Innovate Health Tech Competition Showcases NYC’s Healthcare Visionaries
By Chelsea Rao, Assistant Director; Julie Chan, Senior Project Manager; Andrew O’Shaughnessy, Project Manager
Innovate Health Tech NYC is a competition designed to promote innovation within New York City’s health technology sector, and last week NYCEDC announced the winners at WeWork Lounge. Innovate Health Tech NYC recognizes early-stage health technology companies and entrepreneurs tackling pressing issues affecting human health. The 10 finalists met to pitch their pre-commercial, prototype stage technologies to a panel of expert judges and 150 members of the healthcare and tech communities. The top three companies received a total of $50,000.
The winning companies were:
- Kinsa (Grand Prize - $25,000) 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.
- Oculogica (2nd Place $15,000) 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.
- AdhereTech (3rd Place $10,000) 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.
Innovate Health Tech NYC was developed out of Eds & Meds NYC 2020, a strategic review of the life sciences and healthcare sectors in NYC. NYCEDC held extensive conversations with senior academic stakeholders, investors and entrepreneurs in New York City and beyond.