News Article

Vena Vitals Wins MedTech Innovator 2020 Execution Award and Receives AdvaMed Accel Virginia Shimer Rybski Memorial Award at The MedTech Conference
Date: Sep 30, 2020
Author: Virginia Shimer Rybski
Source: MedTech Innovator ( click here to go to the source)

Featured firm in this article: Vena Vitals Inc of Irvine, CA

MedTech Innovator, the largest accelerator of medical devices in the world, and AdvaMed Accel, the leading advocacy association for emerging medtech firms, today announced that Vena Vitals has been awarded the 2020 MedTech Innovator Execution Award and the Virginia Shimer Rybski Memorial Award. Both awards recognize the potential of an up-and-coming entrepreneur or entrepreneurial medical technology company. The recipient was chosen today via an online audience vote during The Virtual MedTech Conference, the largest online gathering of medtech industry leaders in North America powered by AdvaMed.

Vena Vitals, a medical technology startup based in Irvine, Calif., is developing a continuous non-invasive blood pressure monitor in the form of a soft flexible sticker.

"We are proud to present Vena Vitals with the 2020 Execution Award for their pioneering work in non-invasive blood pressure monitoring," said Paul Grand, MedTech Innovator CEO. "The Vena Vitals team has demonstrated exceptional leadership and progress in their goal of developing a device that provides a more comprehensive understanding of cardiovascular health. All six finalist companies show great promise in transforming the lives of patients and the health care system as a whole, and we look forward to following their continued progress in the future."

"The Vena Vitals team exemplifies the dynamic and entrepreneurial spirit of the medtech industry and its commitment to make a lasting impact on patient care," said Scott Whitaker, president and CEO, AdvaMed. "The need for high-value innovation is more evident now than ever. Vena Vitals is poised to make a difference for patients with cardiovascular conditions, and we are pleased to recognize the company for their hard work and dedication to bettering patient lives through innovation."

The Execution Award, presented jointly by AdvaMed Accel and MedTech Innovator, recognizes strong leadership teams with next-generation innovations and the resources to successfully execute on their goals of improving patient care.

The Virginia Shimer Rybski Memorial Award was created to encourage the enthusiastic pursuit of business excellence in the medical technology industry. It is named after the late entrepreneur and patient care advocate Virginia Rybski, president & CEO of Regenesis Biomedical and a member of AdvaMed's Board of Directors and the association's Accel Executive Committee, who passed away in 2013. The award is presented each year during the association's annual meeting to a single presenting company or entrepreneur.

"We're extremely honored to be voted as the winner of the Execution Award & Virginia Rybski Memorial Award, especially among such an incredible field of high performing companies in this year's MedTech Innovator Program" said Ray Liu, CEO and co-founder, Vena Vitals. "It's such a privilege to have received outstanding mentorship and resources from industry leaders including Nipro, Edwards, Fujikura, Proxima, and the AdvaMed community -- we're thrilled to continue our journey to improve patient lives through better blood pressure monitoring."

This year's award includes a $12,000 grant from AdvaMed Accel and a $15,000 prize from MedTech Innovator to be applied towards expenses required for commercializing an innovative medical technology. Additionally, the winning company receives a profile in MedTech Strategist and will also receive a complimentary one-year membership with AdvaMed and full-access registration to The MedTech Conference in 2021. In addition to this year's winning company, finalists included: Aksense, Envision Endoscopy, Forcen, MOWOOT, and Puzzle Medical.