Clear Guide Medical Secures a $400,000 NIH Small Business Innovation Research 2-Year Phase I Grant

Clear Guide Medical has been awarded a National Institute of Biomedical Imaging and Bioengineering  2-year, $400,000 grant designed to ameliorate health care disparities.  Clear Guide Medical will use the funding from this Development and Translation of Medical Technologies to Reduce Health Disparities Grant to bring its revolutionary ultrasound-guidance device to more remote clinics and hospitals.

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 won the Maryland Incubator Company of the Year Award in the Life Sciences/Medical Device category.  Clear Guide Medical was also a finalist in Maryland's 2013 and 2012 Innovation, Corporate Excellence and Entrepreneurship (ICE) Awards, as well as a national top 10 University Startup in 2012.  CGM is currently working on FDA clearance for its first generation device to be used with ultrasound-based interventions.  The company has received over $1,205,000 in grants and awards and is seeking early stage private investment.

About the Development and Translation of Medical Technologies to Reduce Health Disparities Grant

This Funding Opportunity encourages SBIR grant applications from small business concerns that propose to develop and translate medical technologies aimed at reducing disparities in healthcare access and health outcomes. Appropriate medical technologies should be effective, affordable, culturally acceptable, and deliverable to those who need them. Responsive grant applications must involve a formal collaboration with a healthcare provider or other healthcare organization serving a health disparity population during Phase I and Phase II.

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.