APBN New Site

APBN Developing Site

MedTech Innovator Selects Start-ups for Annual Asia Pacific Accelerator

Twenty start-ups from across the globe announced to be participating in the annual Asia Pacific Accelerator programme organized by MedTech Innovator, in partnership with Asia Pacific Medical Technology Association (APACMed).

As the first and only regional association to provide a unified voice for the medical technology industry, MedTech Innovator announced the 20 companies selected to participate in the organization’s Asia Pacific Accelerator program. Each of the chosen companies will receive high-profile visibility to health care investors, stakeholders and decision-makers, as well as customized mentorship through one-on-one matching with corporate partners to help with commercialization throughout Asia Pacific.

It also announced the continued sponsorship by Johnson & Johnson Medical Devices of the MedTech Innovator Asia Pacific program for the next three years. As its founding sponsor for MedTech Innovator’s United States Showcase program, Johnson & Johnson looks to continue working with the Asia Pacific Accelerator program to provide in-depth support and mentorship to this year’s cohort.

“MedTech Innovator’s program companies represent the best of the best, and we are thrilled to announce the 20 start-ups carefully selected to participate in this year’s Asia Pacific program,” said Paul Grand, CEO of MedTech Innovator.

“These promising start-ups are committed to addressing health issues that are prevalent in the Asia Pacific region with the goal of improving the lives of patients through leading-edge innovation.”

He also further shared how MedTech Innovator’s program network of sponsors and partners, which ultimately enables these early-stage companies to learn first-hand from industry leaders and gain unparalleled guidance and resources to help them succeed.

Tim Schmid, Company Group Chairman, Medical Devices Asia Pacific at Johnson & Johnson, said. “We are proud to be a founding sponsor of MedTech Innovator and a strong supporter of its Asia Pacific program. At Johnson & Johnson, we seek to positively impact human health through innovation and collaboration, and we are committed to helping foster a strong Medtech ecosystem in Asia Pacific that enables innovators to tackle the region’s critical health needs and improve people’s lives. We look forward to a vibrant exchange of ideas with the start-ups.”

The sixth annual Asia Pacific MedTech Forum, to be held in Singapore from 26 to 28 April 2020, will host the 20 Accelerator companies for the MedTech Innovator Asia Pacific Showcase. Participating companies will have the opportunity to present to an audience of more than 750 delegates, including health care industry leaders, health care providers, and investors from across the region.

Out of the 20 companies in the Asia Pacific program, only four start-ups from the 2020 Asia Pacific cohort will advance to compete in the Grand Finals. The winning company, which will be determined by audience vote, stands to win a non-dilutive cash prize and the title of 2020 MedTech Innovator Asia Pacific Winner. The participants can look forward to up to $300,000 in cash prizes and awards will be given out to Accelerator companies.

The top 20 start-ups come from a variety of countries such as Singapore, India, Malaysia, Japan, China, South Korea, and United States.

MedTech Innovator’s 2020 Asia Pacific program sponsors include Johnson & Johnson Medical Devices Companies, Align Technology, Nipro Medical Corporation, Oliver Healthcare Packaging, Olympus Medical Systems Group, Siemens Healthineers, and Enterprise Singapore. The MedTech Innovator Asia Pacific Program is held in partnership with APACMed. [APBN]