News & Trends - MedTech & Diagnostics
Restorabite and Plio Surgical crowned winners of BBFH Challenge 2023
MedTech & Diagnostics News: Start-ups Restorabite and Plio Surgical have been crowned the winners of the Building Better Futures for Health (BBFH) Challenge 2023, led by IDE Group.
The awards ceremony, held at the iconic Powerhouse Museum on 13th September, brought together a dynamic community of healthcare visionaries, startups, researchers, and industry experts. This year’s BBFH Challenge showcased an impressive array of medical innovations from Australia, the United States, and Europe, addressing critical healthcare challenges in surgical oncology, interventional medicine, chronic care, and rehabilitation.
Restorabite was crowned the winner of the BBFH Challenge 2023, securing the coveted first prize of $30,000. Designed to restore the vital jaw functionality after complex head and neck cancer treatments and surgery, Restorabite is poised to enhance the patient rehabilitation journey. As a 3D-printed medical device, it combines affordability, portability, and telehealth compatibility.
Accepting the award, Dr Emma Charters, a speech pathologist with Integrated Prosthetics & Reconstruction in Sydney and a member of the Restorabite team expressed her appreciation, stating “The BBFH application process has already provided us invaluable support, including the opportunity to pitch our idea, receive invaluable guidance from an exceptional team and connect with individuals who share our passion for improving the future of healthcare. On behalf of our team at Chris O’Brien Lifehouse, we extend our gratitude for your support in developing our commercialisation pathway so we can reach more people quickly.”
Plio Surgical, a spin-out of Trinity College Dublin in Ireland, emerged as the recipient of the People’s Choice Award, entailing $10,000 in IDE Group services. The company is developing an innovative solution in colon cancer surgery to mitigate anastomotic leakage, a severe complication of cancer resection.
“We are delighted to receive this recognition in advancing our mission to transform gastrointestinal care and the lives of patients undergoing surgical resection. While we acknowledge the significant work that lies ahead, we are profoundly grateful for IDE Group’s invaluable support in helping us realise our goal. We also extend our heartfelt appreciation to Trinity College Dublin and Enterprise Ireland for their continued support on this transformative journey,” commented Gareth Gallagher, Chief Technology Officer of Plio Surgical.
This year’s BBFH Challenge winners will further benefit from an exclusive IDE Building Blocks Workshop, where a tailored commercial strategy will be developed to propel their ventures forward, ensuring they reach their full potential in the healthcare industry.
George Sidis, Managing Director of IDE Group, reflected on the resounding success of BBFH Challenge 2023. He said “This year witnessed the largest competition we have ever hosted to date. We are grateful to have received applications from over 30 medtech ventures eager to collaborate with us to Build Better Futures for Health. I extend my heartfelt congratulations to Restorabite and Plio Surgical, and eagerly anticipate commencing our work together on your commercialisation journey. The addition of our first winner from Europe marks a significant milestone for BBFH as IDE Group continues to expand its footprint in overseas markets.”
Dr Charters offered her advice to healthcare startups navigating the challenging path to commercialisation. “Familiarise yourself thoroughly with the problem at hand. Understanding the need for a solution and the extent of previous attempts to address it is paramount. Furthermore, assemble a great team; it makes the late nights, hectic schedules and a seemingly insurmountable task all the more achievable,” Dr Charters emphasised.
Mr Gallagher added his insights, commenting “Within the extensive spectrum of skills necessary for medtech enterprise success, my advice is to actively seek mentorship and robust support networks.”
Mr Sidis concluded by extending his gratitude to all participants for their exceptional presentations and expressed his eagerness to forge partnerships with them in the coming months.
In reimagining healthcare, Health Industry HubTM is the ONLY one-stop-hub uniting the diversity of Pharma, MedTech, Diagnostics & Biotech sectors to inspire meaningful change. The exclusive leadership and influencer podcasts and vodcasts offer unparalleled insights and add immense value to our breaking news coverage.
The Health Industry HubTM content is copyright protected. Access is available under individual user licenses. Please click here to subscribe and visit T&Cs here.
News & Trends - Pharmaceuticals
Will the new PBS campaign pressure the government to act?
Pharma News: The medicines industry is ramping up its campaign to slash delays in patient access to new and innovative […]
MoreNews & Trends - MedTech & Diagnostics
Private hospitals struggle despite surge in admissions: Financial crisis worsens as inflation outpaces benefits
MedTech & Diagnostics News: Private hospital admissions are on the rise, but this uptick is not enough to counter the […]
MoreDigital & Innovation
Health sector and government under scrutiny: Record data breaches expose millions
Digital & Innovation: The national privacy regulator has raised alarm over escalating threats, reporting a record surge in data breach notifications. […]
MoreMedical and Science
Diabetes research funding plummets by 35%: Consultation launched to reverse decline
Medical & Science: Australia’s diabetes crisis is deepening, with calls for urgent action growing louder. The Standing Committee on Health, […]
More