VentureClash provides early-stage companies worldwide with an opportunity to grow their business in Connecticut. The goal is to help speed digital health, FinTech, InsurTech and Internet of Things (IoT) innovations to market by awarding capital to promising early-stage companies.
At the $5 million pitch competition, early-stage companies are joined by experts, investors, entrepreneurs, customers, and educators where finalists will pitch to a panel of judges. With the recognition that it takes more than money to succeed, competitors also receive access to a critical network of customers, investors, mentors, and talent.
PeekMed CEO and Chairman João Pedro Ribeiro shared about the startup and their experience participating in VentureClash.
INNOVATION DESTINATION HARTFORD: Tell us about your company. When and why did it launch?
JOÃO PEDRO RIBEIRO: We started PeekMed in 2015 to develop healthcare products based on software and medical imaging. Our goal is to develop solutions that are simple and beautiful but at the same time powerful in technology
PeekMed, our first product, is a 3-D pre-operative planning system for orthopedic surgery. We want PeekMed to help surgeons better understand surgery and treat patients while reducing costs and time.
>>Watch a video to learn more about PeekMed:
IDH: Why do you feel it is important for your startup to have a U.S. presence?
JOÃO: We want to give our tool to every single surgeon, with our target markets Europe and the United States. For that reason, we feel it’s important to have a U.S. base to boost sales a provide proper customer support.
IDH: What challenges do international businesses face when trying to establish a presence in the United States?
JOÃO: Usually the challenges with being a European company are related to credibility.
IDH: Why is Connecticut a good fit?
JOÃO: Connecticut is highly relevant with Yale University and research and develop, so for a company that develops medical devices and needs to be constantly innovating, Connecticut is a perfect fit.
IDH: How did you become involved with VentureClash?
JOÃO: A Portuguese investor presented the program to us and then we applied.
IDH: What do you hope to gain from the experience of participating in VentureClash?
JOÃO: PeekMed has been getting a lot of interest and great feedback from hospitals and medical centers in Connecticut. By participating in VentureClash, we would also like to start engaging with all the parties involved in the program.
IDH: Where do you hope to see the company in one year’s time?
JOÃO: Within a year, we would like to have at least three major contracts with the largest implant manufacturers.
Find out more about PeekMed
Learn about other VentureClash 2017 finalists
- Bought By Many – London-Based InsurTech Company Is a Ventureclash Finalist
- FRISS – InsurTech Startup from The Netherlands is a VentureClash Finalist
- SCADAfence – Israeli IoT Startup Second Place VentureClash Winner
- Telespec – Canadian IoT Startup is a VentureClash Finalist
Managed by Connecticut Innovations, VentureClash is Connecticut’s global venture challenge focused on early-stage companies. The challenge, launched in 2016, identifies high-potential companies in digital health, IoT, InsureTech and FinTech that will compete for investments from a $5 million award pool. Visit www.ventureclash.com to learn about qualifications, requirements, guidelines, and how to apply.
About Connecticut Innovations
Connecticut Innovations provides venture capital and strategic support for innovative, early-stage technology companies; financial support for innovation and collaboration; and connections to its well-established network of partners and professionals. For more information, visit www.ctinnovations.com or read our interview with Connecticut Innovations CEO Matt McCooe.