Hartford, Connecticut—December 12, 2019— Lactation Innovations today announced it has received a seed investment from GTT Group’s Ideaship, a patent leveraged venture capital fund that provides patent development support for pioneering entrepreneurs. The investment will assist patent portfolio development that will fundamentally change the nature and quality of the lactation support relationship between point of care specialists, mothers and their newborns.
“As soon as we met Brittany and Jayme, founders of Lactation Innovations, we knew that we were involved in technology that could dramatically improve the lactation ecosystem and health of newborns,” remarked Michael Lubitz, GTT Group Founder and Managing Director.
“Lactation Innovations’ technology has the potential to improve the relationship between lactation professionals and their patients,” said Kazutoshi Yasunaga, IP Specialist for Ideaship and Director for Panasonic Intellectual Property Corporation of America.
“Ideaship has brought significant resources to our start-up as we work to curate a foundational patent portfolio around our ground-breaking technology and as we transition from incubator to our first institutional investment round ” remarked Brittany Molkenthin, co-founder and CEO of Lactation Innovations.
About Lactation Innovations
Lactation Innovations develops technologies to encourage optimal breastfeeding experiences for infants and mothers. Its first product, Manoula, is a safe and convenient point of care, including home use, medical device that accurately measures the quantity of breastmilk consumed by an infant. Lactation Innovations’ promise is to significantly reduce anxiety around breast feeding while increasing the adoption and the quality of the total lactation experience. For more information, please visit https://lactationinnovations.com.
Ideaship provides patent development capital for early stage ventures.
Ideaship is a collaboration between Global Technology Transfer Group (GTT Group) and Panasonic Intellectual Property Corporation of America. Ideaship combines the expertise and experience of GTT Group’s patent analysis, valuation, and monetization practices with Panasonic Intellectual Property Corporation of America’s leading patent department to achieve enterprise value premiums.