Device Company Wins MIT $50K Entrepreneurship Competition

For the fourth year in a row, a medical device company has won the Robert Goldberg Grand Prize in the MIT $50K Entrepreneurship Competition held at MIT. Balico, who has designed a wearable, vibrotactile balance aid that will benefit aging adults and individuals whose primary sensing systems are affected by disease, was awarded $30,000 in start-up money.

TMCnet (http://www.tmcnet.com/usubmit/2005/May/1142509.htm)