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NE startup Vivaspire wins $50,000 Venture Creation Fund prize

Thursday, June 8, 2017

Congratulations to Vivaspire founders John Grousopoulos, Mostafa Saquib and Chris Hajduk, as well as their fellow NE Capstone Design project team member Pablo Enrique, for their award-winning concept: a lightweight oxygen therapy delivery device that uses nanotechnology to capture, store and deliver oxygen.

Vivaspire won one of two $50,000 awards provided by the Palihapitiya/Lau Venture Creation Fund. Each year the fund, launched in 2014 by Waterloo Engineering Alumni Chamath Palihapitiya and Brigette Lau, supports two University-selected Capstone Design teams whose intention is to transform their Capstone Design project into a promising startup post-graduation

Vivaspire’s proof of concept technology demonstrates that their nanoscale powder can absorb oxygen from the air and release it again. They will use the infusion of cash from the Venture Creation Fund award to develop a working prototype that will bring them another step closer to their vision of delivering a sleek, unobtrusive and wearable oxygen delivery device for people with conditions such as chronic obstructive pulmonary disease, cystic fibrosis and lung cancer.

Read more about Vivaspire, and their fellow $50,000 Palihapitiya/Lau Venture Creation Fund award winner, Vena Medical.

John Grousopoulos, Mostafa Saquib, and Chris Hajduk

Nanotechnology Engineering students John Grousopoulos, Mostafa Saquib, and Chris Hajduk. 

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