BSC and ELEM Biotech Sample Clauses

BSC and ELEM Biotech. ELEM Biotech is a biomedical company which develops a simulation environment for tissue and organ levels. ELEM Biotech is a start-up from Barcelona Supercomputing Center, co- founded by BSC's researchers Xxxxxxx Xxxxxxx and Xxxxxxxxx Xxxxxxxx. ELEM Biotech was incorporated in mid-July 2018 and is now a PLC ("elem biotech s.l.") having an initial capital seed of 275K Euros from different international investors. The company is based in Barcelona, with a commercial office in Bristol after being selected for the 2nd Bristol Cohort of the Oracle's start-up ecosystem. ELEM Biotech is currently carrying on projects with Medtronic (cardiac mechanics and morphine pumps for spinal fluid) and iVascular (stent manufacturing and deployment). ELEM Biotech is a successful demonstration of the research quality of CompBioMed partners and its projection towards a business development. It aims to provide a simulation environment deployed in HPC Cloud infrastructures with the Software-as-a-Service model. Since early stages of the company creation, CompBioMed’s Core Partner CBK has discussed with the ELEM Biotech executives both business and financial issues, particularly in reference to raising capital. Elem Biotech is now an Associate Partner. During the last three months, ELEM biotech applied for three Xxxxxx Xxxxxxx grants from the Spanish government to contract three Engineers in order to increase the development rate of the planned software solutions.
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