May 14, 2015
Twenty healthcare startups from 12 different countries delivered two minute pitches yesterday in hopes of capturing their semifinal spot in 1776’s Challenge Cup global competition held in Washington DC. Each company took their spotlight moment to explain why their technology deserves adoption as a global health solution. Startups ranged from patented food molecules that alleviate specific health issues (Nuritas from Dublin, Ireland), to an app that addresses anxiety disorders (Pacifica Labs from San Francisco) to a souped-up stretcher for the paramedic market (ResQDevices from Sydney, Australia). By evening’s end judges announced the two winners:
- ReliefWatch from Chicago, IL is an inventory management platform targeted at multinational non-governmental organizations operating health clinics in developing countries.
- Unima from Mexico City is a biotechnology startup that developed a fast and low cost diagnostics technology that allows health data collection globally and analytics in real time.
Judges commented afterwards that the field of competitors was impressive but that the two winners were clear standouts based on their market traction, scalability, and innovation. Evan Burfield, co-founder of 1776 and a judge for the health competition, remarked that looking at the startups on stage gave everyone “…a sense of the tremendous breadth of innovation that has the potential to really change the world. These are real technologies that are going to impact the way we manage healthcare.”
ReliefWatch and Unima, representing healthcare, will go against a trio of education semi-finalists: LearnLux, Cognotion and Handsfree Learning along with the energy semi-finalists: BaseTrace and Radiator Labs. Winners for the transportation category will be named Friday, May 15 with the final event being held on May 16. The two healthcare winners are awarded a $50k investment from 1776 and the chance to compete for the overall prize of an additional $150k investment.
Image Credit: Flickr/Alex Proimos
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