JettStream, of Bend, is the winner of the $220,000 top investment at the Southern Oregon Angel Investment Conference today in Jacksonville.
The firm has developed a device to administer nebulized asthma medication to sleeping patients.
Sarah Cota, developer of the JettStream JettPak, created the device for her son Jett.
"He's our guinea pig," Cota said.
She explained that she took him to the emergency room 18 times prior to introducing the prototype. "Since we began using the prototype we haven't had to take Jett to the emergency room."
The two-year-old Central Oregon company has patients signed up for clinical trials at St. Charles Medical Center in Bend. Trials have been launched overseas as well.
The $200 device has been through tests and its patents are pending. It can be used for a variety of diseases, but childhood asthma is first step.
The company reported raising $200,000 already through a convertible note and plans to raise another $550,000.
This is the third annual Southern Oregon Angel Investor conference, connecting early stage and seed businesses with angel and venture investors in southern Oregon.
— Greg Stiles