Angott Medical Products raises $1.5M for breast cancer screening machine

Angott Medical Products is a start-up with a very personal story.Paul Angott, the president of the Bloomfield-based firm, came up with the idea of a new breast cancer screening machine about 20 years ago when his mother first developed breast cancer. Her death a few years ago prompted the serial entrepreneur to make that new device a reality through Angott Medical Products.”It was a painful and horrible death for her,” Angott says. “She fought breast cancer for 20 years.”Angott Medical Products’ breast cancer screener is a non-invasive and radiation-free device that is simple enough that it doesn’t require a highly trained specialist to interpret the results. He has secured 40 patents and raised $1.5 million to develop the device. He hopes to finish the first prototype by the first quarter of 2011 and have it on the market by the second quarter of 2012.The 3-year-old firm employs a team of about a dozen people. That team recently made the semi-finals of the Accelerate Michigan Innovation Competition. Angott hopes to get even further in it next year.”We thought we did really well,” Angott says. “We hoped to make the Top 10 but there was some stiff competition.”Source: Paul Angott, president of Angott Medical ProductsWriter: Jon ZemkeRead more about Metro Detroit’s growing entrepreneurial ecosystem at SEMichiganStartup.com.