Texas Medical Center, Village Capital Look to Boost Health Startups

Xconomy Texas — 

The Texas Medical Center hosted a dozen digital health startups this week as part of a program with Village Capital, a Washington, DC-based venture firm.

The program, called VilCapUSA, marks the debut of the medical center’s new accelerator space, TMCx, which will unveil its own inaugural class of healthcare startups in March. “Working with Village Capital was a great opportunity to set the tone right out of the gate, that TMCx is really about the best digital health, medical, life science companies in the world,” says Bill McKeon, TMC’s COO and chief strategy officer.

The startups spent four days at the medical center in workshops designed to help the entrepreneurs develop business plans through access to mentors like investors, physicians, and successful company founders. The group will travel to Salt Lake City, UT, next month, and they will finish the program in Houston in February. Two of the startups—chosen by their peers in the group—will receive $50,000 each, funded by both the TMC and Village Capital.

“TMC is a nexus of what can be an incredible laboratory to build entrepreneurs and grow disruptive health companies,” says Ross Baird, Village Capital’s executive director.

Village Capital runs 35 similar startup programs around the world and has 500 alumni entrepreneurs. “Getting quality healthcare for everyone is a critical imperative for society and we think entrepreneurs can be the engine of that,” Baird says.

The visiting startups hail from all over the United States, as well as one from India. Two of them are Texas-based: NavAssist in Houston and Healarium, in Irving, TX, just outside Dallas. Here are more details about them:

1DocWay builds tele-psychiatry networks for hospitals.

AsthmaMD is building a mobile app with a “Peak Flow Meter” to gauge lung performance.

BoardRounds is an app to support emergency room follow-up care.

Hybrent has a supply chain management system for hospitals.

iRxReminder is a mobile patient data gathering and monitoring system.

Healarium is a care coordination platform for hospitals and physicians.

NavAssist helps patients and oncologists navigate cancer treatments.

Seratis has a mobile network of a patient’s healthcare providers and family members to better coordinate care inside and outside the hospital.

Speak MODalities has developed software apps that help kids with autism learn speech and language skills.

Symptify is a virtual doctor visit that helps users narrow the causes of their symptoms and find the closest place to get care.

Uberhealth helps people manage their parents’ healthcare remotely.

VerbalCare makes patient engagement software.