INNOVATIONMAP EMAILS ARE AWESOME

Teamwork

TMC receives grant to collaborate with a government agency to enhance illness-detecting technology

The TMC Innovation Institute has been tapped by the government to collaborate on illness-detecting technology. Courtesy of TMC

The Texas Medical Center has been identified as a key partner for a national health-focused initiative. TMCx has been selected as one of eight accelerator programs to be a part of the program that focuses on identifying emerging health security threats, according to a release from TMC.

The United States Department of Health and Human Services has provided TMCx a $96,500 to conduct research and provide solutions for two different challenges within mitigating these risks.

"The first is 'pre-symptomatic' detection of illness, or detecting illness in patients and suggesting treatment before they even begin to show symptoms," the release reads. "The second is addressing sepsis, a life-threatening reaction to infection."

Sepsis, which is one of the most costly illnesses hospitals treat, affects 1.7 million patients a year.

HHS' Biomedical Advanced Research and Development Authority, or BARDA, has a new entity called DRIVe, which stands for Division of Research, Innovation, and Ventures. The effort will be lead by the new organization, which comes at a result of the 21st Century Cures Act that was enacted to spur health security within technology.

In July, HHS officials toured the TMC Innovation Institute campus before deciding to work with the accelerator. TMCx is no stranger to the national spotlight. In November, the organization was lauded for its accelerator program with a national award.

The accelerator has announced its eighth cohort of startups this spring. The 21 companies will be focused on digital health. Last cohort, TMCx accelerated 23 companies that raised $73 million by demo day.

In December, Erik Halvorsen, who had lead the Innovation Institute for a few years, abruptly left his position as director. Lance Black, associate director of TMCx, has been named the interim director.

Trending News

Building Houston

 
 

Seven startups walked away with cash prizes from this year's MassChallenge accelerator program in Houston. Photo via Getty Images

MassChallenge named its winners of its 2020 accelerator at a virtual event on October 22. The program awarded a total of $200,000 in equity-free prizes across seven startups from its second Houston cohort.

This year's program took place completely virtually due to the pandemic. Already, the 56 startups involved in the cohort have raised $44.4 million funding, generated $24 million in revenue, and created 297 jobs, says Jon Nordby, managing director of MassChallenge Texas in Houston, in a news release.

"This has been a year full of change, to say the least," he says. "But startups thrive in uncertain times — because they can move fast and remain agile, they are able quickly meet each new need that arises. I'm extremely proud of the startups in our 2020 cohort — during the course of the program, they've pivoted, adjusted, and evolved in order to grow their businesses."

The startups that won across the Houston cohort included Houston-based PATH EX Inc., which won the $100,000 Diamond Award, is focused on the rapid diagnosis and treatment of sepsis through an unique pathogen extraction platform.

Four companies won $25,000 Gold Awards:

  • Healium, based in Columbia, Missouri, is an extended reality device created for self-management of anxiety.
  • Ozark Integrated Circuits Inc., based in Fayetteville, Arkansas, specializes in problem solving using technology and software in the harshest environments – from jet engines to earth orbit.
  • PREEMIEr Diagnostics, based in Southfield, Michigan, created a way to identify which premature infants need an adjustment to their glucose levels to prevent them from losing vision.
  • Scout Inc., based in Alexandria, Virginia, is developing the first commercial in-space satellite inspection service.

Two companies won the Sidecar Awards, securing each a $25,000 Innospark Artificial Intelligence Prize.

  • Articulate Labs, based in Dallas, makes mobile, adaptive devices to help knee osteoarthritis and knee replacement patients rehabilitate on the go during everyday activity.
  • Houston-based Starling Medical has tapped into tech to optimize urinary catheter for patients with neurogenic bladder dysfunction.
The Houston Angel Network awarded Ozark Integrated Circuits their prize of $50,000.
"The progress these entrepreneurs made in just a few months has all of the hope, drama, anticipation, and optimism of seeing dawn break after a particularly difficult night," says Wogbe Ofori, Principal at 360Approach and a MassChallenge mentor, in the release. "It's fulfilling, actually, and makes me proud to be a MassChallenge mentor."
The seven startups were awarded alongside 27 other startups from this year's Austin, Boston, and Rhode Island accelerators at the virtual event. The event was hosted by Chris Denson of Innovation Crush, and featured a fireside chat between Arianna Huffington, founder and CEO of Thrive Global, and Linda Pizzuti Henry, managing director at the Boston Globe.
Earlier this fall, MassChallenge named its 10 startup finalists, whittled down from 56 from 13 countries and 13 states to its first-ever virtual accelerator, which began in June.

"In the face of great uncertainty, MassChallenge Texas in Houston charged forward and did exactly what they ask their startups to do: love the problem," says Houston Mayor Sylvester Turner in the release. "The successful pivot to virtual is a testament to the strength of their global community and the motivation of the Houston ecosystem to get behind new ideas and create businesses that will set roots and grow here.

"As one of the most innovative cities, Houston is a place where startups can thrive – even in the midst of a pandemic. Programs like MassChallenge provide the best practices and networks to ensure startups get the access they need to create sustainable businesses and lasting change."

Trending News