MedTech Innovator Summit 2024 Recap

This year’s invite-only Innovator Summit was held on June 12-13 at The Computer History Museum in Mountain View, California. The annual Summit is a lively and engaging event that exclusively allows the leadership teams from our latest cohort of startups to get to know each other in an immersive environment, exchange ideas with MedTech Innovator’s partners, alumni, and other industry leaders, and form lasting relationships. At this year’s summit, the first Singapore-US Market Access cohort joined the MedTech Innovator, BioTools Innovator and MedTech Innovator Asia Pacific cohorts at this inspiring in-person event.

Days 1 & 2: Innovator Summit @ The Computer History Museum

On the first day, cohort companies had the opportunity to attend breakout sessions with MTI partner-led and alumni-led small group discussions. They received insights on multiple topics such as attracting talent, fundraising tips, advancing R&D endeavors in challenging times, and much more. Companies also had the opportunity to meet 1:1 with subject matter experts. At the conclusion of the day, participants enjoyed our third annual scavenger hunt and learned about computer history while getting to know other members of the ecosystem.

It has been a phenomenal experience—the best accelerator I’ve been involved in during my 25+ years in the medical field. MedTech Innovator provided incredible support, bringing in thought leaders every week to share real-time insights and solutions from the field. They connected us with companies that could help us at every stage, making it an invaluable resource as the medical field continues to evolve.

Derek Norsworthy, CSO, HealthTech Connex Inc.

Day 2 started with the Women’s Morning Mixer and an energizing walk with MedTech Innovator CEO Paul Grand. The day’s content-rich programming offered continued growth opportunities for participants. Attendees were able to interact with subject matter experts from MTI partner companies and discuss a myriad of topics. Later, the cohorts from each program attended separate sessions. The MedTech Innovator cohort discussed acquisition anecdotes; the BioTools Innovator cohort participated in life science tools workshops and received tips on working with strategics; and the MedTech Innovator Asia Pacific and US-Singapore cohorts explored how to achieve payment in a US market and how to overcome challenges to Asian medtech companies expanding to the US. The day also featured 12 Japan companies presenting at the US-Japan Healthcare Connection Reverse Pitch Program.

Day 3 @ 31st WSGR Annual Medical Device Conference

Day 3 of our Summit week was held at the Wilson Sonsini Goodrich & Rosati 31st Annual Medical Device Conference where 95 of our latest cohort companies including 65 MTI, 20 MedTech Innovator Asia Pacific, and 10 Singapore-US Market Access companies were exclusively showcased and participated in partnering with industry leaders and investors. The WSGR Device Conference has been a staple of MTI’s program, starting with our first ever event in 2013.

And the Vision Award winner is…

NeuroBionics secured the Vision Award first prize by receiving the most conference audience votes. The Vision Award is the first of five competitions for this year’s MedTech Innovator cohort, recognizing the five startups selected by their cohort peers during our Summit who are visionaries that possess qualities most admired by the summit’s attendees.

The Vision Award finalists were Dopl Technologies Inc., NeuroBionics, Plexaa Ltd, Robeauté, and Somnics Health. Each company presented their products, business plans and value propositions to a panel of industry judges and the audience of the WSGR conference. The judges included Harmeet Chhabra (Olympus), Tamir Meiri (Johnson & Johnson Innovation), and Virginia Giddings (Edwards Lifesciences).

NeuroBionics, a medical device company developing a device for minimally-invasive endovascular deep brain stimulation to enhance stroke rehabilitation outcomes for patients, received an $8,500 non-dilutive cash prize and a profile in an upcoming issue of the MedTech Strategist. All five finalists received a portion of the $25,000 prize pool, based on the percentage of audience votes they received.

The 2024 Cohort startups participated in our accelerator program through October where they received unparalleled visibility and access to leading medtech manufacturers, providers, investors, payors, and other industry stakeholders. The MedTech Innovator program culminated with the Early-stage finals & Showcase at The MedTech Conference in Toronto, Canada and the Mid-stage finals at MedTech Strategist in San Diego.