BIO International Startup Stadium is being held virtually this week, but that did not prevent three Phoenix bioscience startups from strutting their stuff at the “Shark Tank”-like competition.
The three local companies are among 30 selected from all over the world to participate in the final competition, the City of Phoenix said.
BioMedical Sustainable Elastic Electronic Devices looks to make an implant that the human body won't reject, which will help repair and reverse traumatic brain injuries and other brain disease by sending electronic impulses to the brain, the City of Phoenix reported on its website.
The startup i-calQ wants to create an app for a smartphone that enables a person to perform basic medical tests at home and send the results to a medical professional through the phone.
The third firm, Equus Innovations, created an allograft – tissue transplant – for horses that veterinarians prefer over other clinical solutions, with 2,000 horses already treated with the product.
Startup Stadium is meant to help emerging companies improve their visibility, BIO International’s website says. Over three days, 30 startup companies—divided into six sessions of five companies each—share their technologies and business plans in a pitch for support from analysts and potential investors.
“Think about the thousands and thousands of bioscience startups around the world. Then out of all those companies located in hundreds of different global cities, only 30 have been selected as the best to compete in the Startup Stadium,” Christine Mackay, director of community and cconomic development for the City of Phoenix said on the city's website. “Of those 30 companies, three are from the city of Phoenix. That is an incredible accomplishment for the three companies and the Phoenix bioscience ecosystem.”