• By Jim McVeigh

Mayo Clinic and ASU MedTech Accelerator boosts health startups

March 30, 2021
Mayo Clinic Arizona building with sunset or sunrise in the background

The MedTech Accelerator is a flagship program of Mayo Clinic and Arizona State University Alliance for Health Care, providing early-stage medical device and health care technology companies with an entrepreneurial curriculum and personalized business development plans to accelerate go-to-market and investment possibilities.

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TEMPE, Ariz. — Few things have better illustrated the need for innovative medical technologies than the COVID-19 pandemic. The Mayo Clinic and ASU MedTech Accelerator, a flagship program of the Mayo Clinic and ASU Alliance for Health Care, was designed to help empower medical startups to better navigate challenges while bringing forth life-changing health innovations. The second cohort of this program is set to launch March 30, 2021.

The accelerator provides emerging companies with a multi-day immersive curriculum in health care entrepreneurship including: lectures and workshops with world-class scientific and engineering experts; resources to navigate regulatory pathways; and tools for product commercialization and customer acquisition. Additionally, participants attend mentoring, business development, and networking events.

“The need for innovation in health care has never been more evident than right now,” said Rick Hall, senior director of health innovation at ASU’s Edson College of Nursing and Health Innovation and managing partner of the MedTech Accelerator. “We are seeing an acceleration in disruptions related to technology and an appetite by stakeholders, regulators, and policy makers to leverage innovation while also breaking down the barriers that have traditionally slowed development and adoption. Smart entrepreneurs are using this time to develop solutions that are timely, adaptable, and needed.”

After the monthlong curriculum portion of the program, the cohort will remain a part of the MedTech Accelerator support network allowing startups continued collaboration and guidance.

“This is an unparalleled launchpad for companies to engage with physicians and entrepreneurs from a top health care facility such as Mayo as well as innovative experts at ASU,” said Dr. Steven Lester, associate medical director of Mayo Clinic’s Department of Business Development and co-founder and chief medical officer of the MedTech Accelerator. “It’s truly incredible the way this collaboration has connected the complex systems at both of these institutions to help bring the best resources and brightest minds to these companies.”

Read more about participating companies in this news release.

Learn more about the Mayo Clinic and ASU MedTech Accelerator.

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About Mayo Clinic
Mayo Clinic is a nonprofit organization committed to innovation in clinical practice, education and research, and providing compassion, expertise and answers to everyone who needs healing. Visit the Mayo Clinic News Network for additional Mayo Clinic news.

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