10 Medical Device Incubators and Accelerators

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1. The Foundry

Location: Menlo Park, California.

The Foundry was founded in 1998 and it specifically works with early-stage medical device startups to provide them with a launchpad. It has an extensive funding network and provides startups with the right leadership guided by experienced entrepreneurs.

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The Foundry works collaboratively with clinicians and inventors with promising ideas and helps them get through the product development and regulatory hurdles. Over the last two decades, The Foundry has financed and founded over 20 medical device companies.

Some of the successful startups founded and financed by The Foundry are:

  • Ardian, Inc.: Founded in 2003, it developed a novel catheter system, specifically useful in patients with hypertension. It was later acquired by Medtronics in 2011.
  • Cabochon Aesthetics
  • Evalve, Inc.
  • FIRE1
  • Cierra (acquired by Terumo)
  • Concentric Medical (acquired by Stryker)
  • XTENT: It develops customizable drug-eluting stent and had a successful IPO in 2007. In 2009, it was acquired by JW Medical, Inc.

About Post Author

SurajPanigrahi

I started this blog for my love of writing and disseminating my views on things that excited me. I don't have a clear direction with this blog. However, you can find content mostly related to higher education, career development, MedTech, finance, and budget travel hacks. Background: After graduating in Mechanical Engineering from IIT (BHU) Varanasi, India, I pursued a dual degree Master's program in Europe (MS in Biomedical Engineering at RWTH Aachen, Germany and MS in Bioengineering at Trinity College Dublin, Ireland). I am currently working as a 'Manufacturing Engineer' in a MedTech company in Ireland.
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