CAMBRIDGE, MA--(Marketwire - Jun 26, 2012) - Carnegie Mellon University (CMU) has invested in REBIScan, Inc., a Massachusetts startup focusing on the detection and eradication of vision loss in children. The private investment was made through the Open Field Entrepreneurs Fund (OFEF), which was established by CMU alumnus and Flip Video Camera creator Jonathan Kaplan and his wife, Marci Glazer, to provide early-stage business support to recent CMU alumni.
REBIScan, a medical device and data analytics firm, is on the cusp of commercially introducing its handheld device, the Pediatric Vision Scanner (PVS). Through independent clinical trials, the PVS has shown to be 98% accurate at detecting amblyopia, the leading cause of preventable vision loss in children. Earlier this year, Dr. David G. Hunter, REBIScan co-founder and co-inventor of the PVS, was named by the Boston Globe as a top innovator in the state of Massachusetts for 2012. In 2011, Justin G. Shaka, REBIScan co-founder and CMU alumnus (T'11) was named the 2011 Canfield-Roseman Entrepreneur of the Year, awarded to a Tepper School of Business MBA graduate for excellence in entrepreneurship and innovation.
REBIScan was selected from among a competitive field of promising startups vying for participation in the OFEF, which provides $50,000 in matching funds to the company. Awardees also gain access to other funding sources and personalized mentoring. REBIScan anticipates launching its PVS in early 2013.