Archive | mHealth funding

iMerciv Winner of $100,000 TELUS Pitch Small Business Competition

At a live event at TELUS Harbour in Toronto this week, TELUS announced the winner of the TELUS Pitch, a small business competition that awarded $100,000 to one entrepreneur to fuel their company’s growth.

After shortlisting to three incredible finalists, iMerciv Inc. was ultimately announced as the grand prize winner.

Dedicated to improving the confidence and independence of individuals living with vision loss, iMerciv Inc. works to create smart wearable technologies that improve the overall quality of life of the blind and partially-sighted.

Bin Liu, CEO and Co-Founder of iMerciv, pitched his business along with nearly 3,000 other entrepreneurs, many of whom delivered their pitch in a life-size travelling TELUS Pitch elevator at small business conferences across the country. Liu is an engineer by trade and was inspired to found the company following his father’s vision loss and diagnosis of inoperable glaucoma.

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BaseHealth, TriVita Launch Personalized Wellness Care

BaseHealth Partners With Patronus MedicalBaseHealth, a predictive analytics company for healthcare, today announced a partnership with TriVita, a leading North American health and wellness company.

Through the partnership, we’re told that BaseHealth’s comprehensive assessments will power TriVita Shield, a new personalized wellness program.

The TriVita Shield wellness program will be introduced to its core market of over 300,000 members this July. It will then be featured in a multi-channel advertising campaign for the US and Canada rolling out in the fall of 2016.

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Qualcomm Reportedly Pouring $150 Million into Indian Startups

Qualcomm Reportedly Pouring 150 Million into Indian StartupsPublished reports Monday indicate that Qualcomm plans to invest some $150 million in Indian startups.

The news follows recent meetings between Indian heads of state and company executives.

According to Medianama, Qualcomm will invest in IOT startups, but few other details are known, particularly with regard to which startups.
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mPulse Mobile Announces $1.7 Million of New Funding

mPulse Mobile Announces $1.7 Million of New FundingOn Wednesday, mPulse Mobile — a mobile experience-management company focused on consumer health and wellness — confirmed in a statement to the media that it recently wrapped up a $1.7 million investment round (pre-series A) lead by OCA Ventures.

According to a statement from the innovative company, this funding “will enable mPulse to continue its organic growth and expand the sales and client support teams to further support its leadership in delivering mobile population health and member engagement solutions to health and wellness companies.”

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Venture Capital Funding For Digital Health And Health IT Drops In The First Quarter Of 2015

Venture Capital Funding For Digital Health And Health IT Drops In The First Quarter Of 2015Digital Health and Health IT are two industries that have raked in an impressive amount of venture capital in the past several years. Categories within these industries are either new, or have drastically changed in the last decade.

Since both industries are increasingly in demand, Digital Health and Health IT have been generating billions of dollars in capital over the last several years, says a new report from Mercom Capital Group. However, VC funding for both Q4 of 2014, and Q1 of 2015 has dropped significantly. In Q4, funding dropped by almost 35 percent. In Q1 of 2015, VC fundraising came in at $1.8 billion.

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Report: Health Startups Fail Due to Payment Models

Report Health Startups Fail Due to Payment ModelsCasper de Clercq, a partner at Northwest Venture Partners, recently told VentureBeat that 60-70% of digital health startups “are likely to fail because they are unclear about their go-to market strategy, and don’t have a good understanding of who’s ultimately going to pay for their product.”

As deductibles rise, there’s an expectation that consumers will take on more healthcare expenses, but that’s not the case. Providers, payers, and employers are the primary customers for startups.

In evaluating startups’ solutions you should ask “Who cares about this? Is it actionable? Is the person who cares about it going to pay for it?” A customer’s return on investment needs to happen quickly, within 12-18 months, while providers have a longer timeframe, 2-3 years.

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Funding Grows for Digital Healthcare Startups

Funding Grows for Digital Healthcare StartupsAccording to new report from Accenture, startup funding for digital healthcare is expected to double in the U.S. from $3.5 billion in 2014 to $6.5 billion in 2017.

“A digital disruption is playing out in healthcare that will change social interactions, alter consumer expectations and, ultimately, improve health outcomes,” said Dipak Patel, managing director of Accenture’s patient access initiatives. “This momentum will be sustained if digital healthcare start-ups apply capabilities that create a seamless patient experience and result in both medical cost savings and improved outcomes.”

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