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State of Florida Healthcare Innovation Competition offers students $10,000 prize

TAMPA, FL—(March 27, 2015) - What does a breath-actuated glucose monitoring system, polymer-hinged finger brace, and a wheelchair home navigation system have in common? They're all inventions by Florida university students designed to meet a need in the healthcare industry.

On Thursday, April 2, college student innovators from across the state will share their ideas for revolutionizing the quality and delivery of healthcare — and they may receive a chance to make those ideas reality. Winning student presentations will receive cash prizes of $10,000 for first place, $5,000 for second, and $2,500 for third.

Florida students from four universities will pitch their ideas for innovations in healthcare at the ¹ú²ú¶ÌÊÓƵ ¹ú²ú¶ÌÊÓƵConnect Oak View Room, 3702 Spectrum Blvd., Tampa, from 1 to 4:30 p.m. , and the ¹ú²ú¶ÌÊÓƵCenter for Entrepreneurship are partnering to promote this innovative program to encourage early-stage healthcare innovation and entrepreneurship in the state of Florida.

"¹ú²ú¶ÌÊÓƵis the ideal place to host such a statewide competition, with our interdisciplinary Center for Entrepreneurship and our Student Innovation Incubator fostering creativity and business acumen," said Moez Limayem, dean of the ¹ú²ú¶ÌÊÓƵMuma College of Business. "This competition is yet another example of USF's commitment to developing student entrepreneurship, this time in the in-demand field of healthcare. We cannot find a better partner for this endeavor than Florida Blue, who is outstanding in supporting student success throughout Florida."

"We are excited and proud to partner once again with ¹ú²ú¶ÌÊÓƵfor the Healthcare Innovation Competition and to celebrate students and their great ideas," Florida Blue Market President David Pizzo said. "Innovation is core to our company's mission and to helping solve many of our nation's healthcare challenges.

Florida Blue executives will be on the panel at the event that will evaluate the presentations, along with local business professionals, judges from the National Academy of Inventors, and ¹ú²ú¶ÌÊÓƵfaculty.

"The students will have to be laser-focused on what's new and different about the innovation, identify a solution for solving a problem in healthcare, and articulate how this new innovation will positively impact the quality and delivery of healthcare," said Michael Fountain, director of the Center for Entrepreneurship.

In addition, presenters will also have the opportunity to apply to be selected for Florida -- an incubator-type program that identifies high-potential healthcare technology startups and provides them with the resources, support, and network to enable rapid development and growth. The presenters are students attending USF, the University of Florida, Florida International University, and Rollins College.

This year, fifteen presentations by students will include:

• A vascular skin patch that will offer high value to diabetic patients;
• A medical device that helps determine the health of gum tissue;
• A cloud-based solution for digital microscopy/pathology management;
• A device that uses human body electricity to detect early health conditions;
• A breath-actuated glucose monitoring system;
• A patented tracking device that organizes and navigates the world's medical knowledge and databases;
• An auditing algorithm that helps mitigate fraud in the insurance industry;
• A radio-frequency identification (RFID) inventory management solution for high value expiration date critical consumable surgical inventories for hospitals;
• A polymer- hinged finger brace that will help with rheumatoid arthritis;
• A new 24/7 cardiac monitoring device;
• A software for managing healthcare effectiveness data and information set (HEDIS) records;
• A mesh technology that helps improve the efficiency of cardiac healthcare;
• A home navigation system for wheelchair users;
• A pressure sensitive implantable pump that helps with ocular diseases;
• And an app that helps individuals eat healthier foods.

The Center for Entrepreneurship is a nationally ranked, interdisciplinary center, and is part of the ¹ú²ú¶ÌÊÓƵMuma College of Business, in collaboration with the ¹ú²ú¶ÌÊÓƵCollege of Engineering, the Morsani College of Medicine, and the Patel School of Global Sustainability.