XLerateHealth, (www.xleratehealth.com), a Louisville-based accelerator for early-stage healthcare companies, announced it has selected seven companies to participate as part of its incoming third cohort. The accelerator’s 13-week intensive program will begin August 3, 2015 and run until “Demo Day” on October 29, 2015. Selected companies include:
iClinical (San Francisco, CA) is a real-time data aggregation and analytics platform for clinical trials. The real-time trial insights and built-in collaboration tools allow faster issue resolution and decision-making, so that life-saving drugs get to the market sooner and at a lower cost.
iPillBox (Louisville, KY) is a mobile pill organizer that streamlines complicated medication schedules for patients and allows caregivers and physicians to monitor compliance securely. iPillBox enables providers to access real-time data through a secure web-application so that they can proactively manage medication compliance issues.
Inscope Medical Solutions (Louisville, KY) has developed a Wi-Fi enabled multi-purpose, disposable laryngoscope that optimizes airway intubation by integrating several devices into one easy-to-use device. This innovative technology addresses a $1.2B laryngoscope market and will improve this high-risk procedure’s speed, effectiveness and safety.
MedUX (Toronto, Canada) revolutionizes surgical workflow by bringing the surgeon, direct, tactile control over digital case data while in the operating room’s sterile field. For the first time, surgeons can easily access the data they need, where they need it most.
NormaLyte (Louisville, KY) is a clinically proven sugar-free oral rehydration salt product specifically created by pharmacists to quickly and effectively treat dehydration without the salty taste of competitors’ products (e.g.: Pedialyte) and without the hydration efficiency loss of sugar-based hydration products (e.g.: Gatorade). The proprietary formula is based on the World Health Organization’s recommended formula, which has undergone extensive evaluation and testing by the scientific community. NormaLyte is much more easily consumed by patients, athletes, etc. than salty alternatives which are compliant with the WHO sugar-free standard.
SYSGenomics (Granger, IN) provides molecular diagnostic tests to enable cancer patients and their oncologists to select the most effective treatment strategy. SYSGenomics takes the guesswork out of cancer treatment.
Trajectory Healthcare (Loveland, OH) is a population health analytics solutions company that helps evaluate, improve and design population health management programs. Using its patented analytics engine and easy to use software, Trajectory transforms how customers see and manage their population health data, helping them make better clinical and financial decisions.
“We have a stellar set of teams, many of which have seasoned founders/entrepreneurs,” said Bob Saunders, XLerateHealth’s chairman and co-founder. “We are extremely excited to begin helping these companies gain valuable insight through customer discovery and customer pilots which allow them to refine their business models based on intimate knowledge of customer pain points and market needs in order to ultimately accelerate their speed to market.”
In addition to Saunders, a seasoned venture capitalist who has worked with more than 100 startup companies over the past two decades and has mentored several healthcare startup enterprises, fellow XLerateHealth co-founders include Ted Smith, a successful healthcare entrepreneur, former Senior Advisor for Innovation in the Office of the National Coordinator in the U.S. Department of Health and Human Services in Washington D.C., and who now serves as the Chief of Civic Innovation for Louisville Metro Government, and Jackie Willmot, who has over three decades in the healthcare innovation and startup space, and spent more than 15 years as an executive with Humana.
Supporting XLerateHealth is a world-class group of mentors. The mentors provide guidance and counsel to XLerateHealth’s portfolio companies, drawing from their depth of experience in healthcare and business creation. Mentorship can range from providing a single phone call for advice to a much more intensive interaction depending on the needs of the company and the time commitment of the individual mentor. Startup companies will typically have two to five mentors with whom they engage on various aspects of their business. Mentors in the accelerator have extensive experience in various aspects of the healthcare ecosystem and/or various aspects of early-stage new venture creation.
XLerateHealth has received sponsorship support from the Kentucky Cabinet for Economic Development – Office of Commercialization & Innovation, Louisville Metro Government, The U.S. Small Business Administration (SBA), Mountjoy Chilton Medley, Old National Bank, and ID&A Office and Interior Design. Supporting venture capital sponsors include Kentucky Enterprise Fund/KSTC (Lexington), OCA Ventures (Chicago), TriStar Ventures (Nashville), River Cities Capital (Cincinnati), and Chrysalis Ventures (Louisville). In kind sponsors include Frost Brown Todd and Argi (formerly OPM Financial). XLerateHealth’s partners include Louisville’s Cardiovascular Innovation Institute; Johns Hopkins Health for America; Innovate LTC; The National Space Biomedical Research Institute; and The Nucleus Innovation Center.