Kanade's Bonecraft Biotech Startup Awarded $75,000 Grant to Hire CEO

 

March 29, 2002

The Pittsburgh Post-Gazette's Business News story "Biotech startup wins $75,000 grant" details a grant given to Bonecraft LLC, a Pittsburgh biotech startup that plans to manufacture and market computer-aided tools for orthopedic surgery. The Pittsburgh Tissue Engineering Initiative's Senior Management Recruitment Fund's first award will be used to recruit a CEO with 20 years of experience in the biotech industry. The initiative "helps support university scientists hoping to develop commercial products from their research" and gave Bonecraft financial aid to advance its technology, noted the newspaper's account.

Bonecraft was started by Dr. Norman Krause and Dr. Robert Mendocino, two Pittsburgh surgeons, with the help of CMU's Takeo Kanade, U.A. and Helen Whitaker Professor of CS and Robotics; Lee Weiss, Principal Research Scientist, Robotics Institute; and Kenji Shimada, Associate Professor of Mechanical Engineering. Innovation Works and the Pennsylvania Infrastructure Technology Alliance (PITA) are also financing other surgical applications for Bonecraft's tools. These two groups aid start-ups before they find venture capital.

Headshot of Takeo Kanade

Related People:

Takeo Kanade