NASHUA — Two startup companies are being offered one year of free office space at the Nashua Technology Park after winning a challenge from the John Flatley Co.
TendoNova, an Atlanta-based company, and XOGO, a Seattle-based company, will now expand their footprints into the Granite State with an office at the technology park community at Gateway Hills.
This is the seventh year of the Flatley Challenge, which provides winners with 5,000 square feet of office space and a $10,000 cash prize to help with business costs. The program is designed to assist entrepreneurs in the fields of information technology, communications, robotics and other leading-edge technologies.
“We are happy to be a part of supporting these two companies. It is great to see technology helping people, and it is something we feel good about,” John Flatley of the Flatley Co. said during Wednesday’s award ceremony at the Nashua Technology Park Conference Center.
Roy Wallen, CEO of TendoNova, said his company is thrilled about winning the MedTech category of the Flatley Challenge. TendoNova is developing a suite of specialized tools, including its Ocelot system, which is a hand-held device with a single-use disposable component that helps address chronic tendon pain.
With about 30 million people in the United States suffering from tendinopathy, physical therapy is often not enough, according to Wallen. The product is now in its design phase, and the company is trying to execute the program.
“We are now looking for people to join us. We are starting to build out the organization that will be based here in Nashua,” said Wallen, adding TendoNova will be seeking $1.2 million for clearance from the Food and Drug Administration, as well as market launch.
Ray Abel, CEO of XOGO, said it is an honor to be recognized as this year’s HiTech winner of the Flatley Challenge. XOGO is a hardware device with connected software that allows customers to use and connect to any devices for people with disabilities, the aging population and really anyone who wants to maximize their technology, according to Abel.
“We came up with a solution that simplifies tech for all three users,” he said, adding people can now finally be connected to the technology around them, including people who use wheelchairs.
To date, XOGO has completed its minimum viable product hardware, software, iOS app, initial backend software, first private sales and first corporate sales, according to Abel. It also has a proof of concept in place with Comcast, completed four pilot tests, is trademark registered and just last week obtained its utility patent. Abel said he is looking forward to bringing universally accessible technology to New Hampshire and elsewhere.
Flatley spearheaded its challenge seven years ago to help promote and grow employment in New Hampshire, and stimulate growth of early-stage companies with first-class workspace next to larger companies such as Dell and Skillsoft.
As a result of this challenge, along with other innovative approaches, Mayor Jim Donchess said the Flatley Co. has helped to find employers willing to move to Nashua, which has resulted in several thousands of jobs throughout the past several years. Also recognized on Wednesday were runner-ups BioIntelligence Technologies Inc. and Blocksyte.’