Have you ever considered the possibility that wearable technology could vastly improve your life? The innovators at the WearTech Applied Research Center have. In fact, these entrepreneurs arent simply considering the health and lifestyle benefits of WearTech, theyre creating it.
The WearTech Applied Research Center, a collaboration between Arizona State University and local government, economic and healthcare organizations, opened in October in the newly-renovated Park Central and is positioning the Phoenix metro area to be the hub of wearable technology innovation. The first-of-its-kind applied research center will support an entrepreneurial ecosystem to improve quality of life and human performance through the development of innovative wearable technologies.
Our goal with this institute is that we become proud Arizonans of an Arizona-based intellectual property generation, said Chris Camacho, president and CEO of the Greater Phoenix Economic Council (GPEC). Its less about importing other states and other peoples technology and more about building our own.
With the help of a $750,000 grant that was awarded to GPEC from the U.S. Department of Commerce, Arizonas MedTech innovators are changing the way consumers, medical providers, and the world view health and technology. And, in doing so, they are expected to further brand Arizona as the most innovative and forward-thinking MedTech center in the nation.
The WearTech grant originates from the Economic Development Administrations 2018 Regional Innovation Strategies program competition and it aimed at accelerating wearable and medical technology entrepreneurship in Greater Phoenix. The distribution of funds will be facilitated by GPEC, the Center for Entrepreneurial Innovation (CEI) at the Maricopa County Community College District, Arizona State University (ASU), the Partnership for Economic Innovation (PEI), and StartupAZ Foundation.
We were very fortunate that a year ago as we went out and talked to the Legislature about garnering support the Wearable Technology Center, Camacho says. The Legislature afforded us with the governors support dollars to go build what we built at Park Central. Immediately upon finalizing the legislation, we were oversubscribed for the number of private sector WearTech companies that were seeking out the grant infrastructure that the state provided.
When discussing WearTech, those not well-versed with MedTech and wearable technology may wonder, What are we really talking about?
Wearable technology is identified as first being able to be physically wearable on the body, says Joe Hitt, co-founder and CEO of GoX Labs, which operates out of the WearTech Applied Research Center. Second, it needs to be able to do something a quantitative measure monitor heart rate, sleep or even glucose levels.
The SmartWatch is probably the most recognizable type of wearable technology, but earbuds, head-wraps, harnesses and exoskeletons are additional examples.
Wearable medical technology is the next generation of healthcare and can improve the quality of life for patients, said Christine Mackay, director of Phoenix Community and Economic Development.
Among the residents and early innovators that are calling the 5,000-square-foot WearTech Center at Park Central mall in Midtown Phoenix home are:
Hoolest Performance Technologies. The company is focusing on an electrical nerve stimulator earbud that calms anxiety.
GoX Labs. Researchers are developing human exoskeleton standards and testing research in the pursuit of improved mobility and performance.
Flexbio and TrueMobile Health. The company is working on an absorbent patch that can detect the presence of alcohol in sweat and is paired with software for wearable technology.
LevelUp. This company is producing a baseball hat with an EEG headband that utilizes neurofeedback to enhance human performance.
The diverse projects housed in the WearTech Applied Research Center could not be more perfectly positioned, with the Phoenix Biomedical Campus, Barrow Neurological Center and a host of other predominant healthcare providers in close proximity.
WearTech Center in Phoenix will focus on development and research in areas including wearable technologies, wearable robotics, bioelectronics medicine and neurotechnology development with the goal to improve quality of life and human performance. (Photo by Alyssa Tufts, AZ Big Media)
While the physical logistics for the WearTech Center are optimal for its resident innovators, so is the logistic positioning within the growing MedTech sector. Arizona is becoming an increasingly more competitive arena for companies like Hoolest Performance Technologies,GoX Labs, Flexbio and TrueMobile Health and LevelUp.
Why now? Why should entrepreneurs and thought leaders in the MedTech space turn their attention to the Valley?
Because now, the need for wearable technology, combined with public awareness knowledge, is intercepting, Hitt says. Prior, the public wasnt aware of this type of medical technology.And the need for this technology has become more apparent with the rise of preventative diseases 80 percent of chronic diseases are preventable.
Furthermore, according to Hitt, insurers, consumers, medical providers and employers are starting to realize the potential to predict and monitor the progression of medical conditions.
Wearables will help us predict chronic diseases and help us change behavior on a massive scale, he says.
While greater awareness of wearable technology and what it can do in the healthcare industry certainly underscores the idea of right timing, so does having the support and access to research and a pipeline of talent from local universities.
If you look at the top innovation hubs globally, the centerpiece is always a strong research university or universities, says Kyle Squires, dean for the Ira A. Fulton Schools of Engineering at ASU. This collaborative center converges our world-class faculty and impactful research with industry partners ideas and needs. It embeds our ability to effectively translate fundamental research into the marketplace at the pace of industry and make ASUs backyard the competitive home of wearable medical technology.
Camacho says ASU is continuing to fuel the labor force needed for these innovative startups by pursuing an aggressive plan to keep building one of the best engineering schools in the nation.
This new federal award provides a great opportunity to strategically expand the scope, scale and reach of our MedTech Ventures Program adds Gregory Raupp, director of the MacroTechnology Works Initiative and foundation professor of engineering at ASU. As the award encourages expansion in MedTech, it also promotes opportunity for continued intellectual property to be created in Arizona.
That is something Camacho stresses as vital to shaping Greater Phoenix as the hotbed for WearTech development and advancement.
I expect in the next few years, we will have a myriad of innovation centers across this central hub the location of the WearTech Applied Research Center in Central Phoenix that will redefine our city as we know it, Camacho says.
Now that legislators have what Camacho refers to as a taste of what these innovations are, he expects more of a very good thing to come from Arizonas groundbreaking MedTech innovators.
As we put more and more of these in play, were going to be wildly successful in not only recruiting companies, but growing the base of companies in Arizona, he says.
Industry analyst firm CCS Insight estimates the wearable technology industry, with more than 245 million devices sold in 2019 alone, is worth $25 billion globally.
Today, there are more than 133,600 innovators and businesses in the Valleys wearable technology workforce, Mackay adds. This includes electronic, biomechanical and mechanical engineers, electrical and electronic technicians and software developers, plus supporting occupations and vendors. This is a field that can draw upon experience, knowledge and acumen horizontally across many industries.
And, Mackay says, The Valley is establishing prominence at the inception of the industry. Its a pioneering effort,and Phoenix is the world center of the pioneer spirit.
Read this article:
- Reduction in Insomnia Symptoms Associated with Non-invasive Neurotechnology - Newswise - September 19th, 2020
- Your thoughts can be displayed on this cyborg garment - ZDNet - September 19th, 2020
- Facial RecognitionMarket 2020 Industry Analysis by Type, Application, End-User and Region : NEC Corporation, Aware, Inc., Ayonix Corporation, Cognitec... - September 19th, 2020
- AI-based brain monitoring and robotic muscle projects win 11.5m EPSRC boost | Imperial News - Imperial College London - September 19th, 2020
- Mobile Biometrics Market Analysis Technological Innovation by Leading Industry Experts and Forecast to 2028 - The Daily Chronicle - September 19th, 2020
- MOBILE BIOMETRICS MARKET TO SET PHENOMENAL GROWTH WITH KEY VENDORS | EGIS TECHNOLOGY INC.; SHENZHEN GOODIX TECHNOLOGY CO., LTD.; SYNAPTICS... - September 19th, 2020
- Neurotechnology Market Poised to Grow at a Healthy CAGR of XX% During the Forecast Period 2017 2025 - 3rd Watch News - July 21st, 2020
- Fingerprint Biometrics In The VAR Market 2020 by Innovations, New Technology And Research- Fulcrum Biometrics, Neurotechnology, 360 Biometrics,... - July 21st, 2020
- NASA warns of a massive asteroid bigger than the famous London Eye approaching Earth on July 24 - Business Insider India - July 21st, 2020
- Facial Recognition Market 2025: Research By Top Manufacturers with Market Size,Market Growth, Competitive Regions with Opportunities in Industry -... - July 21st, 2020
- Global and Country Specific Neural Control Market Report 2020 Forecast, Opportunities and Strategies To 2027: COVID 19 Impact and Recovery Top Key... - July 21st, 2020
- Neurosurgery Market Growth, Analysis, Regions and Type by 2026 - 3rd Watch News - July 21st, 2020
- The FINANCIAL - Neuralink chip will stream music into your brain - The FINANCIAL - July 21st, 2020
- Facial Recognition Market 2020 Size By Product Types, End-Users, Regional Outlook, Growth Potential, Price Trends And Forecast To 2025 - Cole of Duty - July 21st, 2020
- MOBILE BIOMETRICS MARKET TRENDS, TECHNOLOGY AND FORECAST | BY TOP COMPANIES APPLE INC.; IDEMIA; NUANCE COMMUNICATIONS Cole of Duty - Cole of Duty - July 8th, 2020
- Image Recognition Market Potential Growth, Share, Demand and Analysis of Key Players Research Forecasts - Apsters News - July 8th, 2020
- Global Neurotechnology Market to Witness Rapid Development During the Period 2017 2025 - Jewish Life News - July 5th, 2020
- Fingerprint Biometrics in VAR Market Overview With Detailed Analysis, Competitive Landscape, Forecast to 2026|Delaney Secure, Neurotechnology, 360... - July 5th, 2020
- Neurotechnology Market by Technology, Solutions, Application, Price, Demand Ana - News by aeresearch - July 5th, 2020
- Technological Advancements in Automatic Speech Recognition Software Market to boost Revenues Through COVID-19 Crisis Phase and Forecast to 2029 - NJ... - July 5th, 2020
- Face Recognition Market IN COVID-19: IMPLICATIONS AND BUSINESS OPPORTUNITIES FOR GROWTH GLOBALLY - 3rd Watch News - July 5th, 2020
- COVID-19 Impact on Neurotechnology Market Research Report, Growth Trends and Competitive Analysis 2020-2025 - 3rd Watch News - June 1st, 2020
- Neuroverse BrainStation System Featured as the Brain-based Sleep Monitoring Solution in a YouTube Originals Series to Promote Sleep Awareness -... - June 1st, 2020
- Facial Recognition Market Analysis 2019-2025 Emerging Trends, Growth Drivers, Challengers, Services, Competitive Landscape and Regional Outlook &... - June 1st, 2020
- Facial Recognition System Market Drivers is Responsible to for Increasing Market Share, Forecast 2026 - Cole of Duty - June 1st, 2020
- VTB Bank to launch research centre in Russia with Skolkovo Foundation - Verdict - May 27th, 2020
- Neurotechnology tops FVC-onGoing biometric test results with fingerprint recognition tech - Biometric Update - May 23rd, 2020
- Global Neurotechnology Market SHARE, SIZE 2020| EMERGING RAPIDLY WITH LATEST TRENDS, GROWTH, REVENUE, DEMAND AND FORECAST TO 2026 Cole Reports - Cole... - May 23rd, 2020
- Will Elon Musk's Neuralink Shape the Future of Humanity? - Oxford Student - May 23rd, 2020
- Facial Recognition Market Global Future Investment Initiatives, Growing with Technology Development, New Innovations, Competitive Analysis and... - May 23rd, 2020
- Smell cameras built to detect explosives on planes - The Nation - May 11th, 2020
- Elon Musk Really Is A Huge Gearhead (These Facts Prove It) - TheThings - May 11th, 2020
- Airbus working on sensors that can detect coronavirus - International Business Times, Singapore Edition - May 11th, 2020
- Fingerprint Biometrics In The VAR Market Analysis, Size, Outlook, Competitive Strategies and Forecasts to 2025 - Herald Writeup - May 11th, 2020
- Navigating the New Normal With COVID-19: 12 Essential Actions Executives Need To Take Right Now - OPEN MINDS - April 18th, 2020
- Discover How to Easily Teach Neuroscience to Your Kids - Thrive Global - April 18th, 2020
- CHIME: How Yale's Engineers and Doctors are Innovating to Combat COVID-19 - Yale News - April 18th, 2020
- The Coronavirus is Driving the 1st World Headlong into The Fourth Industrial Revolution - Live Trading News - April 18th, 2020
- The Global Face Recognition Market is expected to grow from USD 3,546.56 Million in 2019 to USD 9,992.35 Million by the end of 2025 at a Compound... - April 18th, 2020
- Neurotechnology Market Forecast with Top Companies, Growth Factors, Classification, Regional Analysis, Development Factors and Bedding Fabrics... - March 31st, 2020
- MOBILE BIOMETRICS MARKET TRENDS, TECHNOLOGY AND FORECAST | BY TOP COMPANIES APPLE INC.; IDEMIA; NUANCE COMMUNICATIONS, INC.; NEC CORPORATION - Skyline... - March 31st, 2020
- Face Recognition Market Discover How Increased Adoption of Among Developing Economies Offers A Major Opportunity in Industry - Skyline Gazette - March 31st, 2020
- Stryker to participate in Cowen 40th Annual Health Care Conference - Yahoo Finance - February 26th, 2020
- Non-fiction reviews: One Blade of Grass and three other titles - The Sydney Morning Herald - February 14th, 2020
- Elon Musk promises to have the Neuralink brain chip in a human this year - Inceptive Mind - February 9th, 2020
- CES 2020: The symbiosis of human and machine - The Drum - January 29th, 2020
- Stryker (SYK) to Report Q4 Earnings: What's in the Cards? - Yahoo Finance - January 29th, 2020
- United States Air Force Plans to "Aim High" Leveraging the Science of Neuroplasticity - Yahoo Finance - January 26th, 2020
- MarketsandMarkets forecasts the global facial recognition market size to grow from USD 3.2 billion in 2019 to USD 7.0 billion by 2024, at a CAGR of... - January 26th, 2020
- Eli Lilly's Acquisition Strategy, And Other News: The Good, Bad And Ugly Of Biopharma - Seeking Alpha - January 26th, 2020
- Neurotechnology Market Trends, Key Players, Overview, Competitive Breakdown and Regional Forecast by 2025 - Filmi Baba - December 26th, 2019
- designboom 2020 TECH PREDICTIONS: cyborgs and brainjacking - Designboom - December 26th, 2019
- Neurotechnology firm partners two care facilities with eye movement platform - Med-Tech Innovation - December 13th, 2019
- SyncThinks eye-tracking helps monitor brain health and concussion risk - VentureBeat - December 12th, 2019
- These were the 15 best CEOs of 2019 - Business Insider - December 12th, 2019
- Worldwide Facial Recognition Market Latest Research By Business Expansion Plans, Industry Demand Status & Forecast 2028 - Tech News Today - December 12th, 2019
- Neurotechnology Market Report 2019 | Industry Size, Share, Trend And Forecast Is A Professional And In-Depth Study By 2026 - Alpha News Report - December 6th, 2019
- Trying to read the 'mind of a group' shapes our decisions online - Futurity: Research News - December 6th, 2019
- Global Facial Recognition Market Top Key Players, Regions and Application Outlook Upto 2019 to 2028 - Industry Planning - December 6th, 2019
- Neurotechnology startup NextMind unveils world's first brain-sensing wearable that delivers real-time device control with just your thoughts -... - November 23rd, 2019
- NextMind Unveils World's First Brain-Sensing Wearable That Delivers Real-Time Device Control With Just Your Thoughts - Business Wire - November 23rd, 2019
- Neurotechnology and the Future of Hope - Robotics Tomorrow (press release) - August 25th, 2017
- Canaccord Genuity Keeps Rating And Raises Price Target On Stryker Corporation (SYK) - Modern Readers - August 25th, 2017
- Technology Key to Fighting Neurological Disease - R & D Magazine - August 25th, 2017
- Could this back-pain device end need for opioids? - The Columbus Dispatch - August 20th, 2017
- In the Future, Humans Will Use Brain to Brain Communication and Download Their Memories If Elon Musk Has His Way - Newsweek - August 14th, 2017
- Open-source Morpheo Platform to Use Artificial Intelligence to Help Diagnose Sleep Disorders - Sleep Review - August 8th, 2017
- Stryker Exceeded Analysts' Sales Estimates in 2Q17 - Market Realist - August 2nd, 2017
- Elon Musk talks of his life's 'highs' and 'lows' in a few painfully honest tweets - Mashable - July 31st, 2017
- Team Neurotechnology Innovations Translator - July 30th, 2017
- Stryker Corporation (NYSE:SYK) and Uroplasty (UPI) Financial Survey - Stock Observer - July 29th, 2017
- Tufts Hosts Engineering Conference - Tufts Now - July 28th, 2017
- Stryker reports 6.1% Q2 growth, installs 26 Mako systems: 7 things ... - Becker's Orthopedic & Spine - July 28th, 2017
- Arshya Vahabzadeh: Innovating at the Intersection of Brain, Behavior, and Technology - HuffPost - July 27th, 2017
- Capstone Asset Management Company Has Boosted By $555078 Its Raytheon Co (RTN) Holding, Stryker (SYK)'s ... - Herald KS - July 26th, 2017
- Trivascular Technologies (TRIV) & Stryker Corporation (SYK) Critical Review - Stock Observer - July 26th, 2017
- fMRI, EEG Tests May Detect Consciousness in Severe TBI Patients - PsychCentral.com - July 24th, 2017
- BRAIN center gathers to ponder future, direction - Arizona State University - July 20th, 2017
- Preserving the Right to Cognitive Liberty - Scientific American - July 19th, 2017
- Comparing Uroplasty (UPI) and Stryker Corporation (NYSE:SYK) - The Cerbat Gem - July 18th, 2017