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LOS ANGELES, CA. (PRWEB) JANUARY 31, 2023 MedTech Color (MTC)—the nonprofit organization with a mission to advance the representation of persons of color in the Medtech industry—announced the 2023 Pitch Competition finalists.
The 2023 chosen entries for pitch day came from a pool of almost 100 nationwide applicants, who presented innovative ideas and technologies aiming to solve problems that can facilitate better outcomes for minority patients and underrepresented communities.
MTC’s Annual Pitch Competition provides African-American and Hispanic founders with a unique opportunity to showcase seed-stage innovations in wearable devices, diagnostics, digital health and other areas of interest in the industry. This year’s goal was to attract entrepreneurs raising equity in the amount of $250K to $3M.
To qualify, a company must be managed and controlled by African-American or Hispanic individuals. Applicants are expected to have prototypes or proof of concept evidence and development to compete at this level and benefit from the initiative’s numerous prizes.
The MedTech Color 2023 Pitch Competition top ten finalists are:
BIOMED
A subscription-based Healthcare platform that uses 3D Bioprinting, A.I./Machine Learning, Big Data, and a patient's DNA to improve patient healthcare outcomes.
Youme Healthcare Inc.
A personalized, comprehensive, and inclusive Telehealth and Psychiatry treatment company for low-income youth.
Thermaband
A Health-Tech company that provides thermal comfort through a temperature regulating bracelet and connected companion app with digital menopausal-related health insights.
Oben Health
A cardiovascular digital application that helps health plans and providers engage low-income Black and Brown patients to treat and reverse chronic heart diseases.
Navigate Maternity Inc
Navigate Maternity allows clinicians and care teams to remotely monitor prenatal and postpartum patients using real-time data to improve outcomes and avoid inequitable care.
MOVEMENT INTERACTIVE, INC.
A life-saving platform for athletes and senior citizens addressing undiagnosed concussions and unreported falls. Currently leveraged across three verticals.
Kiira Health Inc
A virtual first, hybrid Healthcare solution for women of color that provides access to culture-centered, evidence-based care for primary care, gynecology, and mental health.
illumifyDx, inc.
illumifyDx develops tests to analyze biofluids for early cancer detection focusing on cancers for which there are no biomarkers.
JuneBrain Inc.
A Telehealth eye-scanning system in development to remotely detect and monitor neurological and eye diseases for individuals suffering from these conditions.
Tanzen Medical, Inc.
Created RestEaze, an FDA breakthrough wearable device to aid in the diagnosis and treatment management of sleep movement disorders in adults and children.
Now in its third year, the MedTech Color’s Pitch Competition is recognized as an industry platform that brings together innovation and diversity. It presents African-American and Hispanic entrepreneurs with a stage to showcase and promote new technologies and solutions.
"MedTech Color’s Annual Pitch Competition is an imperative in our industry. It’s a platform to propel African-American and Hispanic founders with business opportunities and access to expert networks in a diverse and equitable space. They can compete for much-needed funding” said Kwame Ulmer, MedTech Color’s Founder and Executive Director.
Industry support for the competition has also grown exponentially. The 2023 program managed to involve more market leaders, joining the ranks of companies like Olympus—the Kick Off Accelerator sponsor—Resmed, Johnson & Johnson Medtech, the National Institute of Health, MedTech Impact Partners, Medmarc, the Larta Institute, California Life Sciences, MedTech Innovator and Wilson Sonsini. Regional and national partners from the private and public sectors have also offered in-kind, high-value prizes for all the applicants, finalists, and the top winners; including but not limited to mentorship and networking opportunities, as well as further access to other programs that will allow diverse talent to bring their products and services to market.
From February 1st, the top 10 MedTech Color Pitch Competition finalists will participate in a month-long bootcamp to strengthen the skills that can further prepare them for the industry and common challenges along the way; also, to equitably grow their businesses, brands, and leadership network within Medtech and beyond.
The MedTech Color Pitch Competition event will take place on March 3rd, 2023 at BiocienceLA in Culver City, CA. Sponsors, industry partners, VCs, students, MedTech Color’s professional members, previous Pitch Competition participants, and members of MTC’s Collaborative Community will also attend in support of the organization's mission: diversifying Medtech.
About MedTech Color:
MedTech Color is a 501(c)(3) nonprofit organization aiming to advance the representation of persons of color in the medical device industry; a destination and resource for professional development, thought leadership, and strategies to increase the number of underrepresented executives who enter, stay, and contribute to the industry. For more information, please visit: https://medtechcolor.org