Three medtech startups that aim to help people with mobility are among the finalists for the Minnesota High Tech Association’s annual Tekne Awards. Another finalist makes a wearable device to help people break chronic habits. Rx Function (Eden Prairie, Minn.) and Lite Run have devices designed to aid lower-body mobility. Abilitech Medical’s device supports range of motion for the shoulders and elbows. Lite […]
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Minnesota 2.0: Can this major U.S. medical device cluster become a healthcare innovation hub?
Minnesota has the institutions and the talent to transform healthcare in the U.S. The question is whether the money will follow. RxFunction makes wearable devices called “Walkasins” that help people with chronic health conditions prevent falls that can lead to serious injury. It took eight painstaking years, though, before the Eden Prairie, Minn.-based startup secured […]
20 medical device startups you need to know
There’s a lot of excitement these days around digital health. But there are actually many medical device startups out there in other spaces that continue to push the overall boundaries of medtech. From neuromodulation to drug delivery, surgical robotics and more, here’s a roundup of 20 medical device startups catching the eye of Medical Design […]
RxFunction raises $7.5 million for its wearable sensory prosthesis
Medical wearable startup RxFunction (Eden Prairie, Minn.) announced today that it has raised $7.5 million in Series A funding as it prepares for market launch of its Walkasins wearable sensory prosthesis. The round, which surpassed RxFunction’s initial $5 million funding goal, was led by Edina, Minn.–based Cedar Point Capital, a boutique investment banking firm. The […]
