The Story of InfraScan – from Medical Device Start-up to Commercialization in under 10 years
We are excited to have secured Baruch Ben-Dor, Ph.D., President and CEO of InfraScan as our May 19th event speaker. Baruch will share the story of his medical device company, established in 2004 in the Philadelphia region. InfraScan is the developer of an industry first, a non-invasive handheld Near Infrared (NIR) brain hematoma detector for patients that have suffered traumatic brain injuries. Be inspired by the various applications of this device and how it can save lives.
Baruch will bring to life the experience of starting up a new company with a brilliant idea of a handheld brain injury diagnostic device and what resources he was able to draw on to support the development and global commercialization of the device in under 10 years. Baruch will share his interactions with existing infrastructure in the region as well as academic research centers and seed funding organizations.
Baruch will also share his experience with the FDA as well as the lessons learned of what didn’t work so well around the available support in the Philadelphia region. Weather you have your own brilliant idea and needing guidance on how to start your own company or working in an established medical device organization, this is a must be for anybody working or wanting to work in this industry.
Baruch Ben-Dor, Ph.D.
President and Chief Executive Officer
Research Associate Professor, School of Biomedical Engineering
Dr. Ben Dor holds a Ph.D. in physics and is a graduate of the highly prestigious Talpiot program of the Israeli Air Force. His experience in the electro optics field dates to 1988, in both the defense sector and in the medical device industry. He created InfraScan, a medical device company focused on handheld system for detection of brain hematoma. Dr. Ben Dor took the company from a lab prototype and patent portfolio all the way through business plan formulation, fund raising, team assembly and sales launch.
InfraScan never rose VC funding, but starting with winning the Wharton Business Plan Competition in 2004, it raised over $7M in grants from the DoD and NIH, got DeNovo and 510k FDA clearances, CE Mark and ISO 13485:2003 certifications and launched sales, which generated over $5M in revenues to date. All battalion aid stations of the US Marines are equipped with the Infrascanner, saving lives.