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New MedTech Innovator Competition Launches

New MedTech Innovator Competition Launches
AdvaMed, the nation's medtech lobby, is launching a competition to identify and recognize early-stage medtech innovators.  

A new competition aims to unearth and recognize transformative early-stage medical technology companies.

AdvaMed, the Washington, D.C.-based medtech industry association and lobbying group, announced Tuesday that it is launching the MedTech Innovator contest and issued a call for applicants. The deadline is May 15. Winners will be decided by vote at the association's annual conference, which will take place in San Diego Oct. 5-7.

Companies can apply if their products and solutions address the following 10 areas of innovation that AdvaMed has identified:

  • Big Data & Analytics
  • Chronic Disease Management
  • Digital Health Meets Medical Device
  • Integrated Services and Solutions
  • Patient Safety
  • Patient Satisfaction
  • Personalized MedTech
  • Point of Care Diagnostics
  • Shifting to Less-invasive Therapies and Site of Care
  • Technology for Ambulatory and Home Settings

Early stage companies will compete to win cash prizes sponsored by RCT Ventures, based in Tucson, Arizona. 

“MedTech Innovator shines a spotlight on the importance of transformative technologies as the health care system continually evolves,” said Paul Grand, managing director, RCT Ventures. “The winning companies at AdvaMed 2015 will be the life-changing technologies of tomorrow, and we look forward to awarding the funding and the industry mentoring that can help bring them to the next level.”

The 10 categories were derived from a survey of 26 medtech companies and organizations including St. Jude Medical, GE Ventures, and Edwards Lifesciences.

More information about the competition is available medtechinnovator.com/2015here. 

Arundhati Parmar is senior editor at MD+DI. Reach her at [email protected] and on Twitter @aparmarbb 

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