Carey Grads Launch Wearable Tech Startup

Main navigation Johns Hopkins Legacy Online applications Faculty Directory Experiential studying Career assets Alumni mentoring program Util Nav CTA CTA Breadcrumb Carey Grads Launch Wearable Tech Startup Carey Grads Target Workplace Injuries with Wearable Tech Startup What is the value of know-how that can predict the long run? When it involves detecting and preventing office accidents, the answer is lots, says a trio of Carey Business School college students who have shaped a startup across the tech. Formed in 2015, the corporate known as Motus Datum and was conceived by three Carey Business School students: Chris Colihan-Grillo, Andrew Maus, and David Yakimischak. The firm was spawned during Carey’s Discovery to Market class, a novel offering that focuses on entrepreneurship and the commercialization process for scientific supplies. The class, taught by Associate Professor Toby Gordon, duties students with developing a commercialization plan for a new expertise that is pending patent. As the trio was sifting via the batch of patents owned by the Centers for Disease Control and the National Institutes of Health, they came across a patent known as PEAS, which stands for Portable Exposure Assessment System. The wearable expertise consists of a co mmunity of body-worn sensors the size of poker chips â€" together with gyroscopes, vibration sensors, accelerometers, weight sensors â€" that gather information about a person’s actions. That info is uploaded to a cell phone after which plugged into an algorithm that the founders say can predict and subsequently stop future on-the-job accidents. “Based in your physical profile and your individual motion, the technology can determine if you're moving in a means that over time would end in a musculoskeletal harm (MSI),” stated Colihan-Grillo, the corporate’s CEO. The group says the expertise is right for industries during which employees are exposed to higher chances of on-the-job injuries, corresponding to nurses, construction staff, and supply individuals. The good thing about such technology has the potential to be big, the founders say. “The objective right here is to cut back injuries. And if we've some information that shows placing this method in place can reduce inju ries, we now have a house-run alternative,” says Yakimischak, the company’s COO and CTO. On prime of that, the business behind the know-how is strong. The group envisions working as a marketing consultant for its shoppers, which could vary from employers to insurance coverage firms. “Our enterprise model is to supply knowledge analytics as a service,” Colihan-Grillo says. Maus, the corporate’s CFO, says direct health care costs for employee accidents exceeds $62 billion, which doesn't embody oblique well being care and monetary benefits. “There is a large connection between workplace accidents and opioid use,” Maus mentioned. “When you get a worker that hurts their again, they turn out to be dependent over months and even years due to overexertion, and repetitive actions at work. The end result, persistent musculoskeletal injuries (MSI’s) predominantly handled by opioids, resulting in a a lot greater downside.” He later added: “If you're an insurance coverage f irm paying out tons of of hundreds of thousands, if not billions, of dollars a 12 months to take care of these accidents â€" The capacity to reduce MSI’s by a mere four % greater than demonstrates a return on funding.” The startup began as a category project, however the group quickly started to comprehend that something more was there. “Just by happenstance through the class, the CDC was awarded the patent for PEAS,” Colihan-Grillo mentioned, which added to the project’s momentum. In the spring of 2016, the trio have been on the lookout for a project for their capstone class. They rapidly settled on further developing a enterprise across the PEAS technology. “The three of us sat down and mentioned, ‘This know-how is pretty cool, and we truly assume there is business viability here,’” Colihan-Grillo mentioned. Their work continued via the capstone class and their graduation in May 2016. Now, the company officials want to proceed their momentum with a pilot program to test the viability of the technology. They are also on the lookout for seed funding and to add a full-time worker to help manage the development of the company (all three still have their full-time jobs). The founders say the company wouldn’t be attainable without the Carey Business School. But along with bringing the group collectively and providing the entrepreneurial surroundings, they are saying the school has geared up them well to continue to develop the business. “I learned a lot of different things; I discovered to look at enterprise issues as a multi-faceted, complex system,” Yakimischak mentioned. “I couldn’t have written this business plan two years in the past. I simply couldn’t have accomplished it, and now I can due to the education we received.” Posted 100 International Drive