Rocky Hill, CT (July 2, 2019) – Monroe-based Elidah, a medical device company that has developed an innovative treatment for stress urinary incontinence, won the inaugural CTNext Mentor Network Pitch Event on June 27th at District New Haven.
Elidah won a $20,000 grant for its first-place pitch. WAVE Drowning Detection System of Westport won the $5,000 Crowd Favorite Award.
Elidah CEO Gloria Kolb pitched against 15 other companies, all members of the first cohort of companies to participate in the new CTNext Mentor Network program. Her company designed, manufactures and markets ELITONE®, a device providing women a conservative, non-invasive solution for treating stress urinary incontinence, a condition that affects 1 in 3 women in the U.S.
The CTNext Mentor Network, a partnership between CTNext and The Refinery, launched earlier this year creating a network of experienced entrepreneurs, executives and investors to help accelerate the growth of Connecticut’s most promising early-stage ventures. The network gives participating companies the opportunity to get objective feedback and guidance on growing a company, and to learn about valuable resources and tools that can help them succeed faster.
“Elidah is the perfect example of the kind of company this Mentor Network was created to support,” said Glendowlyn Thames, interim Executive Director of CTNext. “They are at a true inflection point with a tremendous product already in market, a distinctive value proposition, substantial opportunity to grow, and impressive leadership.”
Elidah is a woman-owned medical device company established to help women who suffer from incontinence. Elidah is developing technologies that integrate recent advances in wearable devices, biomaterials and mobile interfaces to deliver innovative therapeutic solutions that are non-invasive, comfortable and convenient. Elidah is led by entrepreneur Gloria Kolb, Founder and CEO, an MIT and Stanford trained engineer whose previous accolades include Boston’s 40 under 40 and MIT Technology Review’s World Top Innovators Under 35 (TR35).
ELITONE offers an innovative, non-invasive, and clinically effective alternative to trying to do Kegel exercises on your own or getting invasive pelvic mesh surgery. The discreet device is worn under clothing. The treatment sessions last only 20 minutes and can be done while tending to regular, daily activities. The use-at-home design and over-the-counter indications make ELITONE accessible to women who might otherwise not be able to access pelvic floor therapy. To learn more visit http://elitone.com.
CTNext is Connecticut’s go-to resource for entrepreneurial support. The goal of the program is to build a more robust community of entrepreneurs and to accelerate startup growth by providing access to talent, space, industry expertise, services, skill development and capital to foster innovation and create jobs for people in Connecticut. CTNext has more than 2,500 members in its network. To learn more, visit www.ctnext.com.
Tom Bradley, 860/258-7875, firstname.lastname@example.org