Tag: b.Well

News

Good News: February 2018

Good News: February 2018

 
Startup News

    • Shortly after raising $11 million in series B funding, Protenus CEO Nick Culbertson announced that the Baltimore startup plans to nearly double the size of its team. Culbertson said the 30 hires will likely be sourced locally. The FastForward startup analyzes and protects health care data for health systems across the country and saw its revenue grow twentyfold in 2017. Technical.ly

 

    • The Maryland Tech Council named two FastForward companies among the finalists for its annual Industry Awards Celebration. Personal Genome Diagnostics (PGDx) is vying to be named Life Science Company of the Year, and its CEO Doug Ward is up for Chief Executive Officer of the Year. Protenus is a finalist for the Emerging Company of the Year award. The Maryland Tech Council will announce the winners on May 17. Maryland Tech Council

 

    • According to a synopsis from Protenus, health care organizations reported 477 data breaches to the U.S. Department of Health and Human Services or the media. These breaches affected 5.6 million patient records. Healthcare Informatics

 

    • Inspired by his mother’s experience managing multiple chronic conditions, Sathya Elumalai is developing a portable, handheld device that records key vital signs in just 30 seconds. Elumalai is commercializing the technology through his FastForward startup Multisensor Diagnostics. TMC News

 

    • BurnAlong, a fitness startup that participated in the M-1 Ventures accelerator, announced that it raised $1 million in an oversubscribed round. Based in Owings Mills, MD, BurnAlong offers streaming fitness classes through partnerships with fitness instructors and gyms. Technical.ly

 

    • Emocha Mobile Health, a tenant in FastForward 1812, hired Thomas A. Carroll as its chief operating officer. Carroll, who co-founded RuxtonPark Healthcare Capital, will help the company expand into new markets among other duties. MobiHealthNews,Technical.ly

 

    • Fast Company named emocha Mobile Health one of its 10 most innovative businesses in the health sector, citing its technology that makes “medication management mobile-friendly.” Other brands ranked alongside emocha include CVS Health and 23andMe. Fast Company

 

    • Sunrise Health and b.well are two of 24 digital health startups participating in the Texas Medical Center Accelerator. Founded by Johns Hopkins students and a member of the Social Innovation Lab’s 2016-2017 cohort, Sunrise provides text-based group support for behavioral health patients that utilizes artificial intelligence tools. One of two winners of $25,000 at the M-1 Ventures accelerator, b.well aggregates patient health care data by providing incentivized care coordination, along with concierge and matching services. MedCity News

 

    • The St. Louis-based accelerator program Capital Innovators selected FastForward startup Vision Interchange as one of six startups in its spring investment round. The 12-week program will provide the e-commerce company that lets consumers trade eyewear with a $100,000 investment. KMOX

 
Social Ventures

    • Alex Riehm has taken over as the director of SIL. Formerly a deputy director with the U.S. Agency for International Development, Riehm assumed the SIL leadership role in November and aims to build a “continuum of service for anyone with a good idea in Baltimore.” Technical.ly

 

    • Baltimore Magazine’s list of 30 visionaries who are shaping the city’s future. The publication recognized FactoryFour CEO Param Shah for his work to bring manufacturing into the digital age. Shantell Roberts received recognition for her work through Touching Young Lives which provides safe sleeping spaces for babies. Baltimore Magazine

 

    • A member of the 2017-2018 SIL cohort, Mera Kitchen Collective has pop-up dinners, offers catering and hosts other food-focused events as a means of empowering Baltimore’s refugee and immigrant community. In a podcast, the Mera Kitchen Collective team explains Baltimore’s long-time role as a haven for refugees, the state of the city’s refugee community and how its efforts will help this population overcome barriers. Cureate

 

    • A member of this year’s SIL cohort, Hosts for Humanity matches volunteer hosts with patient families seeking a place to stay while loved ones receive care at local medical institutions. Since January 6, the venture has placed four people with hosts for a total of 40 days, saving the families over $5,600. Baltimore Business Journal (subscription required)

 
Innovation News

    • A single experimental blood test called CancerSEEK could one day enable clinicians to simultaneously screen for multiple early stage tumors. The test detected 98 percent of ovarian and liver tumors. Joshua Cohen, a Johns Hopkins University School of Medicine student, says the test will need to be validated in a more real-world setting. BioWorld Today

 

    • A technology that focuses ultrasound waves could be tomorrow’s solution for treating brain tumors. A group of entrepreneurs from Johns Hopkins are looking to build on the Hopkins-born idea, which would serve as an alternative to invasive surgery. The group has received $250,000 in grant funding from TEDCO and the Wallace H. Coulter Foundation.
      Baltimore Business Journal

 
Johns Hopkins News

    • A $50 million gift from the United Arab Emirates has enabled Johns Hopkins to establish a new institute for stroke research and clinical care. The Sheikh Khalifa Stroke Institute in Baltimore will use engineering skills, artificial intelligence and precision medicine to improve diagnoses, treatments and restorative functions for stroke patients. Baltimore Business Journal

 

    • A private developer will receive $800,000 in state grants to help complete 15,000 square feet of retail space at the new Marriott Residence Inn on Johns Hopkins’ East Baltimore campus. This is the latest investment in the East Baltimore Development Inc.’s redevelopment of the Eager Park community. Baltimore Business Journal

 

    • To kick off the spring semester, four dozen Johns Hopkins underclassmen visited workplaces across Baltimore to gain a better understanding of what it’s like to work in city government, health care and other industries. The tour included a visit to a FastForward U innovation hub, which provides space and co-working opportunities for student innovators and entrepreneurs. The Hub

 
Baltimore News

    • Southwest: The Magazine hailed Baltimore as “the city you’re missing” and “the most underrated city in America” in its issue released on February 1. The magazine’s editorial director touted the city’s strong entrepreneurial spirit, hip workspaces, burgeoning arts scene, friendliness and foodie scene. Baltimore Sun

 

    • The Maryland General Assembly is considering a bill that would incentivize making early-stage investments into local startups by offering angel investors tax credits. Del. Brooke Lierman, the bill’s lead sponsor, says, “We want to make sure we can capitalize on (Maryland’s growing number of startups) and on the growing entrepreneurial spirit in Maryland.” Baltimore Business Journal, Technical.ly

 

    • Eight startups will compete for $100,000 in prizes at the Maryland Institute College of Art’s Up/Start Venture Competition. The third annual event was open to class of 2018 MICA students and alumni from the class of 2017. SIL’s Alex Riehm was one of the judges who selected the finalists. The finale will occur on April 4. Baltimore Business Journal

 

    • A new innovation space in Baltimore’s Station North neighborhood has begun growing a number of businesses in Baltimore. The CO-OP at Maryland Ave. opened in 2017 and already has a number of tenants, including a steel and metal broker, a carpet installer and a nonprofit. Technical.ly

 

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!

 

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