Verizon to contribute total of $1.5M to three local startups

Written By Unknown on Minggu, 05 April 2015 | 12.32

Three local startups will receive a total of $1.5 million this month as winners of Verizon's Powerful Answers Award.

Vaxess Technologies of Cambridge will receive $1 million, and Aldatu Biosciences and School Yourself, both of Boston, will each receive $250,000 at the Saturday grand opening of Verizon's Boylston Street store for their part in a challenge that encourages entrepreneurs to develop innovative solutions in education, health care, sustainability and transportation.

"These winners were chosen by panels of industry experts based on their ability to leverage cutting-edge technology to create solutions that deliver social good," said Michael Murphy, a spokesman for Verizon Wireless New England.

Each year, about 2.4 million people around the world die from vaccine-preventable diseases. And every vaccine on the market has to be either refrigerated or frozen. Vaxess Technologies hopes to either eliminate the need for refrigeration — or expand the range of temperatures at which vaccines could be kept — by combining them with fibroin, a protein found in silk, via the work of Tufts University researchers David Kaplan and Fiorenzo Omenetto.

"The nice thing about the (Verizon) money is that it allows us to pursue vaccine candidates, such as ones for polio, that will be very impactful from a global health standpoint," said CEO Michael Schrader, who co-founded Vaxess in 2012.

Eventually, the company may also use the same silk protein to make orthopedic screws, instead of titanium ones, that could dissolve in the body over time, as well as a micro-needle patch, similar to a postage-stamp-sized piece of velcro, that could be used for drug delivery, eliminating the need for a needle and a syringe, Schrader said.

Aldatu Biosciences will use its award money to help grow the company as it prepares to move to Cambridge and develops a kit to detect HIV drug-resistance in Sub-Saharan Africa.

"It will not only improve health outcomes, but it will also help health care systems save money," said Iain MacLeod, Aldatu's co-founder and chief scientific officer.

The company hopes to start a clinical trial in Botswana by the end of this year, MacLeod said.

School Yourself, an online learning platform developed by MIT alumni Zach Wissner-Gross and John Lee, this spring launched AlgebraX and GeometryX, which have become the highest-rated interactive math courses on edX, with a combined 25,000 students enrolled.

"Personally, I think how a scrappy, four-person startup, rather than a huge university with unlimited resources, has created the top two math MOOCs (massive open online courses) is an interesting story," said Wissner-Gross, School Yourself's CEO. "We'll be using the prize money to release a public version of the powerful authoring tools we developed along the way, so that anyone can make interactive, personalized lessons like ours."


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