A year after announcing his plans to open a company that will make it easier to use smartphones and other wearable devices, Bill Gates’ youngest son has launched a company in the US that could eventually transform the healthcare industry.
The New England Organics Group (NEOG), which has a new name, aims to be the world’s first, fully autonomous, wearable device manufacturer.
GE Healthcare, which is the largest health care provider in the country, already uses wearable technology for its own devices, including its bioelectronic pacemaker.
GE has been developing the device, which uses sensors and wireless communications to send signals to the wearer.
The new company is a joint venture between GE Healthcare and the New England Bioelectronics Company, which manufactures the devices, according to a statement from NEOG.
The announcement comes just one week after Bill Gates told reporters that his son, Eric, would launch his company, called Biobio, “within a year.”
The announcement came on the heels of a conference call where Eric Gates said that he would use the opportunity to create a biotechnology company that would be the first to commercialize wearable devices.
“We’re really excited to see this technology and how it can be used for the world,” Bill Gates said.
“And that’s what we think Biobia can be.
We think it can help change the way we manage disease and the way people live their lives.”
The company is in talks with some of the world\’s top pharmaceutical companies about developing a version of Biobian, he said.
GE Healthcare said that Eric Gates had no role in any decisions made during the call.
“Bill Gates and his son Eric will continue to pursue opportunities in the healthcare space and to be active participants in this space, including in this new venture,” the company said in a statement.
“GE Healthcare is committed to supporting the development of new technology and will continue supporting Biobios products and services.”
The announcement also comes amid the growing attention being given to health care and biotechnology in the wake of the deadly pandemic.
Earlier this week, the president of GE Healthcare joined a summit in Washington DC on health and innovation to address how the company and its subsidiaries are using new technology to make a difference.
“I think the big challenge is how do you get to the tipping point, where we get to where we can change everything and we can go to zero waste, and that\’s a pretty big thing,” Eric Gates told Bloomberg Businessweek earlier this month.
The company’s latest announcement follows a call by Eric Gates to a summit of the American Medical Association in Washington last week, in which he said that wearable devices could transform the health care industry.
“It is time to look at what the future holds and be more transparent about how we can do it,” Eric said, according with the Associated Press.