American Councils and the U.S.-Russia Innovation Corridor Accelerate Medical Technology Startups

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The early-stage Russian startups met with U.S. investors, companies, universities, and industry players operating in the Mid-Atlantic healthcare ecosystem.

U.S.-Russia Innovation Corridor medical technology accelerator participants visit the mHealth Summit in Washington, DC

U.S.-Russia Innovation Corridor medical technology accelerator participants visit the mHealth Summit in Washington, DC

Five medical technology startups from Russia traveled to Philadelphia and Washington, D.C. on November 2-11 as part of the U.S.-Russia Innovation Corridor (USRIC) medical technology accelerator program. The early-stage startups met with U.S. investors, companies, universities, and industry players operating in the Mid-Atlantic healthcare ecosystem.

Administered by American Councils for International Education and supported by a grant from the US-Russia Foundation, USRIC connects Russian startups to universities, scientists, business development experts, industry associations, and customers in the United States with the goal of accelerating commercial activity of scientific projects and creating win-win economic partnerships

The Russian startups in the November delegation included:

  • Advanced Dental Cloud, a SaaS CAD/CAM platform that connects dentists to milling and scanning centers.
  • Exoatlet, a powered exoskeleton for rehabilitation of paraplegic patients.
  • iBinom, a cloud-based service to help geneticists and clinical researchers analyze genome information for inherited disease diagnostics.
  • MD4ME, an IT service for better interpreting patients’ lab test results.
  • MyGenetics, a direct-to-consumer DNA-testing service for discovering patient's nutritional needs.

During the first half of the two-week working visit, Philadelphia’s University City Science Center Digital Healthcare Accelerator hosted an investor pitch session. The startups introduced their products to medical faculty from Temple University and Drexel University, and discussed sponsored research opportunities and industry-university collaboration. The startups met local healthcare leaders including the Children’s Hospital of Philadelphia and DreamIt Ventures, a venture capital and seed accelerator firm focusing on medical technologies.

The delegation then traveled to Washington, D.C. where they met biotechnology experts at George Washington University, Johns Hopkins University, MedStar Institute for Innovation, and Kaiser Permanente Center for Total Health. Throughout the visit, U.S. experts shared perspectives on intellectual property protection, market entry strategies, and key trends in medical technology. The visit culminated in a visit to the mHealth Summit, the Russian American Scientists Association annual conference, and a roundtable with investors and corporate representatives hosted at American Councils’ headquarters in Washington, D.C.

About the U.S.-Russia Innovation Corridor
Supported by American Councils for International Education and funded by the US-Russia Foundation, the U.S.-Russia Innovation Corridor connects Russian startups to universities, scientists, business development experts, industry associations, and customers in the U.S. with the goal of accelerating commercial activity of scientific projects and creating win-win economic partnerships.

Formed in 2013, the U.S.-Russia Innovation Corridor has provided mentorship and organized intensive working visits for over 30 administrators and startups from academic institutions, including Bauman Moscow State Technical University, the University of Nizhny Novgorod, Perm National Research University, Yaroslavl State University, National Mining University in St. Petersburg, and Kazan Federal University. The U.S.-Russia Innovation Corridor is an initiative of the Enhancing University Research and Entrepreneurial Capacity (EURECA) program.

For more information about the U.S.-Russia Innovation Corridor, visit USRIC’s website at http://www.usric.org or follow @usric_en on Twitter for more information on current and future activities.

About American Councils
American Councils for International Education is a premier, international nonprofit creating educational opportunities that prepare individuals and institutions to succeed in an increasingly interconnected and rapidly changing world.

Through academic exchanges, overseas language immersion, data-focused research, and educational development programs, American Councils designs and administers innovative programs that broaden individual perspectives, increase knowledge, and deepen understanding.

For 40 years, American Councils has responded to the needs of the communities where we work with hundreds of robust, international education programs that span over 80 countries, 40 languages, and are represented by over 55,000 alumni worldwide, including government leaders, top international educators, business innovators, public officials, and K-16 students.

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About the US-Russia Foundation
The US Russia Foundation (USRF) is the legacy foundation of The US Russia Investment Fund (TUSRIF). Established in 2009, the mission of USRF is to support the long-term economic development of Russia's market economy, working in close partnership with the Russian government and leading Russian institutions. In this way, USRF seeks to build strong ties between the United States and Russia.

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Angie Mareino
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