DreamIt Health, a new Philadelphia-based, health-focused chapter of incubator DreamIt Ventures, has announced its first class of ten startups. Independence Blue Cross (IBC) and Penn Medicine are sponsoring the class and Venturef0rth is providing the working space for the companies. The new accelerator was launched in December 2012.
The startups will be provided with up to $50,000 in funding, office space, mentoring, and resources for developing and testing health-related products. The incubator will last four months, and companies will receive coaching from both entrepreneurs and health care executives. DreamIt Ventures has launched 80 companies over the past four years, including one health-related startup, 1DocWay. Supporting sponsors include global professional services company Towers Watson, and law firms Morgan Lewis, and Pepper Hamilton.
In the FAQ section on DreamIt's website, the company discusses the need for another health-specific incubator, explaining the health-specific resources DreamIt will provide startups.
"For startups to be successful in healthcare, they need access to unusual resources typically out of reach – from ... EMR systems to integrate with to big data sets of protected health information. In partnering with titans of industry such as Penn Medicine and Independence Blue Cross, we are opening up these resources to our companies," the FAQ reads.
Here are the ten startups:
AirCare is developing an online and mobile app that will use video tele-nursing and patient analytics in an attempt to lower readmissions and improve patient outcomes.
Biomeme is focused on creating a point-of-care molecular diagnostic device that is low-cost and mobile, to help clinicians and epidemiologists track infectious diseases in near-real time with smartphones.
Fitly is an app that promotes healthier eating for kids with gamified mechanics. Families compete against one another to earn points by eating healthier foods, and Fitly provides meal plans, grocery lists, and even discounts. Winning families can win prizes up to and including cars and vacations, according to the company's website.
Grand Roundtable facilitates crowdsourcing for complex patient treatment solutions within a group of professionals, and provides doctors with easier means to compare patients' electronic records to a database of similar patients from around the world.
Medlio is an app that acts as a smart health insurance card, offering patients up-to-date information and providers more accurate front-end cost estimates.
OnShift is developing a physician messaging platform for clinicians caring for the same patient which also incorporates care analytics.
Osmosis is a web and mobile platform that uses a social learning framework to educate medical students, better preparing them to acquire and retain knowledge.
MemberRx leverages electronic health records to reduce the cost of pharmaceuticals by choosing the best generic or branded drug for a specific patient n a specific case.
SpeSo Health is an analytics platform connecting patients with rare or complex diseases to online second opinions about their treatment or condition.
Stat is a service aiming to speed up patient transport and lower costs by matching providers and payers with idle transportation resources.