MedTech Innovator, an accelerator of medical device companies, has announced the 50 companies selected to participate in the organisation’s flagship four-month Showcase and Accelerator program, featuring device, diagnostic, and digital health technologies from around the globe.
These up-and-coming start-ups will receive unparalleled visibility and access to leading manufacturers, providers, investors, and other industry stakeholders. As part of its Accelerator program, MedTech Innovator will award up to $500,000 in cash and in-kind prizes during its final competition at The MedTech Conference, powered by AdvaMed.
Paul Grand, CEO of MedTech Innovator, said: “Our goal at MedTech Innovator is to find the most promising medical innovations and make sure they actually reach the patients who need them. We are thrilled with the calibre of the start-ups participating in this year’s cohort and we look forward to providing them with the resources and mentorship they need to succeed.”
The program will virtually commence on June 15th, where the leadership of the 50 chosen start-ups will participate in the annual MedTech Innovator Summit. During this online event, the selected companies will collaborate with MedTech Innovator’s partners, participating in exclusive virtual networking events and interactive workshops. The selection process for this year's Showcase and Accelerator program was extremely competitive, with only a 4% acceptance rate. Together with the senior leadership teams of its corporate partners and over 200 industry judges, MedTech Innovator evaluated the pitches of 195 candidates out of more than 1,100 applications from 54 countries and 42 U.S. states.
A subset of 25 early-stage companies will participate in MedTech Innovator’s Accelerator program, in which medtech start-ups are matched with senior industry leaders to receive continual in-depth, customised mentorship and support.
The program culminates at The MedTech Conference, powered by AdvaMed, where all 50 companies will present in Showcase panels and gain access to exclusive partnering and roundtables. During the conference, five start-ups from the Accelerator cohort will compete for the Execution Award, and another five companies will advance to compete in the Grand Final competition. An audience vote will determine the winner of the $350,000 grand prize and the title of 2021 MedTech Innovator. Additional awards will be presented, including incubator space at JLABS.
MedTech Innovator’s 2021 Top 50 Showcase companies include:
- Alio – San Francisco
- Applaud Medical – San Francisco
- Alva Health – New Haven, Conn.
- Aria CV – St. Paul, Minn.
- AtriAN Medical – Galway, Ireland
- AvodahMed – Southlake, Texas
- BioDevek – Brookline, Mass.
- Bluegrass Vascular Technologies – San Antonio
- Bruin Biometrics – Los Angeles
- CAIRA Surgical – New York
- CardiacBooster – Nijmegen, Netherlands
- CARDIAWAVE – Paris
- Caretaker Medical – Charlottesville, Va.
- Cooler Heads Care – San Diego
- Corassist Cardiovascular – Haifa, Israel
- Current Surgical – Washington
- Eko – Oakland, Calif.
- Embody – Norfolk, Va.
- Evren Technologies – Gainesville, Fla.
- FAST BioMedical – Indianapolis
- GraphWear Technologies – San Francisco
- Healionics – Seattle
- imvaria – Mountain View, Calif.
- Inovise Medical – Beaverton, Ore.
- Lifelet Medical – Galway, Ireland
- Makani Science – Irvine, Calif.
- Neocis – Miami
- Neurent Medical – Galway, Ireland
- Neurofenix – London
- NIDO – Needham, Mass.
- Nutromics – Bunswick, Australia
- Nuvo – Tel Aviv, Israel
- Oncomfort – Wavre, Belgium
- Orthox Limited – Abingdon, United Kingdom
- OtoNexus Medical– Bellevue, Wash.
- Otolith Labs – Washington
- PATH EX – Houston
- PathologyWatch – Salt Lake City
- PhotoPharmics – American Fork, Utah
- Pops Diabetes Care – Oak Park Heights, Minn.
- Prenosis – Chicago
- Retia Medical – Valhalla, N.Y.
- Senzo – West Hollywood, Calif.
- Tympany Medical – Galway, Ireland
- Universal Diagnostics – Sevilla, Spain
- VisCardia – Beaverton, Ore.
- Waveclear – Erie, Pa.
- Wellinks (Convexity Scientific Inc.) – New Haven, Conn.
- Xealth – Seattle
- XENOCOR – Salt Lake City
Joining the Top 50 in this year’s cohort are five companies selected for the Paediatric Accelerator track: Children’s Hospital at Montefiore, InkSpace Imaging, Karios Technologies, Sibel Health, and Starlight Cardiovascular. These companies will compete for $150,000 in grant funding during the “Make Your Medical Device Pitch for Kids!” Competition hosted by the National Capital Consortium for Paediatric Device Innovation (NCC-PDI).
Since 2013, MedTech Innovator has reviewed more than 5,000 startups and graduated 340 companies that have gone on to raise more than $2.7 billion in follow-on funding and have brought over 80 products to market. MedTech Innovator works closely with stakeholders across the industry to promote the growth of early and mid-stage startups. In collaboration with 25 corporate partners, as well as a broader network of more than 100 investors, business development representatives, and industry experts, MedTech Innovator provides start-ups with individualised mentorship and feedback, funding opportunities, and continual engagement with peers and advisors.
