The founder of Instent among the 10 Innovators Under 35 France
The MIT Technology Review awarded on Wednesday, April 13th, its prestigious Innovation award, distinguishing the best 10 Innovators Under 35 in France. Among them, Franz Bozsak, President and Founder of Instent, a spin-off of École Polytechnique.
Sergey Brin, Google's co-founder, or Mark Zuckerberg, Facebook's founder, both received that award. Each year, the MIT Technology Review awards its innovation prize and thus distinguishes young innovators who develop projects combining technology, innovation and creativity, with a strong social and economic impact. Awarded on a global scale for the last fifteen years, this prize also distinguishes the best 10 Innovators Under 35 in France. The winners, selected among 130 top-level applicants, have been chosen by a jury of international experts.
In 2014, two Ingénieur polytechnicien graduates received the prize: David Vissière (X 1999), President and founder of Sysnav, offering next-generation solutions for navigation and geopositioning for all environments, including the most extreme, and Rémi Dangla (X 2005), Founder of Stilla Technologies, that focuses on accelerating the development of next-generation genetic tests by providing biologists with tools for high-resolution genetic analysis. In 2013, David Fattal (X 1998), an Alumnus of École Polytechnique and researcher at Hewlett-Packard, was awarded the global MIT prize for having developed a technology allowing to watch 3D images on smartphones without special glasses.
Instent, an innovative remote monitoring system for stents
Franz Bozsak, who did his PhD at École Polytechnique's Laboratory of Hydrodynamics (LadHyX, École Polytechnique / CNRS), is developing with his team an innovative remote monitoring system for stents, which are the small metal springs placed in arteries to prevent them from clogging. These intelligent stents will be monitored remotely and dedicated to the portion of the artery in which the stent is implanted. Each year, 7 million stents are placed in the world, among which 200,000 in France, 5 million new patients are identified and the stent market amounts to nearly 7 billion euros.
To launch his start-up, Franz Bozsak has received funding from the École Polytechnique Foundation while he was doing his post-doctorate at l'X and he received in 2013 the Jean-Louis Price Gérondeau - Zodiac Aerospace Prize. In April 2015, Instent was part of the first class of startups accompanied by X-UP, École Polytechnique accelerator and today Instent benefits from École Polytechnique's entrepreneurial expertise to develop its flagship product, "the smart stent", within the dedicated Center for innovation and entrepreneurship "LA FIBRE ENTREPRENEUR - Drahi - X Novation Center." In November 2015, Instent raised its first million euros.
"This award recognizes the work accomplished by the team last year and a half since the project started in September 2014 until recent in vivo tests which confirm the data observed in the laboratory, comments Franz Bozsak. This distinction is a true recognition of the quality of our project and will allow us to expand beyond France and especially in the United States. With this award, we are recognized as innovators having a real impact on the daily lives of patients. This "MIT labeling" will allow us to establish new partnerships with the medical community and to attract new investors in order to raise three million euros by the end of the year. Furthermore, we take this opportunity to announce the development and marketing in 2018 of a non-implantable product for the treatment of cerebrovascular accidents (CVA). The launch, which fits perfectly into our strategy, will be useful now for patients pending the release of our connected stent system."
Instent is thus an example of a revolutionary start-up, with strong societal impact, showing the virtuous cycle offered by l'X, and has therefore been chosen by the École Polytechnique Foundation to represent the actions it funds in a digital communication campaign called "Create a world of possibilities."