Over the past four months, nine exciting startup companies recruited from across the country have been working full time right here in Philadelphia. They bring experience, passion, and energy to nine different ideas that they hope to turn into successful companies. Today, with mentorship from Independence Blue Cross (Independence) and Penn Medicine, they “graduate,” pitching their products and business models to a room of over 300 investors, industry leaders, and potential customers. I am very excited to see how the companies have progressed since starting the Dream It Health Philadelphia 2014 program in July.
The DreamIt Partnership
It’s an honor to be involved in this program. DreamIt Health Philadelphia is the first-ever health accelerator located in Philadelphia, and the first in the nation to be sponsored by a city’s leading health system and a region’s largest health insurance provider. This is the second year Independence has sponsored this accelerator with Penn Medicine and DreamIt Ventures. It’s a great way to bring new health innovators to the region and help realize our vision of Philadelphia as a magnet nationally for health care innovation.
Many of my colleagues at Independence Blue Cross work closely with DreamIt companies, providing meaningful real-world feedback about the complexities of the health care industry to entrepreneurs as they develop their product offerings. We also make connections and offer access to resources that would, otherwise, take these teams years to duplicate. But the learning isn’t just a one-way proposition. Working with these energetic, passionate, and creative entrepreneurs provides a whole new perspective to Independence employees; their ideas energize and inspire us as we work to re-imagine health and health care for our members.
DreamIt Class of 2013
One of our biggest successes from last year’s DreamIt class is that the majority of companies who came to the region for the program have stayed and grown right here in Philadelphia, adding to our thriving health tech innovation community. Here are a few shining examples from the class of 2013:
- Biomeme transforms your smartphone to a real-time DNA lab.
- Seratis brings doctors and nurses out of the pager era by allowing healthcare providers to coordinate, track, and analyze care across the team.
- Fitly combines personalized healthy meal planning with easy recipes, fresh ingredients, and free home delivery into a dynamic mobile-web app.
I can’t wait to see what’s next for the 2014 class of companies. For real-time updates, follow along on Twitter #DreamItHealth or check out the DreamIt website for video clips of the pitches in the upcoming days.
Let us know which company you think has the best new idea!