By the numbers | October 2021

Appears in the October 2021 issue.


The initial cash investment available to medical device start-ups through local innovation center mHUB. Its Accelerated Incubation program provides a six-month boost for selected teams, with an emphasis on product development and commercialization. Financing support includes startup capital and follow-on investments by industry partners, such as Baxter and Edward-Elmhurst Health Venture Capital. 


The number of applicants in the 2021 Health Tech Venture Challenge, a global competition hosted by Advocate Aurora Health and Matter, a Chicago-based health care startup. The winner, San Francisco-based Health Note, automates clinic workflows by predocumenting medical notes with symptoms, medications, and prior patient visits. The company won $10,000 in July to pilot its solution with Advocate Aurora Health.

Illustration by Kevin Sterjo