These 8 Startups Landed a Spot in Dreamit Health’s Spring 2017 Cohort

Image via Pixabay.

Image via Pixabay.

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.  Read more »

Dreamit Health Gets $325,000 Grant

dreamit logoWith its high costs and confusing insurance policies, the health care industry is ripe for disruption. Who better to do that than young, energetic startup companies?

Dreamit Health certainly thinks that a little startup energy will go a long way in reshaping health care, and on Thursday, announced that it received a $325,000 grant from Blackstone Charitable Foundation.

Dreamit Health is an offshoot of Dreamit Ventures and was developed in collaboration with Penn Medicine and Independence Blue Cross. It serves as an accelerator to help high-potential health care startups develop their businesses — offering funding, mentorship and access to customers and investors. Its most recent class included a mouthpiece that detects concussions and a patch that analyzes sweat to test for dehydration. Read more »

DreamIt was Second-Most Active Health Care Investor in 2015

At a recent Dreamit health demo day, Saurabh Radhakrishnan introduces us to GraphWear, a smart sweat patch.

At a recent Dreamit health demo day, Saurabh Radhakrishnan introduces us to GraphWear, a smart sweat patch.

Whether it’s a mouthpiece that detects concussions, pill bottles that blink when it’s time for patients to take medicines or wearables that track diseases, health care technology is an exploding industry — and Philadelphia is at the center of it all.

In fact, Philly’s Dreamit Ventures (through its offshoot Dreamit Health) was the second-most active health care investor in 2015, according to new research from CB Insights. (No. 1 was the highly touted Silicon Valley-based seed accelerator, Y Combinator.) DreamIt and Y Combinator were the only investors to finance more than 10 unique digital health companies this past year — with DreamIt making deals with companies like Redox, Oncora Medical and CareCierge.

For 2016, Dreamit has $1 million earmarked for investments in health care tech. To date, Dreamit has invested more than $3.1 million in health care companies that have participated in its program and those companies have raised nearly $12.3 million in additional capital, the company reported. Read more »

A Mouthpiece that Detects Concussions and More Local Health Care Innovations

Saurabh Radhakrishnan introduces the crowd to GraphWear.

Saurabh Radhakrishnan introduces the crowd to GraphWear. (Photo by Bryan Karl Lathrop/Courtesy of DreamIt.)

Health care is at a crossroads and all players in the market basically want the same three things: Increased access to care, lower costs and better results. So plenty of companies are looking for innovations in new places — like startups companies. So DreamIt Health (an offshoot of Philly-based DreamIt Ventures) offers a select group of startups $50,000 in seed capital, coaching by hand-selected mentors, free workspace, legal counsel and access to resources in the health care space.

The most recent DreamIt Health innovations were on display Monday at the Demo Day. Read more »