After 4-month accelerator, startups demonstrate the impact of capital, coaching and access to rarefied resources
BALTIMORE April 29, 2014 – DreamIt Ventures, the Johns Hopkins University and John Hopkins Medicine, Northrop Grumman Corporation, BioHealth Innovation and Kaiser Permanente, are hosting Demo Day for the cohort of healthtech startups that spent the last 16 weeks in the DreamIt Health Baltimore accelerator program. The event will be held tomorrow, April 30, 2014 from 11 a.m. to 3 p.m. at the Sheikh Zayed Auditorium (2119A) at the Johns Hopkins Hospital, 1800 Orleans St., Baltimore, MD. The presenting companies will have the opportunity to briefly share their progress and future plans before an audience of several hundred investors, industry leaders, potential customers, members of the press and other colleagues. A webcast of the event will be broadcast through the Johns Hopkins UStream channel here.
“Demo Day is our capstone event, literally giving our portfolio companies a platform from which to share their stories, accomplishments to date and their roadmap for the future before a select audience of potential investors, partners and customers,” said Elliot Menschik, Managing Partner of DreamIt Health.
The DreamIt Health Baltimore accelerator program began in mid-January and was designed to help the companies achieve one or more major business milestones in a compressed period of time by removing obstacles and giving them access to resources typically out of reach to startups. The companies received access to key individuals and resources at Johns Hopkins, Northrop Grumman, and Kaiser Permanente, who helped the companies further explore their solutions and develop relationships critical for launching their products in real-world situations.
DreamIt Health Baltimore 2014 includes the following startups:
Aegle is developing a wearable device that measures multiple vital signs from a single location with applications in a variety of sectors.
Avhana Health integrates with electronic medical records at the point of care to guide providers to follow industry best practices, improving outcomes and enabling them to capture more revenue.
Cognuse helps stroke and brain injury patients to recover faster through a mobile tests, rehabilitation plans and serious games.
emocha is a mobile health platform for remote patient management that improves patient adherence with prescribed regimens and to enable major public health initiatives in the US and abroad.
Protenus helps hospitals protect patient privacy by detecting and preventing data breaches by insiders.
Respi is developing a mobile spirometer and data management platform to bring the promise of personalized medicine to millions of respiratory disease patients.
PatientFeed is a mobile application that enables inpatient physician-teams to collaborate and coordinate care, saving time and reducing medical errors.
Phobious helps people overcome their fears and anxieties through virtual and augmented reality on mobile devices.
Quantified Care helps medical professionals adopt and get the most out of the exploding number of mobile medical devices from EKGs to ophthalmoscopes.
DreamIt Ventures and its strategic partners selected the companies in the program based on the strength of their founding teams, the market potential of their solutions, and their progress prior to entering the program. Startups selected to participate in DreamIt Health programs receive $50,000 in seed funding, coaching from exited entrepreneurs and industry, and access to key people and resources across the industry to develop relationships, strategic alliances and real-world implementations of their solutions. Additionally, the companies received free workspace at Bond Street Warf in Fells Point and donated counsel from four of the region’s leading law firms: DLA Piper, Duane Morris, Saul Ewing, and Venable LLP.
Beyond DreamIt Ventures, Johns Hopkins University, Northrop Grumman, and Kaiser Permanente the companies and the program are supported by a wide range of economic development agencies and leading law firms including BioHealth Innovation, the leading organization responsible for transforming the Central Maryland region into a leading global bio-health entrepreneurial and commercialization hub; the Maryland Department of Business and Economic Development and the Economic Alliance of Greater Baltimore
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About DreamIt Ventures
DreamIt Ventures helps exceptional people build exceptional companies. We believe that if you create a community of entrepreneurs working side-by-side on their various companies, strip away as many impediments as possible, and make as many resources available as possible, some magic can happen in a short period of time. DreamIt operates accelerators in New York, Philadelphia, Austin, Baltimore and Tel Aviv. Since its founding in 2008, DreamIt has launched 145 companies including: Adaptly, LevelUp, Parsely, SeatGeek, MindSnacks, SnipSnap, Reactor, Peeractive, TrendKite and Biomeme. More information about DreamIt Ventures is available at www.dreamitventures.com, or via email at info@dreamitventures.com.
About The Johns Hopkins University
The Johns Hopkins University is a global leader in discovery, education and professional practice, dedicated since 1876 to putting knowledge to work for humanity. Johns Hopkins was established on what was then a revolutionary idea, that universities must do more than teach the collected wisdom of the past. Founding President Daniel Coit Gilman argued that they must also advance human knowledge and apply that knowledge for the common good. Gilman’s philosophy guides today’s Johns Hopkins, where faculty and students are partners in learning and discovery. Together, they explore what makes us human culture and society, art and literature, life science, health and medicine. Together, they study what drives the universe in which we live. Together, they learn how to use their knowledge to make tomorrow better.
About Northrop Grumman
Northrop Grumman is a leading provider of health IT solutions and services, supporting the continuum of health and human services for federal civilian, military, state, local and international customers. Through the integration of health expertise and information technology, the company supports national health goals to enhance benefits systems solutions, increase the quality and efficiency of health care and improve the health of the population. Additional details are available at www.northropgrumman.com/healthit. Northrop Grumman is a leading global security company providing innovative systems, products and solutions in unmanned systems, cyber, C4ISR, and logistics and modernization to government and commercial customers worldwide. Please visit http://www.northropgrumman.com for more information.
About Kaiser Permanente of the Mid-Atlantic States
Kaiser Permanente of the Mid-Atlantic States region, headquartered in Rockville, Maryland, provides and coordinates complete health care services for more than 500,000 members through 29 medical centers in Maryland, Virginia, and Washington, D.C. Founded in 1980, Kaiser Permanente of the Mid-Atlantic States is a total health organization comprised of Kaiser Foundation Health Plan of the Mid-Atlantic States, Inc., and the Mid-Atlantic Permanente Medical Group, P.C., an independent medical group that features more than 1,000 physicians. Kaiser Permanente of the Mid-Atlantic States was ranked in the nation’s 20 top commercial health plans and 10 top Medicare health plans — and the No. 1 Commercial and Medicare plan for Maryland, Virginia, and Washington, D.C. — by “NCQA Health Insurance Plan Rankings 2013-2014 Private.” For more information about Kaiser Permanente of the Mid-Atlantic States, visit kp.org or follow us on Twitter, twitter.com/KPMidAtlantic.
About BioHealth Innovation
BioHealth Innovation, Inc., is a regional innovation intermediary focused on commercializing market-relevant bio-health innovations and increasing access to early-stage funding in Maryland. Learn more at www.biohealthinnovation.org.
About Economic Alliance of Greater Baltimore (EAGB)
The Economic Alliance was created to serve as a not-for-profit economic development organization led by a partnership of regional business executives, elected government officials and leaders from higher education focused on fostering business retention and development, job creation, workforce development and new investment throughout the Greater Baltimore region. For more information, visit www.GreaterBaltimore.org.
About Maryland Department of Business and Economic Development
The Maryland Department of Business and Economic Development stimulates private investment and creates jobs by attracting new businesses, encouraging the expansion and retention of existing companies, and providing workforce training and financial assistance to Maryland companies. The Department promotes the State’s many economic advantages and markets local products and services at home and abroad to spur economic development and international investment, trade and tourism. Because they are major economic generators, the Department also supports the Arts, film production, sports and other special events. For more information, visit www.choosemaryland.org.
Media Contact
Dana Rygwelski
DreamIt Ventures
424.235.0746
dana@dreamitventures.com
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