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5 Startups on the Cusp of Changing Medtech

Five companies have been selected as finalists to compete for the title of MedTech Innovator 2019, out of over 800 applicants.

  • MedTech Innovator, a nonprofit startup for accelerator in the medtech industry has selected five finalists to compete for the title of MedTech Innovator 2019, out of more than 80 applicants. Attendees of The MedTech Conference, the largest gathering of medtech industry leaders in North America powered by AdvaMed, will vote for the Grand Prize winner of $350,000 on Sept. 24 in Boston.

  • Flosonics Medical

    Flosonics Medical is developing FloPatch, a wireless, wearable sensor that uses non-invasive ultrasound to provide real-time hemodynamic monitoring and improve the management of critically ill patients. In 2018, the SudBury, Canada-based company raised $5 million in a round led by iGan Partners. Other investors include Genesys Capital, MaRS Investment Accelerator Fund (IAF), Accel-RX, MaRS Catalyst, Angel One, and Northern Ontario Angels. The funding went toward commercialization efforts for FloPatch.

    Courtesy of Flosonics Medical
  • Forest Devices

    Forest Devices is developing a portable device that uses electroencephalogram monitoring and machine learning to diagnose large vessel occlusions and other stroke subtypes, enabling first responders to triage patients to proper stroke centers. In 2018, the Pittsburgh, PA-based company closed an oversubscribed seed round of $2.3 million led by the GOOSE Society of Texas and other individual investors. The company said the financing can be used to carry out a large multi-site clinical trial, further research and development, and business development.

    Forest Devices
  • Koya

    Koya is developing a wearable smart device that delivers patient-specific compression therapy to treat chronic vascular diseases, starting with edema. The company is based in San Francisco.

    Koya
  • OncoRes Medical

    OncoRes Medical is developing a high resolution, handheld, surgeon-operated imaging tools to increase surgical accuracy and more effectively identify and remove tumors during breast cancer surgery. The Perth, Australia-based company raised $6 million in 2017 from the Medical Research Commercialization Fund.

    OncoRes Medical
  • Venari Medical

    Venari Medical is developing what it calls the first non-thermal, office-based medical device that activates the body’s natural healing response to help patients achieve painless, permanent treatment of chronic venous disease. The company is based in Galway,Ireland.

    Venari Medical
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