TMCx companies pitch for potential advisors
The TMC Innovation Institute held its own “match day” event recently, which enabled the new medical device class to give its first pitch in front of advisors and subject-matter experts who may be able to help them move their devices toward commercialization.
The TMC Expert Forum pitch was the culmination of a three-week boot camp where members of the 11 startups received in-depth classes and training on topics that ranged from value proposition to financial models to regulatory guidelines.
“They are here to make a difference in people’s lives,” said Erik Halvorsen, Ph.D., director of the innovation institute, during his welcome speech to attendees. “You will hear founders talk about 11 significant unmet clinical needs, and we think they are onto something.”
Invited to the event were doctors, nurses, engineers, investors and entrepreneurs who want to share their experiences and knowledge with the companies as advisors or mentors.
Founders got up and pitched their companies, first describing the unmet need, then how their product is serving the need. At the end of each pitch came the ask: founders explained what sort of advisor or mentor they were looking for – anyone from a cardiologist to an expert on regulatory issues to a nurse who inserts IVs.
Much like “The Dating Game,” audience members listen to each startup CEO’s three-minute speech and identify which one or ones fit best with the expertise they have to offer on a large card. After the event, the cards are given to the startups so they can follow up.
Bryan Vartabedian, M.D., associate professor of pediatrics at Baylor College of Medicine and attending physician at Texas Children’s Hospital, was interested in many of the companies and spent a lot of time during the evening taking photos of the pitches and tweeting them out via his Twitter handle, @Doctor_V.
Although he is still trying to determine where he could be of the best use to the companies, he did reveal his favorite was WeaRobot, a company from Monterrey, Mexico that has designed an exoskeleton.
That got him two “likes.”
TMCx medical device class
- Allotrope Medical (Houston) provides precise ureter identification during minimally invasive surgery.
- Bloom Labs (New York) has a credit-card sized rescue inhaler for asthmatics.
- Blumio (San Francisco, @myblumio) is creating a sensor that can measure blood pressure continuously, without the need to rely on the use of an inflatable cuff.
- Briteseed (Chicago, @safesnips) develops smart surgical tools that make surgeons more confident.
- Flexios (Houston) provides streamlined surgical solutions for tendon repair that improve strength, smoothness, and patient satisfaction.
- IntuiTap Medical (Houston, @IntuiTapMedical) has a handheld device that eliminates the guesswork from spinal taps.
- NovaScan (Milwaukee, Wis.) is pioneering an oncology diagnostic platform that provides highly accurate, instantaneous detection of cancer without capital equipment.
- Otricath (Houston) is a catheter system changing the rules in the delivery of liver cancer treatment.
- Voyager Biomedical (College Station, Texas) is creating a better solution for vascular access in dialysis patients.
- WeaRobot (Monterrey, Mexico, @WeaRobot_) is an active exoskeleton for seniors and the physically impaired.
- WestFace Medical (Palo Alto, Calif., @westfacemd) puts imaging at the tip of any needle providing clinician guidance to improve clinical outcomes, lower costs and increase patient satisfaction.