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Healthcare Robotics Catalyst Startup cohort member In a position Improvements confirmed its Alta Platform for affected person dealing with on the 2024 Robotics Summit & Expo. Supply: MassRobotics
BOSTON — MassRobotics yesterday introduced that the Healthcare Robotics Startup Catalyst Program is open for purposes for its fourth cohort for 2024 to 2025. The initiative goals to speed up innovation and adoption within the healthcare robotics sector by offering startups with the sources, mentorship, and connections needed for achievement.
“We’re thrilled to announce the opening of purposes for the fourth cohort of the Healthcare Robotics Startup Catalyst Program,” said Juan Necochea, director of strategic partnerships at MassRobotics. “This program, established and gaining continued momentum, displays our shared dedication to fostering innovation and supporting startups positioned to revolutionize healthcare by means of robotics expertise.”
This system helps startups by providing sources to foster development and success. Its focus areas this yr embrace scientific care, pharmaceutical and hospital automation, laboratory automation, and precision and regenerative drugs.
The Healthcare Robotics Startup Catalyst Program additionally focuses on point-of-care programs, rehabilitation, assistive applied sciences for improved high quality of life and continuity of labor, and coaching and help for healthcare professionals.
Healthcare Robotics Startup Catalyst options
MassRobotics and its companions listed the next advantages for collaborating startups:
- Mentorship and steering: Senior professionals at prime firms present knowledgeable mentorship and introductions to leaders from the robotics ecosystem, relying on contributors’ strategic targets.
- Useful resource entry: Startups achieve entry to loaner elements with design and engineering steering.
- Networking alternatives: Catalyst firms obtain introductions to key gamers within the healthcare robotics house, potential prospects, and strategic companions, together with pitching alternatives to MassRobotics’ enterprise capital and investor ecosystem.
- Strategic medical steering: Every cohort can communicate with skilled medical professionals, making certain that their applied sciences align with real-world healthcare wants, moral requirements, and affected person security issues.
- Instructional workshops: This system supplies entry to programs on important matters, comparable to Meals and Drug Administration approval processes, cybersecurity necessities, and different regulatory mandates, tailor-made to the cohort’s pursuits and objectives.
- Showcase alternatives: Every cohort startup could have a possibility to current its system on the Robotics Summit & Expo in Boston, in addition to to the Healthcare Robotics Working Group. These reside occasions present sales space house for product demonstrations and a stage to pitch their options to a reside viewers, providing precious publicity and networking alternatives.
Cohort member Cobionix confirmed its robotic arm for healthcare makes use of on the Robotics Summit & Expo. Supply: MassRobotics
Healthcare Robotics Startup Catalyst course of begins
The Healthcare Robotics Startup Catalyst Program is open to startups with a minimum of a working prototype at Expertise Readiness Degree (TRL) 6 or above. Purposes will likely be accepted till Nov. 1, 2024, with this system set to start on the finish of that month.
Chosen startups will likely be introduced in mid-November 2024. This system invitations startups of all sizes and maturity to use, making certain a broad vary of entrepreneurs can profit from this system.
“I’m extraordinarily delighted to see this program evolve and broaden into new areas of healthcare applied sciences,” mentioned Nuzha Yakoob. She is former head of expertise and innovation at Festo, founding father of yaxxoo Inc., and a founding member of the Healthcare Robotics Catalyst Program.
“Our intent is to allow extra startups to convey their sensible improvements to market, enhancing the standard of healthcare for sufferers and augmenting healthcare employees,” Yakoob mentioned.
Startups worldwide are inspired to use and benefit from this distinctive alternative to speed up their development and influence within the healthcare robotics subject. For extra particulars and to use, go to MassRobotics Healthcare Robotics Catalyst Program.
Supporters and contributors of the 2023-2024 Healthcare Robotics Startup Catalyst Program. Supply: MassRobotics
Earlier cohorts share success tales
Startups from earlier Healthcare Catalyst cohorts have achieved outstanding milestones, together with penetrating new markets, securing funding, and establishing strategic partnerships.
Kingston, Ontario-based Kinarm provides neuroscientists and clinicians exact and constant insights into neurological assessments.
“The mentorship we obtained from Festo was invaluable,” mentioned Anne Vivian-Scott, president and CEO of Kinarm. “They helped us tackle real-time technological challenges inside a broader market context, steering us towards mass-market options somewhat than a DIY [do-it-yourself] strategy, they usually demonstrated real take care of our private development and enterprise growth. It’s been a implausible return on funding that can yield dividends for years to return!”
Man Altagar, CEO of Limitless Robotics, shared his enthusiasm for the initiative. His firm, which has workplaces in Boston and Petah Tikva, Israel, provides Gary, a service robotic designed to assist software program builders construct purposes for healthcare, retail, nursing houses, and hospitality.
“This system was a game-changer for Limitless Robotics,” he asserted. “Their mentorship, sources, and business connections helped us refine our expertise and navigate the healthcare market like by no means earlier than. We’re extremely grateful for his or her help and excited to make an actual distinction in the way forward for healthcare.”
Robotic on Rails (RoR) has developed a system to make implementing automation simpler for laboratories. “Collaborating within the MassRobotics program was a game-changer for Robotic on Rails,” added Chase Olle, founding father of RoR.
“Their unwavering help, invaluable steering, and entry to business consultants propelled us in the direction of the profitable deployment of our Section 1 robotic at HelixNano,” he mentioned. “By MassRobotics, we gained essential networking alternatives and mentorship from esteemed consultants at Festo and Mitsubishi Electrical.”
Acumino has been creating capabilities for robots to study abilities sooner, cheaper, and in a extra scalable approach. The Renton, Wash.-based firm not too long ago finalized its seed spherical and raised $6.5 million.
“We’re proud contributors of MassRobotics’ Healthcare Robotics Catalyst program,” mentioned Tom White, founder and chief working officer at Acumino. “Not solely did we achieve profound insights into our firm’s potential throughout the healthcare panorama, however our mentors have continued to information us, offering invaluable recommendation and help. We wholeheartedly endorse this program for robotics firms looking for success within the healthcare sector.”
MassRobotics companions present steering, encouragement
MassRobotics, which helps the Massachusetts robotics ecosystem, has partnered with Festo, Mitsubishi Electrical Automation, Novanta, and MITRE. They expressed their help of the continued collaboration.
“It has been a pleasure to work along with the excellent startups of this program,” mentioned Johannes Linzbach, head of the Festo Analysis Hub Boston. “I’m wanting ahead to the subsequent cohort to attach with tech startups in our expanded scope—lab automation and biotech automation!”
William Nguyen, growth supervisor at Mitsubishi Electrical Automation, added: “We’re wanting ahead to collaborating and mentoring potential startup firms for modern options and cutting-edge automation applied sciences within the healthcare business.”
“We welcome this partnership alternative to all startups which might be participating with necessary healthcare robotics challenges,” mentioned Elliot Helms, mechatronics analysis and growth supervisor at Novanta. “In alignment with Novanta’s mission to ship ‘improvements that matter,’ we’re proud to collaborate with and mentor groups which might be advancing the state-of-the-art and enhancing individuals’s lives.”
Russ Graves, director of bridging innovation at MITRE, said that “as a connector between authorities, business, and academia, we’re proud to hitch MassRobotics, Festo, Mitsubishi Electrical, and Novanta to assist startups overcome conventional limitations to entry and speed up their robotic options for healthcare.”
Editor’s word: WTWH Media, which produces The Robotic Report and the Robotics Summit & Expo, can be a accomplice of MassRobotics.
