Press Release SATT South East, “Accelerator of Technology Transfer”, concludes its second license agreement with Ab Initio Medical, and creates a new 'Business & Start-­‐up Development' department SATT South East finalizes a license agreement for an innovation targeting the neonatal intensive care training market. SATT creates its own Business & Start-­‐up Development department to work more closely with regional companies Marseille, France, July 19, 2012, the Technology Transfer Accelerator company, SATT South East, concludes its second license agreement with the company Ab Initio Medical in Meyreuil (South of France). This transfer of a technology patented by the Aix-­‐Marseille University and the Assistance Publique – Hôpitaux de Marseille (group of public welfare institutes and hospitals) is the outcome of research led by Pr. Umberto SIMEONI from the Neonatology Unit at the Conception Hospital in Marseille. The research focuses on developing an innovative simulator capable of teaching medical students and staff tracheal intubation in the field of neonatal intensive care. SATT finalized negotiations that were started by Protisvalor (subsidiary of the Aix-­‐Marseille University) and Valorpaca (shared technology transfer organization in the Provence-­‐Alpes-­‐Côte d’Azur (PACA) region) to transfer this technology to Ab Initio Medical SAS, an innovative start-­‐
up based in the PACA region, which has benefited from pre-­‐seed funding and support from the inter-­‐university business incubator called Impulse. “Our goal is to offer a range of extremely realistic robotic patient simulators for neonatal medical training. Training in simulation labs that reproduce hospital and clinic conditions is a fast-­‐growing business. In this context, Ab Initio Medical will be innovating with a simulator concept for newborns, which marks a complete technological breakthrough and makes up for the existing lack of efficient resuscitator dummies”, said Cyrille MICHAUD, Chairman of Ab Initio Medical. “Following this first license, we intend to extend our range of simulators to adults with the goal of transforming Ab Initio Medical into a key player in medical simulation. With these innovative products and services, we will be able to stand out on a growing global market”, he pursued. “SATT South East has met its early objectives and concluded its second license agreement! We have finalized the transfer of a technology developed by a regional academic research body to a regional start-­‐up” declared Olivier FRENEAUX, SATT President & CEO. “We recently set up a Business & Start-­‐up Development department to work more closely with companies in the region, particularly SMEs. Our objective is to support their development and foster an entrepreneurial mind-­‐set by creating innovative businesses in the PACA region and Corsica, through partnerships with business incubators”, continued Didier NOEL who was recently appointed head of this department. SATT South East is therefore focusing its attention on the regional economic fabric by setting up a Business & Start-­‐up Development department. This department covers activities and services available to companies, such as licensing, creation of start-­‐up, assistance in buying innovations, etc. P RESS R ELEASE SATT S OUTH E AST – J ULY 19, 2012 - 1 -
About SATT South East SATT South East, ‘Accelerator of Technology Transfer', acts as interface between public research laboratories and the industrial sector. SATT is perpetuating the work initially started by the Valorpaca association in promoting public research. Its core business involves bringing high-­‐potential inventions developed by regional laboratories to readiness on legal (intellectual property), economic (market) and technical (proof of concept) levels. It is actively involved in raising awareness among researchers, identifying inventions, managing intellectual property portfolios, promoting technologies developed by public research bodies in the Provence-­‐Alpes-­‐Côte d’Azur (PACA) region and Corsica. Strengthened by the excellence in regional research, together with the skills and expertise of its business teams specialized in technology transfer and Business & Start-­‐up Development, SATT intends to become a key player in regional economic development associated with innovation. SATT South East is a simplified joint-­‐stock company (SATT PACA Corse SAS) with a capital of €1 million. Its shareholders include the Aix-­‐Marseille University, the Nice Sophia Antipolis University, the Sud Toulon Var University, the University of Avignon and the Vaucluse, the University of Corsica, the Centrale Engineering School of Marseille, the French National Centre for Scientific Research (CNRS), the National Institute for Medical Research (INSERM), and the Caisse des Dépôts et Consignations. The Assistance Publique – Hôpitaux de Marseille and the Nice University Hospital Centre are two of the company’s founding partners though they cannot be shareholders. A total of 31 employees worked for the company as of July 15, 2012. Its headquarters are based in Marseille, with a branch in Sophia Antipolis, France. For more information, go to www.sattse.com or follow our twitter account at @SATTse_ About Ab Initio Medical Ab Initio Medical is a new start-­‐up that was created in February 2011. The company is centered on the research, development, manufacture and marketing of high-­‐fidelity medical simulators for the medical training of doctors and paramedical staff. Ab Initio Medical is a simplified joint-­‐stock company with a capital of €50,000 and 4 founding partners. In 2010, the team won the ‘Emergence’ category of a French national competition furthering the creation of innovative enterprises organized by the Ministry of Research. The company was also aided by the incubator called Impulse from 2010 to 2012. Its headquarters are based in the innovative business incubator in Meyreuil (South of France). Ab Initio Medical has actively embarked on a call for funds to develop its business. Press Contacts SATT South East Florent MARTIN, Ph.D., MSc Head of Marketing & Communications +33 (0)7 57 50 20 60 cell +33 (0)4 91 31 97 99 tel [email protected] Ab Initio Medical Cyrille MICHAUD Chairman +33 (0)4 42 61 29 29 tel contact@abinitio-­‐medical.com P RESS R ELEASE SATT S OUTH E AST – J ULY 19, 2012 - 2 -
Appendices Figure 1: medical simulation -­‐ placing medical staff in realistic simulated conditions © Copyright 2012 – Relations Médicales Figure 2: corporate portrait of Didier NOEL, Executive Director of the Business & Start-­‐up Development department © 2012 SATT South East P RESS R ELEASE SATT S OUTH E AST – J ULY 19, 2012 - 3 -