CMU Portugal inRes Startup Receives Hovione Capital Investment

CMU Portugal inRes Startup Receives Hovione Capital Investment AdaptTech joined CMU Portugal inRes Program in 2015

AdaptTech AdaptTech, one of CMU Portugal Program inRes teams, received an investment from Hovione Capital.
News that our National Director, João Claro, receives with “satisfaction and pride” and that “will be decisive for this innovative solution to successfully hit the market”.
For Hovione Capital ’s CEO, Peter Villax, “projects like AdaptTech are the ones the company wants to invest in: an interesting and innovative product, but above all a promising team of young entrepreneurs.”

Frederico Carpinteiro, AdaptTech’s CEO, says that Hovione was the best investor they could have in Portugal. “They are a reference in the medical devices area and we know that they’ll help us to define a plan and implement it in a best way possible.”

Hovione Capital is specialized in the Health sector and AdaptTech product consists in a smart fitting solution for prosthesis, capable of identifying localized problems within the stump-socket interface, evaluate the level of adaptation and suggest the needed modifications to maximize it.

The startup is located at Founders and Founders, in Porto, and was founded by Frederico Carpinteiro and Mário Espinoza, who are also alumni from Faculdade de Engenheira of the University of Porto.

inRes, short for “in Residence”, is a very early stage acceleration program for entrepreneurial teams working in Information and Communication Technologies in Portugal. Organized by the Carnegie Mellon Portugal Program, funded by Fundação para a Ciência e a Tecnologia, inRes provides a training period in Portugal, followed by a seven-week structured immersion in the U.S., anchored at Carnegie Mellon University, including six weeks in Pittsburgh and a final week in Silicon Valley. AdaptTech drove more than 5500 km in four American states and in Canada, attended almost 40 meetings and did more than 100 direct contacts, during inRes immersion, in 2015.

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