OxiWear was selected as one of 12 medtech startup companies for the Massachusetts Medical Device Industry Council (MassMEDIC) 2021 IGNITE Cohort. The company competed against a record number of global applicants developing innovations in the surgical, wearable, diagnostic, and home health technology categories.
“We are excited to be chosen for this cohort. The program provides companies like OxiWear with medtech expertise, corporate leadership, and industry guidance as we continue to develop and prepare to launch our product,” stated Shavini Fernando, founder and CEO, OxiWear.
The IGNITE Cohort is a virtual accelerator that focuses on “identifying and nurturing medical device leaders of the future.” The organization received twice as many applicants compared to 2020 and nearly 50 percent of the companies are female led.
“It’s already a banner year for IGNITE – with a record number of applicants, double the number of corporate sponsors, significant cash and services prizes, and the most diverse and inclusive cohort to date,” said Rachel Robinson, VP MassMEDIC.According to the recent MassMEDIC announcement, the IGNITE program has assisted 38 medtech startups since 2019 and its alumni have collectively raised more than $40M in Series A, seed, and grant funding. For more information, visit MassMEDIC 2021 IGNITE.
IGNITE is a virtual accelerator offering an experiential training, mentorship, and networking curriculum, to attract and nurture the next generation of medtech founders and entrepreneurs. IGNITE was relaunched in 2019 with support from a grant from the Massachusetts Life Sciences Center (MLSC) and is supported by our corporate sponsors, Agile Search, Alira Health, Boyd Technologies, Wilson Sonsini, Formlabs, Kohler, Teijin and UMass Lowell M2D2.
The Massachusetts Medical Device Industry Council (MassMEDIC), an organization of more than 300 manufacturers, suppliers, research institutions, and academic health centers, promotes the unique interests of the Bay State’s growing and vibrant medical device sector. Through a variety of programs, informational seminars, advocacy campaigns and other projects, MassMEDIC provides medical device manufacturers and suppliers with information on industry trends and regulatory policies and creates forums that allow members to exchange ideas and information on issues affecting the industry. For more information, visit http://www.massmedic.com and follow us on LinkedIn.About OxiWear
OxiWear is committed to reducing patient vulnerability to hypoxic injury through wearable, continuous oxygen monitoring. Our goal is to increase safety and peace of mind for those prone to silent hypoxia, to reduce healthcare costs, and to save lives. OxiWear was developed in 2019 by Shavini Fernando, a VR/video game and web designer who suffers from pulmonary hypertension due to Eisenmenger’s Syndrome. OxiWear has been approved for consumer utility for exercise and high-altitude training. OxiWear is currently completing pre-clinical testing for its FDA pre-submission meeting. For more information, visit: https://www.oxiwear.com/.