Tag: BurnAlong

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!

 

Startups

M-1 Ventures Startups Highlight 16 Weeks of Growth, Promising…

M-1 Ventures Startups Highlight 16 Weeks of Growth, Promising Outlooks

 

M-1 Ventures concluded this month, but the accelerator’s intense focus on driving revenue and protracted growth will help sustain its four startups for years.

In August, the connected health and fitness accelerator supported by the Johns Hopkins University, UM Ventures, Plank Industries and others selected its inaugural cohort. After Labor Day, the ventures began an intense 16-week curriculum designed to help scale their businesses.

“One of the most subtle but important ways M-1 Ventures is different from the 1,100 other accelerators in the United States is that we didn’t do anything with innovation,” says M-1 Ventures co-director Paul Singh. “It’s about entrepreneurship.”

At the M-1 Ventures Demo Day on Dec. 13, the 2017 cohort — b.well, BurnAlong, MileMarker and RoundTrip — showcased how the accelerator changed the trajectory of their businesses. Each came in with viable products and marketplace traction, now they move forward with more leads, new plans and stronger sales projections.

Here’s a highlight from each of the Demo Day presentations:
 

BurnAlong*

 
Challenge: People want to improve their fitness, but too often motivation is fleeting.
Solution: 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.
Result: BurnAlong currently has 400 business partners and more than 3,000 members.
 

*Awarded an additional $25,000 through a peer-review investment model.

 
 

b.well*

 
Challenge: More and more people are turning to digital health services to track and manage their care, but a lack of integration among these services limits their effectiveness.
Solution: B.well’s online platform puts customers at the center of their health care by simplifying access to health data, insurance and on-demand health services.
Result: Since joining M-1 Ventures, b.well has onboarded two new clients and grown its pipeline more than 300 percent. After closing its first year of sales with $1.6 million, it projects to have more than $11.5 million in 2018.
 

*Awarded an additional $25,000 through a peer-review investment model.

 
 

MileMarker

 
Challenge: Today’s method of evaluating performance of surgical residents inhibits their professional development and makes it difficult to identify high performers.
Solution: MileMarker™ is an on-the-job, real-time assessment software for surgical training currently being used by Johns Hopkins Hospital and the University of Maryland
Result: When M-1 Ventures began in September, MileMarker had five leads. By the conclusion of the accelerator, they had 200.
 
 

RoundTrip

 
Challenge: Each day, 10,000 patients miss or delay care because of transportation issues.
Solution: RoundTrip’s online platform connects hospitals and patients with on-demand, non-emergency transportation.
Result: Interactions with Johns Hopkins experts facilitated by M-1 Ventures opened a new revenue pipeline through predictive analytics. The company expects to grow its revenue from $75,000 to $1.4 million.
 

Click here to learn more about M-1 Ventures!

 

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