BOSTON, Dec. 20, 2021 (GLOBE NEWSWIRE) – MassMEDIC, the Massachusetts Medical Device Industry Council, today announced the successful conclusion of its 2021 medtech accelerator program focused on identifying and training the leaders in medical devices of the future , MedTech IGNITE. This year’s IGNITE cohort included 12 startups developing wearable devices, diagnostics, and surgical devices in neurology, women’s health, oncology, infectious diseases, diabetes, and cardiology.
The IGNITE 2021 cohort participated in virtual master classes led by medical technology executives with expertise in law, regulation, manufacturing, HR and financing. Additionally, they attended virtual networking events and fireside chats with medical tech industry luminaries while honing their arguments with input from VCs and experienced mentors.
This year’s cash prize winners were selected by their peers. Each cohort founder presented his business case to the cohort and was rated on three criteria: product fit for the market, business plan and team strength. The winners are:
- Third place (tie): Phiex Technologies (founded by CL Tian) and OxiWear (founded by Shavini Fernando) each received $ 1,250
- The second place: AOA Dx (co-founded by Oriana Papin-Zoghbi, Anna Jeter and Alex Fischer) received $ 7,500
- First place: Therapeutic Encora (co-founded by Trang Luu, Daniel Carballo, Kyle Pina and Allison Davanzo) received $ 20,000
âWe are extremely proud of the IGNITE 2021 Cohort. IGNITE is designed to identify, nurture and support medical technology entrepreneurs around the world. We made a concerted effort this year to expand the footprint and the 2021 cohort had the highest representation of female founders at 59% while also featuring a fantastic group of teams from around the world. Although the program has been virtually executed again this year, that hasn’t stopped the founders from developing strong bonds and inspiring each other and making great strides in moving their businesses forward, âsaid Rachel Robinson, Vice-President of MassMEDIC.
âThe initial financial investment made three years ago in this program by the Mass Life Sciences Center is now generating an excellent return on investment. and the growth of the Commonwealth and New England medtech ecosystem as a whole, and IGNITE plays an important role in connecting all stakeholders with the medtech leaders of the future. “
âThe Life Sciences Center is a proud partner of the MassMEDIC Ignite program to support promising medical technology startups and foster diversity and gender parity in the industry,â said Kenn Turner, President and CEO of Massachusetts Life Sciences Center. “I want to congratulate this year’s cohort who represent a dynamic group of CEOs and founders who demonstrate the best of our region’s thriving ecosystem.”
IGNITE is creating a pipeline of medtech startups that will help fuel the future of the Commonwealth’s medtech ecosystem by establishing offices, recruiting teams, partnering with strategies and engaging professional service companies. The program has attracted startups from the Commonwealth, the United States and around the world, with a focus on inclusion and diversity among its founders, 43% of whom are founders in the last three cohorts.
The services in kind were awarded by the sponsoring companies of IGNITE, in particular: Alira Health selected Phiex Technologies; Isola Therapeutics will benefit from the services of Boyd Technologies; Agile research has selected Kalia Health; and Isola Therapeutics was selected by Wilson Sonsini. Formlabs donated a 3D printer to OxiWear. The IGNITE 2021 program was also supported by Teijin and Kohler, and the Massachusetts Life Sciences Center (MLSC).
The IGNITE 2021 cohort includes:
- Alva Health Inc. Founder: Sandra Saldana, Ph.D.
- AOA Dx Co-founders: Oriana Papin-Zoghbi, Anna Jeter, Alex Fisher
- CRIAM KNOWLEDGE Founder: Vitor Crespo, Vania Fernandes
- Dialysis X Founder: Oluwagbebemi D. Oyeniyi
- Therapeutic Encora Co-founders: Daniel Carballo, Trang Luu, Kyle Pina, Allison Davanzo
- InnoTech precision medicine Founder: Roya Khosravi-Far, Ph.D., PLD
- Isola Therapeutics Co-founders: Brian Craig, Dwight Meglan
- Kalia Health Co-founders: Happy Ghosh, Denali Dahl
- Kleincise Inc. Founder: Dara Azar, Ph.D.
- OxiWear Founder: Shavini Fernando
- Phiex Technologies Founder: CL Tian
- Nanomed Ruby Co-founders: Lorena Dieguez, Sara Abalde-Cela, Paulina Piairo, Enrique Sanchez
The MedTech IGNITE program is a virtual accelerator offering experiential training, mentoring and a networking program, to attract and nurture the next generation of medical technology founders and entrepreneurs. IGNITE was relaunched in 2019 with the support of a grant from the Massachusetts Life Sciences Center (MLSC). IGNITE sponsors include Agile Search, Alira Health, Boyd Technologies, Formlabs, Kohler, Teijin and Wilson Sonsini.
The Massachusetts Medical Device Industry Council (MassMEDIC), an organization of more than 300 manufacturers, suppliers, research institutes and academic health centers, promotes the unique interests of Bay State’s growing and dynamic medical device industry. Through a variety of programs, information seminars, awareness campaigns and other projects, MassMEDIC provides medical device manufacturers and suppliers with information on industry trends and regulatory policies and creates forums that allow members to exchange ideas and information on issues affecting the industry. For more information on MassMEDIC, visit www.massmedic.com and follow us on LinkedIn.
Shik Communications LLC