NEMIC seeking applicants for Activate program aimed at medtech startups

PROVIDENCE – The New England Medical Innovation Center is accepting applications for a new program designed to help medtech startups create business and fundraising plans.

“Activate,” which is supported by R.I. Commerce Corp., allows participants to apply for between $21,000 and $37,000 in professional services, including understanding market size and competitive landscape, clinical needs assessment, intellectual property and regulatory pathways, and business and financing acumen.

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The application window closes May 31, or as soon as seven applicants are selected.

Ideal candidates will be “technically viable and nearly investable Rhode Island-based regulated medtech or regulated digital health startups,” NEMIC said in a statement.

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Selected startups will receive a customized plan prior to the start of the program. A date has not yet been set.

Eligible applicants must:

  • Have a regulated medtech or regulated digital health product.
  • Be located in Rhode Island.
  • Commit to all milestones and activities in their program plan.
  • Have a startup in the pre-seed stage, ready to raise a first round of capital.

For more details or to apply, visit www.bit.ly/activateNEMIC.