Green Sun Medical Will Compete for $335,000 in Prizes
Fort Collins, Colo., September 27, 2016: Green Sun Medical, a Colorado-based Innosphere start-up company developing disruptive bracing technology for the treatment of kyphosis and adolescent scoliosis, was named by AdvaMed 2016: The MedTech Conference and MedTech Innovator as a finalist in the annual global competition AdvaMed 2016: The MedTech Conference, the leading event for medical technology professionals in North America, and MedTech Innovator today named Green Sun Medical as one of the four finalist companies in the annual global competition, which will conclude with two $25,000 JLABS awards, a $35,000 cash prize for execution, and the finals competition on October 19 for $250,000 in cash prizes.
Held in partnership with AdvaMed Accel, MedTech Innovator is the medtech industry’s global competition and virtual accelerator that identifies and accelerates the development of transformative innovations that benefit patients and deliver improved value to the health care system, including medical device, diagnostic, and digital health technologies.
“The MedTech Innovator finals at AdvaMed 2016 is the culmination of a year-long program, with six pitch sessions and three competitions held in seven cities around the globe, in an industry-wide collaboration of hundreds of companies to identify and move these transformative innovations forward,” said Paul Grand, CEO, MedTech Innovator. “On October 19, these four finalists will have an amazing opportunity to share their innovative technologies with the 2,500+ conference attendees, including many business development executives, venture capitalists and other industry influencers.”
“This is an honor to be a finalist at the Advamed2016 competition,” said Jamie Haggard, Green Sun Medical’s CEO and Co-Founder. “The MedTech Innovator program [link] has been an incredible accelerator for our company. With the help of this program, our development of a dynamic scoliosis brace for adolescent patients has greatly increased. They have given us incredible access to industry leaders that has streamlined our process. This experience also significantly helped our fundraising efforts with angelMD”
“Initiatives like MedTech Innovator are crucial to maintaining a healthy ecosystem for early-stage medical technology companies,” said Ashley Wittorf, executive director, AdvaMed Accel. “The four finalists are prime examples of the inventive and entrepreneurial spirit that drives the medical technology industry and excellent representatives of the more than 500 companies that applied to participate in business development focused programming at AdvaMed 2016.”
MedTech Innovator — AdvaMed 2016
MedTech Innovator 2016 began in February with the selection of 10 transformative technology themes identified in a MedTech Innovator/AdvaMed survey of 50 leading medtech companies. These industry-selected themes guided the selection of 20 semi-finalist companies in June from a pool of more than 430 applicants. The semi-finalists are currently participating in the MedTech Innovator virtual accelerator, a program designed to deliver strategic content and mentorship. The 2016 accelerator program will conclude with presentations by all 20 semi-finalists at AdvaMed 2016 in the Innovation Showcase on October 18 and 19, including the four finalists competing in the MedTech Innovator Finals. For more information on the road to the MedTech Innovator Finals, see medtechinnovator.org/2016finals.
The final round of the MedTech Innovator competition will be held during a plenary session at AdvaMed 2016 on Wednesday, October 19 at 7:30 a.m. The four finalists will make their presentations and be questioned by the judging panel, including Daniel Estes, vice chair, Mayo Clinic Ventures; Jennifer Kozak, vice president, new business development, Johnson & Johnson; Albert Lauritano, director, strategic technology partnerships, BD; and Tamara StClaire, chief innovation officer, Xerox Healthcare. The winners will then be determined by a real-time live audience vote, with cash prizes of $200,000 for first place and $50,000 for second place, which are supported by Johnson & Johnson, the Cottrell Foundation, BD (Becton, Dickinson and Company), Enterprise Ireland, IDA and RCT Ventures.
About AdvaMed 2016: The MedTech Conference
AdvaMed 2016: The MedTech Conference is the leading gathering in North America of global MedTech executives with regulatory, reimbursement, business development, legal, IP, marketing, quality, compliance, HR 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 Minneapolis from October 17-19. The conference also features world-class plenary speakers, networking, and business development opportunities.
Visit http://advamed2016.com, follow @AdvaMedConf on Twitter, or join the AdvaMed Conference LinkedIn group to learn more.