MTI Accelerator Program
Entrepreneurial surgeons and residents of the American Society of Plastic Surgeons who are in the start-up or early (up to C-round funding) commercialization stages of creating a medical device, diagnostic or digital health company can apply to be one of five ASPS-sponsored companies to compete for a share of $500,000 in cash prizes and awards through the MedTech Innovator accelerator program.
This opportunity is offered to members through a partnership between ASPS and MedTech Innovator, the largest accelerator of medical devices in the world. MedTech Innovator matches healthcare industry leaders with innovative medical technology startups for mentorship and support. In 2023, MedTech Innovator will select 50 medical technology start-ups to participate in its annual Accelerator and Showcase cohort.
"The ASPS partnership with MedTech Innovator gives our members a phenomenal opportunity to bring their devices, apps, technology and other innovations to market," says ASPS President Gregory Greco, DO, FACS. "We have expanded the program this year to advance five companies from the Plastic Surgery Accelerator Track as there was clearly an appetite for this type of program among our innovative specialty."
Based in Los Angeles, MedTech Innovator is the world's largest accelerator of medical technology companies and the premier nonprofit startup accelerator in the medical technology industry. Its mission is to improve the lives of patients by accelerating the growth of companies that are transforming the healthcare system. MedTech Innovator matches healthcare industry leaders with innovative early stage and emerging growth medtech companies for mentorship and support.
For more information about MedTech Innovator, visit their website and follow @MedTechAwards on Twitter and MedTech Innovator on LinkedIn. To receive industry insights and highlights about MedTech Innovator's portfolio companies, subscribe to its monthly newsletter.
PSTM Innovation Challenge
Since 2019, ASPS has created a platform at PSTM where members can pitch their innovations and compete with other plastic surgeons' startups in front of a live audience for the award of Top Innovator of 2023 – and win a first place prize of $10,000 to help transform their idea into reality! A second-place prize of $5,000 will also be granted.
Prior to PSTM, short form applications are requested which are reviewed by the TIDE Committee. The ones that appear promising are asked to complete a full application which are again evaluated in detail by the TIDE committee and the top-scoring applicants will be invited to participate in the live Plastic Surgery Innovation Challenge presentation at PSTM23. The final round winner will be awarded $10,000 to continue developing their innovation.
This challenge is held during every PSTM and usually is a highly attended, entertaining affair. In 2023, the Innovation Challenge will coincide with the inaugural TIDE talks which are designed similar to the well-known TED talks, with the focus on technology, innovation, disruption and entrepreneurship. We are very excited to have our own entrepreneurial ASPS members and a strategic business disruptor join us this year to share their insights and stories.
The past winners of the PSTM Innovation Challenge can be found here.