The problem we solve: • There are 30m – 40M vein punctures everyday worldwide. • Locating a vein to insert a needle can be difficult in any patient, but they are very difficult when the patient is very young, aged, obese or has very dark skin. • Over 300 million IVs are placed by paramedics in the EMS setting each year in the USA. Of these IVs, an average of 28% are placed incorrectly, causing multiple needle sticks, patient discomfort, an increased risk of infection, and delays in medical treatment. • Locating a vein to insert a needle can be difficult in any patient, but they are very difficult when the patient is very young, aged, obese or has very dark skin. • Care delays occur in approximately 25 percent of all patients regardless of care setting due to the inability to establish IV access. • Drawing blood or placing an IV is very difficult if the patient has diarrhea, is very young, is very old, or the veins have collapsed due to dehydration.
About our solution: The solution – Vein-Eye® CARRY • Industry forecasts are that “image guidance systems” will increase the success rate of IV placements in difficult patients by 50% - 80%. • The Vein-Eye® CARRY allows for: o The visualizing of the vein in patients where the veins are not visible, o Stress free puncturing of the vein on the 1st attempt, o The monitoring of the needle in the vein. • The Vein-Eye CARRY performs extremely well even with patients who have excess hair, dark skin or collapsed veins. • The Vein-Eye CARRY shows real-time video of the entire arm and hand, allowing to see the direction of the vein and avoid puncturing a vein. • The Vein-Eye CARRY will be used by hospitals, the VNA (Visiting Nurse Association), mobile healthcare practitioners, nursing homes, assisted living facilities, ambulances and anywhere quick and accurate vein punctures are required.Progress to date:
Creator: Michael Feeney
Education: Northeastern University, Boston
Bio: After spending over 14 years in optical networking sales, I became intrigued with optics in medicine. I could not understand why we could not see more in the human body by using fiber optics, and thus avoid diagnostic surgeries. I began NII in December, 2009, with not much money but a ton of desire and energy. Our goal was, and still is, to develop a handheld, non-contact, non-invasive, handheld devices that combines optical imaging with ultrasound to detect real-time bleeding in the brain. After a number of years of unsuccessfully working to obtain funding for this technology, we developed the vein illumination technology, which will benefit the lives of every patient on the planet.
Hospital Affiliation: Lawrrence Livermore National Laboratory
Advanced Degree(s): MS
Projected 3 Year Growth
Year Unit Sales Total Revenue NII ‘s Profits EPS
1 5,000 $6M $2M $.40
2 10,000 $12M $5 $.80
3 30,000 $36M $15M $2.40
4 100,000 $109M $20M $4.00
5 200,000 $180M $50M $10.00
NII’s Vein-Eye™ was released in 2014 and is a great tool for sclerotherapy. Below is a video performed by a Cardiologist, Dr. Srivatsa.
The video below is of an average Asian patient with the new Vein-Eye CARRY.
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