The Daily Record: UMB’s CoapTech awarded $50K seed fund grant
Thursday, January 27, 2022
CoapTech Inc., a Baltimore-based medical device company, announced Thursday it was awarded a $50,000 grant by the Children’s Hospital of Philadelphia’s Pennsylvania Pediatric Medical Device Consortium (“PPDC”) for its PUMA-G Peds System, a device designed to provide a safer way to place feeding tubes in children.
CoapTech commercializes the new platform called the PUMA System, which allows ultrasound to be utilized in hollow organ cavities.
The company was spun out of the University of Maryland, Baltimore (UMB) where the technology was developed. UMB’s technology transfer arm, UM Ventures, Baltimore, also provided direct investment in the company. It was selected as a Medtech Innovator 2019 Best-in-Class Startup company and was named 2018 Maryland Incubator Company of the Year for Best Medical Device Company.
Read the full story from The Daily Record.