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Innovation Hub Announces Participants in HubX-LifeSciences Program

3 min read

In a video released Wednesday, HubX-LifeSciences announced that eight startup companies from around the world will come to Arkansas next month to participate in its health care business accelerator program.

“We’re delighted and honored to have a cohort of health care founders of this quality,” said Jeff Stinson, the director of entrepreneurship at the Arkansas Regional Innovation Hub who also directs HubX-LifeSciences. “We really can’t wait to get these founders to Arkansas and begin working with them.”

The startups were selected after several months of national and international recruitment and vetting.

Each company will receive seed investment as well as mentorship and assistance during a 13-week period, with a substantial portion spent in product trials within Baptist Health. Initial seed investments into the companies will be $50,000 each, and the companies also will qualify for additional back-end investments.

Participants are:

  • Aces Health (Atlanta): The first all-in-one, multi-platform application for clinical trials that keeps patients connected 24/7.
  • Admetsys (Boston): Innovative artificial pancreas for hospital and surgical care, leveraging adaptive learning algorithms and counterbalancing treatment of insulin and glucose.
  • Callie Solutions (Philadelphia): Communication platform that leads to better patient outcomes by supporting patients and their care team; improved efficiency, reduced accidents; leverages existing data sources to save money.
  • Chrona (St. Louis): First mover in noninvasive deep sleep solutions using machine-learning, analytics, and emerging sleep research; delivers restorative and cognitive benefits faster to a U.S. market of 113 million sleep-deprived patients.
  • Linehealth (Boston & Portugal): Connected pill dispenser that helps chronic patients adhere to complex Rx treatment regimens.
  • Practech (San Francisco & Saudi Arabia): Wearable barcode scanners to converge data through hands-free input, output and process.
  • Rubitection (Pittsburgh): Technology developed at Carnegie Mellon University to address limitations of early pressure ulcer assessment with a low cost monitoring tool.
  • Vital Metrix (Huntsville, Alabama): Innovative, patented technology enables sophisticated, non-invasive, essential cardiac monitoring performed in a non-hospital environment.

“This is an amazing opportunity for these entrepreneurs that have been selected,” said Troy Wells, president and CEO of Baptist Health. “It’s exciting to realize that the work we are doing can not only help create a successful company, but also change the way health care is delivered.”

HubX-LifeSciences is designed to support and accelerate the development of new startup companies with innovative solutions to improve health care delivery in Arkansas.

“We are highly impressed with the quality and depth of the HubX—LifeSciences cohort of companies,” said Mark White, president and CEO of Arkansas Blue Cross. “These companies are developing next generation solutions to many of the problems our health system and our members face every day.”

The participating companies were chosen based on their potential to provide solutions in areas including digital health care platforms, health care services and medical devices.

The accelerator will be hosted at the Innovation Hub from April-June 2016. The Innovation Hub is planning to introduce other industry-specific accelerator programs under the HubX name in the near future.

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