Challenge

An entrepreneur was seeking to license medical technology that he had created while working at a large medical device company. His innovation, a novel bone adhesive biomaterial, would form the basis for a new startup venture, LaunchPad Medical.

Solution

Working with the members of the startup’s executive team, L&A played a key role in obtaining an exclusive license agreement for this technology. Subsequent to the successful execution of the exclusive license, L&A filed LaunchPad’s first patent application to protect the initial product it is seeking to commercialize.

Result

LaunchPad Medical was recently selected as a finalist in the MassChallenge accelerator program and is currently in discussion for its first round of financing.