Cincinnati’s Innov8 for Health Startup Accelerator selected its inaugural group of startup companies for this summer’s intensive 12-week accelerator program. The innovative health care businesses will work with established mentors from various sectors of the health care industry and business community, develop a working prototype for their product, and meet with well-known venture capital firms and angel investors to seek funding for future growth.
Xavier entrepreneurship/finance/accounting junior Anthony Breen’s company, Chronic Care Solutions, was a winner. In April, the Walpole, Mass. native won Xavier’s JUGAAD competition and earned his entrepreneurship Blue Belt. His company will receive intensive, on-site business mentoring from several dozen executives as well as access to a unique group of advisors from well-established health care institutions and health technology companies. Chronic Care Solutions will get space at the Live Well Collaborative, part of the University of Cincinnati’s Innovation on Vine project and will receive $20,000 in startup funding from Ohio New Entrepreneur’s (ONE) Fund.
"Xavier's well-rounded curriculum and extensive mentoring has given me the ultimate tool belt needed by a young entrepreneur," says Breen. “I appreciate the recognition and support of Innov8 for Health.”
Chronic Care Solutions seeks to improve the health of and reduce the costs for patients with Type 1 diabetes. Using digital media and social gaming dynamics, it increases patients’ understanding about effective diabetes management to support positive lifestyle behavior change and treatment adherence. It works with patients from initial diagnosis through long-term management.
“We are very proud of Anthony,” says Daewoo Park, chair and professor of Management and director of Xavier’s Sedler Center for Entrepreneurship and Innovation. “He has great passion for entrepreneurship and embraces Xavier Entrepreneurship’s focus on engagement, ethics, and excellence.”
Innov8 for Health is a community-wide initiative to create a health innovation ecosystem. Working with local and national partners, it identifies, incentivizes, and supports innovators to create new solutions that provide better heath and better care at lower costs. By leveraging technology to improve care quality and patient outcomes while reducing costs, it creates a competitive economic advantage for Greater Cincinnati. The three primary goals of Innov8 for Health are improve health, attract and retain top talent, and create jobs. Future phases of Innov8 for Health include:
• Startup Accelerator - June 11, 2012 – Aug. 30, 2012
• Launch Pad Startup Show Case – Aug. 31, 2012
• Idea Expo – Fall 2012 (Challenge to be announced in Sept. 2012)
• Business Concept Expo – spring 2013
Visit www.Innov8forHealth.com to learn more.