BML Health in collaboration with our co-hosts Health Technology Catalyst | CTS and Startup in Residence was excited to welcome Rami Alhamad on July 16th, 2024 at the Hotel Nelligan in Old Montreal, as part of our Montreal Medtech 5 a 7 Series for MedTech and Digital Health Startups to share his amazing experience from founding PUSH to being acquired by wearables giant Whoop in September 2021.
The discussion centered on the story of PUSH, the Canadian Sport Science Company founded by Rami that was purchased by Whoop in 2021. Rami Alhamad, Founder, Startup Advisor and Entrepreneur in Residence at Menlo Ventures, shared his story and went deep into the bumps and bruises required to run a successful startup and provided useful advice on founding, financing, managing, pivoting, decision making, growing and exiting a Canadian health and fitness wearables startup. The discussion was moderated by our own Founder and Managing Director, Marc Saab.
We have been talking about the challenges faced by Canadian startups in medtech and hardtech in our Medtech 5 à 7 Series. On this occasion we are happy to bring to light a major success story, one that was built without shortcuts, only with dedication, hard work, strategy and a little luck.
View the full event video below:
Cocktail and Presentations:
WHEN: Tuesday, July 16, 2024 at 5 to 7 PM
WHERE: Hotel Nelligan Rooftop in Old Montreal, 106 Saint-Paul St West, Montreal, Quebec H2Y 1Z3
Find out more.
By invitation Only
The event was exclusive to BML Health, SeR and CTS guests that include startup founders, investors, accelerators, university research groups, Montreal life sciences community stakeholders, and the Quebec and Canadian governments.
Rami had useful and actionable insights for the entrepreneurs in the room, some highlights include:
🎯 Know your value and stay true to it – as a company and as an individual.
🎯 Solve a real problem, and build a meaningful mission that is easy to describe and will get people excited.
🎯 It is almost never only about the tech – it is about content and an application that lead to adoption.
🎯 Bring people on board – investors, partners, advisors, staff – who share the vision and passion and will grind through the tough moments with you.
🎯 Finding a great mentor is part of the secret sauce. Not easy but worth it.
🎯 Be ruthless with focus and narrowing it, not expanding it. Beware of shiny objects.
🎯 Seek to create competitive auction dynamics when fundraising and moving the business forward.
🎯 Be attentive to corporate development discussions that may distract from your true objective.
🎯 Discussions with strategic technical executives at complementary firms, savvy business development and marketplace traction are the types of real world activities that can lead to successful exits.
🎯 And so much more.
We look forward to seeing you at the next one!
Check out videos from some of our recent Medtech 5 à 7 events:
- How can Canada better support its own MedTech Startups – Ela Borenstein
- US Fundraising Strategies for Canadian Digital Health Startups – Dr. Amy Kruse, PhD.
- US Market Entry for Canadian Health Startup – DHIT Global, Bluedoor Group
About Desjardins Startup en Residence
The Desjardins Accelerator Startup in Residence Program invests in and provides support for startups that have a positive socio-economic impact within Canada. Startup in Residence is designed to guide early-stage, growth-driven companies to market success.
startup-residence.ca/en/
About CTS Santé
The growth accelerator for healthcare technology. Specialized in innovative healthcare technology and digital health solutions, CTS is an à la carte growth accelerator who responds to the particular challenges and needs of each startup. With CTS behind you, you’ll get strategic coaching to secure financing, effective commercialization tools that will help you succeed across Canada and internationally, and an introduction to their dynamic ecosystem of key medical and business players.
ctssante.com/en/
View our comprehensive list of Montreal based digital health and medical technology angels, incubators, accelerators, venture capital investors and other financing resources for digital health startups.
About BML Health
BML Health understands emerging medTech and digital health. At the intersection of medical technology, clinical research and patient-centric healthcare BML drives the mainstream adoption of digital technology in healthcare. Offering a full range of services to the digital health ecosystem BML manages the complex stakeholder interactions necessary to get digital health solutions to market and gain adoption.
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