Last week, the latest cohort of healthtech startups at DreamIt took the wraps off their products and shared the significant business milestones they’d achieved in their 15 weeks in the DreamIt Health Philadelphia 2014 program.
In attendance were over 300 investors, industry leaders, members of the press and the larger startup and tech community who had the opportunity to see first-hand what can be accomplished when great teams are equipped with the resources they need to target significant problems and develop their ideas into scalable, fundable companies. Check out photos from Demo Day here.
These companies had the opportunity to work closely with Independence Blue Cross and Penn Medicine, our strategic partners in Philadelphia, to refine their products and launch in some of the most demanding healthcare environments in the world. Access to clinicians, executives, subject matter experts and been-there-before, done-it-before entrepreneurs-turned-coaches is the hallmark of the DreamIt program. The DreamIt Health teams also received $50,000 in investment during the program, and they have access to an additional $250,000 in funding from DreamIt Ventures after the completion of the program.
Attention all entrepreneurs… applications for DreamIt Philadelphia 2015 are now open! We’re extremely excited to bring back the DreamIt Philadelphia program for another year.
DreamIt’s three-month accelerator program clears the way for the brightest high-potential teams to hone their ideas and focus on developing and executing the strategies that will create long-term business success. With an eye toward building a solid business foundation, DreamIt encourages and supports portfolio companies in looking beyond quickly building their products to eliminating risk from their business models, building important relationships and acquiring paying customers. This proven methodology has helped to launch over 150 companies that have gone on to raise over $185 million in follow-on funding, and combined are now worth more than $525 million. DreamIt will draw applicants from all over the country and the world to Philadelphia for the three-month program. Past DreamIt Philadelphia classes have included companies from Israel, Australia, Taiwan and more!
Governor Tom Corbett and the Pennsylvania Department of Community & Economic Development award $491,930 grant to DreamIt Ventures to start the program in Philadelphia
PHILADELPHIA – November 5, 2014 – DreamIt Ventures today announces the launch of DreamIt Athena, its accelerator track focused on providing female startup founders hands-on support to hone their ideas, develop strategies, and turn their ideas into scalable, fundable companies. This is the first program run by a top-tier startup accelerator that focuses specifically upon providing women the resources needed to build their companies.
“All the dialogue in the press has been about the problems female entrepreneurs face. We’re not just talking about it – we’re actually implementing a solution. In many cases, access to a valuable network, mentors and early-stage capital are the critical resources that are largely unavailable to aspiring female founders,” says Karen Griffith Gryga, DreamIt managing partner. “We see a huge opportunity for women-founded startups, and we want to change the conversation.”
Gov. Corbett and the Pennsylvania Department of Community & Economic Development’s Discovered in PA — Developed in PA (D2PA) program have awarded DreamIt a $491,930 grant to fund the program. The DreamIt Athena track will begin running during DreamIt Philadelphia 2015.
BY STEPHANIE BAUM via MedCity News
Data seems to spill out of so many parts of healthcare, but in many cases it is tough to use it to great effect because the data is in a format that doesn’t easily lend itself to highlighting problems or figuring out solutions. Some of the companies that make up DreamIt Health’s third accelerator class took different approaches to surmounting this challenge and they were on display at its demo day this week.
The move to link reimbursement with patient satisfaction scores has meant hospitals are paying more attention to the patient experience in their hospitals. But the downside of these scores, as NarrativeDx sees it, is that simply ranking various aspects of their care varying levels of good or bad positive or positive or negative only tells part of the story. A poor score on nurses’ listening skills offered no context behind it. So the health IT company developed a way to include that information with natural language processing. The effect, as one case study suggests, is of painting a picture between two dots.
BY DANIEL J. HILFERTY AND RALPH MULLER via Philadelphia Business Journal
The Philadelphia region is well known for its world-class hospitals and doctors. Now, the region is also emerging as a nationally recognized magnet for health care innovation.
This type of transformation requires not only fresh thinking, but also a willingness to move rapidly and partner with others to execute new ideas and develop groundbreaking innovations. Although an insurer and a health system may seem strange bedfellows to some, Independence Blue Cross and Penn Medicine have long taken just such a forward-thinking, collaborative approach to harnessing innovation to improve health care and draw health care start-ups to our region.
DreamIt Ventures, Independence Blue Cross and Penn Medicine host event to showcase healthtech companies’ achievements during the startup accelerator program
PHILADELPHIA – October 21, 2014 – Some of the most promising startup teams in healthtech will pitch their companies to an audience of several hundred investors, industry leaders and potential customers at DreamIt Health Philadelphia Demo Day (#DreamItHealth) on Thursday, October 30 from 9 a.m. to 2 p.m. at World Cafe Live in Philadelphia.
These teams have spent the last four months participating in the DreamIt Health Philadelphia 2014 accelerator program, where they’ve received hands-on support and resources to develop their ideas into scalable companies with high-growth potential. At Demo Day, each team will have seven minutes to share their progress and present key business milestones and plans for future growth. Continue reading →
Managing Director Mark Wachen will be speaking as part of the Rockefeller Business Entrepreneurship and Leadership (RBEL) series in which Dartmouth University brings in alumni entrepreneurs to share their entrepreneurial journeys and stories.
Date: Wednesday, Oct 22, 2014
Time: 7:15-8:15pm ET
Location: Rockefeller Center – Room 209, Hanover, NH
More info: http://dartmouth.edu/events/event?event=31451#.VDhbpCldWXg
Managing Director Andrew Ackerman will be participating as a panel member during this discussion on leaving corporate jobs for the startup world.
Date: Tuesday, Oct 21, 2014
Time: 6:30-8:30pm ET
Location: WeWork, 25 Broadway, 9th Fl, New York, NY
Calling all healthtech entrepreneurs: DreamIt Health is returning to Baltimore, and applications are now open!
We’re looking for strong teams who are fanatical about solving significant healthcare industry problems by combining relentless business execution, inspired design and software or hardware.
During the four-month accelerator program in Baltimore, your team will hone your ideas and achieve key business milestones to turn your startup into a scalable, fundable company that can change the face of the healthcare industry. The DreamIt team will work closely with you to foster rapid growth by providing you with funding, mentorship, intense coaching and access to opportunities rarely in reach for healthtech startups.
Participants can expect the opportunity to work closely with some of the leading medical institutions in the world, including Johns Hopkins Medicine and the University of Maryland. Other key support comes from the Abell Foundation, BioHealth Innovation and the Economic Alliance of Greater Baltimore.
Today marks the beginning of Austin Startup Week! Started in 2011, the week consists of five days of events celebrating Austin startups, the organizations and meetups that support them, and all the awesome people that make them happen. DreamIt Ventures is participating — come meet up with us to learn more about our upcoming accelerator programs.
Austin Startup Week: DreamIt Accelerator Alumni Chat
A panel of four DreamIt alumni will be discussing how to get the most out of an accelerator program — DreamIt partners will also be in attendance to answer any questions you have about the upcoming DreamIt Austin cycle!
Dates: Thursday, October 9, 10-11am CDT
Location: DreamIt panel at DLA Piper, 401 Congress Ave, Suite 2500 Austin, TX 78701
Register to attend: http://bit.ly/1pHdw5S
Austin Startup Crawl: DreamIt Ventures Stop
DreamIt CEO Kerry Rupp will be hosting an event-stop during one of the week’s main events: the Austin Startup Crawl hosted by Capital Factory!
Dates: Thursday, October 9, 5-10p CDT
Location: 411 Brazos #222, Austin, TX 78701
RSVP to attend: http://bit.ly/ZOfTy4