PrecorDx Wins the Venture Challenge Fall 2022!

The winner of the Venture Challenge was announced today at the Dutch Life Sciences Conference. The proud winner of the 2022 spring edition is PrecorDx! The innovative startup PrecorDx has developed a non-invasive diagnostic platform aimed at reducing hospitalization & slowing disease progression in heart failure.

According to the jury, composed of Carine van den Brink, Rob de Ree, Brigitte Drees, Ivan Burkov and Sterre Witteveen, PrecorDx is addressing a real need as experienced by patients suffering from heart failure. They have a clear value proposition on which they can expand in the future. Several studies show that hospitalization can be significantly reduced  and disease progression slowed in heart failure patients by monitoring disease progression and adapting medication accordingly. This is currently only possible with an invasive device (CardioMems, Abbott). PrecorDx offers a non-invasive solution to monitor heart failure disease progression. This new diagnostic modality is based on the unique, novel Radio-Frequency Sensing (RFS) technology, which was invented in by Bart Steensma and Nico van den Berg, researchers from the computational imaging group at the UMC Utrecht and patented in 2021. Because of the existing clinical evidence, PrecorDx expects an accelerated time to market by comparing the diagnostic value of RFS directly with its invasive competitor. The PrecorDx team currently consists of Bart Steensma, Nico van den Berg and Jaap de Bruin representing a mix of academic/technical expertise and business expertise. The team has built a strong network of clinical advisors which have confirmed the value proposition for heart failure monitoring. Finally, various follow-on applications have been identified, with total market opportunity potential exceeding >€500M.

‘The Venture Challenge was an incredibly effective experience to accelerate & sharpen our business plan. With PrecorDx, we are on a mission to realize a new diagnostic modality in cardiology. We are very excited to set the next steps in the development of the RF Sensing technology!’

- Jaap de Bruin, co-founder of PrecorDx

The Venture Challenge Fall started in September and today at the Dutch Life Sciences Conference 2022 PrecorDx takes home the €25.000 prize money to invest in their growth. The other highly-motivated participating teams were: Beephonix, NatInLab, D4 Diagnostics and Movax. Contact Jaap de Bruin for more information about PrecorDx.

PrecorDx team with cheque
© Nils van Houts Fotografie

Participating in the Venture Challenge leads to a clear venture plan, as well as to investor-ready pitches. The  Venture Challenge  is an instrument of the ministry of Economic Affairs and Climate Policy, powered by  Health~Holland, Top Sector Life Sciences & Health and organized in collaboration with NWO.

Our specialised coaching focuses on developing your initial idea into a solid business during a series of boot camps and 1-on-1 coaching and mentoring sessions.

Startup teams learn to identify key risks, analyse customer value propositions, develop a validation strategy, learn to build a venture plan and, ultimately, get connected to Life Sciences experts, investors and seasoned entrepreneurs. Read moreLifeSciences@Work: The national accelerator for high potential Life Sciences start-up initiatives. We help scientists build their business. We offer activities designed for researchers with entrepreneurial aspirations as well as for life sciences startups. LS@W is powered by Health~Holland | Top Sector Life Sciences & Health. Contact us.

Want to participate in the next venture challenge? Click here for more information.

 

© Nils van Houts Fotografie

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