Tag: medtech

Startups present their solutions at the Pitch Day of EIT Health Validation Lab

The EIT Health Pitch Day marked the end of this year’s EIT Health Validation Lab, and sent 17 early-stage MedTech startups into the market. The event was held entirely online on October 27 and gave teams a chance to pitch their innovation to our network. Lifelet Medical took the coveted first prize. 

“The Validation Lab was a great experience for Lifelet Medical, where we received excellent domain-specific mentorship and coaching. It was an honor to work with all of the startups, and we are delighted for the opportunity to advance to the central pitch competition and to accelerate our technology further”, says Elle Sander, co-founder of Lifelet Medical.

A partnership between EIT Health & YES!Delft

EIT Health Validation Lab is a partnership between YES!Delft and EIT Health. The two organizations join forces to offer early-stage companies an opportunity to validate their technology as best as possible, and combine YES!Delft’s startup expertise with the extensive knowledge and network of EIT Health. 

Over the course of eight weeks, the two parties provided the right tooling and coaching to startups to develop their skills to validate their riskiest business assumptions, to sharpen their problem-solution-fit, and find their product-market-fit. The Validation Lab is designed to help promising MedTech teams get in touch with mentors and industry specialists already early on. 

Solving a severe and relevant problem

Lifelet Medical, the winner of this edition, is on an ambitious yet very important mission. The team aims to improve the lives of patients with heart valve disease by developing fully synthetic durable and sustainable heart valve leaflets for life. 

“Lifelet is solving a severe problem that is very relevant worldwide, they have a unique innovation and an excellent team,” said Evert Jaap Lugt, Managing Director of YES!Delft, when he announced the startup as the winner. 

“We would like to thank all the startups and ecosystem partners for their ongoing enthusiasm throughout the program. I’m very curious to see what the future holds for these game-changers, I have very high expectations after everything we’ve seen so far”, says MedTech Program Manager, Claire Visser.

Flux Medical Systems

Flux Medical Systems

Flux is a Health Management System that optimizes the workflow of medical professionals so that they can do what they do best: provide excellent patient care.

SLAM Orthopedic

SLAM Orthopedic

SLAM Orthopedic is developing a technology for orthopedic surgery, specifically fracture care using metal screws and plates. Our goal is to help surgeons operate more effectively and efficiently. To do this we have created a sensor that gathers data during drilling and shows the required screw length immediately. This eliminates the need for manual measurement of the bore depth which is imprecise and error-prone, improving the lives of the surgeons and the patients.

Prognoix

Prognoix

1 in 5 men worldwide suffers from erectile dysfunction (ED). Using a home-based digital MedTech solution, Prognoix provides reliable ED analysis that improves clinical outcomes for ED treatment.

EIT Health Validation Lab

For 10 medtech startups, the EIT Health Validation Lab is over and the journey begins

The fifth edition of the EIT Health Validation Lab came to an end for 10 startups at YES!Delft this week. The Pitch Day marked the close of the two-month program and brought a number of highlights with it. The event, which welcomed more than 100 guests, gave a platform to all participating startups to pitch their business idea in front of a jury, with KroniKare emerging as the big winner and both Slam Ortho and VitalFlap as the runners-up. 

Over the course of eight weeks, the medtech startups got the opportunity to travel across the Netherlands and Europe to validate their business case. Meeting up with experts at leading universities, healthcare companies and hospitals such as Reinier de Graff in Delft, Haaglanden MC in The Hague, HealthValley Nijmegen and the Leiden Centre for Innovation and Entrepreneurship (PLNT), they tested the market potential of their ideas.

Kronikare, the winner of this edition, is a startup developing a wound scanner that uses AI to automate the process of wound assessment to just 30 seconds. By providing a real-time solution, the team hopes to give clinicians more time and less effort to improve their work. 

“It is brilliant how much the pitches improved since I saw the startups in our hospital just a few weeks ago,” said Marten van der Elst, one of the jury members, working at Reinier de Graaf. 

As the winner of the pitch competition, KroniKare will get a ticket to this year’s edition of the EIT Health Summit, which will take place on December 2-3 in Paris, France.

 

EIT Health Validation Lab is a partnership between YES!Delft and EIT Health and combines YES!Delft’s startup expertise with extensive knowledge and network of EIT Health. It is designed to help promising medtech teams validate their technology by working closely with mentors and industry specialists. The program is organized together with partners Biocat, LUMC, FAU, TU Delft, UMCG and University of Copenhagen

Top 10 startup success stories: March

It’s has been a busy month for the startup incubator YES!Delft – we officially opened our new location, YES!Delft The Hague. And our startups have been hustling too!  
Here we have selected the top 10 startup success stories for March:

 

1. Envision

Not only has AI startup Envision made the move to the brand new YES!Delft the Hague Digital Hub, at its grand opening they celebrated having successfully raised 250 000 EUR seed investment. Of course, they did so in traditional YES!Delft style; sabering champagne like pros!

Apply for the AI/Blockchain Validation Lab

 

2. Warp Industries

At Get in the Ring 2019, EdTech/AI startup Warp Industries wowed the 16 judges and came out on top in their battle. Out of 87 participants, this startup pitched their way to the top! This means they will be attending Global Meetup 2019 in Berlin, a huge networking event with other startups, investors, and innovation professionals.

 

3. VIBES.technology

Since 2016 the team has been developing intuitive and user-friendly applications that make complex sound and vibration levels analysis accessible. Now VIBES.technology have launched DIRAC, the first software of its kind and a breakthrough application for test-based modeling. DIRAC ensures traceability of results and indicates the quality of the measurement.

 

4. Smart-Ship

Currently in our Accelerator Program, Smart-Ship continues to make waves! Their ambitious goal of autonomous shipping has landed the team a feature in Maritime Delta. Their innovative technology aims for a harmonious collaboration between man and machine to minimize human error in the shipping industry.

 

5. NOWI

The Dutch Semiconductor innovator won first place at the 2019 IoT World Cup for its work on energy harvesting technology. NOWI technology enables companies to use the energy that is already readily available around the device. This can be light, heat, movement or even radio waves. There is energy all around us that can now be converted and used to power IoT devices.

Apply for the Complex Tech Validation Lab

 

6. STIL

This MedTech startup, developing a brace to help stabilize the hands of Parkinson’s patients, has received funding from the Rabobank Innovation Fund. Moreover, Rabobank and STIL have joined forces so that the anti-tremor brace can be tested in a Clinical Study.

 

7. Somnox

This robotics tech startup dream team has landed (another!) feature by the BBC. Moreover, the first sleeping robots are on their way to the earliest backers of the startup! The first sleep robots started to reach their Kickstarter backers this week! A dream come true!

 

8. BI/OND

Big round of applause: BI/OND, one of our MedTech startups, has made it to the final of the Philips Innovation Award! On May 6, BI/OND are pitching against 4 other startups in the Innovator Award category grand final. And they’re not the only YES!Delft startup! DeNoize, part of the Accelerator Program, is in the final as well. The main prize is 50 000 EUR cash. Fingers crossed for both of these amazing startups!

Yesterday, the Semi-Final & Innovation Market took place in het Drijvend Paviljoen in Rotterdam. It was a day full of…

Geplaatst door Philips Innovation Award op Donderdag 21 maart 2019

 

9. Solar Monkey

The startup, whose innovative software maps the yield of solar panels, has raised 1M in funding. The money will be used to speed up the rollout, and breaking through in the international market!

 

10. Hello Tomorrow

We visited the Hello Tomorrow Summit in Paris, where we met many familiar faces! Rob Bedeuker, DSM Investment Director and one of the mentors from our upcoming BioTech Validation Lab, was a speaker in the summit. He talked during an investment panel focused on BioTech. Moreover, we were delighted to see some of our startups in attendance!

DeNoize, part of our Accelerator Program, ran a busy booth showcasing their noise-reducing glass solution.  

Nowi, incubated at YES!Delft, pitched in the Industry 4.0 track.

Munevo, EITHealth Validation Lab 2018 alumni, pitched in the Healthcare track. They also ran a booth where visitors could try out moving a scooter with smart glasses!   

Apply for the BioTech Lab

Innovation fund FundIQare invests in Momo Medical

Yes!Delft startup Momo Medical had an amazing announcement at yesterday’s Venture Café Rotterdam. FundIQare wants to support Momo Medical with a financial injection to expand the production capacity and scaling up the startup. They will also get the opportunity to further develop their technology in a living lab environment.

 

Momo Medical, founded in 2017, is an initiative of the young Delft entrepreneurs Ide Swager and Menno Gravemaker. They developed a tech solution for the prevention of pressure sores (decubitus ulcera) in elderly and chronically ill patients. The technology consists of a compact combination of sensors that can be used flexibly in beds. A sensor plate is placed underneath the mattress, which is connected to a control unit. The smart sensors and advanced algorithms map the client’s lying behavior and communicate it in a clear manner to health care professionals.

 

Momo Medical co-founder Menno used a soccer analogy to refer to their 19-month journey as a startup. “There is the saying in soccer that you always have to keep an eye on the ball. We believe there’s more to it because if you only have the eye on the ball you forget what the goal is and you lose sight of the people around you. And at the end of the game, you also need to reflect in order to learn.”

 

You can read the whole story of Momo Medical here and their press release here.

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