DreamIt Health announces 2015 class, moves to Inner Harbor - Technical.ly Baltimore

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Jan. 26, 2015 2:01 pm

DreamIt Health announces 2015 class, moves to Inner Harbor

Along with welcoming its new class of health IT startups, DreamIt Ventures is moving to a year-round coworking space at Power Plant Live.
DreamIt Health Baltimore kicks off its first four-month accelerator for health IT companies at a January 2014 event in Fells Point.

DreamIt Health Baltimore kicks off its first four-month accelerator for health IT companies at a January 2014 event in Fells Point.

(Photo by Andrew Zaleski, file)

Updated with additional information from DreamIt Health Managing Director Jason Hardebeck and Managing Partner Elliot Menschik. (1/26/15, 6:00 p.m.)

DreamIt Health Baltimore announced its second cohort on Monday.

The startups that make up the accelerator’s class of 2015 include a telehealth platfrom, an app to improve patient handoffs and a photo-sharing service for healthcare professionals. Five of the six companies are from outside Baltimore, with one hailing from Spain. Officials also noted that two of the companies are female-founded.

The accelerator provides up to $50,000 in seed funding for each startup, with the potential to receive up to $250,000 in follow-on funding after a startup’s first independent investment round. Participants also receive access to mentors, investors and medical professionals, pro bono legal services from four law firms, as well as up to $25,000 in Amazon Web Services credits. In exchange, DreamIt takes an 8 percent equity stake in each company, which is split among DreamIt and supporting partners.

With the beginning of the class of 2015, the accelerator is completing a move to a new space within Inner Harbor’s Power Plant Live. DreamIt Health will be the anchor tenant of a space in the Bernstein Building (8 Market Place) that is being developed by the Cordish Company. DreamIt Health will maintain a presence in the space year-round, said DreamIt Health Managing Director Jason Hardebeck.

The University of Maryland and the Abell Foundation also joined as supporters of DreamIt Health in 2015. Existing partners include Johns Hopkins University, Biohealth Innovation (BHI), the Economic Alliance of Greater Baltimore (EAGB) and Maryland DBED.

Here are details about the six companies, via DreamIt Health:

  • Baton (Baltimore, Md.): A mobile app designed to ensure more efficient patient handoffs between hospital teams.
  • Decisive Health Systems (San Francisco, Calif.): A platform that helps practices increase revenue, improve outcomes and enhance patient satisfaction with software that supports shared decision making.
  • InsightMedi (Spain): A photosharing network for the healthcare industry that is designed to “enhance education and enable curbside consultations on a large-scale.”
  • REAL Dietitian (Chicago, Ill.): A telehealth platform focused on increased access to dietitians and other medical nutrition therapy providers.
  • Redox (Madison, Wis.): A modern API that enables software developers to integrate with legacy health IT systems.
  • Sisu Global Health (Grand Rapids, Mich.): A company that makes devices for the “most challenging” medical environments. The startup’s first device enables auto-transfusion of hemorrhaging patients in the field, which is designed for use by the military and in the developing world.

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