Twenty-one companies pitch medical innovations at TMCx Demo Day 2015
Houston, TX – September 11, 2015 – Texas Medical Center’s (TMC) life science accelerator program, TMCx, gathered Thursday to present their progress and future plans during TMCx Demo Day 2015. Twenty-one TMCx companies pitched their technologies to an audience of over 400 participants comprised of investors, hospital stakeholders, industry partners and advisors at TMC’s Innovation Institute, a 100,000-square-foot, state-of-the-art facility.
“We are extremely proud of our first group of TMCx entrepreneurs,” said Dr. Robert C. Robbins, President and CEO, TMC. “From ideation to commercialization, we have worked closely with entrepreneurs to refine their ideas, plans, products and services that seek to advance and improve human health.”
Throughout the six-month program, the TMCx participants had access to more than 50 hours of entrepreneurship curriculum including the Lean Startup methodology, 110 advisors, and the opportunity to attend over 20 industry networking events. In addition, TMCx companies engaged with hospital stakeholders from the TMC to refine their value proposition and determine their product/market fit.
TMCx companies were also able to engage the largest collection of top physicians, scientists and business expertise on one campus, which serves over 7.2 million patients annually. In addition, TMCx companies participated in the accelerator without the financial burden or requirement to accept dilutive funding.
Major milestones from the first TMCx program include:
? TMCx companies have raised a total of $45 million to date and current fundraising efforts are underway to raise an additional $38 million
? TMCx has helped facilitate 35 new customer engagements including contracts, pilots and studies with TMC member institutions and other organizations
? Participating startups have hired 25 additional employees since March
Companies included in the TMCx 2015 class are:
? Adient Medical develops absorbable medical devices that serve a purpose and then vanish without intervention. ? Admetsys has developed the first fully-automated glucose control system specifically for the needs of hospital and surgical care.
? BrainCheck is a mobile software platform providing tracking and management of cognitive health using simple video-game-like tests.
? Clear Ear is a better way to clean your ears.
? Creative Bioinformatics has developed the industry’s first online marketplace, the MyBioinformatics.com Platform, to connect freelance bioinformatics scientists with custom projects in academia and industry.
? Delafield Solutions provides continuous, comprehensive anti-microbial solutions for health care environments.
? DiBS creates interactive data visualization tools to catalyze discovery.
? ECM Technologies is designing bacterial-derived, customizable collagens for biomedical needs.
? Gauss Surgical offers the world’s first FDA-approved real-time monitor for surgical blood loss. And it runs on an iPad. ? iShoe devices quantify and track balance, empowering users to be proactive about their health. Do you know how well you balance?
? Laser Tissue Welding enables laser mediated, sutureless surgical repair on any tissue surface using human based bio-absorbable biomaterials.
? Medical Adhesive Revolution is developing next generation surgical adhesives – polyurethane-based glues that reinforce suture lines, stop bleeding and seal wounds on the skin and inside the body.
? NanoLinea creates novel medical treatments based on carbon nanotube fiber technology.
? Noninvasix has designed a noninvasive monitor of fetal cerebral blood oxygenation to reduce the incidence of cerebral palsy and caesarean section.
? Oxitone Medical is a bracelet pulse oximetry platform that provides continuous supervision of pulmonary, heart and sleep related diseases to empower preventative care.
? Proximare Health is creating an automated, intelligent referral process that matches patients, treatments and providers to increase revenue retention, enhance care coordination and improve patient satisfaction.
? Redox is the modern API for EHR integration.
? Sage Health is building location-based apps and analytics for a more connected hospital - to enhance the patient experience and streamline clinical care delivery.
? SemanticMD provides a collaborative annotation and visual search platform for physicians analyzing medical images. ? Skylit Medical is a handheld device with cutting edge lighting technology that provides access to clear skin for millions of patients with psoriasis, eczema and vitiligo.
? Will 2 Love provides mobile online counseling for sexual or fertility problems related to cancer or other chronic illness Applications will open in early October for the second TMCx class which will launch in January 2016. For more information, visit www.tmc-x.org.
About Texas Medical Center
The largest medical complex in the world, the Texas Medical Center is internationally recognized and home to many of the nation’s best hospitals, physicians, educational institutions, researchers, and the largest concentration of life-sciences experts. For the first time in its history, the Texas Medical Center has aligned the multi-institutional expertise to formulate five institutions dedicated to: Health Policy, Clinical Trials, Regenerative Medicine, Genomics and Innovation. Together, these institutions will advance the Texas Medical Center as the global leader in human health and life sciences.
About TMCx
TMCx is the Texas Medical Center’s accelerator program housed in a 100,000-square-foot, state-of-the-art facility, designed to catapult the development of early-stage companies. TMCx is one of the core components of the Texas Medical Center’s Innovation Institute and the first step in the Texas Medical Center’s long-term plans to become one of the world’s premiere life science commercialization clusters. TMCx provides life science and digital health entrepreneurs the essential resources for growth including office and meeting space, training curriculum, a core group of business and legal experts and a network of advisors and potential investors. The inaugural TMCx program launched in Spring 2015.
PR Contact
Laura Jones/Dancie Perugini Ware Public Relations, ljones@dpwpr.com, 713.224.9115
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