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Nex Cubed Selects Seven Transformative Frontier Tech Companies for Spring 2019 Digital Health Accelerator
SAN FRANCISCO and SAN DIEGO, March 6, 2019 /PRNewswire/ -- Nex Cubed has announced seven companies selected to participate in its Spring 2019 Digital Health Accelerator.
The Digital Health Accelerator is part of Nex Cubed's startup acceleration platform that also includes the Nex Cubed Aerospace & Defense Accelerator in Washington DC and the Nex Cubed Frontier Tech Accelerator in San Francisco. Nex Cubed's platform supports angel to seed stage startups and helps them to drive commercial adoption of their solutions and prepares founding teams for their next round of financing.
Nex Cubed's Digital Healthcare Accelerator is a bespoke, semi-remote, four-month startup accelerator focused on pairing technically, clinically, and operationally talented founders with Healthcare subject matter experts with an emphasis on preparing the startups for investment and enterprise readiness.
"The Nex Cubed Digital Health Accelerator was built for Founders by Founders. The Program is led by Senior Operators in the Digital Health space that work alongside talented Founders to help them drive what matters most to them - commercial adoption, regulatory success and access to capital," said Daniel Haders II, Ph.D., Managing Director, Healthcare at Nex Cubed.
Nex Cubed has assembled a distinguished 11-member Advisory Team that is embedded with the accelerator companies to work with founders on a daily basis. The team includes change agents who have served at healthcare organizations like the Food and Drug Administration, Stanford Health, Harvard's Partners HealthCare System, Bayer, Peace Health, Panasonic, 3M Health Systems, HMS, Vivimed, SHL Group, Pfizer, NuVasive, and Wright Medical.
Nex Cubed has also formed a Digital Health Investor Advisory Board. The Board is comprised of Tier 1 angel and institutional investors from organizations like Eniac Ventures, RockHealth, FundRx, Tech Coast Angels, The Indus Entrepreneurs (TiE), Wharton Angels, Activate Venture Partners, DigiTx, Emergent Ventures, Global Founders Capital, Sway Ventures, and Oak Investment Partners. These investors are programmatically involved in the accelerator curriculum where they actively mentor the companies as they prepare for their next round of fundraising.
"This was one of Nex Cubed's most competitive application processes to date. We are extremely proud of the exceptional level of talented founders in this cohort and the world-class team of digital health advisors and investors we've assembled to work alongside the startups," said Marlon Evans, CEO at Nex Cubed.
The seven companies selected for the Spring program are RISEcx, RockStep Solutions, Caressa, OOTify, PreMinder, SaRA Health, and Visom Technology. The Spring program launched on February 11, 2019, and will culminate on June 5, 2019, with a formal Showcase and Demo Night in San Diego.
The RISEcx CareSpace™ remote care management program uses AI to drive self-directed care management. The solution combines a one-of-a-kind experience with Mayo Clinic psychology, behavioral economics, and education to positively modify human behavior. To date, the company has raised over $1.1M, with lifetime revenues in excess of $2.5M. Customers and partners include Medtronic, Cambia, Kaiser Permanente, Microsoft, Facebook, Mayo Clinic, Salesforce, and more.
RockStep Solutions is revolutionizing drug discovery with a cloud platform that transforms the flow of data and operations. Their seasoned team of scientists from Jackson Laboratory, U.C. Berkeley, and NASA's Jet Propulsion Lab are solving the problem of data chaos for over 20 academic customers such as the UCSF Prusiner Lab (Nobel Laureate), UCSD, UCI, Columbia University and more, as well as Tier 1 pharmaceutical companies and biotechs. The company has raised over $2.5M to date.
Caressa is a voice-centric social network platform that brings together seniors, family members, and staff personnel at senior living facilities and provides entertainment, services, and products for seniors. The Company is currently preparing to launch a pilot with Brookdale Senior Living, the largest owner and operator of senior living communities throughout the United States.
OOTify is a mental health marketplace powered by technology, content, and community. The company fosters a safe environment for care, tips, tools, and resources, while tackling stigmas and educating the importance of investing in mental health. The company has built a consolidated hub for providers and a seamless experience for consumers with AI chatbots and telehealth that garners over 800 users and over 150 providers.
PreMinder simplifies patient-provider communication. The company's mission is to be the most effective and efficient Chronic Care Management solution for monitoring patient-provider care plans and adherence opportunities. PreMinder leverages automated patient contact and machine learning to drive patient-engaged healthcare and financial outcomes for partners. To date, the company is servicing physician clinics in New York, New Jersey and California and has over 2700 enrolled patients with a 90% retention rate, of which 40% are revenue-generating patients.
SaRA Health saves employers money by making personalized care scalable for their injured employees. The company's HIPAA compliant Simplifying Recovery Assistant, SaRA, generates personalized exercises quicker, increasing visibility and access outside of the physical therapy clinic, and improving patient outcomes. SaRA Health has partnered with Bardavon Health for a patient outcomes study and is preparing to launch multiple pilots with public and private employers.
Leveraging AR and AI, Visom Technology changes how surgeons see and operate by automatically overlaying images directly over patients and placing critical information within easy view, giving surgeons the insights they need, when they need it, to help make better decisions. Visom Technology will conduct a clinical study at the Medical University of South Carolina starting April 1st and prepare for FDA application in Summer 2019.
Nex Cubed is also excited to announce its Spring 2019 Digital Health Corporate Sponsors, Aptar Pharma, Cresa, and Sheppard Mullin.
About Nex Cubed
Nex Cubed is an investor that creates and accelerates frontier tech companies. Nex Cubed empowers entrepreneurs to bring new technologies to market, helps rising companies scale, and provides paths to liquidity - the power of three. We provide access to hundreds of founders, mentors, investors, and corporate partners, helping entrepreneurs drive innovation, value, and growth. We don't stop there. Nex Cubed exists to support the world's most promising entrepreneurs in achieving a lasting and profound impact on people, the planet, and profit – the Triple Bottom Line. To date, the Nex Cubed portfolio companies have an aggregate value well over $200M and over 50% of the startups are led by female and minority founders.
Applications for the Fall 2019 Cohort of Nex Cubed's Digital Health Accelerator will open on April 1st, 2019. To learn more about the program and to apply, please go to the Nex Cubed Healthcare website.
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