Posts Tagged: "darpa"

Advances in exoskeleton tech provide the gift of walking to paraplegic patients

Powered exoskeletons, which can improve a person’s gait, are starting to gain traction as a new area of bionic development, which could potentially improve the lives of many. Recently, the California-based bionics firm suitX was selected as the winner of the $1 million top prize at the event for its pediatric medical exoskeleton at the 2016 UAE AI & Robotics Competition for Good. The company’s Phoenix exoskeleton is a modular unit which has a maximum weight of 27 pounds and is adjustable in size. The pediatric exoskeleton that won the award is based on the company’s Phoenix exoskeleton platform. The pediatric version of the Phoenix exoskeleton has been envisioned for helping children suffering from cerebral palsy or spina bifida to gain ambulatory mobility.

Tech Round-Up: Toyota Invests in AI, EU Safe Harbor Invalidated, New Android Chip Designs

American business interests could be adrift at sea after the European Court of Justice invalidated the U.S.-EU Safe Harbor agreement, which governs the transfer of data from European citizens to data centers outside of Europe. Meanwhile, the high tech world of Silicon Valley is getting a new, well-heeled neighbor when Japanese automaker Toyota Motors Corp. (NYSE:TM) realizes its plans of establishing a new five-year corporate venture focused on developing artificial intelligence (AI) technologies. Google is also undertaking the push to develop its own processing chips in an effort to stem fragmentation of Android device development.

The future of bionic arm tech is mind-controlled, cheap to produce

The first decade of the 21st century saw some major advances in bionic arm technologies. The first half of that decade saw a team of researchers working together at the Rehabilitation Institute of Chicago’s Center for Bionic Medicine crafted a bionic arm for Jesse Sullivan, a high-power electrical lineman who lost both of his arms in May 2001 as the result of electrocution. The bionic arm is myoelectric, meaning that it is capable of detecting electrical signals generated by the muscles of the human body. To increase the control signals that can be detected from the body, doctors at RIC’s Neural Engineering Center for Artificial Limbs performed a series of nerve-muscle grafts to move nerves which used to travel to the arms into the chest muscles. By increasing the number of control signals that can be read from the patient’s nerves, doctors were able to outfit Sullivan with a working bionic arm that could be controlled naturally from his nerve impulses.

Patents in the Real World

But looking back, what strikes me is the surprisingly-variable role that patents played in the growth and success of the half-dozen trailblazing startup companies that I helped lead. For these startups, which collectively created more than 2,500 jobs, I raised approximately $1 billion from strategic and venture investors (who ended up with $3 billion in returns). And in the majority of cases, owning patents proved to be crucial to the funding and commercial success of my startup. But this wasn’t always the case. In several startups, patents were almost completely irrelevant to either the financing or the ultimate fate of the company. Understanding why this was so may offer some insights into both the value and the limitations of patenting.