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Mayo Clinic Picks Two Canadian Start-ups for Med-Tech Incubator

  • Apr 29th, 2019
  • Sanj Singh

Mayo Clinic, ASU Pick Two Canadian Start-ups for Health IT Accelerator.

A recent April 22, 2019 announcement by the Mayo Clinic provides an indication of the vitality of Canadian health innovators and their ability to compete globally.  Taking 33% of the available spots in the prestigious inaugural cohort of the MedTech Accelerator bodes well for Canadian researchers and developers.  The accelerator will help early-stage medtech companies develop and perfect new products, license intellectual property and sponsor necessary research and studies. The six start-ups will pursue their goals through personalized development plans, an entrepreneurship curriculum, mentoring and consumer interactions.  After their time in the program, participants will have created business development plans in partnership with ASU and Mayo Clinic. They will also have access to accelerated investment and marketing opportunities.

The Mayo Clinic and Arizona State University (ASU) announced on the selection of six start-ups for its inaugural cohort of the MedTech Accelerator, including start-ups focusing on artificial intelligence and remote patient monitoring..  The effort will help advance AI, wearables, engaging consumers at home and more.

A highlight of the six selected start-ups is that it includes two Canadian firms:

  • Vancouver-based BioInteractive Technologies which is developing wearable devices and protocols for hand and wrist therapy for sports medicine rehabilitation.
  • Montreal-based Hexoskin which produces a OHI’s team, the Strategic Advisory Council, which includes the Saskatchewan Health Authority, S.U.N., academic research institutes and businesses highlight the organization’s ability to bring together diverse groups to accomplishing a common vision. The creation of OHI some have remarked is an innovation in itself.  wearable shirt for in-home rehabilitation that contains embedded sensors connected to a remote patient monitoring platform. This technology behind this shirt uses AI and analytics from collected biometric data.

Other start-ups selected include:

  • GYANT (San Francisco) combines messaging, artificial intelligence and medical experts to radically improve the diagnosis and treatment of conditions that are not urgent.
  • Life365 (Tempe) is working to evaluate patient adherence to care plans in post-acute settings.
  • Safe (Los Angeles) a sexual health application provides low-cost testing, information sharing and relevant wellness education.
  • Securisyn (Highlands Ranch, Colo.) produces a medical device that provides airway stability for ventilated patients to prevent unplanned extubations.

I think Canadian entrepreneurs in the health sector can thrive and compete successfully provided services and connections like those at MedTech become more available in Canada.  We in Saskatchewan have a unique opportunity through the development of the Office of Health Innovation for Economic and Development Growth (OHI) to stimulate global innovation locally.  It is the role of OHI in Saskatchewan to create the ecosystem, networks and alliances which support individuals and organizations seeking to conceive, test, develop and market innovative products, services and solutions for the health and wellness economy.  OHI’s planned team, the Strategic Advisory Council, which includes the Saskatchewan Health Authority, Saskathewan Union of Nurses, academic research institutes and businesses highlight the organization’s ability to bring together diverse groups to accomplishing a common vision. The creation of OHI some have remarked is an innovation in itself.

Links: Health IT & CIO Report    and    Healthcare IT News

Author

Sanj Singh

Sanj Singh, President of LMI and CEO of Temple Therapeutics B.V.  He also serves on the Board of Directors of BioteCanada and is the Vice-Chair of its Emerging Companies Advisory Board. He is serves as the Lead for the OHI Working Group.

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