Health Pioneers Rocked the stage at our third Digital Health Demo Day
Rockstart has held the third Digital Health Demo Day on June 21st in Nijmegen. The 10 startups of this year’s program took the stage to show off their progress and fundraising roadmap to an audience of investors, mentors, and other stakeholders in the Digital Health ecosystem.
The twenty-five talented entrepreneurs have spent five months in Nijmegen at our Digital Health accelerator working on their products that are aimed at improving many different aspects of healthcare. This year’s Digital Health program has gathered startups in different stages, which allowed the program to be divided into three tracks: the fundamental track, where startups focus on product-market fit and early validation; the strategy and operations track; and the scale-up track that helps the later-stage teams grow sustainably.
“By learning from our previous experience during the first two Digital Health Accelerators, this time we focused on seeking for startup pioneers, redesigning our program and on hand holding the ecosystem partners,” said Program Director, Akshat Kshetrapal. “That has lead us towards the great success that our ten startups of third Digital Health accelerator have made during the program.”
Being a part of the Rockstart Digital Health accelerator allowed the startups to engage with a highly active network of healthcare professionals and partner organizations to help validate their commercial propositions, compliance with medical regulations, and bring their product to the hands of healthcare professionals and patients. he partners of the Digital Health accelerator are some of the most important ecosystem players in the region, such as Radboud University Medical Center, Briskr, IKONE, In4Care, and many others.
The program team this year was co-lead by Program Director Akshat Kshetrapal and Ecosystem Director Casper Smeets. Together with over 120+ mentors and partners they guided and supported the teams through their entrepreneurial journey.
At Demo Day, the startups that are going through the program presented the progress they’ve made over the past five months and their ambition to raise seed funding. Here’re the ten startups and their progress made during their time at Rockstart.
Cedexis Medical Eyewear (The Netherlands) is developing and implementing high-end video glasses and pairing them with customer-specific content platforms and intuitive media players. Cedexis is striving to have 250 subscriptions by the end of the year. Prior to the program,Cedexis had only customers within dental care, they have recently signed paid pilot deal with the national blood bank of the Netherlands, Sanquin, expanding their market ten-fold.
Deepdee (Belarus) is working on machine diagnostics of eye diseases by processing photos of the eye fundus with AI/ML algorithms. Started roughly six months ago, Deepdee has access to a large database of retina scan images, which they aim to annotate quickly. This data provides the team with a significant advantage in coming up with machine learning algorithms for diagnosis. The day before Demo day, Deepdee signed a partnership agreement with The Rotterdam Eye Hospital, the biggest eye hospital in the Netherlands, that’ll give Deepdee an opportunity to collect more than 110,000images to build the first glaucoma screening solution in the world as well as scientifically validate their AI solution.
Easy Way to Health (United States) creates solutions that continuously monitor key health indicators. Its first product addresses weight tracking and obesity through a high-traffic smart scale that measures weight trends rather than numbers. The startup already has more than 2,000 users and has undergone three trials in the US. In Brazil, the startup’s first clients are one of the largest health clubs in Sao Paulo, and the largest workplace wellness program. 8 IOT scales have been installed and clinical validation are being done together with Leiden University and The Hague University of Applied Sciences.
ENTy (Romania) has come up with a medical device used for tracking the balance of the inner ear and for monitoring neurodegenerative diseases. The startup won Microsoft’s Imagine Cup competition in 2016 and raised $50,000 in the US. During Demo Day, ENTy announced the beginning of a scientific validation with Amsterdam UMC.
InMotionVR (The Netherlands) is working on making healthcare fun and effective with virtual reality-based technology. Its platform, Corpus VR, can quantify treatments and give better insights to the therapist with real-time monitoring, as well as deliver effective training programs. The product is already used by 30 practices, 70 therapists and more than 1,500 patients, while two universities have included it in their curriculum.
InstantCare (Spain) is a monitoring system for incontinence pads in care homes, hospitals, and for use at home. The system has been tested in several care centers in Spain. In the following months, InstantCare has planned paid trials in several nursing homes providing the service to more than 200 clients. At the same time they are piloting with one of the major distributors in the Netherlands, Mediq.
RehabGlove (Georgia) has developed gloves for post-stroke hand rehabilitation. By merging physical and psychological therapies in virtual reality, the startup vastly increases the quality of rehabilitation and makes it entertaining. RehabGlove was named the best innovation by Microsoft at Seedstars CEE & Central Asia summit in December 2017 and won the “Georgia’s most promising startup” award.
Sone (Italy) has built an add-on device for any acoustic stethoscope able to improve the internal body sound and finally send it to IoT devices, allowing easy telemedicine and better first diagnosis. In 2017 Sone collaborated with Telecom Italia in the creation of a Domotic Platform for assisted living, and has integrated Sone as a device for remote monitoring. Sone has started a data analysis trial to train the AI together with university in Italy Universita Della Calabria. Just recently has entered into a partnership with Erasmus Medical center to scientifically validate their AI layer to their device.
Thermodata (United States) offers a precise temperature-monitoring subscription service to life science and food quality customers, enabling them to track temperature and ensure the viability and quality of their perishable products and the reliability of their equipment. The startup’s revenues have been growing steadily in the six digit range since Thermodata was founded in 2016. Last year the revenue reached 330,000euros and they are currently talking about possible partnerships with ESCO Medical, Siemens, Steris, DHL and other companies worth several millions in sales.
Umotion (The Netherlands) has built a medtech walker to help patients with Parkinson’s continue to walk independently for longer. Since 2012, 2500 walkers have been sold. The uMotion walker became eligible for reimbursement by the insurers in the Netherlands in 2017 which has almost doubled their production over the past year; and just recently their walker became eligible in Germany as well. At Demo Day, uMotion announced the expansion of their product to include the uWalk a digital add-on for all walker, including the uMotion walker 2.0, which will provide real time tracking and other metric measurements for patients with movement disorders.
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