The MedTech Accelerator, a collaborative effort between Mayo Clinic and Arizona State University has announced the selection of six digital health startups for its inaugural cohort. The MedTech Accelerator provides medical device and healthcare IT early-stage companies with personalized business development plans to collaborate with Mayo Clinic and ASU and accelerate go to market and investment opportunities.
Benefits of Accelerator for Selected Startups
The immersive experience will help participants develop or optimize new products and services, license intellectual property, and sponsor research and clinical studies. Participants will achieve this through individually tailored development plans, a trusted MedTech Accelerator entrepreneurship curriculum, idea mentoring and customer interactions within the health care ecosystem.
The accelerator kicks off with an immersion program April 22–May 3 at Mayo Clinic’s Arizona campus with ongoing activities that can be done remotely. The accelerator will be completed within six to 12 months, with incentives, offered to participants to stay and work in Arizona.
Here is a look at the MedTech Accelerator’s inaugural cohort:
– BioInteractive Technologies produce wearable device and protocols for hand and wrist therapy for sports medicine rehabilitation.
– GYANT combines messaging, artificial intelligence (AI) and medical experts to radically improve the diagnosis and treatment of conditions that are not urgent.
– Hexoskin produces a wearable shirt for in-home rehabilitation that contains embedded sensors connected to a remote patient monitoring platform. This technology behind this shirt uses AI and analytics from collected biometric data.
– Life365 Inc., an Arizona-based remote patient monitoring company is working to evaluate patient adherence to care plans in post-acute settings.
– Safe, a sexual health application, provides low-cost testing, information sharing, and relevant wellness education.
– Securisyn produces a medical device that provides airway stability for ventilated patients to prevent unplanned extubations.
“After a nationwide competitive application process, we couldn’t be more pleased with this first group of participating companies,” says Rick Hall, senior director of Health Innovation Programs at the ASU Edson College of Nursing and Health Innovation and ASU’s managing partner of the accelerator. “The high level of applicants surpassed our expectations, providing us with a strong pool of MedTech companies with big potential for disruptive success.”