MedStartr 3.0: Healthcare innovation powered by crowds

by Alex Fair, MS, Pathology

In 2016 we are doing a televised Conference, Opening our first fund, and want to help 200 new ideas in healthcare get found and funded faster. Oh and we also launched this new site!
New York, NY United States Community Patient Power Tools!

All Team Company Patients Physicians Hospital Partners Mission Innovation Details Supporters Comments Updates

About our project

The problem we solve:
We need more medical breakthroughs but innovation in healthcare is tough. Patients, Doctors, Nurses, and care providers want to get and give better care, but they have no say in what innovations get funded. Similarly, partners and investors want to work with the best new ideas, but investing in healthcare is inherently risky. This makes it particularly difficult to innovate in healthcare.

About our solution:
MedStartr helps bridge the gap in healthcare by allowing new ideas to get found by millions of patients and providers that care about getting and giving better care. This provides market validation that hospitals and partners can utilize to help them see which ideas are best so they know which ideas to pilot and partner with. Ultimately, investors watch what happens and invest in or partners acquire companies that do well on the platform and events we have run for the last four years. Now, we are scaling up and starting our own fund to invest in the best.
Progress to date:
We have helped hundreds of new ideas get to market faster and get funded, changing healthcare. In 2013 we started using crowd challenges to help our partners find the best companies as well. In 2015 we did our first MedStartr Momentum conference and put 16 companies on stage. In 2016 we are opening our accelerator fund to invest in companies that do well on the platform. We have had millions of site visits and helped millions get new ideas into their care and are very happy with our progress so far.

About Our Team


Creator: Alex Fair
Location: New York
Bio: While working on his Ph.D. in Pathology at the Medical College of Wisconsin, Alex took a break to found his first health tech startup. That first company was bought by a company that had just gone public and he has never looked back, starting new companies and running them ever since. He still wants to cure cancer and fix healthcare, but now he does so by enabling hundreds of new companies to get to market faster and more reliably. He has also served as adviser or mentor to over 120 startups.
Title: CEO
Advanced Degree(s): MS, Pathology
Twitter: alexbfair
LinkedIn: http://linkedin.com/alexfair

About Our Company

MedStartr, Inc.
Location: 1106 Broadway
706
New York, New York 10007
Website: http://medstartr.com
Blog: http://about.medstartr.com/medtalkr
Twitter: @MedStartr
Facebook: http://facebook.com/MedStartr
Other link: http://MedMo16.medstartr.com
Other link: http://MedStartr.tv
Product Stage: In the Market
YTD Sales: Less than $250,000
Employees: 5-10

How We Help Patients

Never before have patients been able to lead change in healthcare, now we can. Most projects that succeed do so first by having a crowd of interested patients support it. This starts a wave that next encourages Physicians, Nurses, and other care professionals to offer to adopt. Next we see partnerships and pilots forming and team members and mentors signing up. Finally the investors come and make it all good. Please support this campaign and demonstrate this model for all to see. Thank you for your support!

How We Help Physicians

We help providers have a say in what comes next. No longer will innovation be dictated without the input of physicians, nurses, PAs, PTs, OTs, and care providers of all types. Here on MedStartr, at our events, and the InnovatewithAMA.com site we manage thousands of care providers have weighed in on innovation and helped make the magic happen. When providers get behind an idea, partners, institutions, and investors pay attention. We help providers by giving them a place where their input is valued. We also have mentor panels you can join. Just fill out your profile and apply to be on one today!

How We Help Hospitals

We help hospitals know which ideas everyone wants them to have. It is never easy

How We Help Partners

Partners and Investors can look at the data we collect in crowd challenges and campaigns.

Challenge Mission

Market Size
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Projected 3 Year Growth
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How We Will Make Money


About our Competition


Progress with Customers to date

Innovation Details

Intellectual Property Summary
Our Platform and crowdmetrics capture and analyze data unavailable to any other investment fund on early stage startups. Our unique Crowd Challenges, coupled with our reach, crowd, network, platforms, software, and massive engaged mentor network provide a highly efficient way to source, select, grow, and exit early stage companies in healthcare. Rather than guard this IP, we build platforms for other investors and stakeholders at cost with the caveat that we also want the data and to co-invest.

Patent Link
Not Applicable

Clinical Information
We check the clinical basis of every project we approve. Alex Fair, Theresa Merrill and our panel of experts go deep on the projects and make sure that no snake oil is allowed to be sold through our platforms. The best way to get your project rejected is with a false claim. Try it, see what happens. Theresa loves finding that one study that indicates that your idea is dangerous - if it is out there, she will find it!

Regulatory Status
We work with the FDA as needed and help our clients stay within FDA guidelines for pre-marketing of new ideas in healthcare. We also help populate clinical trials faster and far less expensively than traditional methods. We actually were being shut down by our payment processing vendor back in 2013 because we were enabling sales for unapproved medical devices. So we called our friends at the FDA who asked our payment "pals" to stop trying to do their job. And we all lived happily ever after.

How we will use the funds raised
While this site seriously kicks ass compared to versions 1.0 (crowd funding) and 2.0 (crowd challenges), there is so much more we are planning on doing: 1. Helping 1,000 medical and healthcare innovations per year get out to market faster 2. Helping over a billion dollars in business and capital be applied to the best new ideas 3. Helping grow 400 Healthcare Innovation Ecosystems around the world with Community Building and Event management tools built into the platform (did you know that MedStartr grew out of the world's largest such group - see MedStartr.nyc) 4. Run a Crowd Challenge every month co-sponsored by partners and investors in healthcare innovation 5. Televise this revolution every week into millions of homes by broadcasting the best Damn healthcare innovation crowd conferences and events 6. To return over 200% IRR for our investors in Fund I and raise Fund II to take advantage of the pro rata rites Fund I earns for being so dang early and right

Thank You
We are proud to have been able to have helped so many early stage companies and organizations do so much good but we NEVER would have been able to do anything without YOUR support. There are far too many to name, but we would like to thank Regina Holiday, Kim Whittmore, ePatient Dave, Susannah Fox, Fred Trotter; Eugene Borukovich, Craig Lipset, Todd Park, Craig DeLarge, Anthony Manson, Jeff Blackman, Cheryl Pegus, Lisa Kennedy, Meg Barron, Dan Gandor, Mimi Rosenfeld, Matthew Browning, Donna Cusano, Sarah Krug, John Wilson, and thousands more for their support. We are nothing without you. Thank you. Yours Truly, Alex, Anthony, Tom, Theresa, Stephanie, Jordan, Gautam, Sathish, Kuppu, Mimi, Kat, Mike and the gang

Supporters

Comments

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    Alex Fair posted on 6th August, 2016

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