KUALA LUMPUR, Sept 9 (Bernama) -- MedTech Innovator, the largest accelerator of medical technology companies in the world, announced that APrevent was named the 2024 MedTech Innovator Asia Pacific Accelerator programme Finals Competition Winner.
Taiwan-based company APrevent was awarded a US$175,000 Grand Prize, while the other finalists, INOPASE (Japan), KA Imaging (Canada), and Qritive (Singapore), will each receive US$10,000 in addition to a one-year APACMed membership, according to MedTech Innovator in a statement. (US$1=RM4.34)
The four finalists competed at the MedTech Innovator Asia Pacific 2024 Grand Finals hosted by MedTech Innovator in partnership with Asia Pacific Medical Technology Association (APACMed) at the APACMed MedTech Forum, which took place Sept 5 and 6, in Singapore.
APrevent has developed innovative solutions for voice and speech disorders and is the first Taiwanese company to win the MedTech Innovator Asia Pacific accelerator programme Grand Prize.
Following each finalist’s presentation, a panel of distinguished medtech executives engaged in a Q&A session with the finalist and the winner was determined by a live audience vote.
Besides APrevent’s Grand Prize of US$175,000 in non-dilutive funding, additional prizes were also awarded. Gyder Surgical took home the Johnson & Johnson – JLABS Asia Pacific Award; INOPASE was awarded the Cambridge Consultants Product Design & Development Award; and Qritive received the Enterprise Singapore (EnterpriseSG) Startup SG Grant Award, among others.
Over 400 companies applied for the APAC programme this year, and after a rigorous selection process, 60 companies were invited to pitch, of which 20 were selected to complete the four-month accelerator programme.
Featuring medical device, diagnostic, and digital health companies from around the globe, the 2024 Asia Pacific cohort companies received customised resources, mentorship, an unparalleled network of over 600 global peers, exposure to industry leaders, and were awarded over US$300,000 in cash prizes and in-kind awards.
During the APACMed MedTech Forum, all 20 accelerator companies were showcased to the conference attendees, representing the key leadership of the APAC medtech industry.
-- BERNAMA
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