QMENTA wins SME Instrument pitching contest at MEDICA 2017

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SME Instrument is back from two full days of networking in MEDICA, the world's largest medical industry trade fair. 57 companies funded by the SME Instrument attended the event under the programme's newly launched Business Acceleration Services. The companies had exclusive opportunities for and networking matchmaking in addition to chance to pitch at the eHealth Venture Summit, where brain imaging company Qmenta from Barcelona took the gold! 

QMENTA is an advanced medical image storage, processing and visualization company focused on brain data analysis, specifically using MRI and related clinical data. They provide state-of-the-art medical image processing algorithms in a seamless way in order to accelerate the development of new therapies for neurological diseases via scalable and collaborative cloud platform.

Qmenta got an SME Instrument Phase 1 grant in May 2017 to create a new gold standard for collaborative research on neuroscience by providing an environment for secure data sharing in the cloud as well advanced data management, analytics and visualization tools.


The eHealth Venture Summit at MEDICA brought together key firms and investors from the pharmaceutical, communication, insurance, med tech and hospital industry to meet SME Instrument companies. Eight SME Instrument companies pitched their ideas to the jury: QMENTA, Carmel DiagnosticsHoloxica Ltd, Flowsion, InsulClockProtein Alternatives, Quibim, Wireless Sensor Networks.

 "Pitching at the eHealth Venture Summit at Medica 2017 was a great opportunity to meet and greet other SME Instrument projects working in the field of healthcare." Said Dr Javid Khan, Managing Director at Holoxica Ltd.  

"Only 8 projects were selected from 140 submissions and the pitches were excellent. It was an opportunity to address venture capitalists who specialise in med tech to get their feedback and insights. At least we are on the radar now and I hope this will lead to some investment deals!"

Holoxica is a high-tech company specialised in holographic 3D visualisation. In May 2016, Holoxica revealed a breakthrough for neuroscience - a full 3D image of human brain fiber pathways. Only couple of months later the company introduced the first ever holographic 3D digital Human Anatomy Atlas prototype.

Lori Chmura from Dune Medical said "One of the highlights of the event was the pitching session where companies got the opportunity to showcase their company while answering insightful questions from experts across the spectrum of healthcare, venture capital and academia. We hope to have the opportunity to pitch our company next year. Thanks for making Medica a very productive and engaging meeting!"

Dune Medical is an Israeli company that solves clinical problems in oncology by identifying microscopic residual cancer. Dune got an SME Instrument Phase 2 grant in January 2017. The company is working on a ground-breaking smart biopsy tool for real-time cancerous cell characterization at the tip of the needle. Now it focusses on breast cancer but will look at expanding its solution to other cancers in the future.

"As a young company focused upon expanding our footprint into the European market, the support of the SME Instrument was incredible. From networking to interactions with other aspiring entrepreneurs, the team from SME was behind the scenes encouraging and supporting us."

The SME Instrument also organised a networking event and a brokerage event with Corporates, Investors and other Industry leaders attending Medica. The exclusive brokerage event was organised in cooperation with Enterprise Europe Network. Participants were offered pre-arranged bilateral meetings for discussion of collaborations and business opportunities.

Check out the list of the 57 SME Instrument companies who came to MEDICA with us.

Are you interested in participating in future trade fairs or other networking and investor events with us? Our business acceleration services are open to all SME Instrument grantees. Check out our events calendar for more information.

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