OsseoPrint3D Wins AMS Startup Competition
Osseoprint3D attended the second annual Additive Manufacturing Strategies summit, co-hosted by 3DPrint.com and SmarTech Markets Publishing. This event branched out into separate tracks for medical and dental 3D printing, and offered a $15,000 cash investment from early stage venture fund Asimov Ventures as the prize.
Osseoprint 3D presented their platform technology for implantable, patient-specific bone scaffolds that can be 3D printed on-site at the practitioner’s office and went home as the winner of the Startup Competition.
According to CEO and founder Dr. Arthur Greyf, a dental implantologist who’s spent a lot of time and money grafting bones in his office, there is definitely a need for OsseoPrint 3D’s platform, as nearly two million bone implants were manufactured in the US over the last six years.
The startup has a working 3D printer prototype with several good features, like a particle counter, optimize algorithm for 3D printing infill patterns, a HEPA filter, and a software-controlled door lock. Dr. Greyf said that OsseoPrint 3D had a positive pre-submission meeting with the FDA last August, and that the 3D printer – which the room got to see during the pitch – should be designed and ready for final approval in the next 3-6 months.
The startup has a simple business model, which will require about $5 million to get to the market in the near future, and offers “significant time savings” in surgery, as scaffolds can be designed and 3D printed chair-side in dental offices in less than 15 minutes. According to Dr. Greyf, the startup’s 3D printer, which has never “seen the light of day outside of my office” until now, will cost about $25,000 and will pay for itself in about 10-20 uses.
Thank you to Asimov ventures for the generous prize!