GoFundMe campaign to drive prototype development, patent fees
Davenport SAF-T Systems, developer of the SAF-T VEST, has launched a GoFundMe campaign to aid in the development of this innovative, wearable technology. The crowdfunding campaign, called “Stand Up for Fall Protection, has set a goal of raising $5,000.
“We’re just so amazed and thankful for the support we’ve already received,” said Ryan Davenport, vice president, Davenport SAF-T Systems. “We believe in this technology and the fact that so many folks are getting behind us and spreading the word about our campaign confirms just how much our solution is needed.” Donations will help defray costs associated with engineering and patent fees. Learn more about the campaign.
Nationwide poll reveals widespread concern among seniors about risks of fall injuries; support for a solution
MINNEAPOLIS (Nov. 8, 2019) A survey commissioned by Davenport SAF-T Systems reports strong awareness of the problem of injuries from falls, and a willingness to consider the potential of a new, wearable solution.
Nearly 400 adults ranging in age from 45 to 75 and above from across the country were asked about their level of concern for fall injuries and their impressions of the potential for a wearable fall protection solution.
Among the key findings: More than 8 in 10 adults age 45 to 75+ reported concern about the risk of a fall injury—either for themselves or for a loved one. About 77% of those surveyed believed the SAF-T VEST, as described, could reduce fall injuries. Further, 67% of adults age 55 to 75+ reported they would consider wearing the SAF-T VEST to protect them in a fall. And among adults age 45-54, 44% said they would recommend the device to a loved one.
Finally, perhaps most compelling, a full 90% of those surveyed considered the SAF-T VEST to be “new and different” from what is currently available.
The survey, conducted in July, involved 383 adults. Results were considered accurate to within +/- five percentage points.
Davenport SAF-T Systems named semifinalist at 2019 MN Cup competition
MINNEAPOLIS (June 28, 2019)–Davenport SAF-T Systems was named a semifinalist at MN Cup, an annual competition of emerging Minnesota entrepreneurs. With nearly 1,000 entrants, the company is among just 88 start-ups selected to advance to the semifinal round.
“MN Cup has been a great experience for us,” said Ryan Davenport, VP at Davenport SAF-T Systems. “We’re honored to be advancing to the semifinal round of competition, but the best part of this experience is meeting so many talented people developing such great ideas. The support and knowledge we’re gaining is tremendous.”
MN Cup was established in 2005. It is a program of the Holmes Center for Entrepreneurship at the Carlson School of Management. Entrepreneurs from across the state participate in MN Cup for a chance to win cash prizes. The program also connects these new businesses with tools, resources and support to launch and accelerate the development of their new ventures.
Davenport SAF-T Systems is competing in the Impact Ventures division, for start-ups pursuing goals that would benefit a large segment of society.
This is the first year Davenport SAF-T Systems has participated in MN Cup. The company was established in January 2017 by Jay A. Davenport, M.D., an orthopedic surgeon from northern Minnesota. Dr. Davenport is developing a wearable technology–a smart vest–that is designed to reduce injuries from falls.
The SAF-T VEST(TM) is patent pending. The company is seeking capital to build working prototypes. In early April the company resubmitted a federal Small Business Innovation Research (SBIR) grant application to the National Institutes of Health (NIH) to help pay for costs associated with prototype development and early testing. The company’s original grant request was submitted in 2017. Although the application was not funded at the time, Davenport received positive and constructive feedback for the device’s novel approach to reducing injuries from falls.
In August, the company will submit a formal business plan, an investor slide presentation and a one-minute video to MN Cup. The materials will be formally reviewed by judges. The top three entrants in each division advance to a final round of competition.