Align Technology Announces Partnership With MedTech Innovator Asia Pacific, Industry’s Leading Nonprofit Startup Accelerator

Rhea-AI Summary

Align Technology has partnered with MedTech Innovator to support innovative medtech startups in the Asia Pacific region. The collaboration aims to mentor early to mid-stage companies selected for the 2020 Asia Pacific Showcase program. This initiative will award over $300,000 in prizes and support to promote advancements in patient care. Align’s commitment reflects its ongoing dedication to transforming orthodontic and restorative treatments through innovation.

Positive

• Partnership with MedTech Innovator to support promising startups.
• Commitment to mentorship and financial support for innovative medical technologies.
• Participation in the Asia Pacific Showcase program, enhancing brand visibility.

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• None.

SAN JOSE, Calif., LOS ANGELES, and SINGAPORE, June 18, 2020 (GLOBE NEWSWIRE) -- Align Technology, Inc. (NASDAQ: ALGN) today announced its partnership with MedTech Innovator, the premier nonprofit startup accelerator in the medical technology industry. MedTech Innovator matches healthcare industry leaders with innovative medtech startups for mentorship and support. In 2020, MedTech Innovator will select 20 startups to participate in its Asia Pacific Showcase program and will award more than $300,000 in cash prizes, scholarships, and in-kind services to its participants.

Align Technology will work with MedTech Innovator Asia Pacific to mentor and foster the growth of promising early to mid-stage companies selected for the 2020 Showcase program and provide financial support to MedTech Innovator.

“We are proud to support MedTech Innovator’s program and this year’s promising group of companies that aim to transform the lives of patients in the Asia Pacific region,” said Julie Tay, Align Technology senior vice president and managing director, Asia Pacific. “Align reimagined and reinvented orthodontic and restorative treatments, and as we continue to innovate in our industry, we appreciate the work that medtech startups are doing to advance innovation within the medical industry.” 

“MedTech Innovator is committed to seeking out the industry’s most promising medical technologies and digital health companies. Our partners and sponsors play a key role in advancing innovation by imparting valuable insights, industry knowledge and individualized mentorship to the entrepreneurs in our program,” said Paul Grand, CEO of MedTech Innovator. “We are excited to welcome Align Technology as our newest partner and look forward to working together to help emerging companies achieve their goals in bettering patient outcomes and providing value to the Asia Pacific health care system.”

The MedTech Innovator Asia Pacific Program is held in partnership with the Asia Pacific Medical Technology Association (APACMed).

About MedTech Innovator: 
Based in Los Angeles, Calif., MedTech Innovator is the premier nonprofit startup accelerator in the medical technology industry. Our mission is to improve the lives of patients by matching healthcare industry leaders with innovative early-stage medtech companies for mentorship and support. For more information about MedTech Innovator, visit https://medtechinnovator.org/ and follow @MedTechAwards on Twitter. To receive industry insights and highlights about MedTech Innovator’s current and alumni participant companies, subscribe to its monthly newsletter.

About Align Technology, Inc.: 
Align Technology designs and manufactures the Invisalign^® system, the most advanced clear aligner system in the world, iTero^® intraoral scanners and services, and CAD/CAM software. Align has helped treat over 8 million patients with the Invisalign system and is driving the evolution in digital dentistry with the iTero intraoral scanner and exocad CAD/CAM software − modernizing today’s practices by enabling enhanced digital orthodontic and restorative workflows to improve patient outcomes and practice efficiencies. Visit www.aligntech.com for more information.

For additional information about the Invisalign system or to find an Invisalign doctor in your area, please visit www.invisalign.com. For additional information about the iTero digital scanning system, please visit www.itero.com. For additional information about exocad dental CAD/CAM offerings and a list of exocad reseller partners, please visit www.exocad.com.

Align Technology
Media Contact:
Jasmine Chng
+65 6690 3957
jchng@aligntech.com

MedTech Innovator 
Media Contact:
Lara Lingenbrink
Health+Commerce
858.525.1414
lara@healthandcommerce.com

FAQ

What is Align Technology's recent partnership about?

Align Technology partnered with MedTech Innovator to support and mentor innovative medtech startups in Asia Pacific.

How much financial support will be awarded in the MedTech Innovator program?

Over $300,000 will be awarded in cash prizes and in-kind services to participants of the MedTech Innovator program.

What is the focus of the Asia Pacific Showcase program?

The Asia Pacific Showcase program focuses on mentoring early to mid-stage medical technology companies to improve patient care.

What is Align Technology's role in the MedTech Innovator program?

Align Technology will provide mentorship and financial support to the selected startups in the 2020 program.

When was the partnership between Align Technology and MedTech Innovator announced?

The partnership was announced on June 18, 2020.