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Biotech Firm Wins Pitch Contest

MyOroface, a biotech Umeå and Uminova Innovation supported company, won 100,000 SEK at the ALMI Invests pitch competition. Twenty business ideas were selected to give their company pitch in front of an experienced investors’ panel, which included representatives from SEB Venture Capital, Dohi and ALMI invest, according to Biotech Umeå.

The competition was part of Åre Kapitalmarknadsdagar, which was held for the sixth consecutive year. This is an event where several of Sweden’s most prominent entrepreneurs, hottest companies, investors and politicians meet. Four of the companies that made it to semifinals are supported by Uminova Innovation, and two of these– MYOroface and MD Biomedical –are Biotech Umeå companies.

MYOroface has developed IQoro, a medical self-training device, with an accompanying training method that can help both children and adults improve, or regain, the ability to eat and swallow. The development of the product is based on more than 20 years of research by doctor and orofacial specialist Mary Hägg, notes Biotech Umeå.

MYOroface has received support from Biotech Umeå and Uminova Innovation in refining and developing its business idea, pitch training and many other aspects important for a startup. MYOroface was one of the participating companies at Biotech Umeå Investment Day 2015.

 Source: Biotech Umeå

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