Arizona WearTech Innovators Take the Stage at PEI/MDM2 Demo Day

Arizona’s medtech ecosystem continues to gain momentum, and that progress was on full display during the recent PEI/MDM2 WearTech Demo Day and Angel Tax Credit Discussion at the WearTech Applied Research Center.

The event brought together founders, investors, entrepreneurs, healthcare leaders, and ecosystem partners for an afternoon focused on two important themes: the next generation of wearable health technologies and the funding pathways that can help early-stage companies grow in Arizona.

Showcasing Arizona’s Connected Care Innovation

During Demo Day, attendees heard from four Arizona innovators developing technologies that support remote patient monitoring, connected care, and more efficient healthcare delivery.

Aventyn demonstrated its AI-powered digital health platform and wearable monitoring technology for patients managing cardiovascular, kidney, and metabolic conditions. The company is using remote patient monitoring, predictive analytics, and a clinical AI companion to help patients manage chronic disease while giving clinicians more timely insight into patient health.

Unity Care presented a remote monitoring and location-tracking platform designed for senior living communities and memory care facilities. Using wearable tags, indoor positioning technology, and ECG monitoring, the system helps caregivers improve resident safety, monitor health status, and better understand patient-caregiver interactions.

MiiCare highlighted its conversational AI platform, which supports independent living and helps reduce preventable hospital readmissions. The company’s technology enables ongoing engagement between patients and care teams, helping providers remotely monitor health conditions  while supporting more personalized care.

Senphonix demonstrated a wireless, wearable monitoring sleeve designed to automate the collection of vital signs in hospitals and remote care settings. The device continuously captures key health metrics, integrates with electronic health records, and is designed to reduce administrative burden for nurses while giving clinicians access to more timely patient data.

Together, these companies offered a compelling look at how Arizona startups are applying artificial intelligence, wearable sensors, remote monitoring, and data analytics to some of healthcare’s most pressing challenges. From chronic disease management to senior care and hospital workflow efficiency, the technologies demonstrated at the event reflected the growing strength of Arizona’s connected care and medtech innovation ecosystem.

A Practical Conversation About Startup Funding

Following the demos, attendees participated in a discussion on Arizona’s Angel Tax Credit program and its role in supporting early-stage companies.

The panel featured perspectives from Stuart Broyles, Regional Innovation Officer for MDM2, Nathan Friedman, Co-Founder of HemaSense, Dana Johnson, Director of Financial Programs at the Arizona Commerce Authority, and Bob DeLean, Executive Director of Arizona Tech Investors.

The conversation focused on how the Angel Tax Credit can help incentivize investment in early-stage Arizona companies. Panelists explained that the program can provide eligible investors with a state tax credit of up to 35% of their investment, helping reduce risk for investors while increasing access to capital for startups working to commercialize new technologies.

The discussion also covered important considerations for both founders and investors. ACA representatives outlined the importance of eligibility requirements, including maintaining a meaningful Arizona presence and meeting specific operational and size criteria. Investors also shared that while the tax credit can be a valuable incentive, it does not replace the fundamentals of a strong investment opportunity.

For founders, the message was clear: successful fundraising still depends on strong leadership, clear market demand, traction, a scalable business model, and a credible path to revenue. For investors, the program offers another tool to support promising Arizona companies while helping keep investment dollars in state.

Strengthening Arizona’s Innovation Economy

The event underscored what makes Arizona’s medtech and startup ecosystem so promising: strong founders, practical support programs, engaged investors, and a growing network of organizations committed to helping new technologies reach the market.

WearTech Demo Day was not just an opportunity to see emerging technologies; it was also a reminder that innovation requires more than great ideas. Companies need access to customers, clinical insight, technical expertise, capital, and a supportive ecosystem that can help them move from prototype to adoption.

Thanks to Auer Precision for their partnership, which helps MDM2 take part in these conversations that connect the people, programs, and partners working to advance Arizona’s medical device and healthcare innovation economy.