DreamIt Ventures along with Independence Blue Cross (Independence) and Penn Medicine announced a new line-up of health-tech startups selected to participate in DreamIt Health Philadelphia 2014, the third cycle of DreamIt’s health-tech accelerator and second held in Philadelphia.
A total of nine startup teams were recruited from around the country to participate in a 16-week boot camp from July 21 through November 7. The selection criteria included strength of the companies’ teams and the significance of the problems they are tackling within the health care sector.
DreamIt Health will host a reception from 4 to 6 p.m. for the Philadelphia entrepreneurial community at the Wharton School of the University of Pennsylvania to welcome the companies and celebrate the program’s launch.Each team will receive $50,000 in seed capital; coaching from successful tech entrepreneurs; an intense curriculum at the intersection of health care, business, technology and design; free workspace at the Innovation Center @3401 (ic@3401) on the campus of the University City Science Center; and access to people and resources across leading health care organizations, which are typically out of reach to startups.
DreamIt Health will host a reception from 4 to 6 p.m. for the Philadelphia entrepreneurial community at the Wharton School of the University of Pennsylvania in Philadelphia to welcome the companies and celebrate the program’s launch.
The incoming teams are:
- BioBots (Philadelphia, PA): Low-cost 3D printers that support multiple biomaterials for creating biological structures without mutation risk.
- Drop Diagnostics (Philadelphia, PA): Rapid disease diagnosis through detection of signature proteins using carbon nanotubes and microfluidics.
- FlexiSched (Philadelphia, PA): Dynamic scheduling of patients, predicting no-shows and accounting for variable provider productivity and visit length.
- NarrativeDx (Austin, TX): Big data analysis of patient feedback to improve the hospital customer experience and maximize Medicare reimbursement.
- RegDesk (Bear, DE): The leading marketplace for matching biotech and device companies with freelancing regulatory expertise around the world.
- Ristcall (Pittsburgh, PA): Updating the call button with a wearable for inpatients to communicate on-demand with nursing staff.
- Tissue Analytics (Baltimore, MD): Remote management of wound healing through image analysis of mobile-generated photos.
- TowerView Health (Chicago, IL/Houston, TX/Washington, DC/San Francisco, CA): Improved patient adherence to complex, multi-drug regimens using novel “smart” pillboxes.
- TrueClaim (Philadelphia, PA/Jacksonville, FL): Reduction of upcoding and fraud in health care claims submissions.
Last year’s DreamIt Health class brought six promising health care startups from across the country to work alongside four Philadelphia-born startups on a wide range of significant health care issues, including hospital readmissions, cost transparency, health care payments, clinical communications and mobile diagnostics.