Prem S. Paul Innovator of the Year
NUtech Ventures
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11/01/2019
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The Prem S. Paul Innovator of the Year award went to Shane Farritor, chief technical officer of Virtual Incision and Lederer Professor of mechanical and materials engineering. The award recognizes an individual who exemplifies innovation and entrepreneurship by advancing novel research into significant commercial use.
Farritor is a co-founder of Virtual Incision, a university spin-off company developing miniaturized robots for general surgery abdominal procedures, such as colon resections. The company has more than 140 issued patents and patent applications, and has raised millions of dollars to advance its technology.
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- [00:00:00.149](calming music)
- [00:00:03.140]The main focus of our work is to build robots for surgery.
- [00:00:06.740]We're focused first on a procedure called colon resection.
- [00:00:10.240]It's been a long road here.
- [00:00:12.490]I first met my co-founder, Dmitry Oleynikov, in 2001.
- [00:00:16.680]We performed research as faculty at UNMC and UNL,
- [00:00:21.270]really now for almost 20 years.
- [00:00:24.020]We're getting to a point where
- [00:00:24.980]we think our robots can really have an impact.
- [00:00:28.010]We're doing a lot of testing now
- [00:00:29.500]in preparation for an FDA filing,
- [00:00:31.770]and we hope to have these
- [00:00:32.820]out in the market in the next few years.
- [00:00:35.560]The core difference with our approach
- [00:00:37.220]as opposed to other people making surgical robots
- [00:00:40.620]is that we have small robots that go inside the body.
- [00:00:44.120]There's a lot of companies out there
- [00:00:45.960]trying to make big robots on the outside,
- [00:00:48.870]big as a refrigerator,
- [00:00:50.040]maybe a couple of refrigerators in size,
- [00:00:52.230]and we just think that's too complicated and too difficult.
- [00:00:55.180]So our robots are simple and elegant,
- [00:00:57.800]and again, they're inserted into the body,
- [00:00:59.650]and it's like we've shrunk the surgeon down,
- [00:01:01.140]and put them where they want to be.
- [00:01:02.680]So we're sitting here in a start-up company
- [00:01:04.760]called Virtual Incision,
- [00:01:06.190]that's trying to commercialize the technology
- [00:01:08.340]developed in our research at the university.
- [00:01:10.930]There's something like three to four hundred thousand
- [00:01:12.860]colon resections per year in the US,
- [00:01:15.290]and maybe 60, 70 percent of those
- [00:01:17.350]are done with a big, open incision.
- [00:01:19.820]Your hospital stay is 10 days.
- [00:01:21.800]And we want to do them with our robot,
- [00:01:23.860]and we think we can get you out of the hospital
- [00:01:25.440]in two or three days.
- [00:01:26.690]So if you can take 300,000 people in the US,
- [00:01:29.670]and change them from 10 day stay in the hospital
- [00:01:31.870]to three day stay in the hospital,
- [00:01:33.430]we think that's a pretty big deal,
- [00:01:34.710]and a good reason to get up in the morning.
- [00:01:37.070]Both the Army and NASA has sponsored our work.
- [00:01:40.160]Both of those organizations
- [00:01:41.470]want to do surgery in crazy places,
- [00:01:43.570]and they think our small robots
- [00:01:45.346]might be applicable to their problems.
- [00:01:47.460]And we want to make surgery less invasive
- [00:01:50.600]and less troublesome for the patient,
- [00:01:52.360]easier for the doctor.
- [00:01:53.980]We want to make it less expensive.
- [00:01:55.360]We want to reduce hospital stays
- [00:01:56.800]and all kinds of costs.
- [00:01:58.380]There's lots of reasons we think we'll have a big impact.
- [00:02:01.710]The university and New Tech and UniMed
- [00:02:04.170]have all been great partners in our work over the years.
- [00:02:07.100]So, I think we're pushing 100 patents issued,
- [00:02:12.060]based on the work in university,
- [00:02:13.520]that's all managed through New Tech and UniMed.
- [00:02:16.100]We're sitting here on Innovation Campus in our new facility
- [00:02:18.780]that's a great partnership with UNL.
- [00:02:21.610]So I'm just really thankful for the support
- [00:02:23.660]we're getting across all the campuses,
- [00:02:26.400]in particularly for New Tech.
- [00:02:28.210]I like doing this work a lot.
- [00:02:29.670]I like being an engineer.
- [00:02:31.980]Engineering combines the creativity kind of side of you
- [00:02:35.020]with the analytical math/science side.
- [00:02:38.210]We build a lot of things here,
- [00:02:40.040]and I love building things,
- [00:02:41.550]and we've got a great team.
- [00:02:42.870]So, we get to work with really talented engineers
- [00:02:45.500]and really talented clinicians.
- [00:02:48.090]It really covers a lot of different areas,
- [00:02:50.400]the work we're trying to do.
- [00:02:51.450]So, bringing all that together is a lot of fun.
- [00:02:54.373](calming music)
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