MassRobotics, in collaboration with Festo, Mitsubishi Electrical Automation, Novanta, and MITRE, declares the opening of functions for the fourth cohort of the Healthcare Robotics Startup Catalyst Program 2024-25. This initiative goals to speed up innovation and adoption within the healthcare robotics sector by offering startups with the sources, mentorship, and connections essential for fulfillment. Apply right here.
Program Overview
The Healthcare Robotics Startup Catalyst is a longtime program designed to help healthcare robotics startups by providing complete and beneficial mentorship steering, and important sources to foster development and success. This system’s focus areas embrace medical care, pharmaceutical and hospital automation, laboratory automation, precision and regenerative medication (together with omics), point-of-care options, rehabilitation, assistive applied sciences for improved high quality of life and continuity of labor, and coaching and help for healthcare professionals.
Key Options of the Program
- Mentorship and Steerage: Individuals obtain knowledgeable mentorship from senior-level professionals from the taking part corporations and introductions to leaders from the robotics ecosystem, relying on their strategic aims.
- Useful resource Entry: Startups acquire entry to loaner elements with design and engineering steering.
- Networking Alternatives: Catalyst corporations obtain introductions to key gamers within the healthcare robotics area, potential prospects, and strategic companions, together with pitching alternatives to MassRobotics’ VC and investor ecosystem.
- Strategic Medical Steerage: Cohort advantages from the strategic steering of skilled medical professionals, making certain their robotics options align with real-world healthcare wants, moral requirements, and affected person security concerns.
- Academic Workshops: There’s entry to programs on important subjects, corresponding to FDA approval processes, cybersecurity necessities, and different regulatory mandates, tailor-made to the cohort’s pursuits and strategic aims.
- Showcase Alternatives: Every cohort startup could have the chance to current their answer at a serious robotics occasion in Boston in addition to to the Healthcare Robotics Working Group. These stay occasions present sales space area for product demos and a stage to pitch their options to a stay viewers, providing beneficial publicity and networking alternatives.
Utility and Choice Course of
This system is open to startups with at the least a working prototype at Expertise Readiness Stage (TRL) 6 or above. Purposes can be accepted till November 1, 2024, with this system set to start on the finish of November. Chosen startups can be introduced in mid-November 2024. We welcome startups of all sizes and maturity to use, making certain a broad vary of entrepreneurs can profit from this system.
Success Tales from Earlier Cohorts
Startups from earlier Healthcare Catalyst cohorts have achieved outstanding milestones, together with penetrating new markets, securing funding, and establishing strategic partnerships.
Tom White, Founder and COO at Acumino, which has not too long ago finalized its seed spherical and raised $6.5M, remarked, “We’re proud members of MassRobotics’ Healthcare Robotics Catalyst program. Not solely did we acquire profound insights into our firm’s potential inside the healthcare panorama, however our mentors have continued to information us, offering invaluable recommendation and help. We wholeheartedly endorse this program for robotics corporations searching for success within the healthcare sector.”
Echoing this sentiment, Anne Vivian-Scott, President and CEO of Kinarm, said, “The mentorship we acquired from Festo was invaluable. They helped us deal with real-time technological challenges inside a broader market context, steering us towards mass-market options quite than a DIY method, and so they demonstrated real look after our private development and enterprise improvement. It’s been a unbelievable return on funding that may yield dividends for years to return!”
Limitless Robotics CEO, Man Altagar, shared his enthusiasm for the initiative. “The Program was a game-changer for Limitless Robotics,” remarked Altagar. “Their mentorship, sources, and trade connections helped us refine our know-how 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.”
Reflecting on the importance of this initiative, Juan Necochea, Director of Strategic Partnerships at MassRobotics, expressed enthusiasm, stating, “We’re thrilled to announce the opening of functions for the fourth cohort of the Healthcare Robotics Startup Catalyst Program. This program, established and gaining continued momentum, displays our shared dedication to fostering innovation and supporting startups positioned to revolutionize healthcare by robotics know-how.”
William Nguyen, Improvement Supervisor at Mitsubishi Electrical Automation, echoed this sentiment, affirming, “We’re wanting ahead to collaborating and mentoring potential startup corporations for progressive options and cutting-edge automation applied sciences within the healthcare trade.”
Johannes Linzbach, Head of the Festo Analysis Hub Boston, expressed his enthusiasm for this system, stating, “It has been a pleasure to work along with the excellent startups of this program. I’m wanting ahead to the subsequent cohort to attach with tech startups in our expanded scope—lab automation and biotech automation!” His sentiment highlights the collaborative spirit and forward-thinking imaginative and prescient that drives the success of this initiative.
Nuzha Yakoob, former Head of Expertise & Innovation at Festo and founding father of yaxxoo Inc., and a founding member of the Healthcare Robotics Catalyst Program, shared their pleasure, stating, “I’m extraordinarily delighted to see this program evolve and develop into new areas of healthcare applied sciences. Our intent is to allow extra startups to deliver their good improvements to market, enhancing the standard of healthcare for sufferers and augmenting healthcare employees.”
“We welcome this partnership alternative to all startups which can be partaking with vital healthcare robotics challenges. In alignment with Novanta’s mission to ship ‘improvements that matter,’ we’re proud to collaborate with and mentor groups which can be advancing the cutting-edge and enhancing folks’s lives,” mentioned Elliot Helms, Mechatronics R&D Supervisor at Novanta.
Russ Graves, Director of Bridging Innovation at MITRE, states “As a connector between authorities, trade, and academia, we’re proud to hitch MassRobotics, FESTO, Mitsubishi Electrical, and Novanta to assist startups overcome conventional boundaries to entry and speed up their robotic options for healthcare.”
“Taking part within the MassRobotics program was a game-changer for Robotic on Rails (RoR). Their unwavering help, invaluable steering, and entry to trade consultants propelled us in the direction of the profitable deployment of our Section 1 robotic at HelixNano,” said Chase Olle, Founding father of RoR. “By means of MassRobotics, we gained essential networking alternatives and mentorship from esteemed consultants at Festo and Mitsubishi Electrical.”
Startups worldwide are inspired to use and reap the benefits of this distinctive alternative to speed up their development and impression within the healthcare robotics area. This program presents beneficial sources and mentorship and connects startups with a vibrant neighborhood of innovators and trade leaders. Purposes are open till early November 2024. Don’t miss this opportunity to speed up your healthcare robotics startup with the help of trade leaders and innovators. For extra particulars and to use, go to MassRobotics Healthcare Robotics Catalyst Program.
Study extra about this system right here.
About MassRobotics
MassRobotics is the biggest unbiased non-profit robotics hub devoted to accelerating innovation and adoption within the area of robotics. Our mission is to assist create and scale the subsequent era of profitable robotics know-how and linked units corporations by offering entrepreneurs and startups with the workspace and sources they should develop, prototype, check and commercialize their merchandise and options. Whereas MassRobotics originated and is headquartered in Boston, we’re reaching and supporting robotics acceleration and adoption globally and are working with startups, academia, trade and governments each domestically and internationally.
About Festo
Festo is a world participant and an unbiased family-owned firm with headquarters in Esslingen am Neckar, Germany. Festo has set requirements in industrial automation know-how and technical training ever since its institution, thereby making a contribution to the sustainable improvement of the atmosphere, the economic system, and society. The corporate provides pneumatic and electrical automation know-how to 300,000 prospects of manufacturing unit and course of automation in over 35 industries. The LifeTech sector with medical know-how and laboratory automation is changing into more and more vital. The services and products can be found in 176 international locations. With about 20,000 workers in over 250 department places of work in 61 international locations worldwide, Festo achieved a turnover of round €2.84 billion in 2020. Every year round 8 % of this turnover is invested in analysis and improvement. On this studying firm, 1.5 % of turnover is invested in fundamental and additional coaching. Festo Didactic SE is a number one supplier of technical training and coaching and presents its prospects worldwide complete digital and bodily studying options within the industrial atmosphere.
About Mitsubishi Electrical Automation
As considered one of many Mitsubishi Electrical automation associates all over the world, Mitsubishi Electrical Automation, Inc., is a part of a $40 billion world firm serving all kinds of business markets with a household of automation merchandise together with programmable logic controllers, variable frequency drives, operator interfaces, movement management techniques, laptop numerical controls, industrial robots, and servo amplifiers and motors. The company philosophy of the corporate features a dedication not solely to offering superior options and repair to Mitsubishi Electrical prospects but additionally to contributing to the area people and making a rewarding work atmosphere for its workers.
About Novanta
Novanta is a number one world provider of core know-how options that give medical and superior industrial unique tools producers a aggressive benefit. We mix deep proprietary know-how experience and competencies in photonics, imaginative and prescient, and precision movement with a confirmed skill to resolve advanced technical challenges. This allows Novanta to engineer core elements and sub-systems that ship excessive precision and efficiency, tailor-made to our prospects’ demanding functions. The driving power behind our development is the staff of progressive professionals who share a dedication to innovation and buyer success. Novanta’s frequent shares are quoted on Nasdaq beneath the ticker image “NOVT.” Extra details about Novanta is on the market on the Firm’s web site at www.novanta.com. For added info, please contact Novanta Investor Relations at (781) 266-5137 or InvestorRelations@novanta.com.
About MITRE
MITRE’s mission-driven groups are devoted to fixing issues for a safer world. By means of our public-private partnerships and federally funded R&D facilities, we work throughout authorities and in partnership with trade to deal with challenges to the security, stability, and well-being of our nation.
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