Chronic Care Solutions, a company founded by junior Anthony Breen, is one of eight startup companies chosen in the Innov8 for Health Startup Accelerator competition and will participate in an intensive 12-week accelerator program this summer.
Breen, who is majoring in entrepreneurship, finance and accounting in the Williams College of Business, set up his company to improve health care for patients with Type 1 diabetes at less cost. Using digital media and social gaming dynamics, the product increases patients’ understanding about effective diabetes management to support positive lifestyle behavior change and treatment and works with patients from initial diagnosis through long-term management.
In April, Breen 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," said Breen, of Walpole, Mass. “I appreciate the recognition and support of Innov8 for Health.”
Daewoo Park, chair and professor of management and director of Xavier’s Sedler Center for Entrepreneurship and Innovation, said he is proud of Breen’s accomplishments. “He has great passion for entrepreneurship and embraces Xavier’s focus on engagement, ethics and excellence.”
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.
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 to improve health, attract and retain top talent and create jobs. Future phases of Innov8 for Health include a Startup Accelerator from June 11–Aug. 30; a Launch Pad Startup Showcase on Aug. 31; an Idea Expo in September; and a Business Concept Expo in spring 2013. Visit Innov8forHealth.com to learn more.