Health Innovation Hub Ireland announces 11 winning FemTech companies and products to watch for 2024
HIHI is delighted to announce the winners of its first ever Irish FemTech call to industry. This is set to be a trailblazer for Femtech industries in Ireland as it’s the first time that there has been a focus on innovations that address women’s health. In total there were 37 applications, 11 were selected as winners and will receive further product development support from HIHI.
Applicants were selected based on novelty, the significance of the problem addressed, market and potential for future investment. What’s interesting is that five of the eleven winners had products that are considered ‘deep tech’ and 27 of the 37 companies had a female founders (73%).
Deep tech startups are those whose technology is based on tangible engineering innovation or scientific advances and discoveries applied for the first time as a product, often aiming to solve society’s biggest issues. (Deep Tech: Europe | Dealroom.co)
The winning FemTech products include innovations in the area of fertility, menopause, contraception, postpartum health, fitness, bladder health and Parkinson’s in women. Read about the full range of winning, products, founders and companies here. https://hih.ie/engage/femtech/hihi-femtech-call-winners-2023/
Speaking on the announcement of the winners, Dr Tanya Mulcahy, Director of Health Innovation Hub Ireland said: “I would like to congratulate the 11 companies and founders on becoming the first winning companies of the inaugural Femtech Innovation competition in Ireland. We have a massive opportunity to encourage, support and enable development of new innovations in FemTech and ensure that Ireland is firmly placed on the global FemTech map. These companies will go a long way in achieving that objective”.
Dr Mulcahy explained that there is huge opportunity to pool women’s health ideas and develop them. “While, this competition was specifically for products at prototype or market ready stage, I have no doubt that there are many more ‘ideas’ out there also and we intend to support this very early stage of FemTech innovations through a future programme.”
And the winners are
My Moves Matter
The Menopause Hub