Clear Guide Medical Receives $150,000 Phase I Small Business Innovation Research (SBIR) Funding

Clear Guide Medical announced today that it has received a $150,000 Phase I NIH SBIR award to develop additional features of its advanced image-guidance device.   This award shows that the science underpinning the device is innovative and useful.  Clear Guide Medical's device is truly the next generation in advanced image-guidance, and its platform technology will be able to be used with all imaging modalities.

About Clear Guide Medical

Clear Guide Medical, a spinout of Johns Hopkins University, provides innovative advanced image-guidance for needle-based interventions and diagnostics.  The company was a finalist in Maryland's 2012 Innovation, Corporate Excellence and Entrepreneurship (ICE) Awards, and is currently working on FDA clearance for its first generation device to be used with ultrasound-based interventions.  The company has received over $700,000 in grants and awards, and is currently seeking early stage private investment.

About the Small Business Innovation Research (SBIR) Program
The Small Business Innovation Research (SBIR) program is a highly competitive program that encourages domestic small businesses to engage in Federal Research/Research and Development (R/R&D) that has the potential for commercialization. The mission of the SBIR program is to support scientific excellence and technological innovation through the investment of Federal research funds in critical American priorities to build a strong national economy. Through a competitive awards-based program, SBIR enables small businesses to explore their technological potential and provides the incentive to profit from its commercialization. By including qualified small businesses in the nation's R&D arena, high-tech innovation is stimulated and the United States gains entrepreneurial spirit as it meets its specific research and development needs.  For more about SBIRs, please see http://www.sbir.gov/about/about-sbir