Holy Smokes! SBC DemoDay 2017
Startupbootcamp’s 2017 Squad of 11 digital health startups accelerate innovation, in style.
With so many concurrent events within the Berlin digital health ecosystem on any given day, it’s getting ridiculously hard to choose. It’s practically an embarrassment of riches. So if you missed Startupbootcamp’s Demo Day on November 30, or were there and couldn’t take notes in the dynamic atmosphere, I’ve got a recap for you — at least for the first portion.
The intro and first pitches were transcendental in nature. From the laser harp musical opening to Lars Buch’s witty welcome of the day and his SBC ‘squad’, it’s clear things are really happening in Berlin for startups: this includes providing seriously good mentorship, setting a clear purpose to solve real problems, and refining presentation/pitch skills.
The Space: Meistersaal
Meistersaal’s historic musical venue makes a big impression. The acoustics were just right. It’s both spacious and intimate in the main concert venue. Apparently it was a concert hall where David Bowie, U2 and other legends played.
Straight, no chaser.
Each startup during the first pitches digitally solved for healthcare issues that matter to big swaths of the population: antibiotic resistance, improved physio-rehab solutions, diabetes care, fairer life insurance costs, and smarter cardiovascular care.
Here are highlights from the first pitch session:
biolumo (appropriate antibiotics): Olga Grudniak presented how her startup biolumo will reduce the time (from 48 to 6 hours) it takes to know if antibiotics are warranted, thus addressing the well-established problem of antibiotic resistance. By using her company’s simple to use, affordable point-of-care technology, including a device and cartridges, they partner with clinics in Poland to reduce overprescription of antibiotics. After lab validation, they are moving on to clinical validation and seeking investors in med tech and life sciences.
Aisens (improving rehab): Hardy Keitzmann from Sanofi in Germany introduced Adam Wozniak by saying that health closely integrates with sporting activity. Globally, sports often lead to similar common injuries at the shoulder, elbow, or knee. Adam showed how Aisens, an elegant IoT solution applies sensors for a medical use: smart rehabilitation after injury. The goal is to speed up recovery using sensors which can help a patient with biofeedback as to whether they are doing rehab right, and to encourage them to do the exercises to begin with, a common adherence issue.
Hedia (managing diabetes): 50 million people with Type 1 diabetes is a huge problem that needs a scaling solution and Hedia is up to the challenge. It’s a medical device that syncs with Apple Health info, providing insights to help people with diabetes manage the daily behemoth task of measuring their blood glucose. As Peter Lukas explains, “people are bad at counting carbs but tend to make the same mistakes.” He knows firsthand, and his passion for solving the issue was clear. Hedia’s algorithm helps predict proper insulin dosage. They want to talk with corporates who can help with revenue stream and contact with patients. Medical class certification would signify it was safe to use, impacting clinical trials.
Torafugu tech (life insurance parity): Torafugu Tech’s founder Sawas Neophytou’s opening animated video clip made a strong case for how life insurance unfairly lumps people with diabetes into an expensive bracket without regard to how they manage their condition. His product “Activian Life” helps type 2 diabetics control their lifestyle and activity and reduce costs associated with the condition. Intervention in diabetes matters, and this product aims at protecting both financial and physical health. The startup seeks pilots to convince the insurance industry of the value here in reaching this underserved segment. Insurers, get in touch.
CardioCube AI (heart disease management and risk-assessment): It wasn’t CEO Oskar Kiwic but ‘Dr. Alexa Braveheart’ who introduced this startup. Relying on the voice of Amazon’s Echo on stage, we learned of the need for CardioCube: Heart disease causes 1 in 4 deaths. Since health is subjectively reported, we need to make it more objective to improve heart disease care and save lives.
Every patient would benefit from having his own, personal doctor at home. CardioCube voice-based AI software is an everyday assistant to help manage heart disease. Talking to CardioCube is like talking to your best friend and cardiologist in one. Your doctor in the hospital then gets medical insights to reach better and faster decisions. Watch the video to learn more.
Startups < > Partners
It should be evident here what a classy job Startupbootcamp Digital Health did with presenting their 2017 squad. And this was only the first two hours. The day went on with more pitches and networking. Demo Day was not solely about showcasing SBC startups but also about creating constructive partnerships that advance digital health. Check the SBC site for further updates or learn more about these solutions-driven startups.
The health ecosystem has a lot of challenging topics ahead to solve but with this top-notch level of acceleration, the right mentality, great mentorship, and collaborative resources, the future of digital health is bright.