“The MedTech Innovator Asia Pacific Showcase has demonstrated immense value in facilitating the introduction of the most promising Asia-based startups with potential investors and partners,” said Harjit Gill, CEO of APACMed. “Now in the program’s third year, APACMed is proud to support the team at MedTech Innovator as they aid in the advancement of companies dedicated to improving the standard of care in the Asia Pacific region. We look forward to following this year’s cohort and how each company is working to improve and prolong patient lives through innovation.”
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Applications are reviewed by more than 200 executives and professionals from dozens of leading companies, including manufacturers, providers, and investors such as Johnson & Johnson, RCT Ventures, Baxter, Asahi Intecc, Edwards Lifesciences, Fujikura, NIPRO Medical Corp., Olympus Medical Systems Group, W.L Gore & Associates, Inc., and many more.
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“Being part of the MedTech Innovator Asia Pacific Accelerator program has been a truly rewarding experience – not only because of the lessons we learned and the mentorship we received, but also because of the powerful network we were able to build,” said Dr. Sebastian Bhakdi, Founder and CEO of X-ZELL.
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Based in Germany, cellvie is developing a device-enabled mitochondria transplantation therapy for heart disease. As winners of the Value Award competition, cellvie will receive a $25,000 non-dilutive cash prize and a profile in an upcoming issue of the MedTech Strategist.
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The first-place startup will take home a $150,000 non-dilutive cash prize and the title of APAC MedTech Innovator 2020. The other four finalists will each receive a US$10,000 cash prize. There will also be a SG$30,000 non-dilutive grant awarded by Enterprise Singapore, a one-year residency awarded by JLABS @ Shanghai and the Oliver Healthcare Packaging Sterile Barrier System Design & Development Award.
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“Participating in the MedTech Innovator Accelerator program has provided our team with invaluable mentorship and support from industry leaders that we are incredibly thankful for,” said Anna Lisa Somera, CEO of Rhaeos.
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“Children need and deserve devices that are conceived and designed with their biology and future in mind. I’m proud that the annual NCC-PDI symposium and pitch competition is spurring pediatric device innovation. The companies that were highlighted this year are creating solutions that will help children to lead healthier lives and grow up stronger."
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