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May 8, 2009

"Dr. Elisabeth Papazoglou and the NIR Diagnostics team won the Michelson Grand Prize and People’s Choice Award at the 2009 Wharton Business Plan Competition."

Dr. Elisabeth Papazoglou, Assistant Professor in BIOMED, and the Drexel-Penn Near Infrared (NIR) Diagnostics team won the Michelson Grand Prize and People’s Choice Award at the 2009 Wharton Business Plan Competition. The NIR wound technology was developed at Drexel University and is based on the discovery of Dr. Britton Chance, professor emeritus of biophysics, physical chemistry and radiologic physics at the University of Pennsylvania, and was funded in part by the Telemedicine and Advanced Technologies Research Center (TATRC) and the Coulter Translational Partnership Funds. The Drexel-Penn team also won the People's Choice” Award, as voted by the participants at the competition. The Drexel team, led by Drs. Elisabeth Papazoglou, Michael Weingarten (CoM), Leonid Zubkov (BIOMED), Kambiz Pourrezaei (BIOMED), and Michael Niedrauer (BIOMED), along with the Wharton team, led by Armen Karamanian, Pitamber Devgon, Bosun Hau and Xiaoming Fang, will receive $20,000 cash for the Michelson Grand Prize and an additional $3,000 for winning the People's Choice Award.

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