On November 7th, the Mediterranean Conference Centre in Valletta, Malta, became a hub of innovation as Labena Ventures hosted its highly anticipated Demo Day during the MedTech World conference. This year’s event spotlighted 11 transformative startups from the 2024 accelerator cohort, each tackling critical challenges in healthcare with cutting-edge solutions.
Startups at the Forefront of Innovation
The Demo Day celebrated the achievements of these pioneering startups, highlighting their bold approaches to advancing healthcare, sustainability, and biotechnology. Here’s a glimpse into the groundbreaking innovations presented:
- Telemon: A universal remote patient monitoring solution offering real-time monitoring and personalized care to improve health outcomes and optimize resource efficiency in both home and clinical settings.
- GMD-R Ltd: Developers of the GMD Meniscus Resector, an advanced, single-use plasma-assisted cutting device transforming knee arthroscopy procedures.
- Walletmed: Revolutionizing continuous glucose monitoring with a lifelong, painless, subdermal implant utilizing Raman spectrometry for precise metabolic health management.
- Vivid Mind: Democratizing dementia testing with a 40-second, voice-based test that works on any smartphone, enabling early detection and improved healthcare outcomes worldwide.
- FitKit: A mobile app redefining corporate fitness perks with a pay-per-use model that gives users access to over 1,000 wellness services while providing HR departments with data insights.
- Shemha Health Ltd.: Transforming cancer care with AI-powered tele-oncology platform PrOPA™ 360°, delivering personalized diagnostic and treatment pathways in seconds.
- Biolibrary: A platform that automates the creation of ready-to-print 3D models for musculoskeletal devices, streamlining orthopedics and prosthetics production.
- Neo Pill: An innovative oral hygiene product using electrolytic technology to address bacterial buildup for orthodontic patients, reducing the risk of cavities and gum disease.
- Vinaver Medical: Developers of AI-based software improving proton therapy precision for cancer treatment by generating highly accurate stopping power maps from CT scans.
- VODORASLO®: Algae-powered solutions reducing CO₂ emissions with advanced bioreactors and smart bio-furniture for sustainable urban development.
- FeJuice: A science-backed functional food offering natural, side-effect-free solutions for preventing and treating iron deficiency anemia.
- PhycoFerm: Innovators in sustainable biotech solutions with applications in pharmaceuticals and environmental industries.
Winners of the Day
The event concluded with an awards ceremony celebrating the top performers:
- 365care.io, represented by Michal Sucháň, took home the grand prize of €15,000 for their exceptional healthcare management solution.
- FeJuice, represented by Bojana Mumović, and Shemha Health Ltd., represented by Ivaylo Petrov, shared the second-place award, each receiving €5,000.
Labena Ventures Honored with MedTech World Award
Adding to the celebrations, Labena Ventures received the 2024 MedTech World Award for Best Contribution to Life Sciences, recognizing its tremendous impact in advancing healthcare innovation. In just two years, Labena Ventures has:
🌍 Attracted nearly 300 global applications
🚀 Brought over 70 startups into its bootcamp
💡 Mentored 24 startups through its full accelerator program
💪 Built a robust network of 200+ mentors dedicated to transforming healthcare
This recognition underscores Labena Ventures’ commitment to fostering life-changing innovations and supporting startups in their journey to redefine the future of health.
A Celebration of Collaboration and Vision
Demo Day was not just a showcase but a celebration of collaboration, learning, and potential. These startups are poised to make significant contributions to global healthcare, and the journey forward is filled with promise.
Congratulations to all startups, mentors, and partners for making this event a resounding success. Together, we are shaping a healthier future for all.