Fogarty Institute of Innovation

What Fogarty Institute of Innovation does

Fogarty Innovation is a 501(c)(3) educational nonprofit, founded by Dr. Thomas J. Fogarty approximately 18 years ago and headquartered at the Sobrato Pavilion on the El Camino Health campus in Mountain View, California (2495 Hospital Drive, Suite 300). The organization advances human health by accelerating medtech innovation through three integrated capabilities: incubation, education, and alliances. It is not a product company in the traditional sense — Fogarty Innovation does not develop proprietary technology itself but rather operates as an incubator and accelerator that supports a portfolio of early-stage medical technology ventures addressing conditions such as short bowel syndrome, sleep apnea, COPD, heart failure, kidney stones, pelvic floor disorders, autoimmune disease, and hearing loss.

The active and alumni portfolio spans more than 20 companies across diverse medtech domains, including a compact MRI system (Adialante), cochlear neurostimulation (Auricle), autologous valve reconstruction (AVaTar), a robotic transperineal prostate biopsy and ablation platform (Biobot Surgical Mona Lisa), bioelectronic medicine (Boomerang Medical), a restorative short bowel therapy (Eclipse Regenesis), digital pathology imaging (Enspectra), wearable GI monitoring (G-Tech Medical), 3D dental implants (iDentical), AI-powered clinical trial management (LearUp), VR physical therapy with AI documentation (Immergo), and magnetic kidney stone clearance (Maguro Surgical), among others. Notable alumni include HeartFlow, Alydia Health, UltraSight, and Flosonics FloPatch.

Fogarty Innovation's business model is a hybrid of three revenue streams: tailored incubation and acceleration services delivered to early-stage medtech companies, practical educational programming (courses, workshops, seminars, the Ferolyn Fellowship, Lefteroff Internship, DxD workshops) for students, resident companies, professional societies, and government agencies, and donations and philanthropic support consistent with its 501(c)(3) status. Go-to-market is community-led: the organization draws entrepreneurs through its reputational brand, an extensive alliance network (El Camino Health, Stanford Mussallem Center for Biodesign, Singapore Biodesign/A*STAR, UCSF, American Heart Association, Cardiovascular Research Foundation), and direct relationships with healthcare VCs (Longitude Capital, Arboretum Ventures). Pricing is not publicly disclosed; program terms appear to be negotiated individually with portfolio companies, partner institutions, and donors.

Name

Fogarty Institute of Innovation

Legal name

Fogarty Innovation

Website

https://fogartyinstitute.org

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

Fogarty Innovation is a nonprofit medtech incubator and accelerator founded by Thomas J. Fogarty, MD, on El Camino Health's Mountain View campus. It supports early-stage medical device companies through tailored incubation, practical education, and alliance programs across diverse therapeutic areas.

Ownership category

akta.pro rank

Product category

Medtech Incubator and Accelerator Services

NAICS

Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology) (541715), Professional and Management Development Training (611430)

SIC

Services-Management Consulting Services (8742), Services-Educational Services (8200)

akta.pro primary industry

Accelerators & Incubators (Investor-Operated) (FSANAAAM)

akta.pro secondary industry

Youth Business Incubators & Accelerators (EDAMAHAC)

Keywords

• Medtech incubation services
• Medical device acceleration
• Healthcare innovation education
• Medtech startup support
• Nonprofit accelerator programs

Headquarters

HQ city

Mountain View

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Educational Programs and Services: Fogarty Innovation generates revenue through educational programming including courses, workshops, and seminars taught by real-world experts. Many programs are open to the public while others are developed for specific audiences including students, resident companies, professional societies, and government agencies.
2. Incubation and Acceleration Services: The organization provides tailored incubation and acceleration programs to early-stage medtech companies, helping them hone strategies, build teams, and navigate the path to commercialization. This is a core revenue-generating activity for the nonprofit.
3. Donations and Philanthropic Support: As a 501(c)(3) educational nonprofit organization, Fogarty Innovation receives donations and philanthropic contributions to support its mission of advancing human health through medtech innovation.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Fogarty Innovation is a nonprofit medtech incubator and accelerator that advances human health by supporting the development of early-stage medical technology companies. It delivers three integrated capabilities: Incubation (immersive accelerator programs helping companies hone strategy, build teams, and navigate commercialization), Education (practical courses, workshops, fellowships, and seminars such as DxD HealthTech, Ferolyn Fellowship, and Lefteroff Internship), and Alliances (partnerships linking innovators, industry, and government to strengthen the medtech startup ecosystem).

Product overview

Fogarty Innovation is a nonprofit medtech incubator and accelerator that advances human health by supporting the development of medical technology companies. The organization provides three integrated capabilities: Incubation (accelerator programs for early-stage companies), Education (practical educational programming), and Alliances (partnerships with public and private entities). Fogarty Innovation has helped launch and incubated numerous medtech companies including Adialante (compact MRI systems), Biobot Surgical (Mona Lisa robotic prostate biopsy system), LearUp (AI-powered clinical trial management), Immergo (VR platform for physical therapy), and 17+ other medical technology companies addressing conditions ranging from short bowel syndrome, sleep apnea, COPD, kidney stones, heart failure, pelvic floor disorders, and various other medical conditions.

Differentiator

Problem solved

Functional benefit

Brands

• Diversity by Doing HealthTech (DxD): An action-oriented program dedicated to expanding opportunities in the medtech innovation ecosystem, created in partnership with Stanford Mussallem Center for Biodesign in 2019.
• The Fogarty Prize

Products and services

• Incubation and Acceleration Programs

Quantifiable outcome

• Helped launch notable companies including HeartFlow, Alydia Health, UltraSight, and Flosonics FloPatch
• +2 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core and flagship.

• Diversity by Doing HealthTech (DxD)coreStrategic or Co-development Partner · 1 January 2019In 2019, Fogarty Innovation teamed up with Stanford Mussallem Center for Biodesign and industry leaders to create Diversity by Doing HealthTech (DxD), an action-oriented program dedicated to expanding opportunities in the medtech innovation ecosystem to drive better health outcomes for all. DxD empowers change agents from high school through company leadership by providing education, expert voices, experiential programs and practical resources.
• El Camino HealthcoreStrategic or Co-development PartnerFogarty Innovation was founded on the El Camino Health campus 18 years ago. This is an enduring partnership with a shared commitment to improving human health. The organization has integrated 'at El Camino Health' into its logo as a visible reminder of this partnership.
• Stanford Biodesign / Mussallem Center for BiodesignflagshipStrategic or Co-development PartnerFogarty Innovation partners with Stanford Mussallem Center for Biodesign on the Diversity by Doing HealthTech program. Stanford Biodesign is a leading academic program in medical technology innovation, and this partnership brings together two major forces in the medtech ecosystem.
• Singapore Biodesign / A*STARcoreStrategic or Co-development PartnerPartnership with Singapore's Agency for Science, Technology and Research (A*STAR) through their Singapore Biodesign program, expanding Fogarty Innovation's global reach and connecting to international medtech innovation ecosystems.
• UCSF-StanfordcoreStrategic or Co-development PartnerCollaboration between UCSF and Stanford institutions, bringing together academic medical research and innovation expertise in the Bay Area.
• American Heart AssociationcoreStrategic or Co-development PartnerPartnership with the American Heart Association, a major nonprofit organization dedicated to heart health research and advocacy, to advance cardiovascular medical technology innovation.
• Cardiovascular Research Federation (CRF)coreStrategic or Co-development PartnerPartnership with CRF to advance cardiovascular research and innovation in medical technology, connecting Fogarty Innovation to a network of cardiovascular professionals and researchers.
• Government AgenciescoreStrategic or Co-development PartnerFogarty Innovation's alliances program leverages their unique nonprofit status to bring together public entities including government agencies, fostering cooperation and influencing policy decisions that strengthen the early-stage medtech ecosystem.
• Medtech Advocacy GroupscoreStrategic or Co-development PartnerPartnership with medtech advocacy organizations to strengthen the early-stage medtech ecosystem through increased understanding and cooperation among innovators, industry, and government.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Stanford Biodesign (Mussallem Center for Biodesign): Stanford's premier medtech innovation program that trains fellows, supports startups, and develops medical devices through needs-driven innovation. Fogarty Innovation lists this as a flagship partner, and the two organizations share mission alignment, the Bay Area ecosystem, and overlapping faculty/mentor networks.
• UCSF Rosenman Institute: UCSF-affiliated health technology startup accelerator and community that supports founders building products to improve healthcare. Operates a similar mission-based accelerator model in the Bay Area with hospital-anchored programs and clinical connections comparable to Fogarty's El Camino Health partnership.
• MedTech Innovator: The largest medical device accelerator in the world, running a cohort-based program that supports best-in-class medtech startups. Competes directly with Fogarty for high-quality medtech founders and offers similar mentorship, industry connections, and visibility to portfolio companies.
• Cedars-Sinai Accelerator: Cedars-Sinai Medical Center's accelerator program that supports early-stage healthcare startups with clinical validation, mentorship, and hospital system access. Comparable to Fogarty Innovation's hospital-anchored model with El Camino Health.
• Cleveland Clinic Innovations: Cleveland Clinic's commercialization arm that spins out and licenses medical innovations originating from clinicians and researchers. Operates a similar hospital-anchored model of translating clinical innovation into commercialized medical technology.
• Texas Medical Center Innovation (TMC Innovation): Major medical center-based innovation hub in Houston that runs TMCx, a digital health and medtech accelerator. Comparable in mission to translate healthcare innovation into companies, with similar focus on hospital-anchored programs and accelerator cohorts.
• Mass General Brigham Innovation: Innovation and commercialization arm of Mass General Brigham that supports healthcare startups and internal innovations. Operates a similar hospital-anchored model of medtech startup support and clinical translation within the Boston ecosystem.

Broad incumbents

• JLABS (Johnson & Johnson Innovation): Johnson & Johnson's global network of life science and medtech incubators providing entrepreneurs with lab space, funding, and corporate resources. A larger, well-capitalized incumbent operating broadly across medtech and biotech with the ability to provide direct commercial pathways through J&J's commercial infrastructure.

Regional players

• INSIGHT Health (formerly MedTech Innovator Asia Pacific): Health-focused accelerator programs and ecosystem partnerships in the Asia Pacific region. Provides a comparable accelerator model for medtech startups but operates primarily outside the U.S. market, complementing Fogarty's Singapore A*STAR expansion efforts.

Emerging players

• Rock Health: Venture fund and advisory firm supporting early-stage digital health companies. Adjacent to Fogarty's mission in supporting health innovation, though focused more on digital health and software-enabled healthcare rather than traditional medtech devices.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/fogartyinst
• YouTubeyoutube.com/channel/UCDwIkuOksDXkmnbUufRcZHw
• Facebookfacebook.com/fogartyinstitute
• LinkedInlinkedin.com/company/fogarty-institute-for-innovation

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fogarty Institute of Innovation