Dreamit Health recently announced its spring 2017 cohort of startups, and it’s medley of eight impressive early stage companies from all around the world.
The new group represents Dreamit’s 22nd cohort, and this cycle represents the accelerator’s fifth year in partnership with Penn Medicine and Independence Blue Cross. The selected startups are addressing everything from the patient experience to the medical workflow.
The 14-week program will kick off with six weeks of business model refinement when the companies will work closely with Dreamit managing directors to get in shape for their next round of funding. The companies will then put their innovations to the test with two weeks of face-to-face customer immersions. They’ll get the chance to pitch and receive feedback from national healthcare giants like Blue Cross, Merck, Penn Medicine, and Digitas Health. To wrap up the program, the startups will engage in a Philadelphia Demo Day and then take part in a two-week, bi-coastal investor roadshow.
“The Dreamit program shortens the sales cycle for startups and creates momentum that leads to more customers, which in turn leads to a much higher rate of raising follow-up on rounds of financing,” said Dreamit CEO Avi Savar. “Selling to health enterprise is about relationships, and Dreamit helps startups build bonds with healthcare executives in a very condensed time.”
Here are the eight startups in Dreamit’s 2017 spring term:
- Biorealize, a Philly-based startup, is developing Microbial Design Studio, a machine that helps biologists test genetically modified organisms.
- Citus Health is building a workflow automation and remote patient support platform that can eliminate call centers in home healthcare.
- Bluedrop Medical, all the way from Ireland, is developing a cloud-based device that can help people with diabetes monitor and scan for foot ulcers.
- Hailing from the UK, Marmo Health is working on a mobile messaging app for patient support groups.
- Kaizen Health wants to help streamline non-emergency transportation on their platform by connecting patients to transportation services like Lyft for their healthcare appointments.
- Cylera’s cybersecurity machine learning hardware is being developed to protect medical devices from cyber attacks.
- To help reduce medical errors, Tine Health designs training content for nurses about medical devices and procedures on their mobile platform.
- Group K Diagnostics, lead by a team of Philadelphia-based medical professionals, offers point of care diagnostics that can provide multiple results from one patient sample within 30 minutes of less. The results can be read on a smartphone or desktop app or with a comparison paper guide.
The eight startups will be hosted at Dreamit Health’s Philly offices, and they’ll have access to the space for all of 2017. And as Dreamit announced in early 2016, the startups have the option to reject the accelerator’s seed funding in order to keep their equity.
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