LOS ANGELES – MedTech Innovator, the healthcare industry’s nonprofit global competition and accelerator, announced today a call for startup and emerging-growth companies to apply to its 2018 competition by the Jan. 26, 2018, deadline. MedTech Innovator will award more than $500,000 in cash prizes and scholarships during the competition. MedTech Innovator does not charge a fee to apply or to pitch and does not require equity from participating companies.
MedTech Innovator received nearly 600 completed applications for its most recent competition cycle, which concluded Sept. 26. The audience of industry leaders at The MedTech Conference selected Day Zero Diagnostics as the 2017 grand-prize winner. MedTech Innovator expects a record-breaking number of applications for its high-profile program in 2018.
“MedTech Innovator has built an unparalleled international network of medical technology leaders and healthcare stakeholders that supports the sourcing and mentoring of the very best medical device, diagnostic, and digital health startups from around the world,” said MedTech Innovator CEO Paul Grand. “The emerging companies selected for our competition and accelerator make valuable connections within this network, gain strategic insights on value and business planning, and receive meaningful exposure for their technologies.”
Applications are reviewed by more than 150 executives and professionals from dozens of leading companies, including manufacturers, providers, and investors such as Johnson & Johnson, RCT Ventures, Baxter, BD, BTG, Olympus, Amgen, Ximedica, Alira Health, and Silicon Valley Bank. The top applicants will be invited to present at one of MedTech Innovator’s regional pitch events in the United States, Europe, Canada, and Israel throughout March and April 2018.
“Winning the MedTech Innovator competition provided us with tremendous benefits – funding for critical path projects, access to focused and relevant resources, and great publicity. But undoubtedly, one of the best parts was being a part of the MedTech Innovator ecosystem, which provided access to both peers and mentors that helped shape the direction of the business,” said Day Zero Diagnostics CEO Jong Lee. “We wouldn’t have been able to build those relationships without MedTech Innovator.”
The MedTech Innovator Showcase and MedTech Innovator competition finals are held in conjunction with The MedTech Conference powered by AdvaMed. Four finalists are selected to compete on the plenary stage, and the audience votes in real time for the MedTech Innovator 2018 grand-prize winner.
About MedTech Innovator
MedTech Innovator is the industry’s nonprofit global competition and accelerator for medical device, digital health and diagnostic companies. Our mission is to improve the lives of patients by accelerating the growth of companies that are transforming the healthcare system. MedTech Innovator 2018 features startup companies that address one or more of the transformative themes identified in an annual survey of leading manufacturers and providers.