FemTech Startup MobileODT Gets $2.3 Million Grant from NCI
Niko Pajkovic — February 17, 2022 — Tech
MobileODT, a health tech company known for its revolutionary digital cervical screening product, has been awarded a Small Business Innovation Research Authority grant of $2.3 million. Presented by the United States National Cancer Institute (NCI), the new grant functions as a tribute to the company's advances of MobileODT; a product that is contributing to reducing the prevalence of cervical cancer and the suffering associated with it.
For those unfamiliar, MobileODT is a Tel Aviv-based startup that uses smartphone technology and machine learning algorithms to screen for cervical cancer. The product arrives in the form of a portable "smart" colposcope half the size of a traditional smartphone. Physicians can use the device to take a photo of a woman's cervix, which it then transmits to the cloud, where the company's AI can scan for abnormalities.
Image Credit: MobileODT
For those unfamiliar, MobileODT is a Tel Aviv-based startup that uses smartphone technology and machine learning algorithms to screen for cervical cancer. The product arrives in the form of a portable "smart" colposcope half the size of a traditional smartphone. Physicians can use the device to take a photo of a woman's cervix, which it then transmits to the cloud, where the company's AI can scan for abnormalities.
Image Credit: MobileODT
Trend Themes
1. AI-enabled Cervical Cancer Screening - The integration of AI into cervical cancer screening devices creates opportunities for faster and more accurate diagnoses, as well as reduced healthcare costs.
2. Femtech Advancements - FemTech startups like MobileODT that introduce innovative health products tailored to women's healthcare needs will continue to disrupt the healthcare industry.
3. Smartphone-integrated Medical Devices - Smartphone applications that seamlessly integrate with medical devices to provide accessible and efficient healthcare services will reshape the healthcare industry.
Industry Implications
1. Health Tech - The continued development of innovative and affordable health monitoring technologies will be key determining factors in the future of the industry.
2. Machine Learning - ML algorithms in healthcare will lead to the development of new healthcare tools and treatment methods, offering cheaper, faster, and more personalized healthcare services to patients.
3. Femtech - Startups operating in FemTech will continue to challenge conventional healthcare systems by building products that cater to underrepresented needs in women's healthcare.
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