Pitch meeting to be held to generate Japanese medical unicorns in Nihonbashi, the representative location of healthcare innovations in Japan
Life Science Innovation Network Japan, Inc. (Head office: Nihonbashi-Honcho, Chuo-ku, Tokyo; Chairman of the Board: Hideyuki Okano; hereinafter "LINK-J"), Japanese Organization for Medical Device Development, Inc. (CEO: Takahiro Uchida; hereinafter "JOMDD"), MedVenture Partners, Inc. (President & CEO: Hajime Oshita; hereinafter "MedVenture"), and US-Japan Medtech Frontiers (Chairmen: Jack Moorman; hereinafter "USJMF") are starting to invite participants to the following pitch event today.
Recently, the medical device industry has been growing worldwide, there exist the expanding demand in emerging markets in Asian nations and other countries. Tn Japan, there exist demands for the innovative medical device and healthcare services at clinical sites, to improve treatment quality, enhance quality of life, address the labor shortage including medical doctors and staff, and to increase healthcare efficiency. Therefore, academia and startups are becoming more proactive in the development of medical devices and other products in Japan. To give additional momentum to this new trend, these organizations listed above will hold a pitch event for this field. There exists a huge demand for 'UNICORN', so-called extremely valuable startup companies. Who aim to solve clinical sites' issue could participate this pitch event, we are searching for 'UNICORN' for the medical field in Japan.
Last year LINK-J and JOMDD cooperated to hold a pitch event. For this year, this event will be expected to enhance with participating MedVenture and USJMF. Thisevent will be held on, November 9, 2018, Friday, as a part of MEDTEC INNOVATION - Symposium and Pitch (*), hosted by LINK-J and co-hosted by JOMDD, MedVenture and USJMF. The team which passed the document screening could attend the pitch event to give a presentation Japanese and American med-tech start-up capitalists. Prizes are awarded to the winners.
Guidelines for applicants : MEDTEC INNOVATION Pitch by Universities/Businesses/Hospitals
Companies, teams and individuals (students are included) that have ideas/technologies/products/business projects (ideas without pending patent applications are accepted) and are capable of making presentations about these technologies/products/business projects in the field of medical devices, digital health, healthcare services, and other medical and nursing cares.
- Screening: The documents are screened to select the presenters who could make a presentation at the final examination. The the screening results will be informed to all applicants. The results of thescreening will also be posted on the website of LINK-J at the end of October.
E-mail address : for submitting the applications and inquiries:
*Please provide us with an outline of the project. The file provided to us should comprise up to ten pages, including a brief history of the applicant, an overview of the company, and other information such as technological superiority, the innovativeness of the business project, and the presence of intellectual property. Please send this information by e-mail to the address above. Any formats are acceptable.
- Final examination: Each selected presenters could give a pitch in either Japanese or English, as part of the program of MEDTEC INNOVATION - Symposium and Pitch (*), at November 9, Friday. The time for each pitch is ten minute length, five-minute presentation and five-minute Q&A. The results will be announced at the same day of the final examination.
- Judges: Medical Devices-related start-up capitalists in Japan and the U.S.A.
The winning team receives a prize, choose either 1) or 2) .
1) Visiting start-up capitals, incubators and investors in Silicon Valley, U.S.A. (two people from the winning team): Travel expenses, comprise three-night and five-day trip fees.
2) Grant for investment or development, up to 100,000,000 yen from JOMDD : for commercialization or overseas business roll out
Profiles of pitch judges
Outline of MEDTEC INNOVATION - Symposium and Pitch
Date: November 9, 2018, Friday,
Location: Nihonbashi Mitsui Hall (2-1, Nihonbashi-muromachi 2-chome, Chuo-ku, Tokyo 103-0022)
Hosted by: Life Science Innovation Network Japan, Inc. (LINK-J)
Co-hosted by: Japanese Organization for Medical Device Development, Inc. (JOMDD), MedVenture Partners, Inc., and US-Japan Medtech Frontiers (USJMF)
Expected visitors: Around 300 including journalists and people concerned with the medical device industry
|12:00 p.m-1:00 p.m
||Exhibition (presentation of businesses of healthcare companies and organizations)|
|1:00 p.m-1:15 p.m||Greeting
Host: Hideyuki Okano, M.D., Ph.D.
(Chairman of the board of LINK-J; Dean, Keio University Graduate School of Medicine; Professor, Department of Physiology)
|1:15 p.m-2:15 p.m||Keynote lecture
Yoshiki Sawa, M.D., Ph.D.
(Vice Chairman of the board of LINK-J; Professor, Department of Cardiovascular Surgery, Osaka University Graduate School of Medicine) And others
|2:15 p.m-2:25 p.m||Break|
|2:25 p.m-4:25 p.m||Session
Theme: (tentative) Japan's first med-tech unicorn
Lecturer: to be determined (will be posted on www.link-j.org)
Moderator: Takeo Asano, M.D., Specially Appointed Associate Professor of Strategic Global Partnership & Cross-Innovation Initiative, Osaka University Graduate School of Medicine and Osaka University Hospital
|4:25 p.m-4:55 p.m||Break and exhibition
Med-tech Auction: short presentations by local governments and exhibitors
|4:55 p.m-6:55 p.m||Pitches
Theme: MEDTEC INNOVATION Pitch by Universities/Businesses/Hospitals
Pitch :startups (5 minutes) and Q&As (5 minutes) for each team
Judges: Takahiro Uchida (CEO of JOMDD), Hajime Oshita (President & CEO of MedVenture Partners, Inc.), Kirk Zeller (UFJMF), Shinichi Takamiya (Chief Strategy Officer of Globis Capital Partners & Co.)
|6:55 p.m||Break and move|
About Life Science Innovation Network Japan, Inc. (LINK-J)
LINK-J is a general incorporated association established by Mitsui Fudosan and volunteers from academic circles. With its base in the Nihonbashi area, where a number of pharmaceutical companies cluster, LINK-J aims to promote open innovation in the life science realm through industry-government-academia cooperation and extend support to the creation of new industries. LINK-J will accelerate interdisciplinary exchanges at human/ technology field, where all sciences are combined, ranging from medicine to science, further more, engineering, new technologies, such as information and communication technology (ICT) or artificial intelligence (AI).
Overview of Japanese Organization for Medical Device Development, Inc. (JOMDD)
Japanese Organization for Medical Device Development, Inc. is the first business incubator in Japan that cooperates with academia and startups in Japan to commercialize medical devices and other products. It invests money in and provides support to research institutions and businesses around Japan to grow Japan-made products that can compete globally; for example, the outsourcing of projects of the Japan Medical Association, universities, and local administrations such as Kanagawa and Kobe. Its' track record includes investment in and support for the start-up from Kumamoto that is developing a pain treatment device and the start-up from the University of Electro-Communications that is developing rehabilitation equipment and other devices using robotics technology.
Overview of MedVenture Partners, Inc.
MedVenture Partners, Inc. invests in the life science field, including medical devices, at an early stage so as to contribute to the development of the medical device business incubation and the industrial base for medical Device in Japan through a sufficient track record of investment in medical device start-ups and business incubation in Japan and the U.S.A., including Silicon Valley, experience in clinical settings and medical research in Japan, and their global network.
Overview of US-Japan Medtech Frontiers(USJMF)
USJMF is a nonprofit corporation based in Silicon Valley whose mission is to share best practices for medical device innovation and promote networking and cooperation between US and Japanese medical device organizations.