Global Innovation Meets Local Ecosystem: PHL MedTech and Life Sciences Showcase
For Immediate Release: Philadelphia, PA [April 8th, 2024]: Philadelphia emerges as a favored destination for international startups looking to establish a foothold in the U.S. market. This growth has been amplified by WorldUpstart’s U.S. Market Gateway Accelerator, which has supported 64 graduates from 17 different countries.
The city's appeal to global healthcare startups, originating from countries as varied as the UK, France, Israel, Japan, Poland, and Canada, can be attributed to its vibrant LifeScience and MedTech entrepreneurial ecosystem. This environment has become a magnet for international talent and innovation, positioning greater Philadelphia as a hub for medical and technological advancement.
Central to this influx is the WorldUpstart U.S. Market Gateway Accelerator. The accelerator's comprehensive hybrid 8-week program offers unparalleled support, including guidance, mentorship, and strategic planning for U.S. market penetration. A key highlight of the program is the concluding networking event held in Philadelphia, bringing together startups, industry leaders, and investors for an intensive period of connection and collaboration.
Reflecting on the accelerator's impact, WorldUpstart’s CEO/Founder Karina Sotnik noted, "Working with companies who have demonstrated traction in their own countries and providing them with a checklist and roadmap for becoming market-ready in the U.S. so they can make a global impact is incredibly rewarding."
“WorldUpstart catalyzed significant momentum for us,” shared QiiQ Healthcare’s CEO/Co-Founder Dave Brown, adding that “The program delivered more than we could’ve hoped for.”
The Winter 2024 cohort, with promising companies from Europe and Canada, is poised to continue this trend. On April 8th and 9th in Philadelphia, these companies will showcase their innovations in an industry event sponsored by Formcraft, DLA Piper, and Founder Institute highlighting the significant presence of global innovation in MedTech and LifeSciences. This industry showcase will bring face-to-face global change leaders with U.S. industry experts.
