Programs for Entrepreneurs

Innovate Health Tech NYC

NYC is challenging local health tech innovators to develop commercially viable technologies to solve urgent health care problems. $50,000 in prizes!

Background

Innovate health tech NYCInnovate Health Tech NYC invited software and hardware developers and other innovators living or working in New York City to create commercially viable technologies that would solve urgent health care problems. Individuals, teams, and companies with 10 or fewer employees could compete, and were required to demonstrate a functioning prototype of a pre-commercial technology in their submission. Technologies may have included, but were not limited to, healthcare analytics tools, clinical workflow management tools, mobile health applications, and wireless health monitoring devices.

Innovate Health Tech NYC was developed by NYCEDC in partnership with Health 2.0, StartUp Health, and ChallengePost, and was sponsored by Janssen Healthcare Innovation.

Program Goals

  1. Recognize the best emerging healthcare technologies by NYC innovators
  2. Spur the creation of NYC-based healthcare technology companies and jobs
  3. Address urgent needs in healthcare

After the submission period, a panel of judges reviewed all eligible submissions and selected nine finalists; the public then voted for one additional finalist to determine their favorite. All 10 finalists were invited to present their health tech innovations at Demo Day with leaders from the technology, healthcare, and venture capital community. Finalists were be provided with a three-part coaching session to prepare for their Demo Day presentation. Based on submission materials and the live Demo Day presentation, three winners were selected to win cash prizes totaling $50,000.

Winners

  1. Grand Prize ($25,000): Kinsa works at the intersection of technology, design and healthcare to create the world’s first real-time map of human health. The company’s first product is a smartphone-connected thermometer. The Kinsa Smart Thermometer helps users track their illness history, share it with physicians, manage and plan around their illness, and view the “health weather" in their local area.
  2. 2nd Place ($15,000): Oculogica has discovered the Rosetta Stone to decipher what the brain is saying through the language of eye movements. This discovery has led the company to develop a low-cost, software-based diagnostic that will provide a safe, non-invasive and mobile test to diagnose the extent of concussions and a broad spectrum of other diseases states. Oculogica’s test will significantly improve patient care by providing better information than the current standard of care, which is more costly and invasive.
  3. 3rd Place ($10,000): AdhereTech has created patented wireless pill bottles that improve medication adherence. Many patients fail to take their medication properly, increasing U.S. healthcare costs by $300 billion annually. AdhereTech’s bottles measure the exact number of pills in the bottle in real-time, wirelessly send this HIPAA-compliant data into the cloud, and remind patients to take their medication via automated phone call or text message

For more information, visit https://innovatehealthtechnyc.challengepost.com/

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