SALT LAKE CITY — KB Medical, a student startup developing a wound drain, was named the first-place winner and recipient of a $5,000 grand prize at the 2017-18 University of Utah Opportunity Quest business-model competition.
KB Medical is creating a long-term wound drain for patients to use after surgery. The device includes hydrophobic properties to avoid clotting and clogging. Other features of the device include a constant vacuum pressure and a concealable design.
The device is the brainchild of business student Hannah Butcher and engineering student Michael Kane. Butcher came up with the idea after using a medical drain while recovering from cancer. She didn’t want others going through the pain and discomfort she experienced with her recovery.
“I am excited to be this much closer to helping others not have to go through what I have,” she said in a statement.
KB Medical will now advance to the Utah Entrepreneur Challenge, where it will develop a full business model and compete against students across the state for a grand prize of $40,000.Comment on this story
The Lassonde Institute, a division of the David Eccles School of Business, hosts Opportunity Quest competitions across the state at partner universities. Participants are judged by industry experts based on the quality of their submission and pitch.
All university students in the state are welcome to apply now to the Utah Entrepreneur Challenge, a statewide business-model competition with over $100,000 in prizes available to students. The application is open until Feb. 15 at 5 p.m. To apply, log on to lassonde.utah.edu/uec.