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4 Galway companies to compete in global medtech competition

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MedTech Innovator has selected 50 companies to take part in its annual showcase, highlighting future innovators in the medical field.

The international MedTech Innovator competition this week announced its selection of 50 leading medical device, diagnostic and digital health start-ups from nearly 1,100 applications.

Of the 50 start-ups selected for the non-profit contest, four companies are based in Galway, Ireland.

Atrian Medical, Lifelet Medical, Neurent Medical and Tympany Medical are the four Irish start-ups that will be participating. The programme, taking place virtually, commenced on Tuesday (15 June), when the leadership of the 50 chosen start-ups participated in the annual MedTech Innovator Summit.

During this online event, the selected companies collaborated with MedTech Innovator’s partners, participating in virtual networking events and interactive workshops.

A subset of 25 early-stage companies will participate in MedTech Innovator’s award-winning accelerator programme, in which medtech start-ups are matched with senior industry leaders to receive continual in-depth, customised mentorship and support, as well as being eligible to compete for scholarships and cash prizes. Atrian, Lifelet and Tympany have all been selected as participants in this accelerator.

Galway’s medtech innovators

The four Irish companies chosen by MedTech Innovator represent broad approaches to the medical field. They have been selected among start-ups from the US, the UK, France, The Netherlands, Belgium and Israel.

Atrian Medical has developed non-invasive techniques for treating atrial fibrillation. This restores the heart’s steady rhythm through targeting neuronal cells in clusters known as ganglionated plexi.

While most treatments for this heart condition involve ablation (both burning and freezing), this start-up aims to permanently disable errant signals.

Also working on the heart is Lifelet Medical. By developing a fully synthetic polymer-based material, Lifelet is working to provide new heart valve replacements. The company hopes to improve clinical outcomes, achieve increased valve durability and reduce the carbon footprint involved in the process.

In doing so, they aim to improve the lives of the millions of patients suffering from heart valve disease.

Next is Neurent Medical – a start-up that has designed the Neuromark system for addressing rhinitis.

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Rhinitis is a disease of the nose that is characterised by persistent symptoms of nasal congestion, nasal discharge (rhinorrhoea), sneezing, postnasal drainage, and numerous other symptoms that have a large impact on the patient’s overall quality of life and wellbeing.

The Neuromark system applies controlled low-power radio frequency energy to target regions of the nasal cavity. In doing so, it aims to disrupt the parasympathetic nerve signals and halt the inflammatory response, thereby eliminating core symptoms such as congestion and rhinorrhoea.

As nearly one out of four rhinitis sufferers develops new respiratory comorbidity – including new allergen sensitivity, sinusitis, and asthma – Neurent Medical researchers hope to considerably reduce the burden on the healthcare system through this innovation.

Finally, Tympany Medical is developing new sterile panoramic endoscope technology.

Endoscopes are typically long, thin tubes with a light source and camera attached to their tip. They are used to provide an internal view of the body’s structures and organs.

By considering issues in the usability and flexibility of existing devices, Tympany hopes to enable a new generation of minimally invasive ear surgery.

MedTech Innovator showcase

These four Irish companies will participate in a four-month programme that culminates in The MedTech Conference from 27 to 30 September, where all 50 companies will present in showcase panels.

During the conference, five start-ups from the accelerator cohort will compete for the Execution Award, and another five companies will advance to compete in the grand final.

An audience vote will determine the winner of the $350,000 grand prize and the title of 2021 MedTech Innovator. Additional awards will be presented, including incubator space at JLABS.

“Our goal at MedTech Innovator is to find the most promising medical innovations and make sure they actually reach the patients who need them,” said Paul Grand, CEO of MedTech Innovator.

“We are thrilled with the calibre of the start-ups participating in this year’s cohort and we look forward to providing them with the resources and mentorship they need to succeed.”

The MedTech Innovator competition is supported in its review and feedback by its partners, including Johnson & Johnson, Baxter and Olympus Medical Systems Group.

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I can’t charge my electric car cheaply because I’m too close to an RAF base | Money

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A few months ago I decided to switch energy supplier and moved to Octopus Energy’s Go tariff, principally because it offers cheap electric car charging overnight at a rate of 5p/kWh.

I applied to have the required smart meter installed. But after being given a date, I was later declined on the basis that smart meters cannot work at my address because they interfere with the missile early warning system at RAF Fylingdales.

Initially, I thought this was a joke. I have been involved with the construction of hundreds of new homes in Teesside, all of which have had smart meters installed.

Smart Energy GB, the body responsible for the rollout, has confirmed that this is very real, and smart meters installed in the area will not have had their smart capacity turned on.

I was told that a new meter is being worked upon and will eventually replace those already installed.

Meanwhile, I am having to charge my car at a premium rate of 16.76p/kWh which is costing me about £26 more a week than it would be on the Go tariff.

AM, Guisborough

Given that your house is more than 20 miles from the RAF base in question, I, too, was amazed that this could be an issue, but it is – and also in other areas close to bases.

Smart Meter GB has confirmed this is the case and says it is working on a solution – a communications hub that will enable people living near sensitive RAF sites to use smart meters.

It says these will be offered to customers “in the coming months”.

It adds those in the affected area, who had already had smart meters installed should be able to have the hubs retrofitted.

Meanwhile, Octopus has come up with a solution for your problem. It has offered to add you to the trial of these new meters, which, in turn, will allow you to go on the Go tariff.

It says it hopes to install your new meter before Christmas. It has also said that if you get the log from your charging firm, showing how much electricity you have used for the car since the switch took place, it will retroactively apply the savings that you would have gained had the smart meter worked from the start – a generous offer.

We welcome letters but cannot answer individually. Email consumer.champions@theguardian.com or write to Guardian, 90 York Way, London N1 9GU. Include a phone number. Letters are subject to our terms: gu.com/letters-terms

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China’s Yutu rover spots ‘mysterious hut’ on far side of the Moon

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Cube-shaped object is probably just a rock. Yutu will check it out anyway

China’s Moon rover, Yutu 2, has sent images of a strangely geometric object.…

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Strikepay struck gold at National Startup Awards 2021

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Strikepay, founded by fintech entrepreneurs Oli Cavanagh and Charles Dowd, scooped the top award for its fast-growing cash-free tipping tech.

Irish fintech company Strikepay has scooped the top prize at this year’s National Startup Awards.

The start-up, previously called Strike, was founded in 2020 to enable cash-free tipping without the need for a payment terminal or a new app on a customer’s phone.

Its founders, fintech entrepreneurs Oli Cavanagh and Charles Dowd, raised €625,000 in seed funding earlier this year and said they intended to seek a further €6.5m in investment by the end of 2021.

Strikepay has already begun acquiring and collaborating with other companies to bolster its product offering. In June, it acquired UK payments rival Gratsi and in April it appointed former Just Eat exec Edel Kinane as its chief growth officer.

Earlier in the year, it teamed up with Camile Thai Kitchen to enable contactless tipping for food delivery drivers and partnered with mobility company Bolt to bring its cashless tipping technology to taxis in Dublin.

Strikepay was one of several winners at the awards ceremony, which was livestreamed last night (2 December).

Other winners included health-tech start-up Stimul.ai, customer analysis tech business Glimpse, and sheep monitoring start-up Cotter Agritech, which has been participating in a new accelerator programme at University College Dublin.

As well as taking the top award, Strikepay also won Best Fintech Startup.

This year marked the 10th year of the National Startup Awards. The event was sponsored by Enterprise Ireland, Microfinance Ireland, Sage, Cronin Accountants and McCann Fitzgerald.

Last year’s top award was given to drone delivery service Manna. The start-up had been working with companies such as Tesco, Just Eat and Camile Thai to test its drones, and has seen further growth since then.

The full list of winners at the 2021 awards, in order of gold, silver and bronze, are:

Startup of the Year 2021

Strikepay

Early Stage Startup

Imvizar, CyberPie, The Fifth Dimension

Emerge Tech Startup

Xunison, Helgen Technologies, LiveCosts.com

Fintech Startup

Strikepay, ID-Pal, Itus Secure Technologies

Food and Drink Startup

Fiid, SiSú, Thanks Plants

Social or Sustainable Startup

Altra, Peer, Fifty Shades Greener

Product and Manufacturing Startup

Cotter Agritech, Orca Board, Filter

E-commerce and Retail Startup

FinalBend, The Book Resort, Nufields

Tech Startup

Glimpse, LegitFit, Examfly

Medtech Startup

Stumul.ai, SymPhysis Medical, Bonafi

Covid Pivot or Response Startup

Zoom Party/Find A Venue, KSH Group, Streat School

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