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Innovation & Job News

Could Philly's next big healthcare company come out of the Digital Health Accelerator?

Six early-stage healthcare companies comprise the 2016 class at the University City Science Center’s Digital Health Accelerator (DHA). These startups are developing technologies as diverse as enrolling sick pets in clinical trials to providing treatment for chronic wounds without a doctor’s visit.
Each startup in the just-announced sophomore cohort will receive up to $50,000 in funding, professional mentorship, and networking opportunities with key healthcare stakeholders including insurers, pharmaceutical companies, hospitals and research institutions. They’ll also receive a 12-month membership at the Innovation Center @3401 -- a partnership between the Science Center and Drexel University in collaboration with Ben Franklin Technology Partners of Southeastern Pennsylvania and Safeguard Scientifics
The 2016 DHA companies are:

Grand Round Table
The company's product emails primary care providers a daily summary of their scheduled patient follow-ups so they can better manage high-risk patients, keeping them out of the hospital.

Graphwear Technologies
This startup has developed the first graphene patch to measure dehydration, glucose and lactic acid levels, all from your sweat.

InvisAlert Solutions
The company uses a wearable device to help care providers monitor patients in institutional settings, improving compliance.

Oncora Medical
This enterprise has a tool for planning personalized cancer radiotherapy, reducing the incidence of toxic radiation side effects in patients and improving cancer center efficiency.

One Health Company
This startup helps to enroll ill pets in trials of cutting-edge therapies, improving their wellness and encouraging the development of new therapies for human medicine.

Tissue Analytics
This company transforms the smartphone into a platform for evaluating and measuring things like chronic wounds, burns and skin conditions. 
The 2016 class was selected from a pool of 69 applicants via a multi-stage process that emphasized the inclusion of women and minority entrepreneurs. The DHA employs a selection panel of industry and investor professionals -- including a number from outside the region -- to review applications and make recommendations.
As it turned out, all of the selected companies have some connection to the University of Pennsylvania or Drexel. Four of them -- Grand Round Table, GraphWear Technologies, Oncora Medical and Tissue Analytics -- are graduates of DreamIt, also located at the Innovation Center. Of the six companies in the second DHA class, three are women or minority-owned.
The Science Center launched the DHA in 2014; seven companies from the inaugural class have since gone from prototype to commercialization, creating 68 new jobs, generating over $1 million in revenue and raising almost $9 million in follow-on investment.
Funding from the U.S. Small Business Administration Growth Accelerator Fund enabled the second class of the DHA to continue to focus on minority and women-led businesses. The DHA also received support from the Commonwealth of Pennsylvania’s Department of Community and Economic Development

WRITER IN RESIDENCE is a partnership between the University City Science Center and Flying Kite Media that embeds a reporter on-site at 3711 Market Street. The resulting coverage will provide an inside look at the most intriguing companies, discoveries and technological innovations coming out of this essential Philadelphia institution.
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