Tuesday, March 27, 2012

Orthovative Technologies Wins Grand Prize in Elevator Competition

A company that developed a monitoring device to reduce back pain and promote good posture just received a $10,000 boost for winning the grand prize in the 13th Annual Elevator Competition hosted by Wake Forest University Schools of Business.

Orthovative Technologies was founded by David Smitherman, a student in the MBA program at Wake Forest University Schools of Business, and Tadhg O’Gara, a Board Certified Orthopaedic Surgeon and Assistant Professor at Wake Forest University School of Medicine. Their OrthoCorrect Patch monitors patient posture and provides auditory and vibratory corrective feedback to strengthen back muscles and eliminate back pain.

In addition to the $10,000 Elevator Competition prize, Orthovative Technologies received automatic entry into the Venture Labs Investment Competition and can qualify for up to a $500,000 investment from the Piedmont Angel Network. More.

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