A Stand-Out Star, Cortical Dynamics' Awards and Accolades

Cortical Dynamics Limited, an Australia based medical device technology company, incorporated in 2004, stands out like a star amid the EEG-based anaesthesia monitoring space with its core- product, the next generation brain function monitor - Brain Anaesthesia Response Monitor (BARM).

To address the significant unmet need in the global market, BARM is designed to better detect anaesthetic agents’ effect on patients’ brain activity, thus helping anaesthetists in keeping them optimally anaesthetised during the major surgery.

Cortical’s versatile industry-disruptive technology is focused on the real-time analysis of the patients’ electroencephalogram (EEG) using a patented algorithm based on a mathematically and physiologically detailed understanding of a patients’ brain’s rhythmic electrical activity using two unique BAR indices – Composite Cortical State (CCS) and Cortical Input (CI).

Lens over Cortical’s Awards and Accolades:

Cortical’s focus is to expand its commercialization of the BARM System in Australia and New Zealand, together with the key global markets of Europe and Asia. Two international distribution agreements have already been secured by the company, taking BARM from Australia to Europe and Asia. The visibility of BARM across the globe is well supported by the significant milestones achieved by Cortical during its journey.

A Feather in Cortical’s Hat - Winning Advanced Manufacturing Award:

In the extremely competitive Australian technology space, Cortical Dynamics emerged as the winner in the Advanced Manufacturing category at the prestigious Australian Technologies Competition (ATC) awards in November 2016.

The company also stood as Runner Up Australian Technology Company of the Year amid over 130 companies. A Runner Up in the Med Tech and Pharma category, after being shortlisted as one of the three finalists in the respective award category, which were industry leading innovators with an ability to become game-changers across the skills intensive industries that would forge Australia’s spot in the universal high-tech markets.

Established as Australia's premier technology accelerator, the Australian Technologies Competition is a prestigious contest that provides mentoring for state-of-the-art SMEs and honors those with the greatest potential to develop into international success stories. Awards and accolades received in this competition provide validation of a company’s pioneering technology. The ATC Business Accelerator helps good technologies blossom into great businesses.

Important facts to note about ATC 2016 are-

• ATC generated over $250 million in investment and project opportunities for Australian SMEs.
• Attracted more than 700 entries.
• Benefitted 125 companies from this mentoring program.

It is to be noted that, currently all the key product components of BARM are subcontract manufactured from globally certified and approved medical manufacturing facilities.

Awarded WA Innovation Vouchers:

In February 2012, the company was advised by the Western Australian Department of Commerce regarding its successful application for the Innovation Vouchers Program, designed to provide financial aid to professional skills or services helping innovative products turning into commercial reality.

Finalist in the Australian Innovation Challenge:

In December 2011, Cortical secured a spot as finalist under the health category (innovations leading to the prevention, diagnosis and treatment of disease, and the enhancement of quality of life through good health) in the Australian Innovation Challenge, a multiple category competition helping the commercialisation and /or adoption of country’s best ideas. This challenge was funded by The Australian in association with Shell, supported by the Commonwealth Department of Innovation, Industry, Science and Research.

BARM Featured in Swinburne University of Technology Magazine:

In March 2011, a report highlighting Cortical Dynamics’ industry-disruptive product BARM was published in the Magazine of Swinburne University of Technology.

Moreover, Cortical Dynamics has also received significant recognition from the Government Sector that led to award funding of $407,000 during its entire journey so far. These acknowledgments include:

Source: Offer Document

Cortical’s Awards at Glance:

The company intends to strategically build a robust rapport with key distributors to drive product sales and support via a strong management team to develop a cohort of early adopters, through pilot usage of the BARM system. In addition, the company remains engaged in conducting formal clinical trials and publish the results to substantiate the utility of the system further.

Presently, Cortical Dynamics is involved in the commercialisation of its innovative and versatile technology. Its directors are of the belief that the success of Cortical’s BARM system is authenticated by the numerous awards and recognitions achieved, together with the extensive global patent coverage, clinical trials and regulatory approvals, making Cortical a rising star in the burgeoning medical technology space.

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