Connect with us

Technology

SCI Ventures Launches Venture Philanthropy Fund to Accelerate Restorative Treatments for Spinal Cord Injury and a Cure for Paralysis

Published

on

Global early-stage fund to catalyze development of the next generation of treatments

Backers include the leading spinal cord injury foundations in the U.S., U.K., and EU

NEW YORK and LONDON, June 10, 2024 /PRNewswire/ — SCI Ventures, a new venture philanthropy vehicle dedicated to funding and commercializing innovative treatments for spinal cord injury, today announced the launch of its first fund. SCI Ventures’ mission is to advance breakthroughs for people living with paralysis by supporting promising cure-oriented therapies and emerging technologies. The fund launches with $27 million in commitments and anticipates raising $40 million by year-end. 

Spinal cord injury (“SCI”) affects more than 15 million people globally, and options to address the dramatic impact on their quality of life are currently limited.1 Beyond the loss of movement, paralysis impacts bowel, bladder and sexual functions—and comes with massive financial costs. SCI is one of the most expensive medical conditions to manage: average lifetime costs range from $2.9 million for paraplegia and up to $6 million for high tetraplegia.2

SCI Ventures is led by a team of professionals with expertise in venture capital, technology, and science with deep personal connections to the cause and it’s advised by world-class neuroscientists. By serving as an early-stage investor with extensive sector expertise, SCI Ventures aims to catalyze funding for the SCI space. There are many commonalities between spinal cord injuries and adjacent conditions such as stroke and neurodegenerative disorders. Therefore, SCI Ventures is confident the technologies backed by the Fund will yield high impact beyond the SCI community.

The launch of SCI Ventures marks the first time that five of the leading foundations addressing spinal cord injury in the U.S., U.K. and EU have come together in support of a novel investment vehicle. Co-Founders are the Christopher & Dana Reeve Foundation, Wings for Life, the International Spinal Research Trust (“Spinal Research”), the Promobilia Foundation and Shepherd Center. The venture philanthropy fund model was pioneered in SCI by the Christopher & Dana Reeve Foundation, which led SCI Ventures’ first investments in the technology company ONWARD® Medical and AXONIS Therapeutics. SCI Ventures is building on this progress and industrializing the model.

“Recent scientific and technological advancements have made recovery from paralysis a real possibility for the first time in history. However, while treatments to restore function for people with spinal cord injury have shown promise in lab settings, transferring these treatments to clinical settings remains a stubborn barrier,” said Adrien Cohen, Founding Managing Director of SCI Ventures.

“We’re bridging that gap by providing financial and operational support to promising early-stage companies. As an expert investor, we plan to attract more capital to the SCI space by lowering the investment risk through the combined network and knowledge of our backing foundations,” he added.

SCI Ventures is an independently managed fund focusing on seed and Series A financing rounds. It will redeploy 100% of its investment gains into additional companies working toward the mission to cure paralysis. SCI Ventures plans to support up to 20 companies and has already established a growing portfolio of investments, including:

ONWARD® Medical, which provides targeted stimulation of the spinal cord to restore movement and other functions, alone or in combination with brain-computer interface (BCI) technology for thought-driven movementAXONIS Therapeutics, which focuses on advancing drug discoveries for neuron revival and neuromodulationSania Therapeutics, a gene therapy company that can selectively target dysfunctional neural circuits, starting with spasticityAUGMENTAL, which is developing the MouthPad^: an in-mouth interface for hands-free human-computer interaction

“We’re proud to continue innovating and leading in our shared mission to restore function to people with spinal cord injuries and eventually cure paralysis,” said Maggie Goldberg, President and CEO of the Reeve Foundation. “SCI Ventures is a unique model and an opportunity to bring together leaders from across the SCI and paralysis fields to offer resources and expertise that, when combined, can create lasting, positive impact.”

“We have experienced first-hand the immense challenges people with paralysis face each day, so Wings for Life is incredibly proud to be a co-founding member of SCI Ventures and an enabler of breakthrough treatments,” said Anita Gerhardter, Global CEO of Wings for Life. “We see great potential in the emerging companies in SCI Ventures’ portfolio, and we are more confident than ever that people who are injured today will be the first generation that does not have to live with paralysis for the rest of their lives.” 

About SCI Ventures
SCI Ventures is the first venture philanthropy fund focused on innovative therapies for people living with paralysis. Co-founded by leading global foundations and advised by world class neuroscientists, SCI Ventures aims to catalyze the development of the next generation of treatments with an emphasis on technology to restore function and cure-oriented therapies. The fund shares the 501(c)(3) tax-exempt registration of the Christopher & Dana Reeve Foundation. To learn more about SCI Ventures, please visit https://www.sciventures.com. Follow us on LinkedIn here.

Media Contact
Prosek Partners
Pro-SCIVentures@prosek.com

1 https://www.who.int/news-room/fact-sheets/detail/spinal-cord-injury
2 https://www.nscisc.uab.edu/public/Facts%20and%20Figures%202024%20-%20Final.pdf 

View original content:https://www.prnewswire.com/news-releases/sci-ventures-launches-venture-philanthropy-fund-to-accelerate-restorative-treatments-for-spinal-cord-injury-and-a-cure-for-paralysis-302167597.html

SOURCE SCI Ventures

Continue Reading

Technology

Can AI care for us? CNN’s Innovate explores the new frontier of tech in the care sector

Published

on

By

HONG KONG, Oct. 29, 2026 /PRNewswire/ — While artificial intelligence continues to dominate global headlines amid fierce debates over the future of human jobs, a quiet revolution is happening in the United States in the homes of 73-year-old Dee Humphrey and Parkinson’s patient Jerry Feldman — where tech innovations could usher in a new model of care for a sector that often suffers from human staff shortages.

In the upcoming episode of Innovate, CNN travels across the United States to profile the breakthrough AI companions and robots that hold the potential of stepping in to help bridge critical gaps in healthcare, companionship, and physical support — exploring whether technology can truly assist without losing essential human connection and judgment.

The show begins in New York State, where senior citizen Dee Humphrey shares her home with ‘ElliQ’, a lamp-like AI companion that chats, plays games and nudges her to exercise or take her medication. Its creator, Intuition Robotics co-founder Dor Skuler, sees it as a way to support an ageing population. Innovate will seek to answer this question: how can a machine offer companionship without replacing human connection?

The program turns next to Cincinnati Children’s Hospital Medical Center, where nurse Desauna Tabor and her colleagues are helping train ‘Rachel’, an AI telephone assistant they say uncovers families’ needs and frees up time at the bedside. For Hippocratic AI co-founder Munjal Shah, whose mother stopped taking medication without anyone following up, the alternative often isn’t a human calling — it’s no call at all. He believes AI can make abundance in caregiving available “for the first time in human history”, provided it knows when to hand over to a person.

Finally, CNN visits Atlanta, where Jerry Feldman, who lives with Parkinson’s, works with Dr Madeleine Hackney to test ‘ZEST-E’, an exercise robot — and helps researchers understand what users actually need. The show also meets Hello Robot CEO Aaron Edsinger, who wants robots to help when human support isn’t available. For Jerry, that means getting medicine or something to eat when he’s alone and movement is difficult.

The world is changing fast, and emerging technologies are driving the transformation. Artificial intelligence, blockchain, and IoT are just a few of the game-changing innovations that are shaping our lives and revolutionizing how we work, learn, live, and entertain ourselves. CNN’s Innovate series tells the stories behind business ideas, technological developments, and entrepreneurial breakthroughs reshaping our world. Told through a compelling multiplatform approach, Innovate will engage audiences with stories of innovative thinkers from all walks of life who are shaping a better, smarter future for all.

Innovate trailers: https://bit.ly/4iakogb
Innovate images: https://bit.ly/4zNEm6u

Airtimes for Innovate: 
Saturday, 31st October at 6:30pm HKT
Sunday, 1st November at 9:30am and 4:30pm HKT
Monday, 2nd November at 2:30am HKT

About CNN International

CNN’s portfolio of news and information services is available in seven different languages across all major TV, digital and mobile platforms, reaching more than 379 million households around the globe. CNN International is the number one international TV news channel according to all major media surveys across Europe, the Middle East and Africa, the Asia Pacific region, and Latin America and has a US presence that includes CNNgo. CNN Digital is a leading network for online news, mobile news and social media. CNN is at the forefront of digital innovation and continues to invest heavily in expanding its digital global footprint, with a suite of award-winning digital properties and a range of strategic content partnerships, commercialised through a strong data-driven understanding of audience behaviours. CNN has won multiple prestigious awards around the world for its journalism. Around 1,000 hours of long-form series, documentaries and specials are produced every year by CNNI’s non-news programming division. CNN has 36 editorial offices and more than 1,100 affiliates worldwide through CNN Newsource. CNN International is a division of the Skydance Corporation.   

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/can-ai-care-for-us-cnns-innovate-explores-the-new-frontier-of-tech-in-the-care-sector-302923161.html

SOURCE CNN International

Continue Reading

Technology

Can AI care for us? CNN’s Innovate explores the new frontier of tech in the care sector

Published

on

By

HONG KONG, Oct. 29, 2026 /PRNewswire/ — While artificial intelligence continues to dominate global headlines amid fierce debates over the future of human jobs, a quiet revolution is happening in the United States in the homes of 73-year-old Dee Humphrey and Parkinson’s patient Jerry Feldman — where tech innovations could usher in a new model of care for a sector that often suffers from human staff shortages.

In the upcoming episode of Innovate, CNN travels across the United States to profile the breakthrough AI companions and robots that hold the potential of stepping in to help bridge critical gaps in healthcare, companionship, and physical support — exploring whether technology can truly assist without losing essential human connection and judgment.

The show begins in New York State, where senior citizen Dee Humphrey shares her home with ‘ElliQ’, a lamp-like AI companion that chats, plays games and nudges her to exercise or take her medication. Its creator, Intuition Robotics co-founder Dor Skuler, sees it as a way to support an ageing population. Innovate will seek to answer this question: how can a machine offer companionship without replacing human connection?

The program turns next to Cincinnati Children’s Hospital Medical Center, where nurse Desauna Tabor and her colleagues are helping train ‘Rachel’, an AI telephone assistant they say uncovers families’ needs and frees up time at the bedside. For Hippocratic AI co-founder Munjal Shah, whose mother stopped taking medication without anyone following up, the alternative often isn’t a human calling — it’s no call at all. He believes AI can make abundance in caregiving available “for the first time in human history”, provided it knows when to hand over to a person.

Finally, CNN visits Atlanta, where Jerry Feldman, who lives with Parkinson’s, works with Dr Madeleine Hackney to test ‘ZEST-E’, an exercise robot — and helps researchers understand what users actually need. The show also meets Hello Robot CEO Aaron Edsinger, who wants robots to help when human support isn’t available. For Jerry, that means getting medicine or something to eat when he’s alone and movement is difficult.

The world is changing fast, and emerging technologies are driving the transformation. Artificial intelligence, blockchain, and IoT are just a few of the game-changing innovations that are shaping our lives and revolutionizing how we work, learn, live, and entertain ourselves. CNN’s Innovate series tells the stories behind business ideas, technological developments, and entrepreneurial breakthroughs reshaping our world. Told through a compelling multiplatform approach, Innovate will engage audiences with stories of innovative thinkers from all walks of life who are shaping a better, smarter future for all.

Innovate trailers: https://bit.ly/4iakogb
Innovate images: https://bit.ly/4zNEm6u

Airtimes for Innovate: 
Saturday, 31st October at 6:30pm HKT
Sunday, 1st November at 9:30am and 4:30pm HKT
Monday, 2nd November at 2:30am HKT

About CNN International

CNN’s portfolio of news and information services is available in seven different languages across all major TV, digital and mobile platforms, reaching more than 379 million households around the globe. CNN International is the number one international TV news channel according to all major media surveys across Europe, the Middle East and Africa, the Asia Pacific region, and Latin America and has a US presence that includes CNNgo. CNN Digital is a leading network for online news, mobile news and social media. CNN is at the forefront of digital innovation and continues to invest heavily in expanding its digital global footprint, with a suite of award-winning digital properties and a range of strategic content partnerships, commercialised through a strong data-driven understanding of audience behaviours. CNN has won multiple prestigious awards around the world for its journalism. Around 1,000 hours of long-form series, documentaries and specials are produced every year by CNNI’s non-news programming division. CNN has 36 editorial offices and more than 1,100 affiliates worldwide through CNN Newsource. CNN International is a division of the Skydance Corporation.   

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/can-ai-care-for-us-cnns-innovate-explores-the-new-frontier-of-tech-in-the-care-sector-302923161.html

SOURCE CNN International

Continue Reading

Technology

xTool Officially Launches X1: An Upgradable Multi-Laser Platform Engineered for Speed, Versatility, and Business Growth

Published

on

By

Moving beyond traditional wattage wars, xTool’s new flagship platform combines high-speed Galvo with large-format Gantry motion, introducing modular LaserSwap™ technology and Automated Creation System™ (ACS™) to redefine desktop digital fabrication.

MOUNTAIN VIEW, Calif., Oct. 29, 2026 /PRNewswire/ — xTool, a global pioneer in digital fabrication solutions, today announced the official worldwide availability and immediate shipping of the xTool X1, the industry’s first future-proof, continuously upgradable smart flagship laser engraver and cutter. Built to bridge the gap between industrial-grade capabilities and desktop accessibility, the xTool X1 solves hundreds of complex engineering challenges to deliver an all-in-one productivity engine for small businesses, 3D printing enthusiasts, and woodworking makers alike.  

Beyond the Wattage Wars: A Leap in Motion Architecture

For years, the desktop laser industry has been locked in a race toward higher wattage without addressing fundamental workflow constraints. The xTool X1 fundamentally shifts this narrative by proving that the next frontier of laser technology lies in motion architecture rather than simple power upgrades.  

By seamlessly integrating a high-speed Flying-Galvo system with a large-format Dragon-Gantry workspace, the X1 eliminates the age-old compromise between engraving speed and working area. Driving two distinct motion systems through a synchronized 4-axis linkage, the X1 achieves ultra-fast galvo processing without sacrificing the broad spatial range required for large-scale production.  

To guarantee rock-solid precision under extreme operational speeds, xTool engineered the X1 using a 4,000-ton industrial UniCast high-pressure die-cast aluminum frame. This rigid structural foundation, combined with advanced software feathering algorithms, completely eliminates micro-vibrations and visual seam boundaries, ensuring flawless optical alignment across both flat and 3D surfaces.  

“Users see a seamless ‘Place & Go’ experience on the surface, but under the hood, the X1 solves hundreds of optical, algorithmic, and mechanical variables,” said Jessie Liu, President of xTool. “The future of desktop fabrication is not about replacing machines every time your business expands; it’s about system-level upgrades. X1’s true strength isn’t just a single laser beam—it’s the ability to make multiple laser sources work together in perfect harmony.”  

LaserSwap™ and Automated ACS™: True System-Level Upgradability

At the heart of the X1 platform is the proprietary LaserSwap™ modular ecosystem. Starting with a high-capacity 55W CO2 module or a hybrid 55W CO2 / 20W Diode setup, users can effortlessly expand their capabilities through quick-connect “backpack” laser modules. The system supports optional 30W Fiber, 60W MOPA, and 5W UV lasers, enabling users to perform deep metal engraving, vibrant color marking, and delicate non-thermal surface processing without buying standalone machines.

Complementing its multi-laser capability, the X1 introduces the Automated Creation System™ (ACS™) to put laser processing on autopilot. Delivering an unprecedented “Place & Go” workflow, ACS™ combines an integrated triple-camera system that pinpoints material positioning with sub-millimeter precision, and an AutoLift Base that automatically adjusts bed height. This hands-off automation eliminates guesswork, manual setup, and tedious focusing, drastically elevating creator productivity.

Unlocking New Workflows Across Communities

The xTool X1 is specifically designed to overcome material limits and unlock new commercial opportunities across diverse creative sectors:  

The Ultimate Companion for 3D Printing: While 3D printers excel at complex volumetric geometries, they struggle with structural paneling and fast production. The X1 serves as the perfect companion machine, cutting rigid structural components in wood, acrylic, or leather, while applying high-resolution UV or laser marking directly onto PLA and resin models.  A High-ROI Growth Engine for SMBs: Designed for home decor studios, signage makers, and custom gift shops, the X1 operates as an efficient “one-person factory”. Its rapid batch-engraving speeds and multi-material versatility drastically reduce production lead times, allowing small businesses to expand their product SKUs and achieve rapid return on investment.  Empowering Woodworking & DIY Makers: For artisanal woodworkers, the X1 seamlessly merges natural materials with precise metal accents. From customized home and garden decor to intricate woodworking projects, the platform handles mixed-material crafting with effortless consistency.

Technical Difficulty: Laser Innovation vs. 3D Printing

Developing the X1 required overcoming engineering hurdles that far surpass conventional digital tools. While 3D printing primarily manages material extrusion and thermal dynamics, multi-laser hybrid platforms demand extreme optical precision, real-time light path alignment, multi-axis motion synchronization, and complex blending algorithms. The X1’s success establishes xTool’s undeniable technical leadership in mastering these industrial-grade challenges for the desktop market.  

Pricing and Availability

The xTool X1 is available for purchase starting today on the official xTool online store, featuring limited-time launch pricing across multiple configurations:  

X1 Single CO2 (55W CO2): $3,399X1 CO2 + Diode Galvo (55W CO2 + 20W Diode Galvo Module): $3,999X1 CO2 + Diode Galvo + Fiber (Includes 30W Fiber Laser Source): $5,799X1 CO2 + Diode Galvo + UV (Includes 5W UV Laser Source): $6,499X1 CO2 + Diode Galvo + MOPA (Includes 60W MOPA Laser Source): $6,679

To learn more about the xTool X1, explore detailed technical specifications, or place an order, please visit: xtool.com.

About xTool

xTool is a global premium consumer-tech brand dedicated to empowering digital-to-physical creation. As the world’s largest and fastest-growing laser engraver innovator, xTool provides a comprehensive ecosystem of laser-based personal creative tools, material printers, user-friendly software, accessories, and consumables. Through these innovations, xTool empowers creators to turn imagination into meaningful creations that deliver emotional fulfillment, commercial success, and personal achievement. Discover more at xtool.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/xtool-officially-launches-x1-an-upgradable-multi-laser-platform-engineered-for-speed-versatility-and-business-growth-302923167.html

SOURCE xTool

Continue Reading

Trending