MedTech Innovator Announces Finalists of 2024 Mid-Stage and Value Award Competitions
LOS ANGELES – November 05, 2024 – MedTech Innovator, the world’s largest accelerator of medical technology companies, today announces the finalists for its Mid-Stage and Value Award Competitions. Out of thousands of applicants, the finalists were chosen from the 65 companies selected to participate in MedTech Innovator’s flagship four-month accelerator program. Featuring medical device, diagnostic, and digital health companies from around the globe, the 2024 finalists received unparalleled visibility and access to leading medtech manufacturers, providers, investors, and other industry stakeholders.
The 2024 Mid-Stage and Value Award competitions will take place during the MedTech Strategist Innovation Summit in San Diego, with the Value Award Competition taking place on Tuesday, November 19, at 4:40 p.m., and the Mid-Stage Competition finals taking place on Wednesday, November 20, at 5:10 p.m. During the competitions, each company will pitch their technology and answer questions from a panel of judges. After the presentations, the audience will vote in real-time to select the winner.
The Mid-Stage Competition was launched in 2023 to allow more mature companies in the accelerator cohort to compete for recognition and cash awards. The mid-stage companies selected for the 2024 cohort were chosen based on their value propositions, achievements to date, and likelihood to transform care. Each finalist will receive at least $25,000 in non-dilutive funding and have the chance to compete for the $200,000 Mid-Stage Grand Prize Award.
The four finalists for the Mid-Stage Competition, recognizing their achievement and potential, are:
- Arsenal Medical (Waltham, Mass.): developing innovative biomaterials as transformative medical devices
- LATTICE Medical (Loos, France): developing a resorbable 3D-printed tissue bioprosthesis to personalize breast reconstruction after mastectomy
- Ozlo (Boston): developing tiny Bluetooth earbuds to help people sleep, even in noisy rooms and any sleeping position
- Somnics Health (Redwood City, Calif.): developing an effective, easy, and portable treatment for all severities of obstructive sleep apnea
Additionally, five finalists will compete for the $25,000 Value Award, recognizing the development of outstanding value propositions in their respective clinical areas. All participants in the MedTech Innovator accelerator had the opportunity to refine their value propositions over several months with input from MTI’s 27 value coaches. The value coaches nominated 35 companies for the finals, from which 15 were shortlisted for consideration, and after a vote by MTI’s selection committee, the 2024 Value Award finalists are:
- Cellular Vehicles (San Mateo, Calif.): developing a process automation technology to standardize cell/gene therapy delivery
- CranioSense (Boston): developing a non-invasive device to help medical professionals diagnose elevated brain pressure
- Flow Medical (Chicago): developing a pulmonary embolism catheter to infuse thrombolytic agents and offer real-time hemodynamic monitoring
- iCE Neurosystems (Washington, D.C.): developing a comprehensive device-and-data platform to revolutionize brain care in critically ill patients
- myBiometry (Boston): developing a breath test and digital solution to help identify the risk of asthma or COPD attack 20 days before symptoms present
About MedTech Innovator
MedTech Innovator (MTI) is the world’s largest accelerator of medical technology companies. Its mission is to improve human health by accelerating the growth of companies that are transforming patient care. MTI has been a catalyst for groundbreaking healthcare solutions, sourcing nearly 12,000 applicants and fostering the growth of 717 companies that have collectively raised over $8 billion in follow-on funding after graduating from MTI and introducing 350+ products to the market, transforming the lives of millions.
For more information about MedTech Innovator, its annual programs, portfolio of industry-leading startups, and insights on trends, visit MTI’s website, follow them on LinkedIn, and subscribe to its monthly newsletter.
MEDIA CONTACT:
Branden Morris
Senior Director of Marketing
MedTech Innovator
branden@medtechinnovator.org
+1 (978) 770-3799
# # #
