greenlight.guru Archives - Medical Design Sourcing

New M1 MedTech accelerator opens applications for first cohort

M1 MedTech Director of Programs Sean Bittner [Photo courtesy of M1 MedTech]The new M1 MedTech accelerator is now taking applications from early-stage medical device developers for its first fall cohort.

The program — sponsored by contract research organization Proxima Clinical Research, based in Houston’s Texas Medical Center — said it has closed its first fund and wants “five to seven of the most promising early-stage medical device companies” for the three-month program.

M1 MedTech will select companies this summer for investments of up to $100,000 in the form of cash and in-kind services. The program’s coaching includes “a curated educational program, interactive workshops where participants can continually build out specific company deliverables, and tailored one-on-one mentoring,” M1 MedTech said in a news release.

Get the full story at our sister site, Medical Design & Outsourcing.

New M1 MedTech accelerator opens applications for first cohort

M1 MedTech Director of Programs Sean Bittner [Photo courtesy of M1 MedTech]

The new M1 MedTech accelerator is now taking applications from early-stage medical device developers for its first fall cohort.

The program — sponsored by contract research organization Proxima Clinical Research, based in Houston’s Texas Medical Center — said it has closed its first fund and wants “five to seven of the most promising early-stage medical device companies” for the three-month program.

M1 MedTech will select companies this summer for investments of up to $100,000 in the form of cash and in-kind services. The program’s coaching includes “a curated educational program, interactive workshops where participants can continually build out specific company deliverables, and tailored one-on-one mentoring,” M1 MedTech said in a news release.

“Our program is unique in that it combine…

JMI Equity invests $120M in Greenlight Guru

Greenlight Guru announced that it has received a roughly $120 million investment from JMI Equity to support further development and sales growth for its medical device quality management software.

The news comes half a year after Indianapolis-based Greenlight Guru launched its AI-powered Halo for Change Management, which provides recommendations of items impacted by a change order and real-time visibility to discover, assess and manage the impact of a change.

Get the full story on our sister site Medical Design & Outsourcing.

JMI Equity invests $120M in Greenlight Guru

Greenlight Guru announced that it has received a roughly $120 million investment from JMI Equity to support further development and sales growth for its medical device quality management software.

The news comes half a year after Indianapolis-based Greenlight Guru launched its AI-powered Halo for Change Management, which provides recommendations of items impacted by a change order and real-time visibility to discover, assess and manage the impact of a change.

“We listened to the needs of the medical device industry and chose JMI Equity as a strategic partner because they are experts at achieving growth by putting the customer first,” Greenlight Guru CEO David DeRam said in a news release posted yesterday.

“We’ve been extremely deliberate when taking on investment because we wanted to ensure we found the right partner for us and our customers. This partnership will allow us to accelerate the value we provide to our customers as we remain committed to help…

Greenlight Guru is boosting its medtech quality management software with AI

[Photo by Michael Dziedzic on Unsplash]

Greenlight Guru (Indianapolis) recently announced that it’s added an AI and machine learning recommendation engine to its medical device quality management software platform.

The newly launched Halo for Change Management provides recommendations of items impacted by a change order and real-time visibility to discover, assess and manage the impact of a change, according to Greenlight Guru.

“Our recent 2021 State of Medical Device Quality Report revealed that, currently, 60% of organizations rely on traceability for conducting change, while 28% of medical device professionals say it still takes a full day or more to run a change impact analysis. This tells us that medical device professionals are working from a reactive state that is tedious and error-prone, limiting organizations from gathering the quality insights that are needed to stay ahead of change…