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AdvaMed 2015 Issues Call for Transformative Medical Technology Companies to Apply for MedTech Innovator Competition

5.12.2015

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AdvaMed 2015: The MedTech Conference Issues Call for Transformative Medical Technology Companies to Apply for MedTech Innovator Competition

WASHINGTON, D.C. – AdvaMed 2015: The MedTech Conference, the leading gathering of medical technology professionals in North America, has issued a call for transformative companies to apply for the MedTech Innovator competition by the May 15 deadline.

The MedTech Innovator competition, held in partnership between RCT Ventures and the Advanced Medical Technology Association (AdvaMed), identifies and rewards outstanding early-stage medical device companies. The winners of MedTech Innovator 2015 will be selected at AdvaMed 2015, October 5-7 in San Diego by a vote of the audience and will compete for cash prizes sponsored by RCT Ventures and other industry partners.

“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.”

Companies are encouraged to submit technologies for the competition that address one or more of the following 10 key areas for medical technology innovation:

  • 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

The themes were identified in a survey of 26 leading MedTech manufacturers and providers including BD, Edwards Lifesciences, GE Ventures, Johnson & Johnson, ResMed, UCLA Health, Cardiovascular Systems, Inc. and St. Jude Medical.

“As part of BD’s external innovation program, the company is establishing vibrant relationships with global accelerator programs with the goal of finding and mentoring cutting-edge startups that address key challenges of improving healthcare delivery and outcomes,” said Ellen Strahlman, executive vice president R&D and chief medical officer at BD.  “BD is excited to team with AdvaMed, RCT Ventures and the other MedTech Innovator Program sponsors to bring a unique approach to finding and supporting desperately needed transformative innovation addressing the programs’ healthcare technology themes.”

“Transforming patient care through meaningful innovation is central to Johnson & Johnson’s mission of helping millions of people to live longer, healthier and happier lives,” said Gary Pruden, Worldwide Chairman of Medical Devices for Johnson & Johnson and AdvaMed Board Member. “Partnering with our industry colleagues and AdvaMed, MedTech Innovator provides a unique platform to foster innovation that benefits patients, and we are delighted to be a key sponsor of the program.”

More information on the 10 Key Areas for Medical Technology Innovation and the MedTech Innovator competition can be found on medtechinnovator.com/2015, and further details on AdvaMed 2015 can be found on www.advamed2015.com.

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About AdvaMed 2015: The MedTech Conference

AdvaMed 2015: The MedTech Conference is the leading gathering in North America of global MedTech executives with regulatory, reimbursement, business development, legal, IP, marketing, quality, compliance, and other key responsibilities. Along with industry leaders, the international conference attracts business development professionals, investors, policy-makers, members of the media, legal experts, consultants, distributors and other important stakeholders.

More than 2,500 attendees will network, conduct business, gain access to capital and share insights in San Diego from October 5-7. The conference also features world-class plenary speakers, networking and business development opportunities.

Visit http://advamed2015.com, follow @AdvaMedConf on Twitter, or join the AdvaMed Conference LinkedIn group to learn more.

About MedTech Innovator and RCT Ventures

Over the past two years, RCT Ventures has produced five MedTech innovation competitions, with submissions from more than 550 early-stage medical device companies from around the globe. Competing companies are mentored by key industry stakeholders and the winners are selected by a real-time vote of the industry audience using their smartphones. RCT Ventures is an early-stage biomedical investment program of Tucson, Ariz.-based Research Corporation Technologies Inc. To learn more about RCT Ventures, visit http://localhost.

Media Contacts:

Lauren Belisle (AdvaMed 2015) 703-739-2424 x111 or lb@medtechconference.org Mark Brager (AdvaMed) 202-434-7244 or mbrager@advamed.org