The Festo-MassRobotics Healthcare Robotics Startup Catalyst program celebrates the milestones achieved by this system’s 4 chosen world startups on the Healthcare Robotics Engineering Discussion board. Key life sciences and robotics audio system to guide the occasion.
The profitable Healthcare Robotics Startup Catalyst program got here to an finish on April seventh, 2022. The concluding ceremony will likely be held on the Healthcare Robotics Engineering Discussion board, Boston Conference and Exhibition Middle, on Might 11, 2022. The occasion consists of a powerful line-up of audio system: Fady Saad, Co-founder & Vice President of Strategic Partnerships at MassRobotics; Alfons Riek, Vice President of Expertise and Innovation at Festo; Kendalle Burlin O’Connell, President & Chief Working Officer at MassBio; Kenn Turner, President and CEO at Mass Life Sciences Middle; and Brian Johnson, President at MassMedic. All 4 chosen startup corporations, Kinarm (Canada), Assistive Expertise Growth Inc. (United States), Eureka Robotics (Singapore), and Bionomous (Switzerland ) will, in flip, promote their corporations, together with their merchandise and repair choices. They may also be demonstrating their applied sciences on the occasion’s expo flooring.
In October 2021, MassRobotics, Festo, and different key gamers in healthcare robotics, launched a Startup Catalyst Program to advance healthcare robotics corporations world wide, by offering the networking alternatives, steerage, and assets they should develop and succeed. The goal of this system was to attach healthcare robotics startups with clients, traders, suppliers, advertising, and total assist. This system targeted on startups within the areas of scientific care, public security, laboratory, provide chain automation, out-of-hospital care, high quality of life, in addition to continuity of labor and training, and coaching and assist for healthcare professionals.
Greater than 30 corporations utilized from all around the world, and the choice committee invited 4 to affix in this system. The taking part startups accomplished spectacular milestones, as detailed under:
- Eureka Robotics develops and commercializes cutting-edge robotics and synthetic intelligence (AI) applied sciences to automate high-accuracy, high-agility duties. Eureka is presently finishing fundraising rounds in Japan by connections supplied by program mentors. Eureka was launched to MassRobotics associate, Mitsubishi Electrical, and signed a world partnership with Mitsubishi as a platinum associate. This system helped the corporate’s management to discover engaging purposes in surgical lenses manufacturing know-how, which is an extension to its concentrate on conventional manufacturing.
- Bionomous gives laboratory gear to automate the screening, sorting, and pipetting of miniature organic entities for extra moral and quicker analysis in life science. CEO Frank Bonnet studies that with the help of the Catalyst Program, Bionomous was capable of run a pilot program within the US, resulting in the corporate’s first gross sales exterior Europe. This satisfied Bionomous to broaden into the US market and arrange places of work within the MassRobotics area in Boston. Bonnet emphasised the significance of this system’s mentors, who related them to key trade leaders to open prospects for future partnerships.
- Assistive Expertise Growth Inc. is an American startup devoted to at-home bodily remedy options which are operable at a low price and at all times accessible to rural sufferers and people who want nearer monitoring for restoration. The corporate got here into this system with three targets: 1) start its first pilot research in a scientific setting; 2) downsize the actuation unit to a wearable kind, and three) increase capital. CEO Todd Roberts studies that with assist from this system, the corporate has accomplished the primary two milestones and is making progress on the third. It’s going to start section I of a pilot research with UCHealth, a not-for-profit well being care system, headquartered in Aurora, Colorado, on April twenty fifth, permitting the corporate to current preliminary outcomes on the keynote occasion on the Healthcare Convention. The research will assess the early scientific efficacy and gather affected person and clinician suggestions. Assistive’s actuation unit has been downsized by 70%, from a big, wall-powered, benchtop system to a wearable, battery-powered system that may allow the corporate to finish the pilot. Lastly, Assistive is within the technique of elevating capital and has begun diligence with two corporations.
- Kinarm makes use of robotic arms to offer an goal evaluation methodology to determine, measure, and observe cognitive motor or sensory impairments ensuing from damage or illness. Kinarm labored with assigned mentors from the robotics ecosystem who supplied introductions to trade leaders who responded with “jaw-dropping, you-can-do-that?” exclamations, studies Anne Vivian-Scott, CEO. Vivian-Scott was additionally launched to skilled healthcare robotics leaders who will collaboratively support Kinarm as the corporate scales its options. Vivian-Scott provides, “What we gained was not particular information that may be encoded into our product, however path. Fairly frankly, most different packages will not be ‘sufficiently vested’ within the participant’s enterprise/alternative to have the ability to provide such suggestions.”
“I’m grateful to Festo’s pioneering work to assist our efforts to search out world disrupting purposes and startups in such a human-care area like healthcare, together with life science, biotech, and medical units,” stated Fady Saad of MassRobotics.
“I’m impressed with the standard of purposes we obtained, and the distinctive construction of this system that allowed us to pick such revolutionary corporations and match them with world-class advisors,” stated Festo’s Alfons Riek. “Actually, we’re excited in regards to the networking alternatives opened to those corporations and to presenting them to the world as nice examples of the ability of using robotics in healthcare.”
MassRobotics, Festo, and extra companies plan to launch the second model of this system by July 2022 to construct on the packages’ superb momentum and impression.
ABOUT MassRobotics: MassRobotics is the results of the collective work of a bunch of engineers, rocket scientists, and entrepreneurs with a shared imaginative and prescient to create an innovation hub and startup cluster targeted on the wants of the robotics and IoT group. MassRobotics’ mission is to assist create and scale the following era of profitable robotics and related units corporations by offering entrepreneurs and revolutionary robotics/automation startups with the workspace and assets they should develop, prototype, take a look at, and commercialize their merchandise and options. See www.massrobotics.org for particulars.
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 clients of manufacturing unit and course of automation in over 35 industries. The LifeTech sector with medical know-how and laboratory automation is turning into more and more essential. The services can be found in 176 nations. With about 20,000 staff in over 250 department places of work in 61 nations 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 primary and additional coaching. Festo Didactic SE is a number one supplier of technical training and coaching and provides its clients worldwide complete digital and bodily studying options within the industrial atmosphere.