MedTech Foundation

Name

MedTech Foundation

Legal name

MedTech Foundation

Website

https://medtechfoundation.org

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Healthcare Innovation Education

NAICS

Voluntary Health Organizations (813212), Grantmaking and Giving Services (81321)

SIC

Services-Health Services (8000)

akta.pro primary industry

Health Science & Medical STEM Programs (Pre-Med, Public Health) (EDAMABAJ)

akta.pro secondary industries

Research & Science Grantmaking Foundations (BPAGAKAI), Workforce Development & Training Grants (Public Health) (HLAJALAM)

Keywords

• Healthcare innovation programmes
• Medical technology education
• Student innovation community
• Interdisciplinary hackathons
• Medtech internship programmes

Headquarters

HQ city

Leeds

HQ country

United Kingdom

HQ region

Europe

Offices9 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Event Registration Fees: Small ticket fees for hackathons and conferences (£4-£7 per person) to cover event costs. This is nominal and not a significant revenue stream.
2. Grant Funding and Institutional Support: Primary funding from institutional supporters including NIHR Surgical MIC, university partnerships, and organizational sponsors. No commercial revenue model.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

MedTech Foundation is a UK national engagement initiative that runs educational programmes, hackathons, TED-inspired talks (MEDx), internships, and conferences to connect university students and early career professionals across medical, engineering, science, product design and business disciplines for healthcare technology innovation. Core offerings include the Innovation Programme, national Hackathons (HACK24), MEDx events, internships, and the annual MTF Conference, all designed to develop interdisciplinary medtech innovation skills and create pathways from university to industry.

Product overview

The MedTech Foundation is a national engagement initiative for university students and early career professionals that supports healthcare technology innovation. The organization's offerings include the Innovation Programme (an accelerator-type program for developing medtech business ideas), Hackathons (national events like HACK24 for solving healthcare unmet needs), MEDx (TED-inspired educational events), Internships (interdisciplinary opportunities including medical electives and micro-internships), and the annual MTF Conference. These programs work together to connect medical, engineering, business, and design professionals to foster interdisciplinary collaboration in healthcare innovation.

Differentiator

Problem solved

Functional benefit

Products and services

• Innovation Programme A guided accelerator-style programme that educates university student participants about starting and developing a medical technology business or research project as they work to develop solutions for real unmet clinical needs. Intended for students from medicine, engineering, science, product design, and business backgrounds.
• Hackathons (HACK24) National hackathon events (including HACK24) bringing together students, professionals and academics from medicine, STEM, business, and design to collectively solve unmet needs within healthcare through interdisciplinary collaboration.
• MEDx Independently organised TED-inspired events featuring talks by clinicians, academics, and entrepreneurs to inspire and educate attendees on advancements in MedTech.
• Internships Interdisciplinary internship opportunities in academic, industry, and international settings for MTF members to gain real-world experience in research or industry, typically during summer university breaks. Includes placements with partners such as Olympus Medical, Xiros Medical, NIHR Surgical MIC, University of Leeds, Baylor College of Medicine, and University of Twente.
• MTF Conference 2024 First in-person national conference focused on AI in healthcare, featuring workshops, speakers, and networking opportunities for professionals, researchers and enthusiasts in the field. Early bird tickets priced at £4.
• Bionabu MedTech Micro-Internships Paid, project-based micro-internship opportunities for medical and STEM students and recent graduates, typically ranging from 10 to 40 hours of work, delivered in partnership with Bionabu.

Quantifiable outcome

• 123 participants from diverse backgrounds participated in inaugural virtual hackathon, generating 12 unique solution concepts
• +2 more outcomes

Named customers10 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

14 partnerships are on record, tiered core and secondary.

• NIHR Surgical MICcoreStrategic or Co-development PartnerNational Institute for Health and Care Research Surgical MedTech In vitro Diagnostics Cooperative is a major institutional supporter of MTF. NIHR provides funding and support for internships and programmes, helping MTF deliver real-world innovation experiences.
• BSI (British Standards Institution)coreStrategic or Co-development PartnerUK's national standards body representing UK globally in economic and social interests. BSI supports MTF by sharing knowledge, innovation and best practice, and facilitating university partnerships. MTF participates in BSI conferences and events.
• Health Education England (HEE)coreStrategic or Co-development PartnerGovernment body supporting healthcare education and training. Listed as core activity supporter, providing endorsement and potential pathways for MTF programmes and participants.
• ASiT (Association of Surgeons in Training)coreStrategic or Co-development PartnerUK-based professional body representing surgical trainees and trainers. Promotes excellence in surgical training and provides networking opportunities. MTF co-organises events with ASiT.
• Medical Defence Union (MDU)secondaryGTM or Marketing PartnerLeading organisation providing indemnity cover and medico-legal advice to healthcare professionals. Provides free student membership and supports elective placements. Listed as previous collaborator.
• WesleyansecondaryGTM or Marketing PartnerFinancial services company for doctors. Listed as previous collaborator; provides potential partnership for career-focused content and member benefits.
• BionabucoreStrategic or Co-development PartnerEducation and networking platform for those interested in MedTech. Brings new ideas to fruition, provides mentorship from industry specialists, and makes MedTech more accessible. Bionabu offers micro-internships and works with MTF on hackathon prizes.
• BOTA (British Orthopaedic Trainees Association)secondaryGTM or Marketing PartnerNot-for-profit organisation promoting and improving orthopaedic training standards in UK. MTF presents at BOTA conferences and supports innovation careers for trainees.
• InciSioN UKsecondaryStrategic or Co-development PartnerGlobal surgical innovation network. MTF organised a hackathon with InciSioN UK, providing mentorship and event support.
• Olympus MedicalsecondaryStrategic or Co-development PartnerMedical technology company. Has hosted interdisciplinary internships for MTF members as part of the internship programme.
• Xiros MedicalsecondaryStrategic or Co-development PartnerMedical device company. Has hosted interdisciplinary internships for MTF members.
• Baylor College of MedicinesecondaryStrategic or Co-development PartnerPrestigious medical school in Houston, Texas. Has provided international internship opportunities for MTF members.
• University of TwentesecondaryStrategic or Co-development PartnerUniversity in Netherlands. Has provided international internship opportunities for MTF members.
• University of LeedssecondaryStrategic or Co-development PartnerUK university with Schools of Mechanical Engineering and Medicine. Has provided internship opportunities for MTF members and hosted MTF's first in-person hackathon.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• MedCity: London-focused cluster organisation supporting life sciences and medtech investment, partnering, and ecosystem growth across the UK's 'Golden Triangle'. Comparable as a regional medtech ecosystem support organisation with similar focus on healthcare innovation partnerships, though primarily serving industry partners rather than students.
• BioIndustry Association (BIA): UK trade association for the life sciences and biotech industry, supporting the ecosystem through advocacy, networking and talent-development programmes. Comparable as a UK life-sciences ecosystem support organisation, but operating as an industry body serving commercial members rather than a student engagement initiative.
• Innovate UK: UK's national innovation agency providing grant funding and business-led innovation support across health and life sciences. Indirectly comparable as the underlying funder behind Innovate UK grants referenced in MTF's hackathon success stories, though operating as a government funding body rather than an engagement initiative.
• Health Education England: UK government body responsible for NHS healthcare education, training and workforce development. Existing MTF core supporter with overlapping workforce-development mission, but operating at vastly greater scale as a public-sector body across all healthcare professions rather than medtech specifically.
• NIHR (National Institute for Health and Care Research): UK's largest clinical and applied health research funder, supporting research training and career development infrastructure. Existing MTF primary funder (via Surgical MIC) with overlapping mission of building health and clinical research capacity, though operating at national research-funding scale rather than student-engagement scale.

Direct peers

• BOTA (British Orthopaedic Trainees Association): UK not-for-profit representing orthopaedic trainees, supporting training standards and promoting innovation as a career path. Existing MTF partner with comparable audience (specialty surgical trainees) and shared focus on innovation-career development within surgery.
• NHS Clinical Entrepreneurs Programme: NHS-run development programme that supports early-career clinicians and healthcare entrepreneurs turning ideas into clinical innovations, offering structured training, mentorship, and networking across the UK. Directly comparable to MTF in mission (converting early-career healthcare talent into medtech innovators) and audience (UK-based clinicians and trainees).
• Bionabu: Education and networking platform targeted at students and early-career professionals interested in MedTech, offering micro-internships, mentorship, and hackathon prizes. Existing MTF partner with overlapping audience, similar micro-internship / hackathon offering, and directly comparable engagement-only model.
• ASiT (Association of Surgeons in Training): UK professional body representing surgical trainees and trainers, providing networking, training, and innovation pathways including co-organised events with MTF. Existing MTF partner with overlapping audience (early-career surgical trainees) and shared focus on surgical-innovation careers.

Regional players

• InciSioN: International student-led network for global surgery, organising hackathons and educational events with members across multiple countries. Existing MTF partner on the InciSioN UK hackathon, sharing the student-driven surgical-innovation model but operating internationally rather than primarily within the UK.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/MIC_Foundation
• Facebookfacebook.com/medtechfoundation
• LinkedInlinkedin.com/company/mtf-leeds
• Instagraminstagram.com/themedtechfoundation

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about MedTech Foundation