Category Archives: Innovation

Welcome to the Genomic Medicine Revolution

April 14, 2023Business, Health, Innovation, StartupsCancer, Cure Disease, End Cancer, genetics, Genomic Medicine, genomics, Logan Plaster, QuantgeneNicole Kinsey

Podcast: Play in new window | Download (Duration: 28:50 — 26.4MB)

On this episode of StartUp Health NOW, we’re talking with Jo Bhakdi, CEO & Founder of Quantgene, a company that joined StartUp Health in 2019. Bhakdi and his team have made a name for themselves by offering a kind of deep genomic profiling that allows them to identify cancers early, detect hereditary diseases, and find adverse drug interactions.

The name of the game here is genomic medicine and we’re not talking about 23andMe or Ancestry.com.

As you’ll hear in the interview, Bhakdi has a revolutionary vision for where the field of genomic medicine is heading in the next five years. And he’s got a strategy for getting there. Spoiler alert: Bhakdi believes that if we can get the cost of genomic testing down – which he’s actively working on – and can scale access to genomic medicine to millions of people, that could knock cancer out of the top 10 list of leading causes of death entirely. Since cancer is currently at number two, it’s a pretty radical idea, but Bhakdi has a strong track record and a compelling market strategy through Quantgene’s new offering called Serenity.

We’ll let him explain the vision in this episode.

Founders: Health Transformer University fuels your health moonshot

Funders: Become a Health Moonshot Champion
Want more content like this? You can subscribe to the podcast as well as other health innovation updates at startuphealth.com/content.
Sign up for StartUp Health Insider™ to get funding insights, news, and special updates delivered to your inbox.

Looking to break down health barriers? If you’re an entrepreneur or investor, contact us to learn how you can join our Health Equity Moonshot.
Passionate about Type 1 diabetes? If you’re an entrepreneur or investor, contact us to learn how you can join our T1D Moonshot.

ChatGPT Was Just the Beginning: Victor Wang on the Future of AI in Healthcare

April 6, 2023Business, Health, Innovation, StartupsAI, artificial intelligence, avatar, care.coach, Chat GPT, ChatGPT, conversational AI, conversational avatar, future of AI, generative AI, Health, Health Transformer, Health Transformers, Healthcare, StartUp Health @ ViVE, victor wang, ViVE, ViVE 2023Nicole Kinsey

Podcast: Play in new window | Download (Duration: 22:12 — 20.3MB)

Victor Wang, CEO & Founder of StartUp Health company care.coach, is at the tip of the spear of the AI-in-health revolution. He’s got an insider’s understanding of how technology like ChatGPT will shape healthcare. An MIT-trained roboticist who worked for NASA, Victor has created a conversational avatar that cares for seniors and people with disabilities. Currently there’s a human in the loop, but as you’ll hear in the interview, Victor has no trouble imagining a future where conversational AI is able to care for people in a more autonomous, scaleable way.

Perhaps most telling, and timely, about this interview, is hearing Victor’s words of caution about the future of artificial intelligence in healthcare and the burden that rests on companies doing this work to get it right, so that we don’t have an AI backlash and lose out on all the ways this technology can help humanity.

Victor is a brilliant founder and always a pleasure to sit down with, even on the noisy floor of a healthcare conference like ViVE. We hope you enjoy.

Founders: Health Transformer University fuels your health moonshot

How Scan.com Is Using Their Recent Series A Funding to Break into the US Market

March 24, 2023Business, Health, Innovation, StartupsAccess to care, Health Moonshots, Health Transformers, Innovation, MoonshotsNicole Kinsey

Podcast: Play in new window | Download (Duration: 29:21 — 26.9MB)

On this week’s StartUp Health NOW podcast episode, we sat down with Charlie Bullock, the CEO and Co-founder of Scan.com, which is, to oversimplify, an online marketplace for diagnostic imaging services. We wanted to dial Charlie up for two reasons. The first is that this StartUp Health company has officially grown from their UK roots to developing a significant beachhead in the United States. We wanted to get a play by play about that process and distill some useful cross-border growth strategies for our listeners. The second reason for the call was that Scan.com just – this week – announced a major fundraise, which is going to put this US expansion into high gear.

In our conversation Charlie shares a bit of his personal journey as an entrepreneur, gets into all the details about their recent raise, and outlines some do’s and don’ts for breaking into the US market.

Looking to break down health barriers? If you’re an entrepreneur or investor, contact us to learn how you can join our Health Equity Moonshot.

Entrepreneurs: How to get investment from StartUp Health startuphealth.com

Investors: Contact us to learn how to invest in Health Moonshots
Want more content like this? You can subscribe to the podcast as well as other health innovation updates at startuphealth.com/content.
Sign up for StartUp Health Insider™ to get funding insights, news, and special updates delivered to your inbox.

Passionate about Type 1 diabetes? If you’re an entrepreneur or investor, contact us to learn how you can join our T1D Moonshot.

Cybersecurity: How Startups Can Stay Secure as Healthcare Ransomware Attacks Skyrocket

March 17, 2023Business, Health, Innovation, StartupsNicole Kinsey

Podcast: Play in new window | Download (Duration: 26:29 — 24.3MB)

According to multiple news sources, cyber attacks surged in 2022. That doesn’t necessarily surprise anyone, but what may be a surprise is learning that healthcare is the most targeted sector.

Turns out, patient records have a high resale value, and ransomware attacks on hospitals can be profitable.

This increase in cyber threats coincides with waves of new companies making data more accessible to patients. So on one hand we’ve got a groundswell of startups fighting the good fight of leveraging patient data and new technology to improve lives. On the other hand we have an increasingly aggressive and sophisticated network of cyber criminals who are a constant threat to our healthcare system and, ultimately, patients’ lives.

Bridging these two worlds is our guest, Steve Cagle, CEO at Clearwater. In this episode, Steve helps us understand the magnitude of the cybersecurity threat in healthcare and, more importantly, gives us practical strategies that founders can employ in order to keep patient data safe and keep their company compliant with current regulations. Steve also explains how, by making a few smart moves, a startup can turn cybersecurity from a business threat to a competitive advantage, particularly as they pitch to wary health systems and payers.

Looking to break down health barriers? If you’re an entrepreneur or investor, contact us to learn how you can join our Health Equity Moonshot.

Entrepreneurs: How to get investment from StartUp Health startuphealth.com

Passionate about Type 1 diabetes? If you’re an entrepreneur or investor, contact us to learn how you can join our T1D Moonshot.

Expanding Globally: How This African Startup Is Building a Roadmap for the US Market

March 10, 2023Business, Health, Innovation, StartupsAugmental Technolgies, Health Moonshot Update, Health Moonshots, Health Transformers, Logan Plaster, Moonshots, StartUp Health NowNicole Kinsey

Podcast: Play in new window | Download (Duration: 24:43 — 22.6MB)

Welcome to StartUp Health NOW, the podcast where we celebrate the entrepreneurs and innovators who are transforming health.

One of our favorite things about the StartUp Health community of nearly 500 companies and upwards of a 1000 entrepreneurs is how global it is. It is so easy to get caught up in your local challenges and your standard ways of doing business and forget that there is this global village of entrepreneurs, many of whom are thinking in wonderfully different and creative ways about the same challenges you’re facing. We need each other, and we need to build strong lines of communication.

One way that we see cross-border innovation is when a startup attempts to break into a new global market. On this podcast episode, we’re bringing you one such story, a snapshot of a startup working to expand from South Africa to the United States. The conversation is with Herman Lintvelt
and Michael (Fox) van der Linde, the founders of Augmental Technologies, a StartUp Health portfolio company providing digital coaching and content that supports families with children who have ADHD, autism, Tourette syndrome, and other neurodivergent conditions.

We wanted to learn some of the practical ways they’re adapting to a new market environment. Like, are they setting up a physical office in the United States or going all virtual? How are they handling marketing and branding? How did they locate collaboration partners?

And we also wanted to hear what they’re bringing with them that’s unique to South African entrepreneurs. We need a diversity of perspectives – different styles of ingenuity – in order to break out of the intractable problems we experience in health. Entrepreneurs from resource-constrained environments have to solve business challenges with their own blend of creativity and pragmatism. As Augmental Tech brings their platform from South Africa to the United States, they’re bringing that ingenuity with them, and using it to build a market advantage.

In our chat they offered us a slice of life of a startup in the midst of international expansion and share a number of helpful nuggets of wisdom that’ll be useful to entrepreneurs at any stage of growth. Enjoy!

Looking to break down health barriers? If you’re an entrepreneur or investor, contact us to learn how you can join our Health Equity Moonshot.

Entrepreneurs: How to get investment from StartUp Health startuphealth.com

Passionate about Type 1 diabetes? If you’re an entrepreneur or investor, contact us to learn how you can join our T1D Moonshot.

Prioritizing Health Equity Through Sustained Action and Equitable Innovation

March 3, 2023Business, Health, Innovation, StartupsAletha Maybank MD, AMA, American Medical Association, Dr Aletha Maybank, health equity, Health Equity Moonshot, Innovation, KP Yelpaala, Logan PlasterNicole Kinsey

Podcast: Play in new window | Download (Duration: 58:52 — 47.2MB)

Last year StartUp Health launched a Health Equity Moonshot with the goal of creating a guiding equity framework for how we support health startups. That work has been led by our Chief Impact Officer Kaakpema “KP” Yelpaala. One of the first things KP did was to build a cross-disciplinary impact board who could help us guide our policies, and one of the first people he turned to for that task was today’s guest, Aletha Maybank, MD, MPH.

Dr. Maybank is the Chief Health Equity Officer & Senior VP at the American Medical Association. In the world of health equity, that’s a big deal because she guides critical policy decisions for an organization that numbers more than a quarter of a million healthcare professionals.

We wanted to have Dr. Maybank in for a Fireside Chat to get a candid look at the work she’s been doing at the AMA and hear her vision for the future. In the conversation, which was hosted by KP Yelpaala and held in front of a virtual audience of Health Transformers from our portfolio, Dr. Maybank draws a line between intention and outcomes and explains why more institutions need to do the hard internal work of examining inequitable structures.

Looking to break down health barriers? If you’re an entrepreneur or investor, contact us to learn how you can join our Health Equity Moonshot.

Entrepreneurs: How to get investment from StartUp Health startuphealth.com

Passionate about Type 1 diabetes? If you’re an entrepreneur or investor, contact us to learn how you can join our T1D Moonshot.

How One Founder Raised $5M to Help Women Detect Breast Cancer Earlier

February 24, 2023Business, Health, Innovation, Insights, StartupsBreast Cancer, Cancer, Funding, Gabbi, Health Mindsets, Health Moonshot, Insights, Kaitlin Christine, Logan Plaster, Mindsets, Moonshot Mindset, womens healthNicole Kinsey

Podcast: Play in new window | Download (Duration: 26:22 — 24.2MB)

On this StartUp Health NOW episode, we go to Portland, Oregon, to meet a Health Transformer helping women assess their risk for breast cancer. We chat with Kaitlin Christine, CEO & Founder of Gabbi, because she successfully raised more than $4M in 2022, at a time when many other young startups were struggling to raise. We stress with the startups in our portfolio that raising capital is just one small piece of the health moonshot journey, but there is no denying that it can give rocket fuel to a great idea, so we wanted to hear how she did it. What were the strategies and mindsets that helped her grow from a passionate solopreneur to building her first executive team and scalable product? And, what lessons could she share with other founders who find themselves facing a similar challenge?

Entrepreneurs: How to get investment from StartUp Health startuphealth.com

Passionate about Type 1 diabetes? If you’re an entrepreneur or investor, contact us to learn how you can join our T1D Moonshot.

Looking to break down health barriers? If you’re an entrepreneur or investor, contact us to learn how you can join our Health Equity Moonshot.

New Hubs for Health Innovation: Why These Health Transformers Are Building Their Startups in Columbus, Pittsburgh & Baltimore

February 17, 2023Business, Health, Innovation, StartupsBaltimore, Beth Sanders, Columbus, Health Transformers, LifeBio, Logan Plaster, Max Sims, MindTrace, Ohio, Pittsburgh, Shameet Luhar, Vheda HealthNicole Kinsey

Podcast: Play in new window | Download (Duration: 34:00 — 31.1MB)

Every quarter we publish a little thing called the StartUp Health Insights report. It’s all about health innovation funding, and one of the data points we track is where in the world health innovation funding is landing. We call these health innovation hubs, and the same three or four cities always dominate the list. Companies in San Francisco, New York, Boston, and London account for the vast majority of dollars raised in healthcare.

However, at StartUp Health, we know it takes a global village to transform health and there is so much inspiring work happening outside of these cities. Steve Case, former CEO of AOL and an early investor in StartUp Health, famously launched the “Rise of the Rest” campaign which was aimed at showcasing the innovation happening in so-called “flyover cities” like St. Louis, Detroit, and Omaha.

We agree with Case that it’s imperative that we back entrepreneurs in more places in order to benefit from a diversity of thought and experience. At StartUp Health we’ve invested in companies from 29 countries, so we wanted to take an episode of the podcast and dedicate it to a few of these stories. Great startups being built in, let’s call them, “less conspicuous” cities.

In this StartUp Health NOW episode, you’ll hear interviews with Health Transformers from our portfolio who have chosen to build their companies near Columbus, Baltimore, and Pittsburgh. And not because they couldn’t pay the San Francisco rent, but because these environments held hidden gems and opportunities for their businesses, from local talent to affordable workspaces to engaged professional networks.

Entrepreneurs: How to get investment from StartUp Health startuphealth.com

Passionate about Type 1 diabetes? If you’re an entrepreneur or investor, contact us to learn how you can join our T1D Moonshot.

Looking to break down health barriers? If you’re an entrepreneur or investor, contact us to learn how you can join our Health Equity Moonshot.

Inside Healthcare Sales: Building a Revenue Strategy for Your Health Moonshot

February 10, 2023Business, Health, Innovation, StartupsCollin Stewart, Health Tech, Healthcare, Innovation, Jamey Edwards, Logan Plaster, Revenue, StartUp HealthNicole Kinsey

Podcast: Play in new window | Download (Duration: 46:57 — 43.0MB)

Welcome to StartUp Health NOW, the podcast where we celebrate the entrepreneurs and innovators who are transforming health.

As we’ve reported recently, the health tech funding landscape has tightened in the last year. In other words, it’s harder to raise money for your business. But there’s an upside to this cooler market: There’s a heightened emphasis being put on the fundamentals of business like cash flow and profitability. That means less noise being generated around innovations that turn out to be smoke and mirrors and more focused on smart, sustainable business ideas. That’s good news for the right kind of founders, the ones we call Health Transformers.

But, it still isn’t easy. When a startup is facing an ever-shrinking runway and having to show strong revenue numbers, it can be difficult to take the time to formulate a cohesive sales strategy that allows the business not only to survive the long sales cycle in healthcare, but thrive long term as it seeks to achieve its audacious health moonshot.

To help founders tackle this challenge head on, we invited Collin Stewart, the CEO of Predictable Revenue, to join us for a recent Fireside Chat. The conversation was hosted by Jamey Edwards in front of a live virtual audience of founders from the StartUp Health portfolio. They cover themes like being radically open to market feedback and even pull some wisdom from Collin’s days as a professional musician.

Entrepreneurs: How to get investment from StartUp Health startuphealth.com

Passionate about Type 1 diabetes? If you’re an entrepreneur or investor, contact us to learn how you can join our T1D Moonshot.

Looking to break down health barriers? If you’re an entrepreneur or investor, contact us to learn how you can join our Health Equity Moonshot.

Raising My First Million: The Health Moonshot Mindsets & Tactics That Helped Perceiv AI Close $1.5M During a Down Market

February 2, 2023Business, Health, Innovation, Insights, Startups, UncategorizedChristian Dansereau, Funding, Health Mindsets, Health Moonshots, Health Transformers, Insights, Logan Plaster, Mindsets, Perceiv AI, WisdomNicole Kinsey

Podcast: Play in new window | Download (Duration: 21:35 — 19.8MB)

Welcome to StartUp Health NOW, the podcast where we celebrate the entrepreneurs and innovators who are transforming health.

It’s no secret that 2022 was a down year for health innovation funding. Earlier this month we published our Year-End Insights Report, which showed a 50% drop-off in digital health funding compared with 2021. Of course, you have to take those numbers in context. For one, 2021 was a crazy, exuberant year for funding, fueled by a COVID-induced rush to virtual healthcare. Second, when you look at health innovation funding over 10 years, we’re still on a dramatic upward growth curve.

That said, 2022 was a scary year for startups that needed to raise funds, so we called up a founder in the StartUp Health portfolio who’d made it happen. Christian Dansereau, PhD, CEO and Co-founder of Perceiv AI, closed his first round, $1.5M, in November 2022, while many other companies were experiencing down rounds, acquisitions, and or even closing their doors.

So, how’d they raise their first million plus in spite of rocky market conditions? What strategies and mindsets did they use that other founders can learn from? In this podcast episode, we get tactical about lead gen, decks, and nailing your first meeting, and also talk about the importance of aligning with partners at a health moonshot level.

Learn more and connect with Health Transformers like Perceiv AI.

Entrepreneurs: How to get investment from StartUp Health startuphealth.com

Passionate about Type 1 diabetes? If you’re an entrepreneur or investor, contact us to learn how you can join our T1D Moonshot.

Looking to break down health barriers? If you’re an entrepreneur or investor, contact us to learn how you can join our Health Equity Moonshot.