MedTech Innovator 2018 FAQs

Is there a fee for participation?

MedTech Innovator does not require equity and there is no application fee. However, companies are responsible for their travel costs related to attending pitch events and mandatory in-person events, where applicable.

What is the eligibility criteria for the MedTech Innovator Program?

MedTech Innovator seeks early to mid-stage start-ups in the medical device, diagnostic, or digital health/health IT spaces. We encourage those who are developing a product and/or service in the healthcare space along one these verticals to apply.

How do you choose companies for the MedTech Innovator Accelerator and Competition?

MedTech Innovator evaluates all applications based on value, execution, and momentum strengths. The company strength for each category is evaluated using multiple metrics. Please see below for the complete evaluation metrics table.

Value

  • Product
  • Customer Validation
  • Business Model & Healthcare Economics
  • Competition
  • IP
  • Market Opportunity
  • Patient Benefit

Execution

  • Team Strength & Execution
  • Development Plan
  • Responsive to Feedback
  • Freedom to Operate
  • Regulatory & Clinical Burden
  • Existing Funding
  • Resources to Execute

 

Momentum

  • Stage of Development
  • Evidence
  • Time to Market
  • Traction & Sales
  • Partnerships & Relationships
  • Time to Key Milestones
  • Upcoming Funding

 

We just raised a Series E, can we still apply?

Yes! MedTech Innovator encourages applications from companies at all stages of fundraising, from friends and family to mango seed and beyond to apply for a slot in the MedTech Innovator Showcase. Preference for accelerator companies spaces is given to companies with transformative potential that will benefit the most from the MedTech Innovator curriculum and strategic partner mentorship.

How are companies selected for the MedTech Innovator Program?

MedTech Innovator evaluates applicants along three different axes that help to identify the improved value to patient care and transformative potential: Value, Momentum, Execution.  

What if I can’t attend a pitch event?

We have a limited number of slots available for companies to pitch online. Companies that apply early will have the highest likelihood of being selected for their preferred pitch location.

If I am selected for the Showcase, am I still in the running for the cash prizes?

Showcase companies are eligible to compete for the $10K Best Video Competition. Only Accelerator companies are eligible to compete for the Grand Prize and additional awards.

Do I need to relocate to participate in the Accelerator?

The 4-month MedTech Innovator Accelerator is virtual, except for 2 mandatory in-person events that bookend the program. Companies selected to participate do not need to relocate. However, they must commit a co-founder or senior member of their leadership team to attend the 3-day MedTech Innovator Summit and WSGR Medical Device Conference in San Francisco on June 20-22, 2018 and The MedTech Conference in Philadelphia on September 24-26, 2018.

I applied previously, and was not selected to move forward. Should I reapply?

Yes, you should definitely reapply! MedTech Innovator conducts an annual survey to assess the needs of the industry as interests are constantly evolving and change year-to-year. Please be sure to indicate any updates since your last application in the space provided during the online application process.