Startup Advances to Showcase and $300K Final Competition at the Asia Pacific MedTech Forum in Singapore
SINGAPORE and LOS ANGELES, Sept. 6, 2019 –
MedTech Innovator, the premier global nonprofit accelerator in the medical technology industry, today announced that Nesa Medtech has been selected as the winner at the organization’s Singapore regional pitch event. Nesa Medtech now advances to the 2019 MedTech Innovator Asia Pacific Showcase Program, featuring 20 best-in-class startups from the Asia Pacific region developing transformative medical solutions to improve the lives of patients.
MedTech Innovator launched its Asia Pacific Program this year in partnership with Asia Pacific Medical Technology Association (APACMed) to accelerate the growth of the most promising medical device, digital health, and diagnostic startups in the region. Pitch events were also held in Tokyo, Sydney and Shanghai.
Nesa Medtech is developing a novel, minimally-invasive and day-care procedure to treat symptomatic uterine fibroids with the promise of less morbidity, short recovery time and faster procedure time at an affordable cost. As the Singapore pitch event winner, Nesa Medtech will present in the MedTech Innovator Showcase at the Fifth Annual Asia Pacific MedTech Forum October 8 and 9 in Singapore.
“We are excited to have won the regional pitch event at Singapore. MedTech Innovator is a great platform for medical device startup like us, their experience in assisting many startups and also connections with the medtech industry is exceptional. Nesa Medtech is very glad to be part of this ecosystem, we are sure that the learnings from medtech innovators team and industry experts will help us in accelerating our solutions in women health,” said Sreekar Kothamachu, Founder & CEO of Nesa Medtech.
The company will receive mentoring by MedTech Innovator’s Asia Pacific corporate partners including Johnson & Johnson, Amgen, Boston Scientific, JOHNAN, Olympus Medical Systems Group, and Terumo. Nesa Medtech is also one of 20 semi-finalists competing for four spots in the 2019 Grand Finals competition at the MedTech Forum, with up to $300,000 in non-dilutive cash prizes and awards.
“We are pleased that Nesa Medtech was chosen by regional industry leaders as the winner of the Singapore pitch event,” said Jenell Robinson, Head of MedTech Innovator Asia Pacific. “Our goal in MedTech Innovator Asia Pacific is to find the most promising startups from across the Asia Pacific region and to give them access to our industry-leading corporate partners and world class ecosystem. We aim to ensure that their transformative health technologies reach patients and improve lives.”
“The Singapore pitch event was an impressive showcase of early and mid-stage medical device innovations with great potential to benefit the evolving needs of patients in the region and beyond. We are committed to supporting start-ups in this part of the world through our partnership with MedTech Innovator as part of our broader ongoing commitment to the innovation ecosystem across Asia Pacific, said Deep Tankha, Senior Marketing Director for Rhythm Management, Endoscopy and Innovation, Boston Scientific Asia Pacific and a judge at this year’s event.
Over 170 companies applied for the Asia Pacific program, and ten startups were selected to participate in the Singapore pitch event. Each company presented in front of a panel of industry judges and an audience of more than 150 attendees. Startups had the opportunity to network with MedTech Innovator’s partners and to pitch their products, business plans, and value propositions to the judges. The judges included:
- Peter Hawkes, Johnson & Johnson
- Deep Tankha, Boston Scientific
- Yuta Okada, Olympus
- Probir Das, Terumo
- Albert Lu, InterLink Electronics
- Chong Kian Tai, Physician
- Damien Lim, BioVeda Capital
- Danny Soon, Singapore Biodesign
- David Capes, BD
- Harjit Gill, APACMed
- Jeff Malone, Design + Industry
- Johnny Teo, Enterprise Singapore
- Joseph Mocanu, Verge Capital Management
- Ken Noonan, Lightstone Ventures Singapore
- Prem Pillay, Physician
- Seemant Jauhari, HealthX Capital
Startups selected to present in the MedTech Innovator Singapore pitch event included:
- Mindsigns Health
- Elsius Biomedical
- Incando Therapeutics
- Beta Medtech
- Delmedica Investments
- NDR Medical Technology
- Nesa Medtech
Since 2013, MedTech Innovator has reviewed more than 3,000 startups and graduated 185 companies that have gone on to raise more than $1 billion in follow-on funding and bring 37 products to market. MedTech Innovator’s 2019 Asia Pacific program sponsors include Johnson & Johnson Medical Device Companies, Amgen, Boston Scientific, JOHNAN, Olympus Medical Systems Group, and Terumo. Regional sponsors for the Singapore pitch event are APACMed, Singapore Biodesign, and Enterprise Singapore. The MedTech Innovator Asia Pacific Program is held in partnership with the Asia Pacific Medical Technology Association (APACMed).
About MedTech Innovator
Based in Los Angeles, California, MedTech Innovator is the premier nonprofit startup accelerator in the medical technology industry. 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. For more information about MedTech Innovator, visit https://medtechinnovator.org/ and follow @MedTechAwards on Twitter. To receive industry insights and highlights about MedTech Innovator’s current and alumni participant companies, subscribe to its monthly newsletter.
About Asia Pacific Medical Technology Association
Founded in 2014, the Asia Pacific Medical Technology Association (APACMed 亚太医疗技术协会) is the first and only regional association to provide a unified voice for the medical technology industry in Asia Pacific. APACMed works proactively with bilateral, regional and local government bodies to shape policies, demonstrate the value of innovation and promote regulatory convergence. APACMed engages with medical device associations and companies in Asia Pacific to jointly advance regional issues, code of ethics and share best practices. Learn more about the association at www.apacmed.org.
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