Invest Nebraska Corporation has announced the closing of financing in Virtual Incision, a Nebraska medical device company. The investment was completed in conjunction with Prairie Gold Venture Partners and Bluestem Capital, both of Sioux Falls, SD. Terms of the investment have not been disclosed; however, the capital will be used to accelerate the development of Virtual Incision’s current prototype and as working capital. Virtual Incision is developing an in vivo (inside the body) robotic surgical device. The patented robot performs minimally invasive abdominal surgery using a single incision with no specialized infrastructure. The initial application of the technology will be colon resection procedures. Virtual Incision was founded in 2006 by two University of Nebraska professors, mechanical engineer Shane Farritor and surgeon Dmitry Oleynikov, and their focus is the development of surgical robots using technology exclusively licensed from the University of Nebraska. The technology uses several existing tools and techniques already familiar to surgeons, and the Virtual Incision platform will be much less expensive than existing robotic alternatives.
Invest Nebraska is a Nebraska-based venture capital organization focused on advising and investing in technology and high growth companies. It is partially funded by the Nebraska Department of Economic Development through the Talent and Innovation Initiative.
For more information about Invest Nebraska Corporation
, please visit their website at www.investnebraska.com.