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Tympanogen Wins 2nd Overall at International Business Model Competition

| May 6, 2014 | Comments (0)

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New Orleans-based Tympanogen has created a new medical technology, a gel patch called Perf-Fix, that will provide a non-surgical treatment to eardrum perforations.

Tympanogen International Business Model Competition

From left to right: Jesse Ranney, Elaine Horn-Ranney and Parastoo Khoshakhlagh.

After taking home the grand prize of $25,000 at the Tulane Business Model Competition, Tympanogen gained entrance into the International Business Model Competition headquartered at Brigham Young University in Provo, Utah.

The Tympanogen team, which is led by a team of engineers and physicians at Tulane University, ended up coming in second place overall after the final round, winning a check for $12,000.

The International Business Model Competition represents the first competition of its kind in the world and is part of a groundbreaking approach to entrepreneurship that focuses on the process of improving the inputs into entrepreneurship rather than the outputs.

The top 42 teams from the United States, Mexico, Japan, Canada and many other locations across the globe gathered to hear feedback from mentors prior to the final round.

Veritas Medical, a team from the University of Utah, were the global champion of this year’s International competition, taking home a $25,000 and $50,000 investment from Alta Ventures.

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About Julia Ballard: Julia is the current Editor-In-Chief of Silicon Bayou News. She loves the entrepreneurial and tech community in New Orleans and believes there is no better time to be living here. Catch up with her on Twitter @juliaballard or send her an email at julia@siliconbayounews.com. View author profile.