Indy life sciences company named MedTech Innovator finalist
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A medical device startup originally founded in West Lafayette has been named a finalist in what is billed as the world’s largest medical technology accelerator. Nuerava, now headquartered in Indianapolis, will compete for the $350,000 MedTech Innovator grand prize next week.
Neurava has developed a wearable device to monitor and alert for the impending risk of sudden, unexpected death in epilepsy, or SUDEP.
The five finalists will receive $25,000 for making it to the competition finals. The companies will pitch their technology and answer questions from a panel of four judges as part of The MedTech Conference in Anaheim, California.
The winner will be chosen via audience vote.
In a July interview with Inside INdiana Business, Neurava CEO co-founder and Chief Technical Officer Vivek Ganesh said being part of the four-month MedTech Accelerator program brought many benefits.
“It has allowed us to gain access to a lot of VCs and visibility to them, because we’re sort of pre-vetted companies that they’re looking to get in touch with,” Ganesh said. “I think one of the major strengths was networking and access to those industry experts and your fellow medtech companies who are all at different stages, including the alumni.”
IIB first spotlighted Neurava in 2020, when Ganesh and his partner, CEO Jay Shah, were still PhD candidates at Purdue. The company has since developed a full prototype of the system, including the wearable device, a smartphone app and clinical portal.
The device, called the N1, includes two wearables, one that goes around the neck and another that goes around the arm. Shah said the device can wirelessly monitor key physiological signals associated with SUDEP.
The other four finalists are:
- Fingy3D (Morgantown, West Virginia): developer of a line of on-demand custom prosthetic fingers
- IFPx (Irvine, California), maker of a patient monitoring system that directly measures fluid buildup
- Newrotex (United Kingdom), developer of a silk-based surgical nerve repair technology
- StrokeDx (Yorba Linda, California), maker of a portable stroke diagnosis technology
You can learn more about the finalists by clicking here.