The New Venture Development is currently working with a number of UMass Lowell startups.

Incubated In-House

  • AquaTerrene - AquaTerrene is development a portable probe that can perform quick, on-site water analysis, determining concentrations of heavy metals, sediments and soil in samples. The company is currently testing its device out in the field.

  • Raywatch - Raywatch is currently development a flexible thin film radiation detector for applications in the medical radiation diagnostics and therapeutics space as well as for homeland security, and defense.

  • Visium Medical - Visium Medical is developing a disposable, low cost, Catheter-based Ultrasound (CBU) platform with first focus on a novel catheter that generates Ultrasound images and monitors temperature from the distal tip. These probes are easy to integrated and to maintain smaller size diameters than other US catheters. Visium Medical will prioritize the cardiology segment, specifically the Afib Ablation segment providing more minimally invasive devices and integration of diagnostic capability with surgical devices for cardiology.


  • Invitrometrix - Invitrometrix is working on game-changing technology for the pharmaceutical industry.  They are developing cell-based sensors that can monitor real-time biological changes, in response to different drugs. The device allows for research on various types of cells, like normal, healthy cells or cancer cells, to pinpoint potential side effects of drugs early on.

Licensed Start-Ups

CompanyProduct/UseYear LicensedStatus
Anterios ("Encapsion")Nano-emolsion delivery system for facial filler2006Equity paid out; license assigned to Allergan (Aquired 2016 by Actavis/Allergan)
AnVil Informatics Inc.Data exploration & informatics2000Closed
Applied NanofemtoInfrared sensing2014Active
Eirion (Anterios spin-out)Nano-emulsion dliverey system2016Active
Immunotrex Educational, Inc.NanoKit(TM) nanoparticle technology education2015Active
Konarka Technologies (now closed)Solar power cells2001Closed
PolnoxAntioxidants for Materials2004Closed; revived w/o UMass Lowell IP
Radect, LLCRadiation detection, Homeland security2016Active
Sabin Design/OrthocloseMedical/surgical device2014Closed
Sevo Nutraceuticals (AVIC LLC)PerceptiveR - CNS health dietary supplement2012Active
Solargasoline, LLCAlternative fuel source2016Active
Weave Visual Analytics Inc.Wave Software, data visualization2015Active

For information on any of these companies please contact Arlene Parquette.