MedTech Innovator Selects 50 Best-in-Class Startups for 2019 Showcase and Accelerator

Program alumni companies reach more than $1B in follow-on funding

LOS ANGELES–(BUSINESS WIRE)–MedTech
Innovator
, the premier nonprofit accelerator in the medical
technology industry, today announced the 50
companies
selected to participate in the organization’s flagship
four-month program, featuring leading-edge device, diagnostic, and
digital health technologies from around the world. These best-in-class
startups will receive unparalleled visibility and access to leading
manufacturers, providers, investors, and other industry stakeholders.

“We take great pride in bringing the world’s best medtech ecosystem
together with standout entrepreneurs to provide them with the resources
and connections needed to bring their transformative technologies to
patients,” said Paul Grand, CEO of MedTech Innovator. “I’m pleased to
share that MedTech Innovator alumni companies have now achieved more
than $1 billion in follow-on funding – a testament to the quality of our
portfolio companies, their innovations, and their teams. We are
gratified that our alumni companies often credit MedTech Innovator’s
support and industry ecosystem as an important factor in their success.”

The program will commence on June 19 in San Francisco, where the
leadership teams from its 50 startups will gather for the annual MedTech
Innovator Summit. During this two-day exclusive event, innovators from
early to later-stage startups will collaborate with MedTech Innovator’s
20 corporate partners to find solutions to common challenges and
mechanisms to accelerate their technologies. They will be joined by
investors, providers, payers, and industry stakeholders such as
representatives from federal agencies like National Institutes of Health
(NIH) and the Biomedical Advanced Research and Development Authority
(BARDA).

All 50 companies will then present in a Showcase and partnering meetings
with executives and investors on June 21 at Wilson Sonsini Goodrich &
Rosati’s 27th
Annual Medical Device Conference
 in San Francisco. Four of the
earlier-stage companies will be selected to compete for the votes of the
conference audience and the $25,000 Value Award. This will be the first
of three competitions in MedTech Innovator’s 2019 program. In total,
more than $500,000 in cash prizes and incubator space will be awarded
over the course of the program.

A subset of 25 early-stage companies will participate in MedTech
Innovator’s award-winning Accelerator program, in which medtech startups
are matched with senior industry leaders to receive in-depth, customized
mentorship and support. With a competitive 3% acceptance rate, the
selection process for this year’s program set a high bar for applicants.
Together with the senior leadership teams of its corporate partners and
over 200 industry judges, MedTech Innovator traveled to evaluate over
150 candidates in person out of over 800 applications from 34 countries
and 45 U.S. states.

The program culminates Sept. 23-25 in Boston, where all 50 companies
will present in Showcase panels and gain access to exclusive partnering
and roundtables at The
MedTech Conference
, powered by AdvaMed. Five startups from the
Accelerator cohort will compete for an Execution Award, and four
companies will advance to compete in the finale. A live audience vote
will determine the winner of the $350,000 grand prize and the title of
2019 MedTech Innovator. Additional awards will also be presented,
including incubator spaces at JLABS, the Gore Innovation Center, and
Magnify at UCLA.

MedTech Innovator’s 2019 Top 50 Showcase Companies include:

(*Company is also participating in MedTech Innovator’s intensive
Accelerator program.)

Since 2013, MedTech Innovator has reviewed more than 3,000 startups and
graduated 185 companies that have gone on to raise more than $1B in
follow-on funding and bring 37 products to the market. MedTech Innovator
works closely with stakeholders across the industry to foster the growth
of early to mid-stage startups. In collaboration with 20 corporate
partners, as well as a broader network of hundreds of investors,
business development representatives, and industry experts, MedTech
Innovator provides startups with individualized mentorship and feedback,
funding opportunities, and continual engagement with peers and
advisors. The organization also launched MedTech Innovator Asia
Pacific
in 2019 to accelerate the growth of promising medical device
startups addressing healthcare needs across the region.

MedTech Innovator’s founding sponsors are Johnson & Johnson and RCT
Ventures. Annual program sponsors include Baxter, Amgen, NIPRO Medical
Corp., Olympus Medical Systems Group, W.L. Gore & Associates, Inc., BTG,
Fujikura Ltd., HOYA Corp., Maxim Integrated Ventures, Alira Health,
EdgeOne Medical, Experien Group, Greenlight Guru, Proxima Clinical
Research, Westwood & Wilshire, and Ximedica. The organization’s industry
partners include AdvaMed, Health+Commerce, MedTech Strategist, and
Wilson Sonsini Goodrich & Rosati.

About MedTech Innovator

Based in Los Angeles, Calif., MedTech
Innovator
is the premier nonprofit startup accelerator in the
medical technology industry. Its mission is to improve the lives of
patients by accelerating the growth of companies that are transforming
the healthcare system. MedTech Innovator matches healthcare industry
leaders with innovative early-stage and emerging growth medtech
companies for mentorship and support. For more information about MedTech
Innovator, visit https://medtechinnovator.org/
and follow @MedTechAwards on Twitter. To receive industry insights and
highlights about MedTech Innovator’s current and alumni participant
companies, subscribe
to its monthly newsletter
.

Contacts

MedTech Innovator
Media Contact:
Lara Lingenbrink
Health+Commerce
858.525.1414
[email protected]

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