MedShape Solutions, Inc., an Atlanta, GA-based developer of innovative orthopedic medical devices from shape memory materials, received a strategic investment of undisclosed amount from In-Q-Tel.
MedShape’s business is built on a technology platform of proprietary shape memory polymers and shape memory alloys, which have been designed to morph between two shapes in response to specific stimuli. MedShape uses these materials to improve the fixation of soft tissue to bone and bone to bone in orthopedic procedures, to reduce the invasiveness and complexity of surgical techniques, and to develop durable implants that adjust to changing conditions within the human body.
Commenting on the investment, Kurt Jacobus, Chairman and CEO of MedShape, said that working with IQT would open the door to opportunities to use its technology in support of the U.S. Intelligence Community.
Launched in 1999, In-Q-Tel is a not-for-profit, strategic investment firm that works to identify, adapt, and deliver innovative technology solutions to support the missions of the U.S. Intelligence Community. Its mission is to identify and partner with companies developing cutting-edge technologies that serve the national security interests of the United States.