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15-Year-Old Entrepreneur Creates Wearable Device for Raynaud's Disease

HotBandz is a startup creating a wearable warming device that will combat the painful and disabling blood circulation problem that comes along with Raynaud's Disease. HotBandz’s heated band wraps around the forearm and raises the temperature of the small arteries in the inner forearm. This promotes free circulation to return, all while having full use of the hands and fingers. HotBandz will give those with Raynaud’s Disease a convenient and cost-effective method of symptom management.

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Blog Blog

Fellow Spotlight: Lura Health

Today we're highlighting a longtime program fellow of ours, Lura Health.

Lura's mission is to provide everyone with continual streams of critical health data, anytime, anywhere, to prevent health emergencies, manage chronic diseases, and achieve health goals.

Saliva is an incredible diagnostic fluid and is used to test over 1,000 health conditions. However, there is no way to continually analyze saliva as it relies on one-time sampling and lab analysis.

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Blog Blog

How Fintech is Lowering the Cost of Healthcare by MagpieX Med Tech Ventures

There is a movement of Fintech startups that have broken out of their sector to fight the high costs of healthcare in the United States.

Part of what makes the American healthcare system so expensive is the reliance on a fee-for-service (FFS) model of healthcare provision. A doctor provides a service such as prescribing a drug, test, or procedure and then receives payment. Healthcare industry experts point at the FFS model as the reason behind the over-prescription of tests, procedures, and drugs.

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Blog Blog

NEMIC’s Mid-Summer Recap

As we head into the strategy season for education-focused groups like NEMIC, we took a moment to reflect on the past year which has seen unplanned, but significant progress for our Med Tech community.

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Press Release Press Release

21 Rhode Islander’s Graduate from NEMIC’s Med Tech Leadership Program in Partnership with Back to Work; Program Concludes with an Educational Pitch Night

Providence, RI - May 20, 2021 – The 2nd cohort of NEMIC’s Med Tech Leadership Program participants graduates after educational pitch event on Monday evening, May 18th.

The Med Tech Leadership Program is NEMIC’s signature educational program designed to teach innovators, entrepreneurs, industry, clinicians, investors, and anyone interested in learning a holistic view of regulated medical technology development, best commercialization practices, and business leadership for regulated medical technologies.

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Press Release: Rhode Island based startup, Lenoss Medical raises $1.3 million to launch new spinal technology challenging the osseous healing paradigm

Providence, RI – May 5th, 2021 – Lenoss Medical, a biomedical start up focused on physiological repair of osteoporotic spinal fractures has raised $1.3 million in a seed funding round from Cherrystone Angel Group, Slater Technology Fund, Walnut Ventures, Beacon Angels, River Valley Investors, Magpie Neurosurgical Innovation Fund and Mr. Hansjoerg Wyss.

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Registration Now Open: Digital Health Accelerator

Applications are now open for our Digital Health Accelerator, in partnership with the Brown-Lifespan Center for Digital Health, is an intensive business accelerator program created to support digital health solutions which have come to the forefront of innovation due to the COVID-19 Pandemic. We are looking for startups who are utilizing technologies like machine learning, artificial intelligence, telemedicine, and digital therapies that are being developed here in Rhode Island.

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