Healthbox, a business accelerator focused on healthcare technology and technology-enabled companies, has selected 10 startups, including Kosmo Technologies, to participate in its inaugural fast-track program.
Healthbox, a business accelerator focused on healthcare technology and technology-enabled companies, has selected 10 startups, including sleep apnea feedback device manufacturer Kosmo Technologies, to participate in the inaugural Healthbox Salt Lake City Accelerator. The accelerator was launched through key partnerships with Health Equity, Intermountain Healthcare, Zions Bank, and Beckton, Dickinson, and Company (BD).
Kosmo Technologies is developing an airway feedback device that can identify in real-time if an oral appliance will work for a patient, as well as the optimal jaw position, to treat obstructive sleep apnea.
Grace Brown, program manager at Healthbox, says, “When choosing companies we take into account the quality of the business idea, the founders’ experience, the market opportunity, and the company’s revenue model. We also consider whether the company is a good strategic fit with Healthbox.”
The accelerator was launched through key partnerships with Health Equity, Intermountain Healthcare, Zions Bank, and Beckton, Dickinson, and Company (BD).
Each of the selected companies has been offered an initial seed investment of $50,000 from Healthbox. They are now participating in the 3-month business accelerator and will have access to the partners and global expert network of Healthbox in order to support their growth in a complicated healthcare system.
Brown says Kosmo Technologies was selected because, “we like the market and are impressed by their management team. The market for sleep apnea is large and undertreated due to problems with patient compliance.”
The other companies participating in the Healthbox Salt Lake City accelerator include:
- Asserta Health, Liyen Inc, the creator of Slyder, a spacer device for asthma inhalers;
- LowestMed, a provider of prescription drug pricing information;
- ProMD, who shows discharged patients what they need to reduce hospital admissions;
- simplicityAirway, developer of an adapter device that enables endotracheal intubation;
- Symptomly, a communication portal for hospitals and insurance companies;
- Tute Genomics, a cloud-based platform for healthcare organizations;
- XableCath, the developer of a catheter-based device for obstructed lesions; and
- whatsnewMD, the creator of a platform for evaluating medical technology.
The Healthbox curriculum aims to “ensure that each company has a stronger product, a clearer value proposition, an effective team, and a sound revenue model by the end of the program,” Brown says, adding that each company sets individual goals at the program’s start and the group works “together with them to ensure they achieve those goals.
Cassandra Perez is associate editor of Sleep Review. CONTACT [email protected]