Great Success For Innovate Health Tech NYC Demo Day
The day: July 10th; The place: the cozy SoHo WeWork Lounge; The event: the inaugural Innovate Health Tech NYC Demo Day, the culminating event of a year-long competition created by the New York City Economic Development Corporation (NYCEDC) and supported by Health 2.0, StartUp Health, ChallengePost, and Janssen Healthcare Innovation (our sponsor). It was an exciting night for the 10 finalists who had made it through several rounds of judging to qualify to compete for the $50,000 in prizes. The group of 10 would be whittled down to 3, winning prizes that ranged from $10,000 to the grand prize of $25,000.
Health 2.0 Senior Vice President, Jean-Luc Neptune, opened the event by introducing the competition and describing the journey that led to the celebratory event. Eric Gertler, Executive Vice President and Managing Director of the Center for Economic Transformation, discussed NYCEDC’s Eds and Meds program and the goal to make New York City the nation’s hub for health technology. David Tripi, Partner at Janssen Healthcare Innovation, spoke about Janssen’s work in the health tech space. Finally, Cyrus Massoumi, CEO of ZocDoc, imparted a few words to encourage the contestants and provide a window into their journeys as early-stage entrepreneurs.
With the introductions complete, the event proceeded with presentations from the finalist teams, with an esteemed panel of ten judges sitting front row, ready to hear their pitches. They were not disappointed. The presentations began with Health Recovery Solutions, who showed off their patient readmission solution, moved seamlessly to Addicaid, an app that supports addiction recovery, and then on to SIPPA HEALTH, a secure health information transfer technology. Balance for Alzheimer’s Caregivers and OurDailyRx, unique consumer facing projects, were designed to help caregivers manage the health of their loved ones. FORCE Injury Packs and Fitronix were two projects made specifically for patients and physical therapists looking to improve physical therapy.
The highlights of the night came from the three winners. AdhereTech’s wireless pill bottle for medication adherence won Third Place and $10,000. Oculogica’s low cost software-based concussion diagnostic tool won Second Place and $15,000. Finally, Kinsa’s battery-less smartphone-connected thermometer won $25,000 and the title of Grand Prize Winner of the Innovate Health Tech NYC Challenge.
This grand collaboration of key players in NYC’s rapidly growing health tech sector points to great things in the future. Congratulations to all participants in the challenge! We look forward to seeing you all at Innovate Health Tech NYC Demo Day 2014!