2nd Annual Medical Capital Innovation Competition Winners Announced

Business Wire

Disruptive healthcare Winners Receive $100,000 in Cash Prizes and Access to Cleveland’s World-class Healthcare Expertise

CLEVELAND--(BUSINESS WIRE)-- BioEnterprise, in partnership with the Global Center for Health Innovation (Global Center), Cuyahoga County, and Healthcare Information and Management Systems Society (HIMSS) is pleased to announce the winners of the second annual Medical Capital Innovation Competition, “The Next Generation of Healthcare”:

OPEN DIVISION

1^st Place/$50,000: VastBiome, Houston, TX – VastBiome utilizes artificial intelligence to identify how the microbiome impacts diseases. Their proprietary microbiome collection methods and the analytical power of its data-drive technology enables personalized cancer medication.

2^nd Place/$25,000: nGageIT, Anaheim, CA – nGageIT’s platform detects and verifies the unique fingerprint of medication you take or inject. Using smart health tools and the world’s first ingestible nanoparticle “bar coding” technology, nGageIT measures medication treatment effectiveness, enriches the patient experience, and helps physicians optimize clinical outcomes.

3^rd Place/$15,000: EBT Medical, Toronto, Canada – EBT Medical is developing innovative, easy-to-use, non-invasive neurostimulation therapies and disease state support systems for pelvic floor disorders, starting with overactive bladder. With just 30 minutes of stimulation twice per week, EBT Medical’s system delivers long-lasting pharmaceutical- or invasive therapy-equivalent efficacy without the side-effects, invasiveness, or costs that are typically associated with those therapies.

COLLEGIATE DIVISION

1^st Place/$6,000: RADIOME, Case Western Reserve University – Approximately 70,000 women annually will receive some combination of chemotherapy and surgery. By predicting which of these patients will benefit from neoadjuvant chemotherapy and be eligible to receive breast-conserving surgery (rather than an entire breast-removing mastectomy), RADIOME reduces ineffective chemotherapy and surgery.

2^nd Place/$3,000: InSpirit, Case Western Reserve University – InSpirit is developing a novel wrist wearable hydration sensor to continuously monitor dehydration in real-time and to improve lives of elderly and reduce nursing homes fines.

3^rd Place/$1,000: SurgiSight, Johns Hopkins University– When surgical patients are discharged from the hospital, they receive limited instruction on caring for their incision wounds and monitoring for signs of infection. SurgiSight is designing a mobile application that allows discharged surgical patients to communicate with their healthcare providers for better wound reporting and diagnosis of surgical site infections.

The theme of MCIC2 was “The Next Generation of Healthcare” – how big data, artificial intelligence, enhanced reality and other disruptive technologies will engage patients and clinicians, and take healthcare to new levels. The Competition, open to professional and collegiate teams, attracted applicants from 24 countries and 33 states.

In addition to cash prizes, the winning teams will receive meaningful assistance, including mentoring and access to world-class healthcare systems and collaborators. Open and Collegiate division first place winners also receive an opportunity to demonstrate innovation at the HIMSS19 Conference in February 2019.

Competing teams represented a variety of big data healthcare categories including patient engagement and compliance, clinical trial optimization, EHR (electronic health records) optimization, and decision support. For a complete list of participating teams and their product solutions go to https://bit.ly/2J9f7lO.

Supporting sponsors include: Cleveland Clinic Innovations, Case Western Reserve University, Develoco, Jumpstart, The MetroHealth System, and University Hospitals.

About The Medical Capital

The Medical Capital initiative is a collaboration of Cleveland’s internationally renowned clinical, educational, and research institutions, philanthropies, government, and economic development engines. Convened by BioEnterprise, the initiative promotes the vibrant biomedical and healthcare industry in the 18-county Northeast Ohio region. The Medical Capital includes more than 700 biohealth companies, 30 clinical, research and educational institutions, $735 million annually in research funding, and more than $200 million annually in private startup funding. For more information: TheMedicalCapital.com.

About BioEnterprise

BioEnterprise is a business formation, recruitment, and acceleration effort designed to grow the Northeast Ohio healthcare industry. Located in Cleveland, at the Global Center for Health Innovation and in University Circle, BioEnterprise provides management counsel and support services to health IT, medical device, and biopharmaceutical companies. In addition, BioEnterprise convenes and leads strategy for industry-building initiatives such as The Medical Capital, HIT in the CLE, and the Global Center for Health Innovation. BioEnterprise founders are Case Western Reserve University, Cleveland Clinic, and University Hospitals. Additional technology partners include the NASA Glenn Research Center, Cleveland State University and BioOhio. Since 2002, BioEnterprise and its partners have created, recruited and accelerated more than 350 health IT, medical device, and biopharmaceutical companies, and have helped these companies raise more than $2 billion in new funding. To learn more: BioEnterprise.com.

About Cuyahoga County

Cuyahoga County is home to world-renowned healthcare facilities, including Cleveland Clinic, University Hospitals and the MetroHealth System. It is also home to 1.2 million people and is comprised of 59 unique and distinctive communities, with Cleveland as its nucleus. The county is the economic center of Northeast Ohio. With more than 120,000 healthcare professionals, the healthcare field is the largest employer in Cuyahoga County. Additionally, Greater Cleveland has a booming biotechnology and biomedical industry, with more than 700 companies employing 230,000 people.

About HIMSS

HIMSS is a global voice, advisor and thought leader of health transformation through health information and technology with a unique breadth and depth of expertise and capabilities to improve the quality, safety, and efficiency of health, healthcare and care outcomes. HIMSS designs and leverages key data assets, predictive models and tools to advise global leaders, stakeholders and influencers of best practices in health information and technology, so they have the right information at the point of decision.

HIMSS drives innovative, forward thinking around best uses of information and technology in support of better connected care, improved population health and low cost of care. HIMSS is a not-for-profit, headquartered in Chicago, Illinois, with additional offices in North America, Europe, United Kingdom and Asia.

About The Global Center for Health Innovation

The Global Center for Health Innovation is a convening platform for multi-partner public, private and philanthropic collaborations on healthcare matters of global interest. Capitalizing on Cleveland’s healthcare assets and resources, it acts as the gateway between Ohio’s healthcare and biomedical communities and the rest of the world. Connected to the Huntington Convention Center of Cleveland, the Global Center was built to attract additional investment and convene biomedical and healthcare activities that lead to ongoing innovation. To learn more: TheGlobalCenter.com.