FORT COLLINS, Colo., Oct. 6, 2016 (GLOBE NEWSWIRE) -- Green Sun Medical, a Colorado-based startup company developing a transformative bracing technology for the treatment of adolescent scoliosis, was named by AdvaMed 2016: The MedTech Conference as one of four finalists in the annual MedTech Innovator global competition. MedTech Innovator is the medtech industry's global competition and virtual accelerator, and Green Sun Medical rose to the top of 430 applications submitted from organizations in 24 countries. The competition will be held on October 19th in Minneapolis, Minn. for $335,000 in prizes.
Green Sun Medical is developing a tech-enabled spinal brace for adolescent scoliosis patients. Their technology allows the patient to move and generate constant corrective forces necessary to reverse deformity by having the brace apply reduction forces. "It's an honor to be named a finalist with these incredible companies driving innovation into the medical technology industry," said Jamie Haggard, Green Sun Medical CEO and Co-Founder. "To be recognized by AdvaMed and MedTech Innovator has generated enormous momentum for us."
In June 2016, Green Sun Medical was voted most impactful product for patients at the Wilson Sonsini Medical Device Conference. From this MedTech Innovator competition, Green Sun Medical was selected as a finalist in the upcoming competition at AdvaMed 2016: The MedTech Conference .
Green Sun Medical is a current client company of Innosphere, Colorado's leading high-tech incubator. With support from Innosphere's business incubation program, Green Sun Medical has become investor ready, has connected with experienced advisors, and has received introductions to corporate and strategic partners. "Green Sun Medical is quickly gaining recognition and support," said Mike Freeman, Innosphere CEO. "Their medical device will change lives and we're lucky to work with their incredible team."
"On October 19 these finalists will have an amazing opportunity to share their innovative technologies with the 2,500+ conference attendees, including many business development executives, venture capitalists and other industry influencers," said Paul Grand, MedTech Innovator CEO.
The final round of the MedTech Innovator competition will be held during a plenary session at AdvaMed 2016 on Wednesday, October 19 at 7:30 a.m. in Minneapolis, Minn. at the Minneapolis Convention Center. Green Sun Medical and the other finalists will make their presentations and be questioned by the judging panel, including Daniel Estes, vice chair, Mayo Clinic Ventures; Jennifer Kozak, vice president, new business development, Johnson & Johnson; Albert Lauritano, director, strategic technology partnerships, BD; and Tamara StClaire, chief innovation officer, Xerox Healthcare.
The winners will then be determined by a real-time live audience vote, with cash prizes of $200,000 for first place and $50,000 for second place, which are supported by Johnson & Johnson, the Cottrell Foundation, BD (Becton, Dickinson and Company), Enterprise Ireland, IDA and RCT Ventures. There will also be scholarships awarded for Johnson & Johnson JLABS.
For more information on MedTech Innovator and the 2016 competition, please visit www.medtechinnovator.org.
For more information on Green Sun Medical's bracing technology, please contact Jamie Haggard, Green Sun Medical CEO, at (970) 215-3291 or jamie@greensunmedical.com
About Green Sun Medical, LLC
Green Sun Medical, LLC is a Colorado Limited Liability Company founded in 2015 and is a Wholly Owned Subsidiary of Green Sun Holdings, LLC. They were founded to develop innovative treatments to address Adolescent Idiopathic Scoliosis (AIS). The company is developing a dynamic orthotic for use on adolescent idiopathic scoliosis. Visit www.greensunmedical.com , or follow on Twitter @dynamicbrace.
About Innosphere:
Innosphere is a non-profit technology incubator accelerating the success of high-impact science and technology startups. Innosphere has two physical locations in Fort Collins and Denver, Colorado to support entrepreneurs building potential, high-growth companies in the industries of health innovations, life sciences, software, hardware, energy, and advanced materials. Innosphere's incubation program focuses on ensuring companies are investor ready, connecting them with experienced advisors, and making introductions to corporate partners. Once accepted into the program, companies receive customized development plans and ongoing support to ensure they're getting the know-how to raise the right kind of capital, and all the resources to grow. www.innosphere.org
Jamie Haggard Green Sun Medical CEO (970) 215-3291 Emily Wilson Communications Director Innosphere (970) 295-4481
