Philadelphia-based University City Science Center’s Digital Health Accelerator has unveiled its second class of digital health startups. Only six companies were selected from a pool of 69 applicants via a multi-stage process which emphasized inclusion of women and minority entrepreneurs.
Companies were selected from a pool of 69 applicants via a multi-stage process which emphasized inclusion of women and minority entrepreneurs.The companies accepted to the program include:
- Grand Round Table – which emails primary care providers a daily summary about their scheduled patient follow-ups so they can better manage high-risk patients, keeping them out of the hospital.
- Graphwear Technologies – which has developed the first graphene patch that measures dehydration, glucose, and lactic acid levels from user’s sweat.
- InvisAlert Solutions – uses a wearable device to help care providers monitor patients in institutional settings to improve compliance.
- Oncora Medical – developer of a tool for planning personalized cancer radiotherapy that reduces the incidence of toxic radiation side effects in patients and improves cancer center efficiency.
- One Health Company – helps to enroll ill pets in trials of cutting-edge therapies, improving their wellness and helping to develop new therapies for human medicine.
- Tissue Analytics – transforms the smartphone into a platform for evaluating and measuring things like chronic wounds, burns, and skin conditions.
Startups selected to the program received up to $50,000, professional mentorship, along with networking opportunities with local insurers, pharmaceutical companies, hospitals and research institutions. Also, as part of the 12-month program, companies get membership to the Innovation Center @3401 (ic@3401), which is a partnership between the Science Center and Drexel University, in collaboration with Ben Franklin Technology Partners of Southeastern Pennsylvania and Safeguard Scientifics.
Launched in 2014 by the Science Center, the Digital Health Accelerator is supported by the U.S. Small Business Administration Growth Accelerator Fund, and the Commonwealth of Pennsylvania’s Department of Community and Economic Development. Its first class with seven companies have gone from prototype to commercialization, creating 68 new jobs, generating over $1 million in revenue, and raising almost $9 million in follow-on investment.