Digital RESI November IPC Winners

By Claire Jeong, Chief Conference Officer, Vice President of Investor Research, Asia BD, LSN

claire

Last month, Life Science Nation wrapped up its final Innovator’s Pitch Challenge (IPC) of the year. While the team is busy preparing for our next one at JPM Week, January 11-13, we would be remiss not to announce and celebrate the winners of the Digital RESI November IPC!

1st Place
Sana Health
2nd Place
Braingrade
3rd Place
MOWOOT

Apply for IPC with Icon

Learn more about our winners and how they are shaping the early-stage ecosystem with their technology. Winners are chosen by the votes of our attendees who can access their dedicated landing pages and pitch materials, as well as participate in the live Q&A session. If you’re interested in joining the next IPC, applications are open until December 17. Applications are accepted on a rolling basis, so send yours in today!

FDA Breakthrough device designation for fibromyalgia (class II), Sana is an audiovisual neuormodulation device that gives anxiety relief on demand, giving it applications across pain, mental health and long covid. We have recently completed a pivotal study in Fibromyalgia with Duke, which will be submitted to the FDA as a Denovo in the next month. We also have a pivotal study underway in Neuropathic pain at Mount Sinai, and two more pivotals in Anxiety and PTSD due to start in Q1. We recently were awarded a DoD grant for PTSD. We are on market under a 513g Designation as a wellness device, allowing for speedy clinical trials and adoption. Future areas – depression, lower back pain and long covid. The user puts on the device, and pulses of light and sound induce deep relaxation or sleep within 16 minutes.

Braingrade is developing a brain co-processor, the next-generation brain-machine interface to enhance human cognition. As it?s first indication, the company is targeting Alzheimer?s Disease (AD). The Braingrade memory implant is a fully implantable (invisible, under the skin) deep brain stimulator. The device is capable of detecting abnormal neural activity across multiple brain regions and applying AI-optimized, patterned, electrical stimulation to rectify affected memory circuit oscillations and restore healthy brain activity. It does this through novel probes that use a new material allowing more electrodes at a smaller scale. Braingrade is comprised of a team of experts in all facets of neuro-engineering, with a proven track record of collectively developing and commercialising neuromodulation devices and includes executives and founders of Neuralink, Paradromics & Blackrock as well as DARPA Scientists.

MOWOOT is a growth stage medical device company treating intestinal transit disorders with a novel, purely physical, non-drug, non-invasive solution.

Panels at Digital RESI November

By Rory McCann, Marketing Manager & Conference Producer, LSN

Panel discussions are a popular feature at RESI partnering events. They are valuable tools for entrepreneurs to gather insight from those who are further up the road they are walking and can illuminate what hurdles they may encounter on their own fundraising journey. As the team at Life Science Nation prepares panels for Digital RESI JPM, we want to take the opportunity to share a sample of panel discussions at the past event.

Do you or a colleague have their own experience to share at Digital RESI JPM? Let us know and check out our lineup for next month’s virtual event. Looking to connect with investors and learn from colleagues in your industry? Sign up today to save $200 on early-bird rates!

Clinical & Research Data

Clinical & Research Data

Tales from the Road (RESI)

Tales from the Road (RESI)

Women in Age-Tech

Women in Age-Tech

Impact Investors

Impact Investors

Hot Investor Mandate: New US Fund of Asia-Based Healthcare VC Seeks USA & Europe Companies in Therapeutics, Medical Device, and Diagnostics Sectors

A new founded US fund of an Asia-based healthcare-focused venture capital firm. The firm seeks to make equity investments into early-stage life science companies. The sweet spot is seed to series B and the typical check size ranges from $5 – $10 million USD. The firm focuses on US, Canada or EU based companies. The firm prefers to co-invest or syndicate with other well-known investors.

The firm is looking for new investment opportunities across a wide spectrum of life science sectors, including Therapeutics, Diagnostics and Medical Technology. Digital Health and purely technology companies are less of interest.

The firm is open to work will entrepreneurs with all experience levels.

If you are interested in more information about this investor and other investors tracked by LSN, please email mandates@lifesciencenation.com.

Hot Investor Mandate: European Investment Firm Invests in Novel Therapies in Oncology and Genetic Diseases, Invests Up to $30M Over the Company’s Lifespan

A global investor, headquartered in Europe that was previously focused on oncology has expanded their investments to genetic diseases with its new fund. The firm makes selective investments in newly founded or early-stage platform companies that apply novel science and innovative technologies to bring first-in-class drug candidates to patients. Typically, the firm invests in incorporated companies from seed stage onwards. The investment size will vary, and it can invest $25-30M over the lifetime of the companies. The firm has no geographic restriction and is actively seeking new investment opportunities across the globe.

In the life sciences, the firm is currently seeking new investments targeting the development of oncology therapies and therapeutics targeting genetic diseases, and is open to all types of therapeutic modalities and all indications relevant to those spaces, including platform technologies. The firm will typically not invest in medical devices or diagnostics, unless as companion to a therapeutic solution. Project will be evaluated on solid preclinical proof-of-concept (late preclinical stage/pre-IND or early clinical), and will often fund the companies at least up to human proof-of-concept (clinical Phase Ib – Phase IIa).

The firm only invests in private companies with experienced management teams and breakthrough potential. The firm most often takes the responsibility to be lead investor, alone or in syndicate as the opportunity demands, and wants to be actively involved in the successful development and growth of the portfolio companies. To this end, the firm has several experts in oncology and genetic diseases, intellectual property and drug development on the investment team and available to the portfolio companies.

If you are interested in more information about this investor and other investors tracked by LSN, please email mandates@lifesciencenation.com.

Hot Investor Mandate: VC Seeks Medical Device & Diagnostics Investments Across the USA, Prefers Companies with Working Prototypes or Strong Proof-of-Concept

A Venture Capital firm based in the USA is currently investing out of their fourth fund. The firm looks to make early-stage investments, typically in Series A companies. Investments range from $1M to $1.5M in the initial round with up to $3M in reserve for follow on financings. The firm invests across the United States. The firm prefers to syndicate rounds with additional strong institutional investors, and is willing to serve as lead investor.

The firm invests solely in early-stage medical device and diagnostics companies. The firm generally looks for companies that have created an early working prototype or obtained a proof-of-concept with supporting data.

The firm seeks privately-held companies and maintains positive and productive working relationships with its portfolio companies, providing proactive assistance. The firm is more open to taking significant scientific and technical risk as opposed to sales and marketing challenges, preferring to fund clinical trials and regulatory approval.

If you are interested in more information about this investor and other investors tracked by LSN, please email mandates@lifesciencenation.com.

Hot Investor Mandate: USA VC Invests in Therapeutics & Medical Device Technologies, With Strongest Interest in Therapeutics Solutions Targeting Unmet Medical Need

A Venture Capital firm based in USA manages 5 funds. With the latest fund, the firm looks to provide up to $3-4 million of preferred equity capital in the initial round and up to $6-8 million over the life of the investment. The firm generally looks for companies with lead assets that can reach a high value inflection point in 3-4 years. The firm will consider companies in North America.

The firm is currently looking for companies developing Therapeutics and Medical Technology. Within therapeutics which is the firms primary focus, companies with an asset anywhere from preclinical with positive animal data to Phase II will be considered. The firm is generally open to all technology types and indications with the exception of wound care and psychiatry. Within devices, the firm is currently looking for market approved product with early revenue; however, devices are not an investment priority at present. The firm is looking for companies targeting true un-met medical needs where either no treatment currently exists or the existing standard of care is wrought with side-effects and other impediments to quality care.

The firm does not have any specific requirement for a firm’s management team although they are an active investor looking to take a seat on the company’s board.

If you are interested in more information about this investor and other investors tracked by LSN, please email mandates@lifesciencenation.com.

Let Your Voice Be Heard at Digital RESI JPM

By Rory McCann, Marketing Manager & Conference Producer, LSN

As Digital RESI November closes today, the team at Life Science Nation is looking ahead to Digital RESI JPM, January 11-13, 2022. In addition to RESI’s powerful partnering system, the virtual panels are a highlight for investors and fundraising entrepreneurs alike. RESI panels feature industry innovators and subject matter experts to discuss navigating the early-stage ecosystem within life science and healthcare, tackling topics relevant to fundraising and company-building.

Is there a topic you’d like to see at Digital RESI JPM? Would you recommend a particular industry expert or prolific investor to speak to fundraising in this space? We want to hear from you and highlight the issues and stories that are most meaningful to the RESI community. Send your suggestions to RESI@lifesciencenation.com and sign up for Digital RESI JPM by Friday, November 28 to save $300!