2 of 12
Preventing life-threatening falls
Preventing life-threatening falls
iShoe team members COO Amit Garg, CEO Erez Lieberman, CFO Mauro Piazza and staff scientist Qian Yang, with their prototype
Company: iShoe
School: Harvard University
Team members: Erez Lieberman, Katharine Forth, Qian Yang, Ricardo Piedrahita, Mauro Piazza, Amit Garg

Concept: Nine million elderly Americans experience chronic falls, often leading to hip fractures and, occasionally, to death. Treatment currently only occurs after a fall, as there is no widely available way to diagnose poor balance in the elderly. IShoe plans to manufacture free-standing and mobile devices that detect balance deterioration, allowing those at risk to receive treatment to correct balance problems before a life-threatening fall.

The team's product will be an affordable bathroom scale that calculates weight and body mass index and allows users to track balance changes over time. After that, iShoe plans to expand into shoes and insoles.

"We hold three patents, have won the Lunar Ventures Business Plan Competition and are in the finals of two others, and have a working prototype," says COO Amit Garg. "IShoe has been endorsed by the American Association of Retired People (AARP) and called one of the top 20 'Biotech Breakthroughs that will Change Medicine' by Popular Mechanics."

Timeline: The Lunar Venture competition awarded iShoe $50,000. The venture has also applied for $500,000 in Small Business Innovation Research (SBIR) grants and reached the second phase of the National Space Biomedical Research Institute's grant competition.

"We are currently developing relationships with potential investors, especially venture capitalists and angel investors," Garg says. "Investment has been down overall, but we are confident investors will recognize the merits of our product and our team." -Rose Fox

NEXT: Medical imaging without the radiation

LAST UPDATE: Apr 21 2009 | 9:26 PM ET
Sponsored by
Where are they now? Striking deals with the San Francisco Giants and landing millions in venture financing, last year's top teams have battled the downturn. More
7 business plan superstars After winning competitions with their business plans, these 7 ventures turned their paper visions into thriving companies. More
6 ideas for changing the world Do good and make money: That's the goal of these six startups vying for the Social Venture Award and $10,000 in seed money. More

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.