Author: Brian Conlin

Awards

11 Startups with JHTV Ties Rank Among Baltimore’s Best

11 Startups with JHTV Ties Rank Among Baltimore’s Best

 
 
In the last six months, Personal Genome Diagnostics (PGDx) raised a $75 million series B, Harpoon Medical sold for $100 million and Sunayu acquired Fractal Technology. Which Baltimore startup is next?

According to Technical.ly, businesses associated with Johns Hopkins Technology Ventures (JHTV) are leading the next generation of Baltimore startups. Last week, the publication released the realLIST to catalogue the city’s “top companies who have already shown promise.” The top six companies ranked and 11 of the 20 mentioned have ties to JHTV.
 
 

THE CRITERIA

 
Technical.ly selected a group of startups tackling diverse challenges related to manufacturing, education, health care, social issues and more. To determine “promise,” considerations included:
 

  • Boldness of idea
  • Talent levels of founders and team
  • Customer base and revenue
  • Investment capital
  • Potential impact
  • Office space

 

STARTUPS WITH JOHNS HOPKINS TIES

 
1. READY Robotics
 
The FastForward startup based in City Garage enables small- and medium-sized manufacturers to unlock the productivity and potential of robots. The company’s software, which it installs in pre-made manufacturing robots, allows manufacturers to change the tasks their robots perform in hours, instead of days or weeks.
 
 
2. Osmosis
 
A venture in the 2013-2014 Social Innovation Lab (SIL) cohort, Osmosis has created web- and mobile-based interactive learning experiences and an online community to help medical school students study. The startup co-founded by Johns Hopkins University School of Medicine students recently expanded into print.
 
 
3. FactoryFour
 
FactoryFour is a solution that automates manufacturing processes for the production of orthotics, eyewear and footwear, reducing lead time and eliminating errors. Johns Hopkins University undergraduates Param Shah and Alex Mathews co-founded the company and used a number of JHTV resources. In addition to participating in SIL’s 2015-2016 cohort, the Mount Vernon-based startup received funding and mentorship through the Summer Undergraduate Entrepreneurship Award.
 
 
4. Intelehealth
 
Led by Johns Hopkins University graduate student Neha Goel, Intelehealth operates in the telemedicine space and is developing a mobile app that improves access to health care for remote and underserved communities. Intelehealth was a member of the 2016-2017 SIL cohort.
 
 
5. Proscia
 
Operating in Baltimore’s Inner Harbor, Proscia is ushering in an era of computational pathology. Proscia CEO David West, who founded the company with other Johns Hopkins Whiting School of Engineering undergraduates, aims to give pathologists a quantitative view of cancer, enabling them to improve patient outcomes. Proscia received funding and mentorship from JHTV’s Ralph S. O’Connor Undergraduate Entrepreneurship Fund.
 
 
6. b.Well
 
B.Well’s online platform puts people at the center of their health care by simplifying access to health data, insurance and on-demand health services. The startup participated in the M-1 Ventures accelerator where it grew its pipeline 300 percent and won one of two $25,000 awards.
 
 
8. B-360
 
B-360 is on a mission to end the cycle of poverty and build bridges in communities through a STEM education program and advocacy program centered on Baltimore’s dirt bike culture. B-360 participated in Social Innovation Lab as a member of its 2016-2017 cohort.
 
 

HONORABLE MENTION

Sunrise Health
 
Co-founded in 2016 by two Johns Hopkins University students, Sunrise Health is developing a mobile app for anonymous, text-based group therapy that increases mental health support for patients and maximizes health care providers’ efficiency. Sunrise Health participated in the 2016-2017 Social Innovation Lab cohort, received support from the Ralph S. O’Connor Undergraduate Entrepreneurship Fund and the Whiting Student Initiatives Fund.
 
 
BurnAlong
 
BurnAlong provides an online video fitness and wellness platform that enables users to work out with top instructors from across the country and their friends. After participating in M-1 Ventures, BurnAlong had 400 business partners and more than 3,000 members. The company also won $25,000 through M-1 Ventures.
 
 
Portable Alternative Crib
 
Shantell Roberts distributes safe sleep baby boxes and supplies to Baltimore families to reduce the rate of sudden infant death syndrome in the city. She was a member of the 2016-2017 SIL cohort, winning the $25,000 prize at the conclusion of the program.
 
 
PathoVax
 
A member of FastForward, PathoVax is developing a universal Human Papillomavirus vaccine. Co-founded by two Johns Hopkins University graduate students, the startup recently received two federal grants totaling $2.5 million that will help the company push its first product to clinical trials.
 

Click here to learn more about Johns Hopkins startups!

 

News

Betamore, JHTV and UM Ventures Launch Training Program for…

Betamore, JHTV and UM Ventures Launch Training Program for Local Health Care Startups

 
Betamore, Johns Hopkins Technology Ventures (JHTV) and the University of Maryland, Baltimore, through UM Ventures, announced that they are now accepting applications for Trajectory Next, a training program designed to support local startups in the digital health, bio-health and life sciences spaces. The 12-week program is funded through the TEDCO Incubation Challenge, in recognition that innovation powerhouses can together provide critical support and guidance to local startup companies as they gain sales momentum.

“Many accelerator programs focus on helping startups perfect the investor pitch,” says Megan Wahler, the Program Manager for FastForward at Johns Hopkins Technology Ventures. “In our experience, startups don’t get enough help with the customer pitch. Our weekly training sessions will fill that gap and get companies over the early sales planning hump.”

The application period for Trajectory Next will close on February 19, 2018. Eligible candidates for the program must meet the following criteria:
 

  • successfully completed an accelerator or other similar program,
  • the ability to define metrics and milestones,
  • willingness to devote three hours per week of on-site workshop time,
  • an understanding of customer segments and hurdles to adoption.

 
In addition, candidates must be a digital health, bio-health innovation or life sciences company located in Maryland or one willing to relocate to Maryland. The program will feature five startups and will run from April 1, 2018 through June 15, 2018.

“Even the best companies exiting accelerators and equipped with seed funding require ongoing support,” says Jim Hughes, co-director, UM Ventures and Vice President, University of Maryland, Baltimore. “Through Trajectory Next, we will help companies develop revenue streams through hands-on training and by making important connections to our experts and resources.”

The Trajectory Next advisor group, which includes experts from each of the three collaborating organizations as well as a set of external consultants, will meet individually with selected startups to assess their strategic plan, evaluate the biggest short-term obstacles and set progress benchmarks. Through a workshop approach, Trajectory Next professionals will tailor support to each startup’s needs. This might include the building of sales channels or facilitating pilot programs, user research, market development and recruiting. Finally, and critically, Trajectory Next advisors will broker introductions to key customers and advocates that best position participants for revenue generation after the program.

“The hands-on training support and brokering of connections goes beyond the average ‘accelerator.’ This is a partnership that fully leverages our top universities, venture and entrepreneurship organizations in Maryland,” says Greg Cangialosi, Chairman/Co-Founder, Betamore. “We look forward to working with local startups who are ready to take that next step.”
 

Learn more and apply!

 

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