Co-Founder Lydia Shin Schroter Takes NEMIC's Mission Global
NEMIC Co-Founder and Managing Partner Lydia Shin Schroter has been racking up the air miles lately. She’s been crisscrossing the globe, introducing the New England Medical Innovation Center and all it can do for the Med Tech industry to an international audience.
MTLP '22 Registration Now Open!
The Med Tech Leadership Program curriculum was designed based on firsthand research and interviews with industry professionals, CEOs, venture capitalists, angel investors, and seasoned Med Tech entrepreneurs. The goal was to provide aspiring entrepreneurs and Med Tech professionals with the complete picture of how to bring a regulated medical device or digital health product to market.
Softball 2022 Recap
Team NEMIC was overwhelmed with the response to this year's Softball; we received a record number of applications from Med Tech and Digital Health startups looking to be a part of the event. It was quite a challenge to narrow the pool down to the final lineup of pitchers.
Announcing the 2022-23 ACTIVATE Cohort
After much deliberation and consideration, the cohort for the NEMIC Foundation's 2022-23 Activate Program has been selected! While applications were only open for a brief amount of time, we were overwhelmed with both the quantity and quality of startup applicants interested in participating in this accelerator.
A Very Successful Med Tech Meetup
Thank you to everyone who was able to join Team NEMIC and Veranex for The Med Tech Meetup on August 3rd! We were thrilled to see so many familiar faces and many new ones.
It was a night packed with tasty drinks from the Blu Violet Roof Bar, catching up with old friends, and making new connections, all with the stunning Providence skyline as a backdrop.
Softball Pitch Night-- Call for Applicants
Calling Med Tech and Digital Health Startups!
We are partnering with MagpieX MedTech Ventures, RightHill Ventures, and Rogue Venture Partners to hold a Softball Pitch Night.
Save the Date: MEET, MIX + IMMERSE IN THE MEDTECH ECOSYSTEM
Join the New England Medical Innovation Center and Veranex for a summer MedTech meetup on August 3rd at 5 pm at the Blu Violet Rooftop in the new Downtown Aloft Hotel!
Meet, mix, and share a drink with industry executives and experts.
ActnerLab Program Recap
The NEMIC Foundation has just wrapped up another program with one of our earliest global partners, ActnerLab. Located in South Korea, ActnerLab is a business incubator and entrepreneurship education hub for Korean hardware startups with the goal of international expansion.
Med Tech Leadership Program '22 Graduates
Last night, the NEMIC Team held a gathering to celebrate the end of the program, and 5 teams pitched the projects that they've been working on.
We have something to show you!
With all that we do here at the NEMIC Foundation, it's sometimes hard to put it all into words. So, we made a video!
Well, not all on our own. We got some help from our talented friends.
401Gives and the NEMIC Foundation
When you donate to the Foundation for the New England Medical Innovation Center, you support innovators and entrepreneurs in Med Tech.
Ultimately, we help usher technologies to market so that they achieve their visions; which include advancing the patient and caregiver experience, creating more environmentally sustainable solutions, improving outcomes, mitigating risks, reducing costs, and much more.
NEMIC in the News- There's a new implant developed in Rhode Island to treat spine fractures
BARBARA MORSE: There's a new -- first and only one-of-its kind -- implant to treat spine fractures.
This idea was hatched in Rhode Island, through a collaboration that encourages the creation of new medical technology. It's called the New England Medical Innovation Center in Providence.
It was there that a man with both mechanical engineering and a business degree came up with what could revolutionize the way spine fractures are repaired.
"The very first one was done in 2019 and that one actually was in Oklahoma," said Dom Messerli, founder of Lenoss Medical, and the developer of this new device. "It's the first and only biological solution to treat those spinal fractures."
MagpieX MedTech Accelerator makes its first investment in infant positioning device startup, SmölTap
When an infant under four weeks of age shows a fever, the standard of care is a spinal tap to rule out Meningitis. This infection is dangerous, and delays in diagnosis can lead to an extended hospital stay or even death. The traditional constraint method consists of physically holding the baby in a 'crunched' position during the spinal tap procedure, which requires several people to keep the baby perfectly still while the tap is administered.
Fellow Spotlight: Aurie
Aurie has built technical prototypes of the catheter system and tested them in microbiology labs at the University of Notre Dame and conducted human factors testing of interactive prototypes with catheter users in Houston, TX. The startup has received several grants to support its vision, including from the National Science Foundation (NSF) and the National Institute of Disability, Independent Living and Rehabilitation Research.
Fellow Spotlight: Lenoss Medical
Lenoss Medical has entered the scene to introduce a disruptive new method of vertebral body augmentation. Lenoss Medical is a start-up with an innovative, biological bone implant technology for the treatment of painful spinal fractures. When natural, biological bone implants are used in weak, fractured vertebrae, a regenerative process can occur: new bone building, and repair of the fractured vertebrae may occur.
NEMIC on the News- Local 15-year-old with Raynaud's Disease unveils invention to battle disorder
PROVIDENCE, R.I. (WLNE)- Anthony Wilds, a 15-year-old from Pawtucket, has created his own invention to alleviate his almost constant symptoms of Raynaud’s Disease.
Alongside the New England Medical Innovation Center, the sophomore at the Metropolitan Regional Career and Technical Center unveiled his product known as “HotBandz.” This product serves as a heated band wrapped around the forearm and promotes circulation in the extremities.
Guest Podcast- Navigating the MedTech Valley of Death with Aidan Petrie, co-founder NEMIC
OCTO Product Development and Justin Sirotin released the newest episode of the Beyond Innovation podcast- with our own Aidan Petrie. Justin and Aidan discuss what it actually means to "navigate the valley of death", alongside some of the many facets of Med Tech innovation.
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.
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.
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.