New SVB women's health report unveils an optimistic outlook 💪🏽; Fermata's Femtech Fes! 2024 is here 📆; Clue and Ōura launch new integration and research partnership 💍 + more
Connecting businesses in health tech and femtech with opportunities to grow and succeed.
By tradition, Amazon CTO Werner Vogels caps off the AWS re:Invent conference with his last-day keynote. A more recent tradition is that he also uses that day to publish his predictions for the coming year.
Vogel’s predictions don’t only focus on AI, though. He also believes that women’s health tech will finally take off, in part because there is less of a stigma now around talking about women’s healthcare. “It’s a societal change. The stigma is changing. Men are talking about menopause these days, because their wives or friends or girlfriends or daughters are going through it and they see it. If you go back 20 years, women among themselves wouldn’t even talk about it,” he said. And with that, venture capital is also starting to flow into this market.
Vogels believes that since the medical establishment often dismissed women’s health concerns or privileges men’s health, we may arrive at an interesting moment now with the advent of personalized and precision medicine where a lot of women’s healthcare will leapfrog right to these more modern techniques.
“I see this in femtech, where the shift immediately is: let’s take this one step further — let’s make sure that we can actually do precision healthcare,” he said.
Find out more on TechCrunch.
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A new era for women’s health: New SVB report unveils an optimistic outlook
Women have long faced challenges when it comes to their access and quality of healthcare, due in large part to sex and gender biases and a lack of representation in medical research. This disparity often leads to delayed diagnosis, misdiagnosis or undertreatment. Fortunately, momentum is building to resolve these systemic issues and improve outcomes for women.
In Silicon Valley Bank’s inaugural report, Innovation in Women’s Health 2023, they unveil an optimistic outlook for this undervalued and rapidly growing sector, despite broader VC challenges and obstacles within the space. Venture capital investments in women’s health increased 314% in the past five years, compared to a 28% increase in overall healthcare investments. Plus, 2023 is on track to become the third-best funding year for the women’s health sector.
Read the full report below 👇🏽
WoW community news and updates 📣
This year again, our team at Women of Wearables has curated a comprehensive list spotlighting the incredible innovators, investors, researchers, entrepreneurs, and advocates who have left their imprint in women’s health and femtech space in 2023. This compilation aims to make the industry more accessible, inclusive, and ultimately visible.
🙌 Applications are now OPEN for FemTech Lab's Spring 2024 cohort!
Are you building the future of women’s health & wellness? Then the FemTech Lab accelerator could be for you!
So, what can you expect as a FemTech Lab startup?
🚀 12 weeks of acceleration with 500+ expert mentors, investors and ecosystem partners
🚀 Demo Day pitching to investors during London Tech Week at the DECODING THE FUTURE OF WOMEN conference
🚀 Joining the pack of 70+ companies on a mission to change the world for women
🔥 Apply for the 7th FemTech Lab Cohort now by visiting their website and clicking 'Apply now' at the top.
Save the date! Get ready for an extraordinary experience as fermata proudly presents the fourth annual Femtech Fes! unfolding from February 9th to 11th, 2024, in the vibrant city of Tokyo, Japan.
Step into the world's premier femtech conference and exhibition, Femtech Fes!, spotlighting groundbreaking technologies that often fly under the radar. This event is your gateway to discovering revolutionary products and ideas.
Exhibitors and attendees alike can anticipate a diverse array of activities and immerse yourselves in the latest femtech innovations, from cutting-edge products to enlightening speaker sessions. Seize the opportunity to network with potential business partners in Japan, opening doors to exciting collaborations.
Following the resounding success of the 2022 edition, featuring 200 products and hosting 20 distinguished femtech leaders, Femtech Fes! 2024 promises an unforgettable experience. If you're passionate about femtech and women's health, this is a can't-miss event.
If you are interested in exhibiting or attending the conference in Tokyo, you can email the fermata team at femtechfes2024@hellofermata.com!
📌 Clue and Ōura launch new integration and research partnership
📌 Movano launches sales of its smart ring for women
📌 Women's health startup Daye expands its revolutionary diagnostic tampon to include STI screening
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