There is likely no one place more impacted by innovation than the emergency room. That’s part of the reason why AngelMD is proud to be in association with the American College of Emergency Physicians. A field of over 60 healthcare startups in emergency medicine applied to participate in the ACEP18 innovatED Innovation Challenge. Through an evaluation process completed by 50 emergency physician members of AngelMD, the top 4 innovations in medical device and top 4 innovations in digital health were selected to participate in pitch competitions in the innovatED exhibit space at ACEP18. Additional startups were allowed to exhibit in the space as well.
The presenters, determined by emergency physicians from ACEP and AngelMD:
The exhibitors, determined by emergency physicians from ACEP and AngelMD:
After all of the pitches were complete, a panel of four emergency medicine experts deliberated on the winner. Attendees of the Innovation Challenge, as well as well as those watching the live stream through AngelMD also cast their vote for their top innovation. With the audience favorite counting as the fifth judge, over 350 participants cast their votes for winners from the Digital Health and Medical Device categories.
UBQ was chosen as the winner for Digital Health. The company specializes in helping emergency departments increase revenues, decrease cost, and improve the care experience for both patients and staff. UBQ’s Resource Prediction Machine uses artificial intelligence to predict the severity of patient illness on arrival. This helps provide for better triage, more efficient queues, and treatment clarity.
In the Medical Device category, HeartHero was chosen as the winner. HeartHero is focused on changing the dismal outcome of sudden cardiac arrest. The company has developed a smaller, lighter AED than any that is currently on the market. The device is powered by a standard 9-volt battery, and is perfect for use in any at-risk household.
Each winning company received a prize package that includes a $5,000 credit toward investment syndication services through AngelMD. These services include investor accreditation verification, the creation of a special purpose vehicle for angel investors, stock issue documents, the collection of digital signatures, collection of funds, and escrow service for the investment syndicate.
The two companies will be invited back to ACEP’s 2019 conference in Denver, where they will be provided with a booth space valued at over $3,000.