Adhesys Medical joins 128 startups from around the world for 4-month program in Boston
Houston, 19. May 2016 – Today Adhesys Medical announced it will join MassChallenge Boston, the most startup-friendly accelerator on the planet. One of 128 startups participating, Adhesys Medical will benefit from mentorship, office space, and a vast network of experienced entrepreneurs, corporate partners, and investors. In November, all MassChallenge Boston startups will compete for $1.5M total in cash awards with no equity taken.
“Having been selected as one of the MassChallenge finalists is a great honor for us and we are proud to be part of the class of 2016. This is a great opportunity for us to gain access to a broad network of supporters, partners and investors”, said Alexander Schueller, President of Adhesys Medical Inc. Having expanded to the United States in January 2015, Adhesys Medical, which was founded in Aachen, Germany in 2013 now has an office in Houston, Texas at the doors of the Texas Medical Center, the largest hospital complex in the world. The MassChallenge program will enable the company to expand to Boston, one of the most important life-sciences hubs of the country.
“We received consistent feedback from our judges about the quality of applicants this year, and I’m confident we’ll have an incredibly high-caliber class of entrepreneurs joining us in Boston,” said MassChallenge Boston Managing Director Scott Bailey. “These entrepreneurs will be challenged throughout the program to impact communities and provide disruptive solutions across a wide range of industries. Be on the lookout for them this summer!”
This year’s MassChallenge Boston class was selected from more than 1,700 applicants across a diverse range of industries and geographies, including 65 countries and 37 states. The accelerator program will culminate on November 2, 2016, at the MassChallenge Boston Awards Ceremony, where entrepreneurs will pitch their startups with the chance to win a share of $1.5 million in zero-equity awards.
About Adhesys Medical
Adhesys Medical, formerly Medical Adhesive Revolution, is a medical device company based in Germany and the United States and is dedicated to developing one-of-a-kind, polyurethane-based surgical sealants. Based on a technology that has been developed since 2007, the company was founded in 2013 in Aachen, Germany to bring the sealants to market. The company owns all patents regarding the technology and has completed the development of two product lines: one for topical use to close wounds of the skin, such as surgical incisions and laparoscopic incisions that have easily approximated skin edges, and one for internal use to seal areas of leakage, reinforce suture lines, and stop bleeding.
In early 2017, Adhesys Medical was acquired by the Aachen-based pharmaceutical company Grünenthal GmbH and continues to operate as a wholly-owned subsidiary of the Grünenthal Group.
More information: www.adhesys-medical.com
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Adhesys Medical GmbH
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