RECAP: Healthtech Virtual Program with Medstartr, March 2020
VentureOut Team | March 2020
No travel? No problem! For the duration of the COVID-19 related travel ban, we have moved our programming to virtual. From March 23rd through 27th of 2020, the VentureOut team worked with Medstartr to power our 2020 one-week Healthtech program, our first ever Virtual Program.
Ten startups from around the world had the chance to come together virtually, learning how to launch and raise capital in the US, all while getting connected with some of the top tech influencers and investors in NYC along the way!
Antiverse is building a world-first computational antibody drug discovery platform to predict antibody-antigen binding and provide antibody drug candidates.
A combination of state of the art machine learning and phage display techniques is used to predict antibodies that bind to a given antigen target with high affinity. The resulting software can then take antigen target sequence, provided by the customer, and do a high-throughput screening of all possibilities of antibody sequences to detect the sequence that will produce a high-affinity antibody for the target. The customer will be provided with the sequences promptly, thus reducing the time typically required for antibody therapeutics discovery by 3 to 18 months.
Clinivantage is redefining the way healthcare stakeholders interact with each other globally by offering a comprehensive healthcare solution, designed and developed for improved healthcare outcomes
DirectShifts is an online marketplace that connects clinicians directly to employers for short term staffing needs (locum tenens) bypassing the need for external recruiters. Using technology, they are making healthcare recruiting much more 1) convenient, 2) transparent and 3) cost-effective for both employers and clinicians. MISSION At DirectShifts, they deeply care about empowering clinicians and hospitals to deliver the best care to their patients. Through DirectShifts' platform, they are eliminating some of the inefficiencies in the healthcare system that prevent a clinician on focusing on what clinicians do best: seeing patients.
Glamo is a cultural diverse on- demand salon app, that provides clients with their own personal stylist in the comfort of their location within minutes of booking.
Founder & CEO Global Products LLC
A healthcare IT company with products for healthcare services. We bring the doctor to the patient through Telemedicine/Videomedicine with connectivity to digital medical devices and Electronic Medical Records solution by connecting digital devices to smartphone using Bluetooth.
Helpsy, is a complete, one-stop supportive care solution and the world’s first and only AI-based Symptom And Navigation (SAN) nurse. It provides hands on tools to patients and health care professionals to decrease treatment disruptions and to improve the quality of life and outcomes, while streamlining clinician workflow.
Helpsy can reduce preventable hospitalizations by helping patients anticipate and manage 500+ symptoms through 20,000+ self-guided recommendations for self-care, mental health, and nutrition, from the comfort of their own home. Helpsy can also connect patients to services that can help them overcome some of the socio-demographic barriers to medical care access (financial, transportation, and support resources), ultimately reducing the rate of appointment cancellations. Helpsy can be accessed on the web, mobile app, phone call, and by SMS.
Our studies have shown that the Helpsy's platform can improve clinical outcomes, increase patient engagement and mood, and save between $5k-$15k in excess costs per patient.
The company aims to become the foremost Next-Gen IoT Healthcare Devices manufacturer and service provider. Currently the Throb is developing an innovative Medical Device which has potential to save lives of Pre-mature Babies. Sarvesh Karkhanis, the Founder of Throb had developed the device as part of his senior capstone project in college. In long term, the company plans to have multiple highly use-case driven innovative IoT-enabled medical devices in the company's portfolio. The company has also planned to create a data platform and protocols for IoT Medical Devices.
VR Diagknowsis aims to create a platform of virtual reality games to help educate sick children on their diagnosis, relay pain and symptom data back to the clinical team, provide pain reduction via distraction and create a platform for peer support. Our main goal is to reframe illness so that instead of feelings of fear and anxiety, sick children have feelings of strength and empowerment.
n*gram health develops customized virtual reality experiences to improve quality of life for seniors, families, and professional caregivers. Building on proven approaches such as reminiscence, music, and pet therapy, professional caregivers guide VR experiences designed to evoke positive emotions, memories, and stories in seniors.
Sessions are analyzed to identify highlights, which are sent to families in the form of interactive timelines of key episodes in their loved one’s lives. n*gram health partners with senior care organizations (e.g. home health agencies) to serve families, and is conducting research toward the goal of becoming an FDA-approved prescription digital therapeutic.
Medstartr is the leading crowdfunding site for medical innovations, contests, and challenges for large healthcare organizations. Medstartr ventures formed to help promising startups get more funding and meet connections in the industry. Helping almost a thousand of products get funded. Now they run events in 25 cities and are deploying capital from their second fund into some of the most innovative and successful startups changing medicine daily. You can join them on their mission online at MedStartr.vc (MedStartr Venture Funds)
Now more than ever, millions of patients around the world are standing up and taking an active role in their health, including supporting the care innovations that matter most to them. MedStartr enables patients, doctors, institutions, partners, and investors to find and fund the best ideas in healthcare and bring them to life.
VentureOut is proud to have had the opportunity to organize multiple Healthtech programs in partnership with MedStartr since 2017.
A One-week Virtual Private Conference:
Our one-week virtual private conference was an opportunity for the most promising healthcare companies selected to become immersed in the health community of New York, meeting virtually with leading startups, corporations, and venture investors.
VentureOut’s mission is to empower entrepreneurs with the education, resources, and connections needed to successfully raise capital and grow their business leveraging on all the opportunities NYC has to offer, and our one-week programs are designed to do just that.
Workshops & Mentoring
Education and Mentoring are the backbones of any VentureOut program. By partnering with thought leaders in key areas, we give our startups an unfair advantage by arming them with best practices used to scale the most successful companies in Silicon Valley.
Our partner Alex Fair from MedStartr gives an overview of the NYC Healthtech landscape.
Brent Lagerman from Condensed explains how to communicate your startup story to investors.
Our Enterprise Sales and Channel Partnerships expert Haithem Elemby explaining how to make in impact in crowded Healthtech markets.
Investor & Company INSIGHTS
We gave our startups an opportunity to chat one on one with some of the top investors and entrepreneurs in the healthtech space in NYC.
Getting insights from Jo Schneier, founder of Trusty.care
Discussing with Adam Dakin from DreamIt Ventures
Meeting with Steve Berman from HitLab
U.S. Expansion Strategy
Scaling a startup means dealing with accounting, legal and sometimes even immigration challenges. Our startups got to hear from our partner lawyers, who run some of the most active venture tech practices in NYC.
Joe Daniels from McCarter and English highlighting common legal issues startups will face during aggressive expansions.
Sam Newbold of CSG attorneys answering specific legal and immigration questions from startups.
The Virtual Demo Day
Our first virtual Healthtech demo day event featured a panel of seasoned venture investors focused on innovations in the sector.
Quake Capital is a unique accelerator focused on making seed level investments in new and early-stage ventures across a wide range of industries. Working closely with key advisers, and tapping into exclusive relationships developed over the last 30 years, our team boasts unparalleled access to the top players in finance, development, manufacturing, and distribution.
Dr. Matthew Rosenberg is working at FundRX as Venture Partner.
Dr. Matthew Rosenberg invests in private and public entities, predominantly in healthcare. He previously founded and sold Opake, a cloud-based SaaS solution to power practice management. Beforehand, he worked at McKinsey & Company, where he advised clients in the payor, provider, medical device and pharmaceutical industries. In addition, he served as an Independent Director of a publicly-traded medical device company. Matthew received his bachelor's Phi Beta Kappa from Harvard and his MD from Yale.
Alex developed a leading healthcare innovation focused crowdfunding site and created a healthcare CrowdChallenge model to help partners and investors crowdsource and market test the best ideas in healthcare. He leads a team of up to 35 professionals in open innovation, product development, and business development programs for clients and sponsors including GE, Pfizer, Takeda, J & J, HHS, Aetna, the American Heart Association, the American Medical Association and over 70 more.
As each founder pitched to investors, the entire NYC Healthtech community was invited join, giving startups an incredible opportunity to network with over 100 industry experts.
See below for a snapshot of our event and our speakers!
WHAT THE FOUNDERS THOUGHT ABOUT THE PROGRAM
A nice testimonial from Joanna Stahl, founder of Go2Practice
“Wanted to say a quick thank you for the “Venture Out” week for not only the participation and inclusion in the group but the sense of focus it provided in a really uncertain time. Stealth startup life always has a level of risk and I was concerned about being part of a “healthcare/medically focused group” and then thrown on top of a global pandemic…. However, it was really great to be a part of the “health is wealth” economy and watching some of the true health care initiatives in action gave a unique perspective to the world at just the right time.
The shift to virtual I’m sure what a enormous feat so kudos to you! It was great to wake up to you and your vision each day and really set up the quarantine lifestyle in a positive way.”
McCarter & English is a law firm of over 400 lawyers in 9 offices throughout North America with a global practice. McCarter’s Venture Capital & Emerging Companies Group, of which partner Joe Daniels is co-chair, focuses on the formation, financing, growth and exit of fast-growth technology, life sciences and consumer companies for both founders and investors.
With great pride borne over 45 years as a regional law firm, Chiesa Shahinian & Giantomasi, formerly Wolff & Samson, continues to advance our client’s legal and business success through in-depth insight and creative solutions. As respected legal and business advisors, our attorneys play an integral role working closely with clients from a diverse range of industries on matters big and small, on a local, regional and national basis.
Rent24 is a co-working community and venture incubator dedicated to digital start-up companies in NYC. They help tech entrepreneurs develop their business in the US or Europe by leveraging their space and support infrastructure.
Clarity PR is an international public relations agency specializing in strategic communications for fast-growth technology companies. The company is known for its strategic approach to PR and its impactful, editorially-driven media relations campaigns. Headquartered in London with offices in New York and Berlin, the Clarity team works with companies ranging from promising new startups to multinational organizations. In 2016, Clarity was ranked among PR Week's Top 150 technology PR firms in the UK.
