DreamIt Health Baltimore 2014 begins with globally sourced startups, adding Kaiser as strategic partner alongside Johns Hopkins University, Northrop Grumman Corporation and BioHealth Innovation.
BALTIMORE, MARYLAND – January 17, 2014 – DreamIt Ventures today announced the slate of nine healthtech startups entering its Baltimore accelerator and the addition of Kaiser Permanente as a strategic partner for the program, joining other industry leaders Johns Hopkins University and Northrop Grumman Corporation and economic development organization BioHealth Innovation.
The cohort of startups, recruited from around the world, will start a four month startup bootcamp that includes seed capital, coaching from successful tech entrepreneurs, workspace, access to resources across leading healthcare organizations, and an intense curriculum at the intersection of healthcare, business, technology and design. The program is designed to help the companies rapidly find product market fit, achieve key business milestones and remove obstacles otherwise in the path of their success in delivering new products and services that target meaningful problems.
DreamIt Health Baltimore builds on the success of an earlier collaboration in Philadelphia with Penn Medicine and Independence Blue Cross. That program was an enhancement and specialization of the accelerators DreamIt has operated since 2008 and which have helped over 125 companies develop, launch and support pioneering technology solutions for a wide range of industries and customers.
A critical element of the DreamIt Health program is the strong relationship and collaboration with industry leaders that helps shape the startups’ product design and who often become their strategic partners and first customers.
Kaiser Permanente, globally renowned for its successful blend of payer and provider organizations and effective use of health IT, is the latest high profile partner to join the DreamIt Health team.
“We look forward to working with these very promising new healthcare technology companies where we can provide access to industry leading health professionals and a real world laboratory to test the usability and effectiveness of next generation technology solutions” said Kim Horn, President, Kaiser Foundation Health Plan of the MidAtlantic States, Inc. “From the development and deployment of Kaiser Permanente HealthConnect®, our universally acclaimed electronic medical information system, expansive use of telemedicine providing people access to quality care wherever they may be, and our continuing investment in 21st century facilities, Kaiser Permanente has shown how the skillful application of technology improves health outcomes while bringing down the cost of care.”
The companies were selected with an emphasis on those tackling significant problems, with sizable market opportunities, exceptional teams and demonstrated progress to date. Three of the companies hail from overseas, joining another from Pittsburgh and five more from Baltimore itself. The companies are:
Aegle (Baltimore): Wearable biometric devices
Avhana (Baltimore): Nextgeneration clinical decision support for the electronic health record
Cognuse (Talinn, Estonia): Cognitive rehabilitation of stroke and traumatic brain injury patients through mobile games
EMOCHA (Baltimore): Mobile capture of data for medication adherence and clinical trials
Protenus (Baltimore): Digital management of patient consent and other administrative workflows
Respi (Athens, Greece): Smartphonebased spirometry and respiratory data platform
Patient Feed (Pittsburgh and New York City): Collaboration tool for inpatient care
Phobious (Barcelona, Spain): Treatment of behavioral health issues through mobile, augmented reality
The Smartphone Physical (Baltimore): Integration and distribution of clinically relevant mobile health devices
Beyond DreamIt Ventures, Kaiser Permanente, Johns Hopkins University and Northrop Grumman, the companies and the program are supported by a wide range of economic development agencies and leading law firms including BioHealth Innovation, the Economic Alliance of Greater Baltimore, the Maryland Department of Business and Economic Development, DLA Piper, Duane Morris, Saul Ewing, and Venable.
About DreamIt Ventures
DreamIt Ventures is a seed stage accelerator and start-up fund, with the goal of helping exceptional teams build exceptional companies. DreamIt provides aspiring entrepreneurs with access to seasoned entrepreneurs and subject matter experts to help them validate and de-risk their ideas; a uniquely assigned, seasoned entrepreneur as a mentor; pre-seed funding; top tier accounting and legal services, a rigorous and creative working environment, and access to capital. DreamIt was founded in 2008 by three successful technology entrepreneurs who want to create the same type of opportunities that they were fortunate to have had themselves for the next wave of entrepreneurs. Since kicking off in Philadelphia with their traditional accelerator program, DreamIt has expanded to Austin, Baltimore, New York, and Israel; built a thriving healthtech accelerator program, been named the third best accelerator program in the world by Forbes Magazine in 2012; and launched 127 companies with an enterprise value greater than $415M, including: SCVNGR, Parse,ly, SeatGeek, Adaptly, MindSnacks, ShowMe, AppAddictive, LearnBop, Take The Interview, Cloudmine, Versa, SnipSnap, Charlie, Cloudamize, Vantageous, Reactor, PeerActive, TrendKite and Biomeme. DreamIt alumni have collectively gone on to raise more than $110M in follow on funding. More information about DreamIt Ventures is available online at www.dreamitventures.com, or via email at firstname.lastname@example.org
About Kaiser Permanente of the MidAtlantic States
Kaiser Permanente of the MidAtlantic States region, headquartered in Rockville, Maryland, provides and coordinates complete health care services for almost 500,000 members through 29 medical centers in Maryland, Virginia, and Washington, D.C. Founded in 1980, Kaiser Permanente of the MidAtlantic States is a total health organization comprised of Kaiser Foundation Health Plan of the MidAtlantic States, Inc., and the MidAtlantic Permanente Medical Group, P.C., an independent medical group that features approximately 1,000 physicians who provide or arrange care for patients throughout the area. Kaiser Permanente of the MidAtlantic States is considered one of Maryland’s “Top HMOs,” according to the Maryland Health Care Commission. The health plan was ranked in the nation’s 20 top commercial health plans and 10 top Medicare health plans — and the No. 1 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 MidAtlantic States, visit kp.org or follow us on Twitter, twitter.com/KPMidAtlantic.
About Johns Hopkins
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 www.northropgrumman.com for more information.
About BioHealth Innovation, Inc.
BioHealth Innovation, Inc., is a regional innovation intermediary focused on commercializing market relevant biohealth
innovations and increasing access to early stage funding in Maryland. Learn more at www.biohealthinnovation.org.
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Gavin Skillman, Launch Squad, 212.564.3665 (office), email@example.com
Beverlie Brinson, Kaiser Permanente, 301.816.6436, Beverlie.Brinson@kp.org