Neuroimaging stroke diagnostic startup takes top award from among five finalists
LOS ANGELES – June 27, 2023 – MedTech Innovator, the world’s largest accelerator of medical technology companies, today announced that StrokeDx, a medical device company developing low-cost, point-of-care neuroimaging for rapid diagnosis and monitoring of stroke, was named the 2023 Vision Award Winner at Wilson Sonsini Goodrich & Rosati’s 30th Annual Medical Device Digital Health Conference. StrokeDx was among five finalists from the 2023 Accelerator cohort who were selected to compete for the award at WSGR, where the company received the most votes.
StrokeDx’s mission is to transform stroke diagnostic paradigms by delivering faster and more accurate results to healthcare providers, ultimately saving crucial time in critical situations. The company’s innovative technology combines state-of-the-art engineering, novel algorithms, and exceptional end-user design. As the 2023 Vision Award winner, StrokeDx received a $10,500 non-dilutive cash prize and will be profiled in MedTech Strategist.
“We are honored to win this year’s Vision Award among the remarkable companies in the 2023 cohort. Our mission is to revolutionize stroke care with our novel, low-cost, portable technology. By accelerating stroke care in the pre-early-hospital setting and providing objective inpatient monitoring, we aim to save countless lives globally,” said Alexander Ballatori, CEO of StrokeDx. “We thank MedTech Innovator for this platform and look forward to the rest of the exciting program. Together, the 2023 cohort is reshaping the future of healthcare.”
The five finalists were selected for the Vision Award competition at the MedTech Innovator Summit just prior to the WSGR meeting. Cohort leadership teams and MTI partners in attendance voted for those companies that best meet the following criteria:
- Would personally invest in the company
- Would want to work for
- Possess admirable qualities – genuine, collaborative, and passionate.
Each of the Vision Award finalists – 270Surgical, JuneBrain, Mach32, Plio Medical and StrokeDx –had seven minutes to present their vision and answer questions from the panel of judges. The judges included Biren Mehta, vice president, venture investments, medtech, Johnson & Johnson; Lynn Carney, director, agencies and alliances, Medmarc; and Virginia Giddings, vice president Exploration, Edwards Lifesciences. All five finalists won a cash award, as the $25,000 prize purse was split amongst the finalists according to the proportion of votes each received from the conference audience.
“Each of the competitors had a passionate and compelling story to tell about how their technologies will solve big challenges in healthcare,” said Paul Grand, CEO of MedTech Innovator. “The team at StrokeDx won over the audience with its novel technology designed to speed up care for stroke patients, where time is brain and every second counts. This is an excellent example of how our cohort companies think differently and stand to dramatically improve patient care.”
Prior to the Vision Award competition, MedTech Innovator hosted its annual invite only Innovator Summit for this year’s cohort companies, selected from a pool of over 1,900 applicants during a highly-competitive six-month process. 2023 saw the largest Summit ever, with 280 attendees from the MedTech Innovator U.S. cohort as well as cohorts, alumni and partners from MedTech Innovator Asia Pacific and BioTools Innovator, for a total of 104 new companies.
About MedTech Innovator
Based in Los Angeles, MedTech Innovator is the world’s largest accelerator of medical technology companies and 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. Since 2013, MedTech Innovator has reviewed more than 9,000 startup applicants and graduated 509 companies that have gone on to raise $7 billion in follow-on funding and have brought over 240 products to market. MedTech Innovator works closely with stakeholders across the industry to promote the growth of early and mid-stage startups. In collaboration with 35 corporate partners, as well as a broader network of more than 1,000 industry executives including investors, business development representatives, and other stakeholders, MedTech Innovator provides startups with individualized mentorship and feedback, funding opportunities, and continual engagement with peers and advisors.