BIO 2019 Innovation In Healthcare Pop-Up Recap

This week, BIO 2019 took place in Philadelphia from June 3–6th and drew more than 16,000+ innovators and global biotech and pharma leaders from 67 countries. Mount Sinai Innovation, Ogilvy and humble ventures were pleased to host the exclusive BIO 2019 Innovation In Healthcare Pop-Up.

This invite-only event was held on Tuesday, June 4th, at SOUTH Jazz Kitchen in the hip Spring Garden neighborhood. Attendees came together for an evening of cocktails and networking with top health innovators, VCs, entrepreneurs, startups, and cross-industry executives.

The programming included an interactive discussion with enterprise innovators from the healthcare industry and quick pitches from selected startups. This select group of attendees also enjoyed good food and follow-up discussion with fellow innovators while enjoying smooth jazz.

The Partnership & Ecosystem panel was rich with expert opinions, providing for dynamic and compelling conversation around a host of topics.

Speakers:

• Erik Lium — Executive Vice President, Mount Sinai Innovation Partners
• Ethan Wergelis-Isaacson — Program Manager, HealthTech, Dreamit Ventures
• Ritesh Patel — Chief Digital Officer, Health & Wellness, Ogilvy
• Joe Spector — Co-Founder & SVP Business Development, hims & hers

The following are top quotes and takeaways from the panel as well as the curated startup showcase concluding with a photo gallery from the day’s event:

• Our aim is to foster the development of collaborations and research partnerships.
• Look for partnerships to make healthcare more affordable and accessible to consumers
• Our job is to move innovations to later stages.
• When partnering with startups, they have to be ready to scale and have a line of sight into their next round of financing.
• Digital health space is getting crowded.
• Companies have to be solving a really big problem.
• Bring key decision makers into the room, deals can move faster.
• Startups have an appetite for more industry relationships.
• We’re building more activities to lead to more collaboration like courses, hackathons, and events.
• It’s about creating a culture that provides a lot of different resources that your community can engage with to learn about innovation, entrepreneurship, and commercialization.
• You have to really know who your customer is.
• Know the difference between signal vs noise. Great companies don’t flourish because of just noise.
• Engaging with academic institutions or medical center can be beneficial to learn from as well as demonstrate value.
• You can be given instant credibility when you’re able to say you’re a spinoff of a health system.

Showcase of curated innovators in healthcare:

Open Health Network — Platform uses Blockchain and smart contracts to enable HIPAA-compliant data sharing among various players in the healthcare ecosystem.

Hu-manity — A mobile Application available globally on Apple iOS and Android empowering consumers to ensure their data is protected.

Medopad — Medopad works with the world’s leading healthcare providers and systems to improve medical diagnosis, enhance treatment, expand professional knowledge, and empower the public they serve.

Novotalk — Novotalk is a startup that develops on-demand (asynchronous), self-directed speech and language teletherapy solutions, which allow those with speech impairments to learn, practice, gain and maintain comprehensible speech.

RxHealth — An enterprise-wide solution to seamlessly integrate evidence-based digital tools.

Allerdent — Allerdent® is formulated as an easy-to-dispense, customizable toothpaste that incorporates and stabilizes the immunotherapeutic agents used to treat food and respiratory allergies.

If you’re interested in learning more about Mount Sinai Innovation and how to drive innovation forward in healthcare, fill out a Contact Form and follow us on Twitter.

Mount Sinai Innovation is an open innovation program designed to find solutions to healthcare challenges that have the potential to impact health globally. Solving tomorrow’s healthcare challenges requires today’s preeminent organizations to interface with healthcare systems in ways that they haven’t needed to in the past. Mount Sinai Innovation fosters long-term partnership between preeminent organizations and Mount Sinai’s forward-thinking leadership, faculty, and students. Participating organizations are matched with a navigator, a Connector-In-Residence across the Mount Sinai Health System that helps hone in on nodes of value and activate the right Mount Sinai resources to optimize partnership.