New to this year’s TEDMED conference is The Hive, a gathering of some of today’s best and brightest new entrepreneurs and innovators in health and medicine presented in association with the Start Up Health Network.
To select the innovators, TEDMED assembled a curation team of proven industry leaders, who chose 50 innovators from some 250 applications. Winners include startups, government agencies, and nonprofits. They are presenting their work in a 30,000 square foot superstructure on the grounds of the Kennedy Center in Washington, D.C. Several are launching their companies at TEDMED.
The idea behind The Hive was to create a space to foster multi-discplinary collaboration at all levels, where innovators and entrepreneurs can connect with each other and TEDMED delegates, who are leaders and experts in a vast array of fields.
Below are a few of The Hive participants that represent the broad range of innovation presented.
AdhereTech created smart pill bottles that improve medication adherence, an issue that costs the healthcare industry billions of dollars a year. The bottles measure the exact number of remaining doses in real time and send this data wirelessly into the cloud to remind patients to take their medication via phone call or text message.
AdhereTech founder Josh Stein explains, “Non-adherence is an enormous issue and stakeholders really resonate with the product. Particularly, healthcare professionals enjoy the ease of use from the patient’s standpoint, the real-time transfer of data, and the inviting product design.” The company is set to begin revenue-generating pilot deals with The Walter Reed Army Medical Center, The University of Pennsylvania, and other medical institutions this summer.
76 Million Baby Boomers are retiring and over 90% want to age at home. Now more than ever, the market is ready for solutions that help older adults age in place. QMedic is a wearable sensing platform that enables seniors to do so while keeping them connected, healthy, and safe in the home. It passively monitors physical activity, sleep, and falls, and provides real-time alerts to caregivers to identify abnormal behaviors and emergency events.
“For thirty years, panic buttons have been reactive devices, which count on users pressing the button,” says Sombit Mishra, Founder and CEO of QMedic. “ QMedic intends to move the market away from reactive devices towards passive sensing and predictive systems.”
Scientific research has become highly specialized and requires teams of researchers to work together to solve complex problems. However, research shows that only five percent of colleagues separated by more than 90 feet are likely to collaborate weekly. Science Exchange is a community marketplace for scientists to list, discover, access and pay for scientific services. The Exchange helps researchers access resources and expertise, and connect with providers who can conduct their experiments. By enabling scientific research to proceed more quickly and cost effectively, Science Exchange hopes to accelerate the development of new effective therapies and diagnostics.
“Finding and incentivizing the best researchers to work together is often complicated,” says Science Exchange founder, Ryan Abbott. “Science Exchange provides a marketplace to enable easy access to the best expertise and instrumentation available at and incentivizes researchers to collaborate via a simple fee for service ordering system for expertise.” Science Exchange lists more than 400 research institutes with more than 4,700 scientific services available at this time.
According the American Medical Association, 60 percent of all human illness is caused by stress and the single largest cause of stress is the workplace. SOMA Analytics developed a smartphone application to measure, manage and predict employee wellbeing.
“The equation is simple,” says founder Johann Huber. “SOMA Analytics eliminates unhealthy work stress and thereby considerably contributes to a healthier and happier self.” The company is working to compile the largest, most accurate set of real-time data on employee wellbeing in the world.
Nanoly Bioscience is working to solve a problem that plagues health care providers in remote areas. According to the World Health Organization, 2.1 million people die each year from vaccine-preventable diseases and many of those people live in hard-to reach areas of the world. Nanoly Bioscience is developing a polymer that enables vaccines to survive without refrigeration, which helps to decrease vaccination costs and vaccine spoilage – especially in remote areas of the world.
“By increasing immunization rates, we can reduce and potentially eliminate the chance of a debilitating disease outbreak,” says Peter Matheu, co-founder. “A thermally stable vaccine can go a long way towards improving immunization access for millions worldwide.”