MentorTech Ventures | Early Stage Venture Capital Fund

Posted in Biowizard

Order Entries by:
  • (0 ratings)
    • Not yet rated.
    Posted by Shawn LI, Dec 14, 2008
    Click Here for details
    Published 14 December 2008 - 0 comments    Bookmark and Share
  • (0 ratings)
    • Not yet rated.
    Posted by Shawn LI, Feb 05, 2008
    Biomedical Web Portal Experiences Rapid Growth

    Wayne, Pa., – February 5, 2008 – BioWizard, Inc. (http://www.biowizard.com/), an online information and communications platform specifically designed for the biomedical research community, announced today that as a part of the launch of myBW (or myBioWizard), a unique personalization tool available at no cost to the life science community, it now provides biomedical researchers access to approximately half a million new conference abstracts each year from thousands of conferences from across the world

    According to BioMed Central Medical Research Methodology, only 45 percent of clinical findings ever get published and the delay from presentation to publication in peer-reviewed journals can exceed two years. Until now, critical conference abstracts have only been accessible from a broad range of disparate, difficult-to-find resources. By making conference abstracts easily available to researchers, BioWizard is able to provide some of the most valuable, up-to-date information about R&D activities in the industry and academia.

    “Our goal is to help accelerate discovery and make research simple for the medical and life science communities,” explained Jeffrey Boily, CEO of BioWizard. “We have experienced tremendous success with the rapid global growth of our user community in 2007. We believe with our unique conference abstracts search capability, by enabling users to fully customize their experience using myBW and the addition of Scopus® citations to our PubMed Wizard search results, our rapid growth pattern will continue.”

    The myBW conference abstracts feature enables subscribers to perform searches on thousands of medical meetings across the world, enabling comprehensive and timely surveillance of scientific developments, treatment trends and clinical data, and often yielding information that can have dramatic impact on strategic decisions. Users can receive e-alerts immediately as new abstracts are added that match their specific search criteria and pre-formatted emails allow them to easily forward abstracts to their colleagues.

    In addition, myBW provides visitors with the option to customize the website to their specific needs, including defining their own homepage layout and content, saving PubMed search terms and results and storing articles of interest. Users are also able to email articles to colleagues
    and personalize the accompanying message further enhancing the social networking capabilities of the site.

    The life science platform also offers PubMed search enhancements, including Scopus citations to help determine an article’s value to the community. Furthermore, myBW offers syndicated news feeds from more than 70 life science universities, including University of Pennsylvania, John Hopkins and Harvard Medical School.

    “The BioWizard team is doing a great job to create the best friend of PubMed,” said Bertalan Mesko, a fifth year medical student and participant in the latest beta program. “myBW provides me with one place to save all my PubMed searches and also store and easily organize my favorite articles from PubMed’s database. Additionally, myBW saves me valuable time, by delivering all the important news and announcements that are relative to my specific field right to myBW page.”

    myBW remains free to users. Access to the most comprehensive database of biomedical conference abstracts requires a subscription, which is available at a cost of $250 a year for professional researchers and $150 a year for students. BioWizard offers a seven-day free trial to eligible users and provides three and six month subscriptions options as well.
    About BioWizard Inc.

    BioWizard is a free, web-based community for life scientists and physicians, aimed at making the world’s biomedical research information universally accessible and useful. As the first online portal to focus on both the dissemination of information and collaboration within the scientific community, BioWizard’s content is driven by its users helping them to streamline their research. BioWizard offers a unique platform that offers a host of features including its PubMed Wizard search functionality, unsurpassed coverage and timeliness of biomedical conference abstracts, up-to-the-minute field-specific news, a comprehensive product directory and online forums that assist researchers in searching, sharing and discussing a myriad of scientific information. BioWizard was founded in 2005 and is headquartered in Wayne, Pa. For more information, please visit http://www.biowizard.com/.
    ###
    Published 05 February 2008 - 0 comments    Bookmark and Share
  • (0 ratings)
    • Not yet rated.
    Posted by Shawn LI, Jan 02, 2008
    Published 02 January 2008 - 0 comments    Bookmark and Share
  • (0 ratings)
    • Not yet rated.
    Posted by Shawn LI, Apr 11, 2007
    Philadelphia, Pa., – April 11, 2007 – BioWizard, Inc. (http://www.biowizard.com/), an online information and communications portal specifically designed for the biomedical research community, announced today that it has closed its first round of financing. BioWizard will use the funding to further enhance its web-based portal and to initiate its strategic marketing programs.

    BioWizard secured $675,000 in Series A Preferred Stock from MentorTech Ventures, an early stage venture capital fund that invests in information technology, marketing technology and medical device companies with a primary focus on those companies originating at the University of Pennsylvania.

    “MentorTech Ventures brings much more than the financial capital. The team’s substantial intellectual and social capital is a valuable asset that we plan to leverage as we continue to build the company,” explained Jeffrey Boily, Chairman and CEO of BioWizard. “MentorTech has industry extensive experience and strong relationships with the business and scientific communities to assist us in reaching our full growth potential. This new financing will support our ongoing efforts to add new functionality to our site and increase our brand awareness in the scientific and medical markets.”

    “There is a significant demand in the biomedical research community for an interactive web community like BioWizard,” stated Michael Aronson, managing director of MentorTech Ventures and BioWizard board member. “The site offers a unique combination of information and collaboration tools that are not otherwise available to scientists and physicians. Founded by a team of current University of Pennsylvania graduate students, BioWizard is a perfect fit for our portfolio. We look forward to taking an active role in making BioWizard the leading online portal for biomedical research scientists.”

    The BioWizard team has developed several unique tools and functionalities to increase the accessibility and dissemination of life science information, including “Digg”-like (a popular community-based website) features. With full access to the scientific literature on PubMed, BioWizard is leveraging its more than one million unique visitors a day to build the BioWizard user community. Access to the feature-rich BioWizard portal is free for life scientists and is funded by the site’s advertisers.

    -more-

    About MentorTech Ventures
    MentorTech Ventures is an early-stage venture capital fund that invests in information technology, marketing technology and medical device companies with a primary focus on those companies originating at the University of Pennsylvania. MentorTech Ventures plays an active role with its investments from start-up to exit. The MentorTech team has been helping technology companies reach their growth potential for over twenty-five years. In addition to financial capital, they bring substantial intellectual and social capital to their companies through extensive relationships with leading business, engineering and medical school faculty, Wharton Alumni and top tier Venture Capital Funds. For more information, please visit http://www.mentortechventures.com/.

    About BioWizard Inc.
    BioWizard is a free, web-based community for life scientists and physicians, aimed at making the world’s biomedical research information universally accessible and useful. As the first online portal to focus on both the dissemination of information and collaboration within the scientific community, BioWizard’s content is driven by its users helping them to streamline their research. The biomedical research portal offers a host of features including its PubMed Wizard search functionality, up-to-the-minute field-specific news, a comprehensive product directory and online forums that assist researchers in searching, sharing and discussing a myriad of scientific information. BioWizard was founded in 2005 and is headquartered in Philadelphia, Pa. For more information, please visit http://www.biowizard.com/.
    ###
    Published 11 April 2007 - 0 comments    Bookmark and Share
  • (0 ratings)
    • Not yet rated.
    Posted by Shawn LI, Mar 30, 2007
    Click Here to read the full article
    Published 30 March 2007 - 0 comments    Bookmark and Share
  • (0 ratings)
    • Not yet rated.
    Posted by Shawn LI, Feb 26, 2007
    Published 26 February 2007 - 0 comments    Bookmark and Share