The 2018 New Venture Champion and winner of the Reinmuth Cup is Lapovations, LLC from the University of Arkansas. They will receive $20,000 to launch their venture. Lapovations is a medical device company focused on creating a platform for innovative products to improve laparoscopy. Their first product, AbGrab®, is an FDA Class I, patent-pending, single-use medical device that uses suction to attach to and lift the abdominal wall more reliably and less invasively than current lifting methods.
Fresh2Joy Co., Ltd. from Sasin Graduate Institute of Business Administration placed second and will receive $10,000 for their endeavor. Fresh2Joy was established with the vision of developing a 100% natural, innovative fruit treatment that reduces major waste issues from spoilage for all stakeholders in the supply chain.
In addition to the grand prizes, Exodus Biosciences from the University of Kansas and Mechanodontics from University of California, Los Angeles each received $2,500 as finalist runners up.