By Nadine Kavanaugh, Associate Director, Wharton Entrepreneurship
DreamIt Health Demo Day has gotten a lot of great press, from Philly.com to NewsWorks to Technical.ly Philly, and many more. These plaudits are well deserved: DreamIt Health was the first Philadelphia-based health care accelerator, and by all accounts it was a huge success. Ten health care startup companies participated in this venture, made possible by a collaboration between Independence Blue Cross (IBC), Penn Medicine, and DreamIt Ventures. The more than 300 attendees to the Demo Day on July 24, 2013 included potential investors and customers, mentors, and health care executives.
We at Wharton Entrepreneurship are delighted, and not only because this event was such a terrific demonstration of the robust community of heath care entrepreneurs in the Philly region. We’re proud to point out that the founders of four of the presenting companies and both of the speakers are all Wharton Entrepreneurship alumni, several of whom went through our Venture Initiation Program (VIP)! If that’s not a demonstration of Knowledge in Action, then I don’t know what is.
AirCare, co-founded by George Zeng WG’13 (above) and Rushil Goel WG’13 was a VIP company. AirCare helps hospitals prevent readmissions, improve nurse efficiency, and improve patient satisfaction through customized checklists, risk segmentation, caretaker involvement and telenursing. Watch their presentation.
Co-founded by Eric King C’06 (above) and Kristy Leong C’06/WG’13, VIP company Grand Round Table is an EHR-based decision support tool that helps clinicians benefit from the wisdom of the whole health system at the point-of-care. By pattern matching their cases against a database of millions of deidentified health records, case reports, and medical publications, clinicians using GRT can arrive at the right treatment plan more efficiently. Watch their presentation.
Seratis, co-founded by Divya Dhar WG’14 (above) and Lane Rettig WG’14/G’14, is a patient-centric mobile communication platform, bringing doctors and nurses out of the pager era. Seratis leverages smartphone capabilities to allow healthcare providers to coordinate, track and analyze care across the team, getting patients out of hospital faster.Watch their presentation.
SpeSo Health, founded by Jonathan McEuen PhD’09/WG’13 (above) and Rajiv Mahale WG’13, was another VIP company and a winner of the Wharton Venture Award. It’s an online platform that connects the 30 million patients with rare and orphan diseases with the care providers who are experts for those complex, high-cost conditions. Watch their presentation.
*All company descriptions are taken from DreamIt Ventures.
Brendan McCorkle EMTM’11 (above), DreamIt alumnus and founder of CloudMine, spoke about the both the progress his company has made since DreamIt, and the connection he still has to DreamIt. He went through three venture concepts while in VIP before finally landing on CloudMine, and he was accepted into DreamIt after graduating from VIP.
CloudMine is a mobile middleware platform for enterprises and digital creative agencies that links and unifies disparate sources of data behind the firewall and in the cloud.
Samir Malik C’08/W’08/WG’14 (above), is also an alumnus of DreamIt, founder of 1DocWay, VIP member, and 2nd place winner in the 2012 Wharton Business Plan Competition. He discussed the importance of the network, and how the connection to DreamIt doesn’t end with Demo Day. He did DreamIt the summer before coming to Wharton and is continuing to work on the company while in school.
1DocWay is an innovative Telepsychiatry platform built to better connect hospitals with the patients in and around their community. They offer patients in underserved areas a better experience accessing the care they need while providing hospitals an opportunity to expand their footprint and offer their services to a much broader population base.
Last but not least, neither the accelerator nor the demo day would have happened without Elliot Menschik GR’99/M’00, Managing Partner of DreamIt Health and Michael Levinson W’81, co-founder of DreamIt Ventures. In the words of their own website:
“One hundred and twelve companies have completed their DreamIt cycle gaining access to premier legal and accounting services, mentoring, access to capital, and a creative, rigorous environment. Since 2008, our entrepreneurs have raised over $80 million, appeared on ABC’s Shark Tank, and been selected as finalists at TechCrunch Disrupt.”
With accomplishments like those, they’re entitled to brag a little. And we think Wharton Entrepreneurship is, too. Congratulations to all!