Healthcare Technology Incubator MATTER Celebrates 100 Days of Accelerating Innovation
CHICAGO, May 26, 2015 –MATTER, the healthcare technology incubator for next-generation health IT, medical device, diagnostics and biopharma companies, has forged connections in its first 100 days that will help drive healthcare innovation.
MATTER brings together healthcare entrepreneurs, researchers, academics, industry leaders, investors and associations to collaborate on the development of new healthcare technologies that improve patient lives. The facility opened in mid-February.
Examples of partnerships that have been formed thus far include:
- Fibroblast and Presence Health have formed a partnership to streamline the patient referral process.
Fibroblast, one of the founding companies of MATTER, uses emerging technology to help physicians and hospitals manage patient referrals. Through its connections at MATTER, Fibroblast recently completed a partnership agreement with Presence Health, a health system with more than 150 sites of care including 12 hospitals. The partnership allows Presence to leverage Fibroblast’s patient referral technology across one of the largest health systems in Illinois while also helping Fibroblast further develop its web-based referral management software.
Prana Diabetes offers a disease management and peer support platform, StopSugar, that helps people with diabetes or pre-diabetes change their habits to better manage their condition. MATTER facilitated a partnership between Prana Diabetes and Chicago-based ContextMedia, a leader in developing digital media to educate patients. Prana Diabetes is now working with ContextMedia to develop a series of videos that give users the information they need to prevent or manage diabetes.
- Latticeworx forms a partnership to improve electronic medical records
Latticeworx, a company that uses IT solutions to help physicians make better medical decisions, is leveraging MATTER’s partnership with the American Medical Association to better refine its products. Latticeworx recently completed a partnership agreement with a major provider of Electronic Medical Records.
“These are a few examples of the many productive connections and collaborative relationships that have formed since we opened our doors in February,” said MATTER CEO Steven Collens. “These successes in our first days help us see how MATTER fuels innovation among our partners, members and the broader healthcare community, and help guide our future programs.”
In the coming weeks, MATTER will open The Stage, a multi-purpose, clinical simulation space; The Shop, an engineering lab for medical device companies; and the AMA Interaction Studio, a collaborative environment where clinicians and entrepreneurs can shape technologies to improve healthcare delivery. In addition, the health tech incubator will be launching several new initiatives designed to drive even greater connectivity between industry leaders, healthcare executives and entrepreneurs.
MATTER is home to more than 80 health technology startups and has partnered with more than 30 industry leaders, 3 world-class research institutions and 8 healthcare systems, and has raised more than $8 million to support its work.
MATTER began as a project of ChicagoNEXT, Mayor Rahm Emanuel’s council on technology and innovation, which is part of World Business Chicago.
MATTER is a community of healthcare entrepreneurs and industry leaders working together in a shared space to individually and collectively fuel the future of healthcare innovation. MATTER’s mission is to proactively connect and promote collaboration among entrepreneurs, scientists, physicians and industry partners to bring next-generation products and services to market that improve quality of care and save lives. For more information, visit matterchicago.com and follow @matterchicago.