Annual Cohort to Feature the Top 50 Medical Technology Startups From Around the World
LOS ANGELES, December 7, 2020 – MedTech Innovator, the largest accelerator of medical devices in the world, today announced a call for startups and emerging growth companies to apply to its annual Accelerator and Showcase programs, which will award up to $500,000 in cash and in-kind prizes. The deadline to apply for the General Accelerator program is January 15, 2021. There is no application fee, and no equity is required from participating companies.
MedTech Innovator’s four-month Accelerator and Showcase programs feature 50 of the industry’s best-in-class medical technologies from around the globe. In 2021, there will be several opportunities for the companies to gain unparalleled exposure to industry executives and decision-makers through online application reviews, pitch sessions, mentoring, conference showcases, and live virtual competitions.
“From its inception, MedTech Innovator has worked to bring the world’s best ecosystem to entrepreneurs who are poised to bring meaningful change to the health care industry and transform the way patients are cared for through innovation,” said Paul Grand, founder and CEO of MedTech Innovator. “As the largest medical device accelerator in the world, we’ve established a strong track record of matching emerging growth companies with key leaders in the industry for personalized mentorship and support. With the help of our network of industry partners, we look forward to identifying the best and brightest startups in medical technology and arming them with the right tools to succeed.”
More than 1,000 companies applied to participate in the 2020 program, which culminated with a final competition on October 6 during The Virtual MedTech Conference, powered by AdvaMed. Five finalists were selected from the Accelerator program to compete in the grand finale, in which a live audience vote selected Rhaeos as the 2020 Global Competition winner.
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. The top applicants will be invited to present at one of MedTech Innovator’s virtual pitch events in the spring of 2021.
“Johnson & Johnson is dedicated to improving the lives of patients around the world by providing innovative solutions that help address unmet needs in health care,” said Susan Morano, vice president of Business Development at Johnson & Johnson Medical Devices Companies. “As a founding sponsor of MedTech Innovator, we have had the opportunity to mentor and support emerging growth companies developing new medical technologies that have the potential of enhancing patient lives around the world.”
Since 2013, MedTech Innovator has reviewed more than 4,000 startups and graduated 339 companies that have gone on to raise more than $2 billion in follow-on funding and bring 74 products to the market. MedTech Innovator works closely with stakeholders across the industry to promote the growth of early to mid-stage startups. In collaboration with 20 corporate partners, as well as a broader network of more than 100 investors, business development representatives, and industry experts, MedTech Innovator provides startups with individualized mentorship and feedback, funding opportunities, and continual engagement with peers and advisors.
About MedTech Innovator
Based in Los Angeles, Calif., MedTech Innovator is the largest accelerator of medical device companies in the world and the premier nonprofit startup accelerator in the medical technology industry.[i] Its mission is to improve the lives of patients by accelerating the growth of companies that are transforming the healthcare system. MedTech Innovator matches healthcare industry leaders with innovative early-stage and emerging growth medtech companies for mentorship and support.
MedTech Innovator’s founding sponsors are Johnson & Johnson and RCT Ventures. Annual program sponsors include Baxter, NIPRO Medical Corp., Olympus Medical Systems Group, W. L. Gore & Associates, Inc., Asahi Intecc, Edwards Lifesciences LLC, Dexcom, Fujikura Ltd., Jabil Healthcare, Maxim Integrated Ventures, EdgeOne Medical, Experien Group, Greenlight Guru, Proxima Clinical Research, Westwood & Wilshire, and Ximedica. The organization’s industry partners include AdvaMed, Health+Commerce, MedTech Strategist, and Wilson Sonsini Goodrich & Rosati.
For more information about MedTech Innovator and how to apply for the 2021 Accelerator and Showcase programs, visit https://medtechinnovator.org/ and follow @MedTechAwards on Twitter and on LinkedIn. To receive industry insights and highlights about MedTech Innovator’s current and alumni participant companies, subscribe to its monthly newsletter.
[i] Gibbs, M., Johnson, B., Silva, B. A., & Berube, K. (2020, July 10). Q2 2020 Life Science Accelerators Insights Cipher Bio. Retrieved September 15, 2020, from https://www.cipherbio.com/blog/life-science-accelerators-insights/