Business Of Innovative Ideas

Business Of Innovative Ideas

What started as a class project by three fourth-year University of Waterloo mechatronics engineering students has turned into a revolutionary business idea and can improve the lives of hip implant patients around the world.
The business idea was developed by Armen Bakirtzian, Andre Hladio and Richard Fanson founded Avenir Medical Inc. in 2010. Financing, mentoring and support to the business idea was attained through the Spin Master Innovation Fund, the founders of the business idea are now working tirelessly to bring their key product, PelvAssist™, to market.
PelvAssist™ is a surgical tool that measures the exact position and orientation of hip implants and provides a digital readout. Early tests show that it is improving the hip replacement experience for patients and in turn giving a great business idea to hospitals for a cost-effective and reliable way to prevent follow-up surgeries.


Photo source Urban Woodswalker

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