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The following list represents a sample of the companies, organizations and foundations with whom UMRF holds a vested equity interest.

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Company: Foundation Instruments

Primary or UofM Inventor(s): Gary Emmert & Paul Simone


Foundation Instruments, Inc. was formed in 2009 and is a high-tech, spin-out from The University of Memphis. We are committed to selling fully-automated chemical analyzers for on-site, on-line and real-time monitoring of trihalomethanes (THMs) and haloacetic acids (HAAs) in drinking water treatment plants and distribution systems. We help utilities establish real-time monitoring programs so they can optimize treatment practices, save money, comply with regulations, and provide high-quality drinking water to their customers.

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Company: RxBio

Primary or UofM Inventor(s): Abby Parrill-Baker


RxBio, Inc. is an early-stage pharmaceutical company. RxBio was formed around novel and proprietary, small-molecule technology developed at the University of Tennessee Health Science Center (UTHSC) in Memphis and licensed from the University of Tennessee Research Foundation (UTRF).  The company's primary focus is the discovery and development of novel and proprietary compounds for use in the mitigation of acute radiation syndrome (ARS) – including gastrointestinal acute radiation syndrome (GI-ARS) as well as hematological radiation syndrome (HEM-ARS). GI-ARS occurs as a result of unintended exposure to lethal doses of ionizing radiation (i.e. nuclear-weapon detonation, during the manufacture and development of nuclear energy materials, following nuclear accidents, etc.). Government estimates are that many thousands would likely be at risk of developing ARS following the detonation of an improvised nuclear device. Treating GI-ARS is the current limiting step in survival. There is no current therapy for this devastating and life-threatening condition.


Company: SweetBio

Primary or UofM Inventor(s): Gary Bowlin


SweetBio is a Memphis, TN based medical device company specializing in bioengineering honey-incorporated materials for wound care. SweetBio is a proud alum of the Springboard Enterprises Health Innovation Hub 2019 cohort, graduate of the ZeroTo510 and LaunchTN accelerator programs, finalist in Steve Case’s 2018 Rise of the Rest tour and was recently highlighted in Forbes and on 60 Minutes. 

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Company: Engage Data System LLC

Primary or UofM Inventor(s): Susan Elswick


Engage Data System LLC is based in Cordova, Tenn. Engage Data Systems is a cutting-edge data collection and reporting company.
Engage Technology is a cloud-based data collection system that offers real-time data collection capabilities and dynamic reporting opportunities for the user. The Engage system is a data collection tool that allows pedagogical practitioners to gather live data on any student in the classroom for up to three behaviors per student. Numbers can increase based on student needs.

Green Living Technology is an app that allows individuals to plot their green living activities and community concerns on a map so they will be geo-located. This allows for better planning and support of green living along with demonstrating to UofM students, faculty and the surrounding areas how to have sustainable green living practices. The technology is game-based, letting students and faculty receive points for practicing green living and reporting green living issues and activities.

Caregivers Support Technology is a parenting app that answers the many questions parents have about common behaviors such as sleeping, eating and emotional regulation, all provided from a developmental and function-based lens. This app is designed to assists caregivers in improving child behavior, developing healthy social/emotional literacy and enhancing the parent-child bond.


Company: Interlli-link Router Technologies

Primary or UofM Inventor(s): Lan Wang


Router Technologies brings our customers cost-effective problem-solving solutions for tools in their woodshops. We started with plunge routers because we found the most frustration when it came to adjusting bit cutting height. As time goes on we will be offering solutions for other woodworking tools both portable and stationary types. We are both avid woodworkers although we don't get to spend as much time in the shop as we would like. Both of us do all of our own prototyping and design work in our own shops. We design, test, and use all of our products in our shops so we know the designs work and will hold up over time in yours. Woodworking should be enjoyable as a hobby or profession and we have committed our company to helping you to get more enjoyment out of it no matter what your skill level. 


Company: Infusense

Primary or UofM Inventor(s): Erno Lindner

Website: N/A

Infusense LLC is a Memphis based company working to create an automated delivery system for Propofol, a powerful anesthesia used in more than 70 million surgeries and procedures around the country every year and currently required to be delivered only by anesthesiologists during surgeries.

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Company: i2Chain

Primary or UofM Inventor(s): Dipankar Dasgupta


i2Chain, Inc, a San Francisco based cyber security company focused on securing Information and Identity. i2Chain’s SaaS application enables companies to securely share sensitive documents with anyone within or outside the organization. i2Chain enables mortgage companies, banks, accounting firms, hospitals, and others to safely share their PII, IP, and PHI with co-processing entities in compliance with GDPR and CCPA privacy regulations. 

i2Chain’s zero-click technology secures documents with encryption, policies, immutable audit logs, and it is cloud type and storage type agnostic.


Company: Quire, Inc

Primary or UofM Inventor(s): N/A


Patients and their medical records are complex. And the best way to capture the nuances of a person’s health is through clinical notes — not drop-down menus. Quire translates the rich narrative of patient encounters into useful, searchable data. So you can identify rising-risk patients sooner, and take action to improve clinical and financial outcomes for your population.

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Company: UMRF Ventures

Primary or UofM Inventor(s): Jasbir Dhaliwal, Mary Ann Dawson, &

Cody Behles 


UMRF Ventures was founded in 2017, with a grant from FedEx Corporation. Our mission is to help University of Memphis students succeed by creating good-paying part-time jobs on campus, and creating potential career paths with our partner companies after they graduate.



The following list represents a sample of the companies that have licensing agreements with the University of Memphis authorized to use technologies for commercialization purposes. 


Company: Bionova Medical, Inc.

Primary or UofM Inventor(s): Warren Haggard


Bionova Medical is a privately held medical device company in Germantown, TN. Bionova, founded in 2011, is committed to providing advanced treatment options to practicing physicians. The Sentrex BioSponge is indicated for the management of a wide variety of wound types, and may be hydrated with saline solution upon a physician’s recommendation.

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Company: Renaissance Learning, Inc.

Primary or UofM Inventor(s): Randy Floyd & Robin Hojnoski


We create assessment and practice solutions that put learning analytics to work for educators, saving hours of prep time while making truly personalized learning possible. Schools nationwide use our solutions to analyze students’ abilities and guide high-quality instruction. We help teachers teach better, students learn better, and school administrators lead better—all to improve academic outcomes.


Company: Auditec

Primary or UofM Inventor(s): Lisa Mendel


Auditec, Inc. offers a large variety of auditory test materials for audiologists, psychologists, speech-language pathologists, hearing professionals, and other trained medical professionals. 


Company: Chi Systems, Inc.

Primary or UofM Inventor(s): Art Graesser


CHI Systems has been at the forefront of research and development to improve human performance in complex systems for more than twenty-five years. Our clients rely on us for our high-quality products and services, as well as our solid understanding of advanced technology.   But what truly sets us apart is our real-world experience in successfully integrating these technologies into a wide range of existing systems in the defense, aerospace, health, and bio-science information management markets. CHI Systems is a small R&D business focused on computer human interaction specializing in advanced technology training and simulation systems, cognitive modeling, and cultural intelligence data analysis and visualization. 


Company: Hearing Instrument Manufacturers'​ Software Association

Primary or UofM Inventor(s): Robyn Cox


The Hearing Instrument Manufacturers'​ Software Association (HIMSA) was founded at the beginning of 1993 with the objective of developing, marketing and supporting Noah – one standard for integrated hearing care software. HIMSA is a privately owned company, but it operates much like a consortium – all suppliers within the hearing care industry who are HIMSA members have a significant say in the running of HIMSA and in how the standard evolves. Today, over 120 companies support the Noah software standard. In 2002, HIMSA released NOAHlink, a hardware interface for programming hearing instruments. As of January 2015, over 64000 NOAHlink units have been sold.


Company: Northern Illinois University

Primary or UofM Inventor(s): Art Graesser


An NIU education is nationally recognized in quality, nationally ranked in value and aimed at providing you with personal, career and life success. Through internships, research, study abroad, over 300 student organizations and more, the faculty and staff of NIU work hard to provide you with life-changing opportunities.

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Company: Medtronics

Primary or UofM Inventor(s): Jumi Familoni


Medtronic plc is an American Irish-domiciled medical device company that generates the majority of its sales and profits from the U.S. healthcare system but is headquartered in the Republic of Ireland for tax purposes. Medtronic has an operational and executive headquarters in Fridley, Minnesota in the U.S. In 2015, Medtronic acquired Irish–tax registered Covidien, in the largest U.S. corporate tax inversion in history, which enabled Medtronic to move its legal registration from the U.S. to Ireland. Medtronic operates in 140 countries and employs over 100,000 people.

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Company: Miami University 

Primary or UofM Inventor(s): Xiangen Hu


Miami University is a public research university in Oxford, Ohio. The university was founded in 1809, making it the second-oldest university in Ohio and the 10th oldest public university in the United States.


Company: Proquest

Primary or UofM Inventor(s): N/A


ProQuest LLC is an Ann Arbor, Michigan-based global information-content and technology company, founded in 1938 as University Microfilms by Eugene B. Power. ProQuest provides applications and products for libraries. Its resources and tools support research and learning, publishing and dissemination, and the acquisition, management and discovery of library collections.


Company: iSTEP

Primary or UofM Inventor(s): N/A

Website: N/A

Princeton Nanotechnology

Company: Princeton Nanotechnology  

Primary or UofM Inventor(s): Eddie Jacobs

Website: N/A

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Company: Extremity Innovations

Primary or UofM Inventor(s): Warren Haggard


The Company, founded in 2008 by Matt Lyons, operates under the passionate leadership of the Lyons brothers. Mike Lyons joined the company in 2010. With experience creating a successful spine company, Blackstone Medical, the combined leadership that the Lyons brothers bring to Extremity Medical make the Company a driven, entrepreneurial culture.

Extremity Medical develops next-generation products for fusion, fixation and motion preserving systems for the upper and lower extremities. We partner with leading surgeons and key institutions to understand the complex challenges they face and then apply rigorous analysis and engineering principles to craft intuitive solutions.


Company: Regents of the University of Minnesota

Primary or UofM Inventor(s): Ranga Gopalakrishnan


The technology is related to aerosol science and technology, powder technology and spray-based additive manufacturing. It was developed to aid in generating aerosol particles (less than 10 microns in size) of sticky powders such as titanium dioxide and calcium phosphate at high concentration for long periods of time for spray-coating processes. The ultrasonic disperser mechanism was designed at low cost and is able to achieve superior concentration compared to commercially available products and designs.


Company: Assessment System Corporations

Primary or UofM Inventor(s): William Shadish


Assessment Systems ( has been a trusted provider in computerized testing since its inception in 1979. Our goal is to change assessment in the world by helping more organizations leverage best practices and industry standards.  We do this by supplying best-in-class software platforms and consulting services to support high-quality measurement in completely scalable solutions. Whether you need a user-friendly item banking system, unproctored internet testing, psychometric analysis, or a complete outsourcing of a high-stakes certification exam, we craft solutions that directly impact your success.


Company: Educational Testing Service (ETS)

Primary or UofM Inventor(s): Art Graesser


Educational Testing Service (ETS), founded in 1947, is the world's largest private nonprofit educational testing and assessment organization. ETS develops various standardized tests primarily in the United States for K–12 and higher education, and it also administers international tests including the TOEFL (Test of English as a Foreign Language), TOEIC (Test of English for International Communication), Graduate Record Examination (GRE) General and Subject Tests, HiSET and The Praxis test Series—in more than 180 countries, and at over 9,000 locations worldwide. Many of the assessments it develops are associated with entry to US tertiary (undergraduate) and quaternary education (graduate) institutions, but it also develops K–12 statewide assessments used for accountability testing in many states, including California, Texas, Tennessee, and Virginia. In total, ETS annually administers 20 million exams in the U.S. and in 180 other countries.


Company: MedChallenger

Primary or UofM Inventor(s): Robert Sweeney


Med-Challenger is the leader in online medical education products and services for practicing clinicians, academic training institutions, and healthcare organizations. Products include medical board exam preparation, annual maintenance of certification assets and continuing medical education credits as well as systemic solutions for improved clinical training, learner management, compliance tracking, and enterprise-level performance improvement. Basically, better medical education operations and outcomes for all - in less time - with more convenience - at less cost.


Company: Advanced Neuromodulation Systems, Inc.

Primary or UofM Inventor(s): Kendall Lee


Advanced Neuromodulation Systems, Inc. (ANS) is a medical device company that makes implantable spinal cord stimulators and drug pumps to help alleviate chronic pain. Neurostimulation products include Renew, an externally powered radiofrequency system that uses an implanted receiver to send electrical energy to relieve pain caused by damaged nerves; Genesis, an internally implanted, adjustable device that sends energy to the spine through a pulse generator; GenesisXP, offering a larger battery than the Genesis system; GenesisRC, and the Eon Neurostimulation System, rechargeable implantable pulse generator (IPG) systems; and Rapid Programmer, a handheld, easy-to-navigate programmer for clinicians, allowing them to test and program ANS devices. 


Company: Mercury Technology Labs, LLC

Primary or UofM Inventor(s): N/A


Mercury Technology Labs is an innovation connector and venture creation company operating from Memphis, Tennessee. Mercury Technology Labs fulfills these two critical roles in the innovation economy by embracing principles of open innovation and innovation acceleration. Mercury strategically partners with corporate research and development engines to evaluate their intellectual property and provide external commercialization support as part of a framework for open innovation. Furthermore, Mercury finds the best raw technologies and research talent from research and development labs both academic and industrial, invests management expertise and capital, and creates new technology business ventures. Mercury Technology Labs is tapping the opportunity of technological intellectual capital and providing value as an innovation engine.


Company: Taylor & Francis Group

Primary or UofM Inventor(s): N/A


Taylor & Francis partners with world-class authors, from leading scientists and researchers, to scholars and professionals operating at the top of their fields. Together, we publish in all areas of the Humanities, Social Sciences, Behavioural Sciences, Science, Technology and Medicine sectors. We are one of the world’s leading publishers of scholarly journals, books, eBooks, text books and reference works.

Velogin Corporation

Company: Velogin Corporation

Primary or UofM Inventor(s): Thomas McCauley

Website: N/A

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