Medical Alley, Minn. – 17 January 2023
Radwave Technologies, Inc. is pleased to announce that it has been awarded the highly competitive Phase II Small Business Innovation Research (SBIR) grant by the National Science Foundation (NSF). The $973,799 two-year grant will help the company to further advance the development of its modular, reconfigurable electromagnetic tracking system for use in minimally invasive surgeries (MIS) and medical robotics.
Radwave Technologies has developed a next-generation surgical navigation solution that enables accurate tracking of medical instruments over the entire patient’s body, is compatible with modern imaging modalities commonly used in advanced MIS procedures, and can detect and mitigate interference or distortion from various sources in real-time. Radwave Technologies electromagnetic tracking system is designed to enable better clinical outcomes, shorten procedure times, and increase safety for patients and staff.
“The Phase II award will help us continue to build on the positive outcomes of the Phase I feasibility studies,” says Lev Koyrakh, PhD, President and Chief Technology Officer of Radwave Technologies and the Principal Investigator on the Award. “It will strengthen our mission. We’ve validated many of our assumptions in the lab and with our customers and are now well positioned to complete the development of a commercialization-ready system,”
“The overall goal of the Phase II project is to complete the research and development and fully implement the advanced features of the Radwave system demonstrated during the Phase I effort,” adds Sean Morgan, Chief Operating Officer, Head of Engineering, and a key investigator on the Award.
“We aim to bring meaningful improvement to clinical outcomes with our technology, by improving the accuracy and reliability of MIS procedures and reducing radiation exposure,” says Andrew Brown, Chief Executive Officer of Radwave Technologies. “That’s why we are very excited to bring to market these much-needed advancements in electromagnetic tracking technology.”
This research is supported by the National Science Foundation Small Business Innovation Research Program Phase II under Award Number 2222580 titled “Modular and Reconfigurable Electromagnetic Navigation System for Surgical Interventions and Medical Robotics.” Radwave Technologies would like to thank Pat Dillon of the MNSBIR, Inc. (Non-Profit) for her help and guidance during the NSF application process, and our customers and partners for supporting our proposal by providing their letters of support.
About the NSF’s Small Business Programs
America’s Seed Fund powered by NSF awards $200 million annually to startups and small businesses, transforming scientific discovery into products and services with commercial and societal impact. Startups working across almost all areas of science and technology can receive up to $1.75 million to support R&D, helping de-risk technology for commercial success. America’s Seed Fund is congressionally mandated through the SBIR program. The NSF is an independent federal agency with a budget of about $8.1 billion that supports fundamental research and education across all fields of science and engineering. For more information, visit seedfund.nsf.gov
About Radwave Technologies Inc.
Radwave Technologies Inc. is the leading provider of novel electromagnetic tracking solutions that helps health care innovators create the next generation of medical devices. The company mission is to develop accurate and reliable electromagnetic navigation technology to improve outcomes of minimally invasive and robotic medical procedures. Radwave Technologies Inc. is a privately held company founded in 2018, and is based in St. Paul, MN.
For more information, visit www.radwavetech.com