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Decoding health sector startups through this prize winning competition

 

Here are the key points about the Startup Prize: Focus on Health 2024: - **Record Participation**: 70 health startups from 23 states competed, marking a record-breaking year. - **Diverse Founders**: 45% of the startups were female-founded, and 58% had non-white founders. - **Grand Prize Winners**: - **FDA Track**: Emboa Medical (West Lafayette, IN) won for developing a blood clot extraction device for stroke. - **Non-FDA Track**: AGED Diagnostics (Bethesda, MD) won for creating an advanced blood test for liver disease. - **Prize**: Winners received $10,000, mentorship, and investment opportunities. - **Focus on Diversity**: The competition emphasized diversity and inclusion among entrepreneurs. - **Participation Requirements**: Entrepreneurs needed a health-focused startup and had to attend qualifying events, submit business plans, and undergo judging. - **Other Notable Finalists**: - **Taurus Vascular**: Aortic aneurysm treatment device. - **OrbDoc**: AI-powered medical dictation tool. - **Veza Innovations**: Convertible high chair for child development. - **Startup Prize Background**: Established in 2014, focused on health and medical startups since 2021.

The health startup industry is growing rapidly across the world as the startup wave is touching every life at a very low cost.



  • 70 health startups from 23 states competed, marking a record-breaking year.
  • 45% of the startups were female-founded, and 58% had non-white founders.
  • Grand Prize Winners:

    • Emboa Medical (West Lafayette, IN) won for developing a blood clot extraction device for stroke.
    • AGED Diagnostics (Bethesda, MD) won for creating an advanced blood test for liver disease.
  • Winners received $10,000, mentorship, and investment opportunities.
  • The competition emphasized diversity and inclusion among entrepreneurs.
  • Entrepreneurs needed a health-focused startup and had to attend qualifying events, submit business plans, and undergo judging.
  • Other Notable Finalists:

    •   Taurus Vascular: Aortic aneurysm treatment device.
    •   OrbDoc: AI-powered medical dictation tool.
    •   Veza Innovations: Convertible high chair for child development.
  • Established in 2014, focused on health and medical startups since 2021.




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