Forest Devices is developing a portable device that uses machine learning and advanced monitoring technology to diagnose stroke subtypes such as large vessel occlusions, designed for use by first responders. The startup was awarded a $350,000 grand prize to fund its further development.
Runners-up in the competition, which initially began with a pool of nearly 800 early-stage medtech companies, included Canadian startup Flosonics Medical, San Francisco’s Koya, Australia-based OncoRes Medical and Venari Medical, based in Ireland. They each received $25,000 prizes.
While the final stages of the competition were judged by a panel that included leaders from Olympus, Johnson & Johnson, Baxter International and Gore Innovation Center, the ultimate winner was decided by a live audience vote at The MedTech Conference on Sept. 24 in Boston, following presentations from each of the five finalist companies.
More articles on innovation:
How to support every stage of an organization’s innovation efforts
How 3 CMIOs foster team innovation
Partners HealthCare’s investment strategy that led to $154M commercial, investment income in 2018
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.