TechConnect Innovation Program

Flexible shafts

Flex Technology Inc, Virginia, United States

TECHNOLOGY SUMMARY

Flex Technology has developed flexible shafts that provide equal bi-directional torque for rotary power transmission. Developed for medical instruments and implants, other applications being developed include flexible shafts, bolts, screws, drills and screwdrivers for aerospace, marine and automotive applications.

Primary Application Area: Medical Devices

Technology Development Status: Proven Manufacturability

Technology Readiness Level: TRL 7

FIGURES OF MERIT

Value Proposition: Two independent companies have placed a valuation of the company between $3M to $4M based on current royalties
and potential of the proposed orthopedic implants under development. This excludes spine implants and industrial
applications.

SHOWCASE SUMMARY

Organization Type: Early-stage Startup (Seed)

National Innovation Awardee

Showcase Booth #: 845

GOVT/EXTERNAL FUNDING SOURCES

Government Funding/Support to Date: Had numerous Phase I and Phase II grants for other medical devices.

Primary Sources of Funding: Angel, Friends, Family, Corporate Partner

Looking for: Both Funding and Development Partners