ASU, Mayo Clinic pick startups for inaugural MedTech Accelerator
Six early-stage health information technology and medical device vendors are getting the opportunity to kick-start their healthcare go-to-market and investment strategies.
Arizona State University and the Mayo Clinic have picked six startups for the inaugural cohort of their MedTech Accelerator, an immersive experience to help companies develop or optimize new products and services, license intellectual property, as well as sponsor research and clinical studies.
“The inaugural cohort of the program consists of six extremely dynamic startups with product offerings we feel are poised to improve patient care and outcomes through their new innovations,” says Steven Lester, MD, medical director of the accelerator and associate medical director of the Mayo Clinic’s Department of Business Development.
The six companies selected to participate in the program include:
- BioInteractive Technologies, which produces wearable device and protocols for hand and wrist therapy for sports medicine rehabilitation.
- GYANT, which combines messaging, artificial intelligence and medical experts to radically improve the diagnosis and treatment of conditions that are not urgent.
- Hexoskin, which offers a wearable shirt for in-home rehabilitation that contains embedded sensors connected to a remote patient monitoring platform, and which leverages AI and analytics from collected biometric data.
- Life365, a remote patient monitoring vendor, 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, which produces a medical device that provides airway stability for ventilated patients to prevent unplanned extubations.
The MedTech Accelerator, part of the Mayo Clinic and Arizona State University Alliance for Health Care, began on Monday with an immersion program that runs through May 3 at Mayo Clinic's Arizona campus.
“After a nationwide competitive application process, we couldn’t be more pleased with this first group of participating companies,” says Rick Hall, ASU’s managing partner of the accelerator and senior director of health innovation programs at the ASU Edson College of Nursing and Health Innovation. “The high level of applicants surpassed our expectations, providing us with a strong pool of MedTech companies with big potential for disruptive success.”