On 23rd January 2020, Hunniwell Lake Venture’s Managing Partner Daniel Teo was a keynote speaker on “Value Creation in Medical Device Innovations” at the Silicon Valley Entrepreneurs & Startups Demo Night held at the beautiful Draper University in San Mateo, California. Daniel Teo gave remarkable insights about the I 3 approach (Identify-Invent-Implement) and its benefits.

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The event was co-hosted by F50, TiE and Draper University. The fun evening also included a panel discussion that Daniel shared with Uli K. Chettipally, MD., MPH. (InnovatorMD), Tatyana K. (Open Health) and Kamal Anand (Asparia), and moderated by John Racioppi (F50). A major milestone for the ten companies showcased.

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The Panel addressed key questions in HealthTech space such as:
1. With life expectancy increasing and the population aging, what developments in medical technology hold the most potential to drive down health care costs?
2. What areas of medical devices or technology do you think will attract the most investment over the next 5 years?
3. Have advances in medicine and technology simply allowed us to live longer or are we also living “better” (longer period of quality of life)
4. How were so many “smart” investors duped by Theranos? Do you think this will give investors any ongoing anxiety when evaluating breakthrough technologies?

Congratulation to Payssurance and Nanospun for winning the pitch competition with their plan for customized cell-based engineered products.