November 26, 2014
Founders' Note

Global innovation is heating up with reports that French companies will make up one third of all CES 2015 startups, but the international tech surge doesn’t stop there. This week’s Insider has details on Spain’s new immigration laws to boost entrepreneurship and the global scoop on health wearables...and for those of you who celebrate, Happy and Healthy Thanksgiving!

 
-- Steven Krein & Unity Stoakes, StartUp Health co-founders
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Alternate opportunities are emerging for entrepreneurs to fund their innovations. Gain inside access on how to unlock grants and gain credibility for your startup from Healthify’s Manik Bhat on the latest episode of StartUp Health NOW.   

50+ focused digital health companies have raised $269M so far this year with new opportunities for entrepreneurs developing every day. Explore the biggest investors and innovators in the space and discover which new technologies the 50+ want and need to manage their health in our free report with AARP.

#headlines

Spain is fostering innovation by welcoming international entrepreneurs. Through new reform that helps fast-track work visas for immigrants planning to start businesses, Spain has already opened its borders to 3,800 entrepreneurs with the number expected to steadily rise. New York Times

Providers and consumers are closer to seeing eye-to-eye on digital health tools according to a new study by PwC. The two groups are most closely aligned on the use of mobile apps with 65% of consumers reporting that they use health apps and 68% of physicians willing to prescribe an app for health management. MedCity News

Researchers see game-changing opportunity in mHealth tools for hard-to-reach patients. With a reported 90% of US adults owning cell phones, UCLA researchers are hoping to uncover whether mobile tech can help them reach at-risk populations through a study of of young, gay black men. LA Times

About half of global consumers surveyed know about health wearables, but the devices are still not mainstream says new MEF research. When compared with the one billion smartphones that shipped out worldwide last year, health trackers are reaching a much smaller audience with only 22 million devices sold. Expect these numbers to change quickly! MobiHealthNews

#academy

Nutrition-planning app Nutrify took home the top prize at the NYeC Patient Shark Tank last week. The app, which is used by hospitals to tailor patient’s dietary needs, beat out the competition by focusing on its clinical uses. Nutrify shared the prize with cost transparency app Clear Health Costs. MedCity News

Entrepreneurs from @Point of Care, AccelDx and CoheroHealth will take the stage with StartUp Health’s Unity Stoakes at mHealth Summit next month to discuss the clinical uses of digital health. The panel will explore the many uses of medical-grade health technology and will also highlight the growing market at large. mHealthNews

Care at Hand, Carelinx, CarePredict, LifeAssist and WalkJoy are contributing to the growing 50+ digital health market. With 50+ focused companies raising $269M so far this year, the opportunities for digital health entrepreneurs are continuing to expand in this diverse space. MedCity News

StartUp Health launched the first Syndicate on AngelList focused exclusively on healthcare! Learn more and back us here.

StartUp Health Academy

For entrepreneurs who are transforming healthcare, StartUp Health Academy is a global, long-term coaching program and trusted peer network focused on increasing the equity value of its startups.

#events

mHealth Summit
Dec. 7-11 National Harbor, MD
Join thousands of innovators and industry leaders next month to explore the latest improvements in mobile health. Make sure to check out the StartUp ‘Mobile’ Health Pavilion while you’re there to meet the companies disrupting healthcare. Our partner code SUH14 will save you $100 off your ticket when you register.

HITLAB Innovators Summit
Dec. 1 New York City
Experience the power of big data and interconnectivity in patient care at this NewYork-Presbyterian-sponsored event. Don’t miss StartUp Health President Unity Stoakes and make sure to use our code startuphealth when you register to take $150 off your ticket.

For more digital health events, visit our website.

#insights

So far, digital health companies have raised $6.95B in 2014, according to StartUp Health Insights. Here are a few of the most recent deals:

Chicago-based Valence Health led funding this week with $15M from Heritage Group and others to expand its population health platform to more providers. The two-decade old company has 75 existing clients and plans to use the funds to build its team and expand its sales efforts. Modern Healthcare

Home diagnostics startup Cue secured $7.5M from Sherpa Ventures and others to continue bringing consumers mobile medical insight. Cue’s testing device and corresponding app detects and reports five different health indicators including testosterone and vitamin D levels. MedCity News

Research and development software company Riffyn took in $1.8M of seed funding to continue its mission of creating reproducible study results. The round — led by O’Reilly AlphaTech Ventures — will help the company enhance its analytics software, which streamlines the R&D process for repeatable outcomes. MedCity News

Digital Health Funding Rankings Q3 2014

Per the StartUp Health Insights report, 2014 is shaping up to be another record year for digital health, with $5B invested in the first three quarters of the year. Funding in the sector is on track to nearly double year-over-year.

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