Novus wins the DreamCatchers 100K Entrepreneurship seed fund competition!
Apr 22, 2017
Three winning projects in the DreamCatchers 100K Entrepreneurship seed fund competition held by the University of Hong Kong this year provided innovative solution for applications including a mobile app to provide information on locations of AED (automatic external defibrillators) for emergency sudden cardiac arrest situations; a new bone substitute for treating osteoarthritis in animals; and a mobile app which can recognise fresh food and vegetables and provide nutritious information to users.
The final pitch of the competition was held on April 2. A total of 104 teams formed by over 300 HKU students and young alumni participated in the event, among them 20 teams entered the final pitch. Novus were selected as one of the Ten winning teams, given with a seed fund of HK$100,000 to develop our business plans.
Details of Novus's winning project:
Since 2014, the Novus team has been developing a new bone substitute which has clear edge as a potential therapy for bone damage in animals and humans. The substitute can be applied in a variety of bone-related surgical procedures and will soon be tested in animal total hip replacement. It is expected to be ready for human use in 2019/20. The new material also has potential application in treating other orthopaedics problems including vertebroplasty and maxillofacial surgery.