LOS ANGELES – Jan. 28, 2022 – MedTech Color, a non-profit organization with a mission to advance the representation of persons of color in the medtech industry, today announced the top ten finalists for the MedTech Color 2022 Pitch Competition.
The MedTech Color 2022 Pitch Competition is a foundational start for medical technology early-stage startups creating innovative technologies. The competition focuses on cutting-edge startups led by Black & Brown founders and allows them to take the stage for a virtual competition, showcase their products or services that will directly benefit patients, and tell their stories.
The competition, which is in its second year, received 75 submissions from Black and Brown medtech innovators. The finalists will be awarded $100,000 – $250,000 in non-dilutive funding and in-kind services, including:
“To address the disproportionate gap in venture funding, the MedTech Color Pitch Competition provides direct support to startups led by Black and Brown founders through capital funding and mentorship from industry leaders,” said Kwame Ulmer, Founder of MedTech Color. “Black entrepreneurs receive less than one percent of total venture funding. By providing resources to these innovative companies, we are leveling the playing field and ultimately changing the medtech industry to be more representative of the population served.”
The hybrid event on March 8 will feature live pitches from the competing companies and a live Q&A and deliberation from industry judges. The in-person portion of the event will be held at BioscienceLA and includes lunch, refreshments, and networking opportunities, while virtual attendees can livestream the top ten pitch presentations. Registration for both portions of the event can be found here.
Judges include seasoned leaders from Johnson and Johnson Medical Devices Companies*, the National Institutes of Health (NIH), and Olympus.
*Sponsorship provided by the Johnson & Johnson Medical Devices Companies via Medical Device Business Services, Inc.
MedTech Color is dedicated to increasing and promoting diversity and inclusion across the medtech ecosystem. Native American, Asian, Hispanic and Black professionals and students are encouraged to participate. Through community building, thought leadership, and driving clinical trial enrollment of patients from under-represented groups, MedTech Color is working to increase the number of people of color who enter the medtech community and add tangible value to the medtech network. MedTech Color operates as a 501(c)(3) nonprofit organization, incorporated in California.