Guided Surgery Solutions, LLC named a recipient of Massachusetts Life Sciences Center’s Accelerator Loan
BOSTON, Mass. – Guided Surgery Solutions was awarded a $520,000 loan as part of the Massachusetts Life Sciences Center (MLSC)’s Accelerator Loan program. MLSC is a quasi-public agency charged with implementing the state’s 10-year, $1-billion Life Sciences Initiative.
“The companies that have received Accelerator loans from the Center have been making extraordinary progress in attracting private capital, creating jobs and advancing important new medical technologies to the marketplace,” said MLSC President & CEO Susan Windham-Bannister, Ph.D. “We are pleased to add Guided Surgery Solutions and Vaxess Technologies to our Accelerator portfolio, and we look forward to the impact that the Center’s investment will have on the development of their exciting technologies.”
Applications were subjected to a double-blind, rigorous peer review, followed by an evaluation by the MLSC’s Scientific Advisory Board (SAB). Applicants were then further screened by the MLSC’s Investment Sub-Committee of the Board of Directors, through a process that included a live presentation by finalists. Final awards were determined by the MLSC’s Board of Directors.
“We launched our first commercial product a year ago and have made substantial progress in the market. This award is further validation of the concept and will help us execute our next phase of growth,” said Jeremy Benedict, CEO of Guided Surgery Solutions. “We are honored and excited.”
About Guided Surgery Solutions, LLC
Guided Surgery Solutions, LLC designs, manufactures, and sells 3D image-based drill guides for dental implant surgery. The ThinLayer® Guide was developed in the founder’s clinical practice, in response to design limitations found in existing products. These guides provide surgeons the accuracy of computer-guidance, with the ease of freehand drilling. The better design and lower cost enable more doctors to provide better treatment to more patients. Please visit www.guidedsurgerysolutions.com for more information.
About the Massachusetts Life Sciences Center
The Massachusetts Life Sciences Center (MLSC) is a quasi-public agency of the Commonwealth of Massachusetts tasked with implementing the Massachusetts Life Sciences Act, a 10-year, $1-billion initiative that was signed into law in June of 2008. The MLSC’s mission is to create jobs in the life sciences and support vital scientific research that will improve the human condition. This work includes making financial investments in public and private institutions that are advancing life sciences research, development and commercialization as well as building ties among sectors of the Massachusetts life sciences community. For more information, visit www.masslifesciences.com.
About the Life Sciences Accelerator Loan Program
In order to expand life-sciences-related employment opportunities, promote health-related innovations and stimulate research and development, manufacturing and commercialization in the life sciences, the Life Sciences Accelerator Loan Program provides loans to companies engaged in life sciences research and development, commercialization, and manufacturing in Massachusetts. Target entities are generally early-stage life sciences companies with a high-potential for technology commercialization, rapid growth and downstream private equity financing. The program is designed to help sustain these companies through a critical stage of development and to leverage additional sources of capital to bring cutting-edge innovation to the marketplace.