During mHUB's highly anticipated MedTech Demo Day event on September 13 & 14, 10 groundbreaking medical device startups celebrated their completion of the six-month mHUB Accelerator program by showcasing their technology and recent milestones to audiences of investors, industry partners, and members of the hardtech innovation ecosystem.
Since starting the program in March, these teams have filed for 15 patents, scheduled 10 clinical trials and pilots, hired 8 full time employees, and raised over 4.2 million dollars.
mHUB's accelerator program provides a valuable network of industry experts, mentors, and hardtech venture capital, helping early-stage tech companies overcome the challenges of prototyping and scaling their businesses.
Under the guidance of Executive Director Bill Fienup, this year's MedTech Accelerator program began by focusing on customer discovery. Startups identified their target customers and markets, then dove into rapid prototyping. Some refined initial designs, while others developed iterative generations of existing solutions.
Business and financial acumen are paramount in the accelerator program. Each startup was paired with a mentor who assisted in defining their business and financial models, unit economics, and go-to-market strategy. At the program's midpoint, the cohort teams pitched their business plans and product-market fit to a select group of program stakeholders and corporate partners to receive strategic investments.
These efforts culminated in ten inspiring Demo Day pitches, where each startup showcased their passion to revolutionize healthcare and improve patient outcomes with their innovative technologies.
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