The Sudbury, Ontario startup was also selected as one of 50 Best-in-Class Startups to participate in MedTech Innovator’s flagship four-month program
Flosonics Medical is pleased to announce that it was accepted into MedTech Innovator’s prestigious Accelerator Program.
The award-winning program facilitated by the premier Los Angeles, California non-profit medical technology accelerator matches startups with senior industry leaders to receive in-depth, customized mentorship and support.
With a competitive 3% acceptance rate, the selection process for MedTech Innovator’s 2019 program set the bar high for applicants.
Together with the senior leadership teams of its corporate partners and over 200 industry judges, MedTech Innovator traveled to evaluate over 150 candidates in person out of over 800 applications from 34 countries and 45 U.S. states.
Flosonics Medical, a Canadian medical device company headquartered in Northern Ontario, is proud to be accepted into the MedTech Innovator Accelerator Program as it prepares for the commercialization of its core technology FloPatch.
“We are delighted to be participating in MedTech Innovator’s Accelerator Program, and we’re looking forward to learning from industry veterans as we bring our novel FloPatch technology to market,” said Joe Eibl, co-founder and CEO of Flosonics Medical.
MedTech Innovator also announced that Flosonics Medical was chosen among 50 best-in-class startups to participate in the organization’s flagship four-month program, featuring leading-edge device, diagnostic, and digital health technologies from around the world.
The program provides these startups with unparalleled visibility and access to leading manufacturers, providers, investors, and other industry stakeholders.
Leadership teams from the 50 startup companies gathered in San Francisco on June 19 for the annual MedTech Innovator Summit. During the two-day exclusive event, innovators from early to later-stage startups collaborated with MedTech Innovator’s 20 corporate partners to find solutions to common challenges and mechanisms to accelerate the development of their technologies.
They were joined by investors, providers, payers, and industry stakeholders such as representatives from federal agencies like National Institutes of Health (NIH) and the Biomedical Advanced Research and Development Authority (BARDA).
All 50 companies then presented in a Showcase and partnering meetings with executives and investors on June 21 at Wilson Sonsini Goodrich & Rosati’s 27th Annual Medical Device Conference where they vied for more than $500,000 in cash prizes and incubator space over the course of the program.
The chosen startups also presented in showcase panels and gained access to exclusive partnering and roundtables at The MedTech Conference powered by AdvaMed from September 23 to 25 in Boston where additional awards were presented.
“We take great pride in bringing the world’s best medtech ecosystem together with standout entrepreneurs to provide them with the resources and connections needed to bring their transformative technologies to patients,” said Paul Grand, CEO of MedTech Innovator.
“I’m pleased to share that MedTech Innovator alumni companies have now achieved more than $1 billion in follow-on funding – a testament to the quality of our portfolio companies, their innovations, and their teams.”
Grand added that MedTech Innovator is gratified that its alumni companies often credit the organization’s support and industry ecosystem as an important factor in their success.
Since 2013, MedTech Innovator has reviewed more than 3,000 startups and graduated 185 companies that have gone on to raise more than $1 billion in follow-on funding and bring 37 products to the market.
The organization works closely with stakeholders across the industry to foster the growth of early to mid-stage startups.
In collaboration with 20 corporate partners, as well as a broader network of hundreds of investors, business development representatives, and industry experts, MedTech Innovator provides startups with individualized mentorship and feedback, funding opportunities, and continual engagement with peers and advisors.
The organization also launched MedTech Innovator Asia Pacific in 2019 to accelerate the growth of promising medical device startups addressing healthcare needs across the region.
About MedTech Innovator
Based in Los Angeles, Calif., MedTech Innovator is the premier nonprofit startup accelerator in the medical technology industry. Its mission is to improve the lives of patients by accelerating the growth of companies that are transforming the healthcare system. MedTech Innovator matches healthcare industry leaders with innovative early-stage and emerging growth medtech companies for mentorship and support. For more information about MedTech Innovator, visit www.medtechinnovator.org and follow @MedTechAwards on Twitter.