HOUSTON, TX, May 30, 2019 – Johnson & Johnson Innovation – JLABS together with the Texas Medical Center and AngelMD today announced the launch of the Breakthrough Medical Technologies QuickFire Challenge.
The Breakthrough Medical Technologies QuickFire Challenge is open to entrepreneurs, researchers and start-up companies in the local area and around the world, working on potentially game-changing medical device innovations with the aim to impact human health.
The innovator(s) with the best ideas will receive up to $250,000 in convertible notes funding from TMC; entry to the TMCx accelerator program; one year of residency at JLABS @ TMC in Houston, Texas; and access to the Johnson & Johnson, Innovation -- JLABS global ecosystem. Additionally, Johnson & Johnson Innovation has partnered with AngelMD, an investment platform and marketplace connecting innovative medical startups, physicians, investors, and industry partners to provide the selected innovative solution the opportunity to receive an additional convertible note investment up to $100,000 from its Catalyst Fund. As well, AngelMD will also consider qualified innovators company profile for listing on its investment platform.
The Breakthrough Medical Technologies QuickFire Challenge welcomes submissions from today, May 30, 2019 through August 8, 2019. For more information about the application process, please visit jlabs.buzz/QFCTMC.
The QuickFire Challenges are managed by Johnson & Johnson Innovation, JLABS, to address today’s greatest health care challenges. JLABS facilities have incubated more than 420 companies to date, advancing biotech, pharmaceutical, medical device, consumer and health tech programs across all JLABS locations: New York City; San Diego; San Francisco; South San Francisco; Boston; Lowell, MA; Houston; Toronto; Beerse, Belgium; Shanghai opening in 2019; and Washington, D.C. opening in 2020.
For more information about the QuickFire Challenges, please visit: https://jlabs.jnjinnovation.com/quickfire-challenges.
About Johnson & Johnson Innovation
Johnson & Johnson Innovation LLC focuses on accelerating all stages of innovation worldwide and forming collaborations between entrepreneurs and Johnson & Johnson’s global healthcare businesses. Johnson & Johnson Innovation provides scientists, entrepreneurs and emerging companies with one-stop access to science and technology experts who can facilitate collaborations across the pharmaceutical, medical device and consumer companies of Johnson & Johnson. Under the Johnson & Johnson Innovation umbrella of businesses, we connect with innovators through our regional Innovation Centers; Johnson & Johnson Innovation - JLABS; Johnson & Johnson Innovation – JJDC, Inc.; and our business development teams to create customized deals and novel collaborations that speed development of innovations to solve unmet needs in patients. JLABS provides the laboratories, expertise, education, tools and resources needed to help life science startups thrive, all with no strings attached. A Johnson & Johnson Innovation Center for Device Innovation at the Texas Medical Center (CDI @ TMC) has been established to accelerate the development of medical devices. For more information about Johnson & Johnson Innovation, please visit: www.jnjinnovation.com or follow @JNJinnovation.
About Johnson & Johnson Innovation – JLABS
Johnson & Johnson Innovation - JLABS (JLABS) is a global network of open innovation ecosystems, enabling and empowering innovators across a broad healthcare spectrum including pharmaceutical, medical device, consumer and health tech sectors to create and accelerate the delivery of life-saving, life-enhancing health and wellness solutions to patients around the world. JLABS achieves this by providing the optimal environment for emerging companies to catalyze growth and optimize their research and development by opening them to vital industry connections, delivering entrepreneurial programs and providing a capital-efficient, flexible platform where they can transform the scientific discoveries of today into the breakthrough healthcare solutions of tomorrow. At JLABS, we value great ideas and are passionate about removing obstacles to success to help innovators unleash the potential of their early scientific discoveries. JLABS is a no-strings-attached model, which means entrepreneurs are free to develop their science while holding on to their intellectual property. JLABS also produces campaigns to seek out the best science called QuickFire Challenges. For more information, visit www.jlabs.jnjinnovation.com or follow @JLABS.
About the Texas Medical Center
For the first time in the history of the Texas Medical Center, leaders throughout the TMC community have joined together in a visionary initiative to drive the next generation of life science advancements. Their goal: To become the world leader in health and life sciences by leveraging the collective power of TMC’s renowned institutions in a shared, centrally managed environment. The result is a research collaborative unlike anything TMC has ever known or health care has ever seen.
The initiative is a natural extension of TMC’s original mission to serve the health, education and research needs of Texas and the world. As health care’s largest and most diverse community, TMC is positioned to make a difference in ways no other single institution can. By uniting its unrivaled resources and expertise, the Texas Medical Center can more readily drive the commercialization of breakthrough ideas, expand its reach as a global medical leader and ultimately transform human health.
About the TMC Innovation Institute and TMCx Accelerator Program
TMCx Innovation Institute , The Texas Medical Center’s Innovation Institute is the first step in the Texas Medical Center’s long-term plans to become one of the world’s premiere life science commercialization clusters. The institute provides programs including the TMCx accelerator, which provides entrepreneurs the essential resources for growth including office and meeting space, training curriculum and an extensive advisor network comprised of business and legal experts, health care professionals, executives and investors. The inaugural TMCx program launched in Spring 2015. The Innovation Institute programs also include the year-long TMC Biodesign digital health and medical device fellowship and TMCx+ co-working space. For more information, visit www.tmcinnovation.org.
AngelMD is an investment platform and marketplace connecting innovative medical startups with its network of physicians, investors, and industry partners. Leading physicians from all over the US have joined the AngelMD Scientific Advisory Board and Leaders Club to help source, evaluate and advise companies in biotechnology, medical device and healthcare technology. AngelMD makes investments through its AngelMD Syndicates and Catalyst Fund. For more information, visit www.AngelMD.com.