GeniPhys LLC is a life sciences company that develops self-assembling, bioinstructive collagen materials that resemble those found in the body’s tissues. The company, founded by Sherry Harbin, professor of biomedical engineering and basic medical sciences, is already selling its products for research applications. A video about GeniPhys is available here.

GeniPhys previously received $20,000 through the Elevate Purdue Foundry Fund as part of the “First-Tier Black Awards,” making it eligible for the next tier of funding once certain startup milestones were met.

"Purdue's support system for university entrepreneurs is strong,” said Harbin. “We’ll use this funding to support FDA clearance of our first medical product, Collymer Self-Assembling Matrix (SAM). Collymer SAM represents a superior, self-assembling collagen-fibril matrix for promoting tissue regeneration. This breakthrough technology has various applications including, bioactive wound dressings, engineered tissue and organ replacements, surgical implants, and multifunctional drug delivery.”

Another Purdue affiliated startup, Adranos Energetics LLC also received “Second-Tier Gold Award” status.

“Adranos and GeniPhys both have made great progress during the critical early years of their company development,” said Chris LaMothe, Elevate Ventures CEO. “We look forward to continuing engagement with promising companies like them at the Purdue Foundry through advisory and investment consideration by our other investment funds to support their growth.”

John Hanak, Purdue Ventures managing director, said, “The momentum continues to build for entrepreneurial enterprises coming out of Purdue University innovations. We are pleased with the ongoing success of all the startups that have received support through the Elevate Purdue Foundry Fund and the strong promise of future success in the companies have demonstrated in their respective fields.”

In the last three years Purdue startups have raised more than $96 million in venture funding and created nearly 160 positions. Purdue also has had record-breaking entrepreneurial activities in the same time period, including the creation of 76 startups originating from Purdue-patented intellectual property and another 49 startups based on Purdue "know-how."

Other news about GeniPhys

• Purdue startup is developing self-assembling, bioinstructive collagen materials for research, medical applications
• Purdue startup's 'building blocks' support research and medical applications
• Purdue sets record in startup, commercialization activities for second year
• Innovators and entrepreneurs

For more information about the Purdue Foundry visit: http://www.purduefoundry.com/

For more information about Elevate Ventures, visit www.elevateventures.com

Photo: Sherry Harbin, professor of biomedical engineering and basic medical sciences.