Health IT Entrepreneurs Showcase Startups at Capstone Event Co-Sponsored by Johns Hopkins
After weeks of intense work, the six teams were ready. Some participants had moved to Baltimore from hundreds of miles away, many had lost track of the number of all-nighters they’d pulled, and all were excited about their ideas to use 21st-century technology to solve a variety of health care issues.
The six startup teams formed the cohort for this year’s DreamIt Health Baltimore 2015 accelerator program, a four-month intensive boot camp for health information technology entrepreneurs co-sponsored by Johns Hopkins. On May 13, “Demo Day,” the startups presented their health care solutions and future plans to an audience of industry leaders, possible investors and potential customers.
“Demo Day represents the culmination of four months of hard work and determination,” says Jason Hardebeck, managing director of DreamIt Health Baltimore.
“Every one of these companies has validated key business assumptions and developed viable strategies to move from concept to market,” Hardebeck adds. “I can’t wait to watch these entrepreneurs ignite the second stage of their rocketships.”
During the 16 weeks leading up to Demo Day, the startup teams were provided with:
- Coaching: Each team was assigned a mentor and top-tier legal and accounting representation.
- Curriculum: Teams had access to curricula, such as Founders 101, designed to educate and motivate; a weekly speaker series; and office hours with industry, government, investor, academic and other experienced leaders.
- Connections: Teams received introductions to potential funders, partners and customers.
- Community: Teams worked in a collaborative space with access to a network of peers and other previous DreamIt companies.
- Challenge: Teams experienced a sense of urgency demanded by the limited four-month time frame of the program.
- Capital: Teams received up to $50,000 and in-kind software and Web hosting services.
This year’s cohort was also co-sponsored by the University of Maryland, the Maryland Department of Business and Economic Development, the Economic Alliance of Greater Baltimore, the Abell Foundation and BioHealth Innovation.
“Technology is dramatically changing the world of health care,” says Christy Wyskiel, senior advisor to the president at The Johns Hopkins University. “New health care information technology companies need the right tools to begin their path to success, and DreamIt Health provides those tools. We are proud to co-sponsor this world-class accelerator that brings promising companies to Baltimore.”
The six DreamIt Health Baltimore 2015 startups were:
- Baton (of Baltimore), a mobile app that ensures the seamless transition of patient care between hospital teams to avoid preventable medical errors
- Decisive Health Systems (of San Francisco), an online information and communication portal dedicated to helping doctors and their patients come together to make better, more informed decisions about patient care
- InsightMedi (of Spain), a photosharing network for health care professionals designed to enhance education and enable curbside consultations on a large scale
- Nomful (of Chicago), an app democratizing personalized nutrition support so that everyone can have access to a network of expert nutrition coaches
- Redox (of Madison, Wisconsin), which enables software developers to rapidly integrate with installed legacy health information technology systems through a modern application programming interface
- Sisu Global Health (of Grand Rapids, Michigan), which develops medical devices for the most challenging environments and markets; its first product enabled autotransfusion of hemorrhaging patients in the field with military and developing world applications