Global Innovation Meets Local Ecosystem: PHL MedTech and Life Sciences Showcase
For Immediate Release: October 28, 2024, Philadelphia, PA – Philadelphia is emerging as a top destination for international startups entering the U.S. healthcare market, thanks to the success of WorldUpstart’s U.S. Market Gateway Accelerator. The program has supported 74 companies from 18 countries, connecting them with the region’s vibrant Life Sciences and MedTech ecosystem.
Startups from countries such as France, Italy, Poland, Switzerland, Israel, and South Korea are drawn to Philadelphia for its combination of world-class research institutions, healthcare networks, and entrepreneurial community. The city’s unique position as a hub for medical and technological innovation makes it an ideal launchpad for global companies looking to expand into the U.S.
WorldUpstart’s U.S. Market Gateway Accelerator offers an 8-week hybrid program, providing international companies with strategic guidance, mentorship, and key connections to break into the U.S. market. The program culminates in a networking event in Philadelphia, fostering collaboration between startups, industry leaders, and investors.
“Our mission is to empower companies that have already demonstrated success in their home markets by providing them with the tools, strategies, and connections they need to thrive in the U.S. market,” said Karina Sotnik, CEO and Founder of WorldUpstart. “Many of these startups come to Philadelphia through our program and quickly discover that the city is not just a gateway to the U.S., but also an ideal market for their growth, with its dynamic healthcare ecosystem and wealth of resources. It’s incredibly rewarding to help them make that connection and position themselves for global impact.”
This year’s cohort includes MedLea, MAG4Health, and Wide Therapy, all of whom were selected to pitch at the upcoming Mid-Atlantic PACT Investor Conference. Rinat Hitelman, co-founder of Wide Therapy, said, “WorldUpstart has been pivotal in helping us navigate the complexities of entering the U.S. market and establishing key connections in the healthcare space.”
The PHL MedTech and Life Sciences Showcase, running from October 28-30, 2024, will highlight these promising startups and their innovations. Sponsored by DLA Piper and Founder Institute, the event will bring together global entrepreneurs and U.S. industry leaders to explore new opportunities in MedTech and Life Sciences.
About WorldUpstart
WorldUpstart is committed to supporting international companies in Life Sciences, MedTech, and Digital Health sectors as they prepare to enter the U.S. market. The U.S. Market Gateway Accelerator is designed to help companies overcome market entry challenges, develop strategic expansion roadmaps, and connect with key players, partners, and investors. With only 20% of international companies typically succeeding in their initial entry into the U.S. market, WorldUpstart's accelerator program more than doubles that success rate to 40%, creating a paradigm shift in how these companies approach U.S. market entry.
