Team has earned $327,000 in winnings
LOUISVILLE, Ky. (May 11, 2015) — A University of Louisville College of Business student team marketing a wireless laryngoscope won the top prize Saturday at Global Venture Labs Investment competition in Austin, Texas.
Inscope Medical Solutions team members Maggie Galloway, Mary Nan Mallory, Adam Casson and Will Coburn earned winnings valued at $75,000. That total includes a $25,000 cash prize, $25,000 incubator package and consulting time with the director of Jon Burmlay Texas Venture Labs.
The team also is being invited to close the NASDAQ stock market in August.
Inscope is perfecting the OneScope, an airway management device that can be used to safely intubate patients in ambulances, helicopters, hospitals and surgery centers. Mallory, a physician and professor in UofL’s School of Medicine, co-invented the device and the university’s Office of Technology Transfer licensed its technology.
All four Inscope members are pursuing an entrepreneurship master’s of business administration degree at UofL. Entrepreneurship professor Van Clouse coached the team.
Inscope’s latest win raises its total contest earnings to $327,000. Earlier this year, the team won $133,000 at the Rice Business Plan Competition in Houston, $4,000 at the Oregon New Venture Championship in Portland, Ore., and a $15,000 cash prize and $100,000 startup package at the Brown-Forman Cardinal Challenge.
Thirty-eight teams from countries around the world compete in this year’s Global Venture Labs contest.