Scouring the Southeast for the top medtech startups: Our February PitchRounds Road Show takeaways

 In News

Our February Pitch Rounds have come and gone- supplying us insight into dozens of young companies that are developing novel medical devices in the Southeast. We traveled to Orlando, Birmingham, Memphis, Charleston, and Raleigh; we have seen 26 companies pitch, hosted 250+ medtech pros, and have furthered our partnership with new SEMDA sponsors.

There is much to say about the Southeast’s medtech ecosystem as a whole. One thing that we know and was reinforced by the road show, is the support system in the Southeast for young medical device companies is strong. There are numerous resources available to help guide innovators and engineers- and the SEMDA network is just one of the many.

“SEMDA is now more than a conference,” says Bob Crutchfield of Herbert Venture Partners. “By connecting entrepreneurs with corporate development leaders, licensing groups, and universities- we are truly fostering the acceleration of innovation.”

Related: Top Regional Resources for Southeast Medtech Innovation Innovators Part 1 & Part 2

Furthering regional engagement & meeting the minds behind up and coming medtech innovation

On the road, we were able to connect with industry leaders and investors providing time and funding to young companies. Despite the ghastly national medtech investment numbers that were recently reported, there are promising technologies being developed in the Southeast by excellent teams that fill unmet clinical needs with sizeable addressable markets. If the ecosystem continues to provide guidance to young companies, an increase in funding should follow.

Related: MassDevice: “GCMI and BD to support medtech startups in the Southeast”

Congratulations to all of the winners to date: MYOLYN, Vital Metrix, Compliant Games, Contego Medical, and Nancy Demore with Enci Therapeutics. Here is a little bit about the other companies you will see pitch during the SEMDA flagship conference.

Compliant Games – PitchRounds Memphis Winner

Compliant Games has taken a familiar technology, incentive spirometers, and integrated it to work with a game. The games designed by Compliant correspond to their patent pending adapter, AirLane™ which plugs into a conventional incentive spirometry and positive expiratory pressure (PEP) device, and is designed to use the telemetry that is collected in AirLane™. The device is a cool, fun and engaging way to improve both the quality and quantity of exercises performed by the patient.

Contego Medical – PitchRounds Raleigh Winner

Contego Medical, founded in 2005, has developed three novel emboli protection devices. The main feature of each device is that the treatment portion (i.e., balloon or stent) is on the same catheter as the embolic protection device, thus coupling the two together. This device can act as an angioplasty balloon with an integrated emboli protection device- changing the game in the treatment of cardiovascular disease.

Dr. Nancy Demore, MD – PitchRounds Charleston Winner

Dr. Nancy Demore, in collaboration with Dr. Delphine, Dean of the Department of Bioengineering at Clemson University, created a titanium metal detector that localizes biopsy clips placed at the site of breast tissue biopsies. The device is a handheld metal detector that can be inserted into a surgical incision to help locate small titanium markers without an invasive procedure to insert a localizing wire, radioactive seed, or reflective chip.Their technology is the only localization device that eliminates the step of inserting a marker into the breast before the surgical procedure. Eliminating this invasive procedure will save time for the patient, reduce pain, and be a better way to localize clips than the current standard of care.

We would like to extend a thank you to the 2017 PitchRounds Road Show sponsors BakerHostetler, Butler Snow, GCMI, Johnson & Johnson Innovation, Medmarc, and Write2Market.

Innovation: Concept to Commercialization at SEMDA 2017

Access the Southeast’s regional medtech resources, concept to commercialization, at SEMDA 2017 April 26 and 27. Register today!