MedTech Innovator announces five finalists in competition

September 23, 2019 By Danielle Kirsh Leave a Comment

MedTech Innovator last week announced the five finalists for its $500,000 competition.

The organization will award more than $500,000 in prizes to the finalists with first place taking $350,000 and the four remaining finalists taking $25,000.

Five finalists will have seven minutes to pitch their technologies to a panel of four judges. The audience will then vote in real-time following the presentation to select the winners.

Finalists include Flosonics Medical (Sudbury, Canada), Forest Devices (Pittsburgh), Koya (San Francisco), OncoRes Medical (Perth, Australia) and Venari Medical (Galway, Ireland).

Judges in this year’s competition include Christos Monovoukas, global leader of mergers and acquisitions/business development at Olympus; Jennifer Kozak, VP of new business development at Johnson & Johnson; Heather Walsh, director of external innovation at Baxter International and Sean Coyer, leader of digital health innovation and ventures at Gore Innovation Center.

“Each year, the audience at The MedTech Conference is faced with the difficult decision of choosing only one winner out of a group of impressive and transformative startups, and this year will be no exception,” CEO of MedTech Innovator Paul Grand said in a news release. “Even though only one company is voted the grand prize winner, all 50 companies in the 2019 cohort are on an important path to improving patient lives and the healthcare system as a whole through their innovative technologies.”

Over 800 applicants applied to the nonprofit startup accelerator’s MedTech Innovator 2019 competition. The organization along with senior leadership teams from its corporate partners and over 200 industry judges evaluated over 150 candidates in person out of the over 800 applicants from 34 countries and 45 states. The list was narrowed down to 50 companies that were selected to participate in the MedTech Innovator Showcase program and 25 of the companies received a place in the MedTech Innovator Accelerator program.

For the last six years, MedTech Innovator has reviewed more than 3,000 startups and 185 companies have gone on to raise more than $1 billion in funding to bring 37 products to market. The MedTech Innovator organization works with stakeholders in the medtech industry to help early and mid-stage startups grow.

MedTech Innovator will hold its 7th annual MedTech Innovator competition on Sept. 24 at the MedTech Conference in Boston.

Here are the five finalists and the technology they are touting.

Next >>

Pages: 1 2 3 4 5 6

Medline reopens Illinois medtech sterilization plant
Medline Industries resumed sterilization operations at its Waukegan, Ill., plant on Friday, following state certification of the company’s $10 million in emission-control upgrades, the company announced. The Waukegan plant reopening follows the decision this week by officials in Cobb County, Ga., to allow an Atlanta Sterigenics EtO plant to reopen for 21 days to sterilize… […]
DeviceTalks Weekly Podcast: Deconstructing medtech’s alphabet soup – DPA, MDR, FDA are all in the news
In this week’s DeviceTalks Weekly, we’ll examine how governmental effort, both foreign and domestic, are hitting the medtech industry. Our guests include Tracy Eberly, CEO of Fang Consulting, a regulatory advisory group. Eberly will update listeners on what pushing back the MDR deadline could mean for medtech companies and why some companies may be less than… […]
AdvaMed: Invoking Defense Production Act could hinder U.S. medtech imports
Forcing manufacturers to repurpose their production lines to make equipment to fight the coronavirus epidemic might actually hurt the U.S. supply of those items, the head of medtech trade group AdvaMed said today. AdvaMed officials have talked with U.S. secretary of Health and Human Services Alex Azar and FDA commissioner Dr. Stephen Hahn about medtech… […]
March 2020 Issue: Is software key to medical 3D printing innovation?
What’s the word on ethylene oxide? The coronavirus pandemic has pushed a lot of news out of people’s minds, but medtech has other big issues to deal with. For instance, 8 months have passed since the FDA issued a public challenge for alternatives to ethylene oxide (EtO) as a sterilant for medical devices. As I… […]
GE Healthcare quadruples ventilator production at Wisconsin plant
General Electric Healthcare (NYSE:GE) this week announced that it is doubling its production capacity for ventilators and expanding its Madison, Wisconsin, production line to 24-hour operation. In a report on GE’s website, the company shared that it has doubled its capacity of ventilator production with plans to double it again by the end of the second… […]
FDA issues FAQ on 3D-printed equipment against coronavirus
Intrepid 3D printing companies and individuals who want to print masks, gowns and other personal protective equipment (PPE) to fight the coronavirus pandemic might want to take a look at the FDA’s new frequently asked questions page on the topic. While it says it welcomes coronavirus-fighting efforts, the agency said that 3D-printed masks are unlikely… […]
Software is enabling medical 3D printing innovation: Here’s how
The 3D printers themselves get a lot of attention, but for 3D-printing to become ubiquitous in the medtech space, software will have to play a key role. A 3D printer without software to tell it where to place the material is a really nice, expensive coffee table, according to Scott Rader, a former Stratasys GM… […]
This open source ventilator hackathon could help fight the coronavirus
Infineon engineers developed a 3D printed lung ventilator to help address the shortage of ventilators due to the COVID-19 pandemic. The German federal government held a hackathon called #WirvsVirus (“We against the virus”) where 42,000 people met to find solutions to challenges from the coronavirus. Infineon engineers, led by Mahmoud Ismail who has a doctorate… […]
Could these DIY ventilators stop coronavirus from killing people?
Amid the global crisis caused by the coronavirus pandemic, hospitals and healthcare facilities are reporting shortages of vital equipment that not only keeps the patients safe, but the staffers, too. One important device for which demand has ramped up is ventilators for patients who need assistance with their breathing due to the respiratory effects of… […]
DIY ventilators? Not unless there’s a zombie apocalypse.
News reports of the COVID-19 virus have given a lot of space to the shortage of respiratory ventilators. The Society of Critical Care Medicine claims at least 950,000 U.S. patients could need ventilators but hospitals only have 160,000. One response to statistics like these has been a movement among open-source promoters to initiate community-designed ventilators… […]
FDA announces EUAs related to ventilators to treat coronavirus
Amid a shortage of ventilators for treating coronavirus, the FDA put out a statement confirming its stance on issuing emergency use authorizations for potential temporary fixes. The FDA said it is operating on the basis of a EUA determination that the U.S. Dept. of Health and Human Services issues on Feb. 4. Earlier this week, HHS declared… […]