The five Black founders of the gBETA Medtech Accelerator gear up for the virtual showcase event
MINNEAPOLIS, Minn. – Global venture firm and startup accelerator, gener8tor, in collaboration with Boston Scientific , University Enterprise Labs and BARDA DRIVe, successfully kicked off the gBETA Medtech fall 2022 accelerator on November 3 with five companies soon to be alumni of the eighth cohort. The medtech accelerator focuses on supporting Black founders with startups that are advancing the medical and healthcare industries through cutting-edge technology and unprecedented platforms.
Startups are now preparing their pitches for the virtual showcase scheduled for Dec. 15 from 3 p.m. – 5 p.m. CT that will conclude the gBETA Medtech Black Founders accelerator. The public is invited to attend and can RSVP here to join.
gener8tor gBETA is a free seven-week, no-equity accelerator program that provides startup founders with intensive concierge coaching and access to its national network of mentors, customers, corporate partners and investors. The programs are designed to set a path for startups to participate in equity-based accelerator programs and investment opportunities.
gener8tor recruited startups nationally for the gBETA Medtech program in an effort to support Black founders. According to Crunchbase, just 1.2% of overall venture dollars in the U.S. was invested in Black founders as of June of this year. gener8tor and Boston Scientific created this program to help bridge equity gaps and better support Black founders. With more than 90% of gener8tor startups located outside of major tech hubs and 68% of its companies led by underrepresented founders, gener8tor brings to light many of the investment disparities and tremendous potential across the larger venture capital space.
“We’re thrilled to work with Boston Scientific again to continue bolstering the medical technology industry,” said Lauren Usher, gener8tor gBETA vice president. “We’ve seen the incredible economic impact of the gBETA Medtech program in previous cohorts, and we’re excited to see it continue with the success of these five companies.”
“Gener8tor and gBETA Medtech add tremendous value to the local innovation ecosystem here in Minnesota and across the country, and it’s been gratifying to be part of that progress and see its ongoing impact over the years,” said Bryan Clark, MBA, research and development manager at Boston Scientific. “This ongoing collaboration is one way we are proud to continue supporting a more diverse network of medtech founders to ultimately transform patient care, together.”
The team at BARDA added, “We have thoroughly enjoyed working with gener8tor and these impressive underrepresented founders to support their journey to build high-impact companies.”
Startup companies and founders interested in learning more about gBETA’s programming and resources or applying to a future program are encouraged to visit the gener8tor gBETA website.
gBETA Medtech Black Founder Accelerator Fall 2022
Arcana Recovery (Pennsylvania) is a drug and alcohol recovery support platform that detects relapses and helps recovery support organizations intervene at the most crucial time. Arcana Recovery improves patient outcomes for recovery support services by streamlining the client management system, personalizing recovery treatment plans and integrating early intervention.
Arcana Recovery has successfully run 2 pilots and plans to launch in Q3 of 2023.
CEO & Co-Founder: Sharina Johnson, [email protected]
eMedicalSentry (Maryland) is a Digital Health ecosystem that reduces 30-day hospital readmissions by up to 63 percent using their Remote Patient Monitoring system. eMedicalSentry works on behalf of hospitals and payers, monitoring patients upon discharge to home, improving patient outcomes and reducing financial penalties for healthcare organizations. eMedicalSentry has monitored 600+ patients and has successfully completed their first pilot with Adventist Health Care.
CEO: Steven Meyers [email protected]
Sanxtuary MD (New York) is committed to helping women learn about their bodies and manage their menstrual cycles with their revolutionary design of period and postpartum panties along with educational kits and courses. Sanxtuary MD products are manufactured with absorbent bamboo fabric that can hold up to six tampons worth of liquid, and delivers powerful moisture-wicking, leak-resistant, and breathable properties. Sanxtuary MD’s educational kits and courses also help empower women of all ages to learn about their bodies and conquer menstruation. Sanxtuary MD has made $4000 in online sales in the past 3 months. www.SanxtuaryMD.com
Founder & CEO: Dr. Amber Robins, [email protected]
Tiny Docs (Illinois) supports healthcare partners to improve kids’ health outcomes and save providers time through its educational and entertaining animated content. Tiny Docs’ topics include surgical procedures, mental health, chronic diseases, and general health & wellness. In the last year Tiny Docs has over 3 million streams and has generated over $250,000 in revenue.
CEO & Founder: Sunny Williams, [email protected]
KovaDx (Connecticut), is increasing health equity and removing barriers to access to care through monitoring solutions, starting with Sickle Cell Disease (SCD). KovaDx is building a diagnostic and monitoring device with Quantitative Phase Imaging, Machine Learning, and Microfluidics to transform the care for rare diseases disproportionately affecting underserved communities. KovaDx is a NSF/STTR funded company.
CEO: Song Kim, [email protected]
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About gener8tor
gener8tor is a global venture firm and accelerator network that supports startups, workers, employers, artists and musicians across race, place and gender. gener8tor partners with companies, governments, universities and nonprofits to operate programs and conferences in more than 41 communities across 22 states and two countries. Fast Company named gener8tor one of the Best Workplaces for Innovators in 2021 and 2022. The International Trade Council recognized gener8tor as Global Venture Capital Firm of the Year in 2022.
About gBETA
gBETA is a non-equity accelerator that facilitates the growth of early-stage companies through a network-driven program. This accelerator supports five startups per cohort and requires no fees for startups and takes no equity. Since launching in 2015, gBETA accelerator alumni have raised $537M+ in capital and created 3,531+ jobs across the U.S. and Canada.
About gBETA Medtech
gBETA Medtech is a program of UEL and gener8tor. Boston Scientific is the founding sponsor of the gBETA Medtech Black Founder Accelerator and additional sponsors include Fox Rothschild. The cohort receives mentorship support from Mayo Clinic, Medical Alley Association and University of Minnesota. UEL and gener8tor also receive support through a cooperative agreement with BARDA DRIVe, under Contract No. IDSEP190054.
