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Three medical technology-based emerging companies and one information technology company have been selected for the Spring 2024 Regional Accelerator and Mentoring Program (RAMP).
One of them, Bacchus Therapeutics, already has experience with Verge, the umbrella organization for RAMP and other technology-related organizations. Northern Virginia-based Bacchus was one of the winners of last year’s J&J QuickFire Challenge to drive innovation in oncology.
The company hopes to target specific metabolic pathways in cancer and has set up an office at Virginia Tech’s Corporate Research Center in Blacksburg. Verge is one of the teams working with Johnson & Johnson Innovation on this challenge.
[Disclosure: Verge is one of our donors, but donors have no say in news decisions; see our policy.]
Three other startups are from Roanoke and Blacksburg. They gathered at the Shenandoah Club in Roanoke on Thursday night for a “Meet Your Kind” event.
Roanoke-based Alice Innovations is dedicated to improving operating room service efficiency through better sterile surgical instrument handling.
Recens Respiratio Inc., also in Roanoke, uses methods such as machine learning to speed the discharge of patients with acute respiratory illnesses.
Scanlily LLC of Blacksburg works in the IT industry and uses what it calls a revolutionary QR code-based approach to managing assets and equipment.
Located at the Gill Memorial Building in Roanoke, RAMP is a seven-year-old regional technology business accelerator in partnership with The Verge and the Roanoke-Blacksburg Technology Council.
“Bringing together new groups is a highlight of our programming,” RAMP Director John Hagy said in a recent press release. “We are constantly inspired by the great ideas coming out of the region and are excited to help develop them so they can be brought to market. to the market and make an impact.”
The 12-week program includes a $20,000 scholarship for each company, as well as mentorship and free office space with high-speed Internet in the Gill Building. Free membership for alumni includes two years on the Roanoke-Blacksburg Technical Council, one year on the Virginia BIO and three years on the Shenandoah Club. RAMP also provides ongoing support through the Exit RAMP program and more.
Virginia Innovation Partners awarded $20,000 each to Bacchus, Recens and Scanlily. RAMP provided the scholarship to Alice Innovations, according to a news release.
The Spring 2024 cohort will end on May 22, when businesses will present to regional businesses and investors at Demo Day.
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