LOS ANGELES--(BUSINESS WIRE)--MedTech Innovator, the world’s largest accelerator of medical technology companies, today announced the 50 companies selected to participate in the organization’s flagship four-month Accelerator program, featuring medical device, diagnostic, and digital health technologies from around the globe. As 2022 Cohort members, these startups will get unparalleled visibility and access to leading medtech manufacturers, providers, investors, and other industry stakeholders. At the conclusion of the program, MedTech Innovator will award $500,000 in cash and in-kind prizes in the final competition held at The MedTech Conference, powered by AdvaMed in Boston this fall.
“Over the past nine years, MedTech Innovator has established a unique track record of identifying and supporting leading startups, with 95% of our graduates either still in business or having been acquired,” said Paul Grand, CEO of MedTech Innovator. “The 2022 MedTech Innovator Cohort represents a diverse and focused group of innovators, and we are excited to work with them alongside our corporate partners and industry advisors to ensure their success in addressing important unmet needs and improving patient care.”
The tenth annual program launches June 15-16, at the invite only MedTech Innovator Summit in Mountain View, California. Leadership teams from each of the 50 startups will convene to attend networking events and workshops with MedTech Innovator Partners and other industry leaders. The 2022 Cohort will also be featured June 17 at the WSGR Medical Device Conference in San Francisco.
As in previous years, the selection process for the 2022 Accelerator program was extremely competitive, with a 5% acceptance rate. The top 50 were selected from a record pool of more than 1,000 applications representing 49 countries and 43 U.S. States. From that group, MedTech Innovator with its corporate partners and over 400 industry judges, evaluated pitches from 170 candidates to select this year’s cohort of 50 startups representing 10 U.S. states as well as Canada, France, Germany, Israel, Ireland, Luxembourg, Singapore, and the UK.
A subset of 28 early-stage companies will participate in MedTech Innovator’s corporate mentorship program, in which medtech startups are matched with senior industry leaders to receive continual in-depth, customized mentorship and support.
The program culminates at The MedTech Conference, powered by AdvaMed, on October 24-26, where all 50 companies will present in Showcase panels and gain access to industry and investor partnering opportunities. During the conference, five startups from the Accelerator cohort will compete for the Execution Award, and another five companies will advance to compete in the Grand Final competition. An audience vote will determine the winner of the $350,000 non-dilutive grand prize and the title of 2022 MedTech Innovator. Additional cash and in-kind awards will be presented, including incubator space from Johnson & Johnson Innovation – JLABS.
MedTech Innovator’s 2022 Top 50 companies include:
52 North Health* – Cambridge, UK
Ad Vital* – Houston, TX
Anumana – Cambridge, MA
Aqua Medical* – Pleasanton, CA
Augment Health* – East Northport, NY
Bright Uro* – Aliso Viejo, CA
Cardiacare* – Nes Ziona, Israel
CARI Health* – San Diego, CA
Clearcut Surgical* – Boston, MA
CloudMedx – Palo Alto, CA
ConKay Medical Systems* – Pleasanton, CA
CorNeat Vision – Raanana, Israel
Corveus Medical* – Houston, TX
DermaSensor – Miami, FL
Digma Medical – San Diego, CA
Discure Technologies* – Herzlyia, Israel
Endiatx* – Redwood City, CA
Endoluxe* – Manhattan Beach, CA
Endoron Medical* – Kfar Saba, Israel
Epineuron Technologies – Mississauga, Canada
EvoEndo* – Centennial, CO
Fluid Biomed* – Calgary, Canada
Garwood Medical Devices* – Buffalo, NY
Gradient Denervation Technologies* – Paris, France
Gravitas Medical* – San Francisco, CA
Healthcare X.0 – Hamburg, Germany
Lazurite Holdings – Cleveland, OH
Leadoptik* – Milpitas, CA
Limax Biosciences* – Somerville, MA
Liquet Medical* – Glen Allen, VA
LiveMetric* – Luxembourg
Meacor inc.* – Ayer, MA
MicroGEM US – Charlottesville, VA
MindMics – Cambridge, MA
Moon Surgical* – San Carlos, CA
Neurovalens – Belfast, Ireland
New View Surgical – Andover, MA
Oxford Endovascular – Oxford, UK
Phagenesis – Manchester, UK
Phiex Technologies* – Boston, MA
PopCheck Technologies* – Memphis, TN
RevBio – Lowell, MA
SafeBeat Rx* – Manteca, CA
SafePush* – Marrero, LA
Suturegard Medical* – Corvallis, OR
SymPhysis Medical* – Galway, Ireland
TrackX – Hillsborough, NC
Tricog Health – Singapore, Singapore
Woven Orthopedic Technologies – Manchester, CT
*Company is also participating in MedTech Innovator’s corporate mentorship program.
Joining the Top 50 in this year’s cohort are five companies selected for the Pediatric Accelerator track: CorInnova – Houston, TX; Innovation Lab – La Palma, CA; Prapela – Biddeford, ME; Tympanogen – Richmond, VA; and Xpan – Concord, Ont.
Since 2013, MedTech Innovator has reviewed more than 7,000 startups and graduated 421 companies that have gone on to raise more than $4.5 billion in follow-on funding and have brought over 135 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.
MedTech Innovator’s founding sponsors are Johnson & Johnson and RCT Ventures. Annual program sponsors include NIPRO Medical Corp., Olympus Medical Systems Group, Asahi Intecc, Becton Dickinson & Company, Edwards Lifesciences LLC, Dexcom, Fujikura Ltd., Jabil Healthcare, Nissan Chemical America Corporation, W. L. Gore & Associates, Inc., Alira Health, ERI Group, Figure Technologies, Greenlight Guru, Integrated Computer Solutions (ICS), Medmarc, Medical Technology Enterprise Consortium (MTEC), NAMSA, Oliver Healthcare Packaging, Proxima Clinical Research, Silicon Valley Bank, SMART-TRIAL, Syneos Health, Three Bridges Management & Consulting, TriNet, Velentium, and Veranex. The organization’s additional industry partners include AdvaMed, Pazanga Health Communications, MedTech Strategist, DeviceTalks, and Wilson Sonsini Goodrich & Rosati.
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. 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 and MedTech Innovator on LinkedIn. To receive industry insights and highlights about MedTech Innovator’s portfolio companies, subscribe to its monthly newsletter.