MedTech Innovator: Accelerating Healthcare Innovation

By Pioneers Production Team

Accelerators provide essential coaching, resources, mentorship, and networking opportunities to startups, enabling them to navigate challenges and scale effectively in a competitive landscape. 

Today, we’re speaking with Paul Grand, founder and CEO of MedTech Innovator, one of the foremost medtech accelerators globally. They’re dedicated to fostering innovation in digital health, medical devices, and diagnostics.

In this part one of a two-part episode, you will gain valuable insights into the unique challenges and opportunities faced by startups in the medtech space. From understanding funding dynamics and investor sentiments to the genesis of MedTech Innovator as a platform to support and guide healthcare startups, this episode offers a deep dive into the world of medical technology entrepreneurship. 

What You’ll Learn in This Episode:

  • MedTech industry funding challenges and exit opportunities. (2:28)
  • Entrepreneurship, resilience, and persistence in the MedTech industry. (7:29)
  • The evolution of a venture capitalist in the MedTech industry. (13:17)
  • The challenges faced by MedTech startups in gaining visibility (16:27)
  • MedTech innovation and its impact on healthcare. (21:35)

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Guest: Paul Grand

Guest: Paul Grand

Paul is the founder and CEO of MedTech Innovator. He created and managed MedTech Innovator as a program within RCT Ventures from 2013 – 2016. In 2016, with the financial support of RCT and other sponsors, Paul left to run MedTech Innovator as a stand-alone company. He spent 11 years as Director and Managing Director at RCT Ventures, the investment arm of Research Corporation Technologies, Inc. Prior to RCT, Paul was co-founder and CEO of startups in the medtech, pharma, and tech sectors.

Host: Kevin Blevins

Host: Kevin Blevins

Kevin Blevins is the Portfolio Development Executive for SMB and Startup Companies and manages the Siemens Digital Industries Software Startup Program. He works with the Siemens sales organizations as well as Siemens Partners to engage and evangelize the Siemens Startup Program in the Americas. Kevin has spent more than 35 years in the Engineering and Manufacturing software industry. Prior to this he spent seven years in the automotive design industry. Kevin has been with Siemens for 33 years. During this time, he has held positions in Technical Support, Technical Sales Support Leadership, Sales Director for the Automotive Region, Partner Sales Executive, and his current position. Kevin has a Bachelor of Science in Engineering Technology from Lawrence Technological University in Southfield, MI.

Host: Jim Gernatt

Host: Jim Gernatt

Jim has been with Siemens for over a decade, leading a variety of sales & new revenue strategy teams.  As part of Siemens Digital Industries Software, Jim is the Americas Lead for SMB Ecosystems, Incubators & Accelerators, where he drives thought leadership and sales execution to serve startups with the Siemens Xcelerator Platform.  His experience forming new teams within Siemens, performing Technology – Product – Market segmentation and creating executable sales strategies is critical to helping startups focus and achieve milestones.  He has extensive SaaS B2B enterprise software sales experience for technical users.  When not helping startups achieve milestones, Jim will be found with his best friend and bride, Holly, and their growing family.

MedTech Innovator is a nonprofit global competition and accelerator for medical device, digital health and diagnostic companies. Their mission is to improve the lives of patients by accelerating the growth of companies that are transforming the healthcare system. According to Silicon Valley Bank’s CipherBio, MedTech Innovator is the largest accelerator of Life Science companies in the world. Learn more about MedTech Innovator here.  

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This article first appeared on the Siemens Digital Industries Software blog at https://blogs.sw.siemens.com/podcasts/startups/medtech-innovator-accelerating-healthcare-innovation/