The University City Science Center selected 10 healthcare technology startups from across the country for its Capital Readiness program, which offers tips in capital raising for medtech companies trying to raise their first institutional round of financing, according to a June 14 report from Technical.ly.
Out of 46 companies across three countries that applied for the program, Philadelphia-based Trace Orthopedics was among those chosen. Trace is focused on improving methods for tendon repair.
Trace Orthopedics founders will spend a week hearing insights from due diligence partners, getting investor feedback and participating in mock board meetings to prepare to raise their first institutional round of financing.
The goal for the medtech startups is to raise $1 million to $5 million in six to 12 months.