The Medical Technology Business Incubator created by ProMedica Innovations will provide life science technology businesses with support services to boost their chances of commercial success by providing training, mentors, space, professional assistance and capital.
The incubator has invested in its first start-up company, Sylvania, Ohio-based VentureMed Group, which is working on developing and commercializing devices to treat common vascular diseases. VentureMed Group’s first invention, a catheter that cuts through plaque and is designed to fit any patient’s artery, is currently being used in clinical trials in Europe.
ProMedica’s new incubator is located on the Wildwood Medical Center campus.
More articles on IT incubators:
MATTER secures $4.4M in new funding
Healthcare incubator Matter selects 10 companies
TMC, J&J announce new life sciences incubator
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.