Shaping the Future of Human Health
Innovation is the lifeblood of medical advancement.
This is what we believe. This is what drives us.
What We Do
We advance human health worldwide by incubating companies, educating stakeholders, and bringing innovators, industry, and government together to strengthen the startup medtech ecosystem.
Why We Do It
We are committed to making a meaningful difference in the lives of patients and their families around the globe. We are here to give back to others while creating something of lasting value.
Fogarty Innovation is a nonprofit educational incubator dedicated to advancing medical innovation that improves human health. We do this in three primary ways:
Create Companies: As an incubator and accelerator, our experienced staff provides immersive support to help early-stage companies hone their strategies, build their teams, and navigate the path to commercialization. Earlier in the pipeline, we help aspiring innovators evaluate promising ideas and answer the difficult questions that determine how, or whether, to take a concept forward. We help innovators get their ideas to patients.
Educate Stakeholders: Because transforming ideas into great technologies, services, and companies is a complex process, we provide practical educational programming that addresses challenges across the innovation lifecycle. Taught by real-world experts, our courses clarify the medtech landscape, illuminate current best practices, encourage lively discussion, and foster lasting personal connections. Many of these programs are open to members of the startup ecosystem; others are developed for specific audiences, including students, our in-house entrepreneurs/companies and government agencies. We believe innovation is a discipline that can be taught and honed.
Elevate the Ecosystem: Our alliances program leverages our unique nonprofit status to bring together disparate public and private entities and forge partnerships that help innovation thrive. By increasing understanding and cooperation among innovators, industry and government, we can address social issues and influence policy decisions that strengthen the early-stage medtech ecosystem. We are stronger together.
What’s Happening at Fogarty Innovation
The cultivation of medical technology companies at various stages of development is at the heart of Fogarty Innovation’s mission, and the core of our history. From day one, we have teamed with medtech pioneers through our tailored incubation and acceleration programs. Get to know some of our current entrepreneurs and the groundbreaking ideas we are helping them translate into game-changing solutions for patients worldwide.
Auricle is developing a minimally-invasive cochlear neurostimulation device technology to restore hearing in adults with severe high-frequency hearing loss. The condition, which makes it increasingly difficult to understand speech, affects over one million adults in the US. The condition has few treatment options; hearing aides can become less effective over time, and the only other solution is cochlear implants, an expensive and irreversible treatment that can risk residual hearing.
Autoimmune diseases are the third most common category of disease in the United States, affecting up to 27 million people. Boomerang Medical is a bioelectronic medicine company developing technology to advance the treatment of autoimmune diseases by harnessing the body’s own “peripheral wiring” in order to manage inflammation and immune response. Boomerang Medical is backed by Arboretum Ventures, a venture capital firm specializing in companies that improve patient outcomes and reduce healthcare system costs.
Current chronic therapies for short bowel syndrome (SBS), a malabsorption disorder caused by the lack of a functional small intestine, include expensive medication and intestinal surgery. These approaches have low success rates and a staggering average 5-year cost of care of $1.6 million per patient. Eclipse Regenesis is developing the first restorative therapy for pediatric and adult SBS patients with the Eclipse XL1 Distraction Enterogenesis System, which harnesses the body’s own tissue regenerative capabilities to produce new, fully functional intestine.
Skin cancer is the most common form of malignancy, with more individuals diagnosed each year than for all other cancers combined. For the last 150 years, these malignancies have required an invasive biopsy for diagnosis, but Enspectra is leading a digital transformation in pathology by imaging real-time cellular anatomy in living tissue, without cuts or stains.
One hundred seventy-eight million adults in the United States are missing at least one tooth, and a surprising 40 million are missing all their teeth. Dental implants are the top treatment choice of treatment, but this solution is utilized by less than 2 percent of those impacted by tooth loss because of limited accessibility, high cost, high risk and long treatment time. iDentical is leveraging the latest 3D technology to offer a safer, faster and more affordable solution through its drill-free, non-invasive dental implants.
Immergo Labs is a virtual reality telehealth platform that connects therapists and patients for physical rehabilitation services. Immergo uses artificial intelligence and virtual reality (VR) to incorporate telehealth capabilities and enhance the accessibility, experience, and accuracy of remote physical therapy care. With just a VR headset, the platform connects patients and therapists as if they were interacting live.
Approximately 50 percent of all women in the U.S. will suffer symptoms of a pelvic floor disorder resulting from childbirth by the time they turn 55, and over 20 million suffer from pelvic pain. Materna has developed an obstetrics and gynecology platform of medical devices: the first, Prep, is aimed at preventing maternal pelvic injuries during childbirth and shortening delivery time; the second, Milli, is helping treat pelvic pain and dyspareunia.
As the third-leading cause of death worldwide, chronic obstructive pulmonary disease (COPD) is a group of diseases that causes airway blockage and breathing problems. Ryme is focused on alleviating the suffering of patients who struggle to breathe by targeting the autonomous nervous system. The condition impacts more than 375 million people worldwide at an annual cost of approximately $50 billion and is a huge burden to healthcare systems around the world.
Selera is an early-stage company focused on providing a therapeutic option for heart failure patients who are still symptomatic after exhausting existing medication treatment options. The team is targeting the lymphatic system with the goal of reducing congestion and its downstream effects to improve quality of life and reducing mortality.
Who We Work With
The medical technology ecosystem is shaped by a variety of interconnected constituents—private and public, financial and philanthropic, academic and industrial. Our nonprofit status and years of experience working with these stakeholders give us a unique ability to bring these disparate groups together and build collaborations that help advance innovative solutions towards patient care.
– Venture Capitalist
The growing list of groups with whom we are proud to actively collaborate includes:
Medtech Advocacy Groups
Other Global Innovation Programs
The Investment Community
Developing healthcare solutions for a diverse population requires innovation teams fueled by disparate viewpoints, backgrounds, opinions, and experiences. To improve diversity in the health technology innovation ecosystem, we teamed up with Stanford Biodesign to found and support Diversity by Doing Healthtech. Learn more about DxD as well as our partnerships with other organizations dedicated to diversity.
Join Our Journey
We are all innovators and have something novel to bring to life—whether that is a creative idea, a new technology, or simply the conviction that there must be a better way. If healthcare is your passion—and you’re driven to shape its future—we encourage you to learn more about Fogarty Innovation’s audacious vision. Help us turn possibilities into realities. Contact us to begin your journey.
Latest Blogs and Videos
One of the signature events that heralds the beginning of a new year at Fogarty Innovation is the January arrival of the Singapore Biodesign Innovation and Faculty Fellows. The...
Fred St Goar, MD, needs little introduction, given his integral role in the Fogarty Innovation journey since its inception and his current position as vice chairman of the board....
Enspectra Health’s innovative VIOTM System recently received its first FDA clearance. VIO is a portable, hand-held device that provides high-resolution images of cellular...