In MedTrace’s early days, the company successfully managed to attract grants from the Danish market maturity fund (DK: Markedsmodningsfonden) and later also from Innovation Fund Denmark. In recent history, MedTrace was awarded an EIC Accelerator Pilot grant of €2,5m to clear the regulatory pathway to market in five European markets.
As part of MedTrace foundation, the company signed up for the Danish Tech Challenge (DTC), a hardware accelerator funded by the Danish Industry Foundation and hosted by DTU Science Park. The MedTrace team learned how to build a life science company from scratch from many experienced mentors during this period and is still proud of having won the 2015 DTC Award of DKK 500,000. MedTrace is also proud to have been awarded the 2015 Nordic Venture Forum’s startup award in the Life Science Category, the 2019 RESI JP Morgan award and for being runner’s up in the MTI Life Science Pitch award in Lausanne 2019.