Business

IU Ventures invests in wireless power technology

BLOOOMINGTON (Inside INdiana Business) — A Chicago-based company that focuses on wireless power for a variety of uses, such as implanted medical devices, has received a $1 million investment from IU Ventures, a nonprofit organization that supports and invests in IU-affiliated innovation. 

The company, NuCurrent Inc, is run by Indiana University alumnus Jacob Babcock. IU Ventures says the IU Philanthropic Venture Fund participated in the Series C round of funding to accelerate NuCurrent’s growth in the emerging wireless power industry.

“Our evaluation of the emerging wireless power marketplace clearly demonstrated that the NuCurrent team was becoming a global leader in the design and engineering of creative power solutions that other teams were unable to accomplish,” said Jason Whitney, associate vice president of IU Ventures.

Babcock was an undergrad at IU and earned his law degree from Northwestern University. That’s where Babcock took part in a business plan competition. He and his colleagues developed intellectual property for charging implantable medical devices. The concept led to the launch of NuCurrent six years ago.

“The question of how to safely, wirelessly charge an implanted device like a pacemaker inside a patient’s body drove the development of NuCurrent’s core IP. Today, we’re enabling wireless technology in everything from smartphones to wearable devices and beyond,” said Mike Harmon, marketing director at NuCurrent.

Whitney says Babcock represents the type of innovative alumnus that the IU fund wants to support.

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Seven rural Hoosier hospitals named to Top 100 list

HUNTINGTON, Ind. (Inside INdiana Business) — Seven hospitals serving rural communities in Indiana have been named Top 100 Rural & Community Hospitals in the U.S. by The Chartis Center for Rural Health.

The center is run by Chicago-based Chartis Group, a consulting, analytics and technology focused on the healthcare industry.

The index is based on a variety of factors, including market, value and finance-based categories. Chartis says the hospitals on the list received the highest overall scores among all rural and community hospitals across the country.

“The Top 100 Rural & Community Hospital award program reminds us that rural providers haven’t lost touch with their mission and are committed to delivering better quality, better outcomes and better patient satisfaction,” said Michael Topchik, national leader, The Chartis Center for Rural Health.

Here’s the list of seven Indiana hospitals to earn the achievement:

  • King’s Daughters’ Health, Madison
  • Major Hospital, Shelbyville
  • Marion General Hospital, Marion
  • Memorial Hospital and Health Care Center, Jasper
  • Parkview Huntington Hospital, Huntington
  • Parkview Noble Hospital, Kendallville
  • Schneck Medical Center, Seymour

Fort Wayne-based Parkview Health has two hospitals to make the list. The health system says it’s the second straight for Parkview Noble and Parkview Huntington to be recognized as a Top 100 hospital by Chartis.

“It is such a pleasure to receive this important recognition again,” said Juli Johnson, president, Parkview Huntington Hospital. “Our hospital team members take great pride in providing world-class care for every patient, and Top 100 recognition is a great reinforcement of all their hard work, patient advocacy and teamwork.”

Click here to view the entire list of top 100 rural hospitals.

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