DENVER, May 21, 2018 /PRNewswire/ -- The Colorado Office
of Economic Development and International Trade (OEDIT) has awarded
startup medical device manufacturer HeartHero a $250,000 Early Stage Capital and Retention Grant
to continue developing its ultra-portable, easy-to-use automatic
external defibrillator (AED). HeartHero aims to make this
lifesaving technology accessible and attractive to the consumer
market, while simultaneously creating a better alternative for
existing business and institutional markets.
According to the American Heart Association, sudden cardiac
arrest (SCA) claims more than 350,000 American lives each year.
Eighty percent of those SCAs occur at home, where families do not
have access to a lifesaving AED. With chances of survival
decreasing 7-10 percent with each passing minute, most people
suffering an SCA do not have time for the ambulance to arrive with
an AED.
"OEDIT's grant will help us get one step closer to saving
millions of lives from sudden cardiac arrest," said Gary Montague, HeartHero founder and CEO. "As a
medical professional who has seen too many people die from sudden
cardiac arrest, I am thrilled that OEDIT believes in our product
and our mission. The AED market is ripe for disruption and with the
help of OEDIT, we plan to do just that."
Part of OEDIT's Advanced Industry Accelerator Programs, Early
Stage Capital and Retention Grants fund companies commercializing
innovative technologies to create viable products that meet a
market need and will be created or manufactured in Colorado and exported globally.
About HeartHero
HeartHero is the next generation
automated external defibrillator. Our team is on a mission to save
lives from sudden cardiac arrest, the number one killer in
the United States. By developing a
portable, easy-to-use AED, we aim to make lifesaving technology
accessible and affordable to all. At HeartHero, we aim to empower
families to help their loved ones live longer, more fulfilling
lives. For more information, visit hearthero.io.
About OEDIT's Advanced Industry Accelerator
Programs
OEDIT's Advanced Industry Accelerator Programs were created in
2013 to promote growth and sustainability in Colorado's advanced industries by driving
innovation, accelerating commercialization, encouraging
public-private partnerships, increasing access to early-stage
capital and creating a strong infrastructure that increases the
state's capacity to be globally competitive. AIA encompasses three
distinct grant programs: Proof of Concept, Early Stage Capital and
Retention, and Commercialization Infrastructure. For more
information, visit choosecolorado.com.
Media Contact:
Karen Einisman, KeetonPR
Karen@keetonpr.com
612-384-3763
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SOURCE HeartHero