Congresswoman Robin Kelly Visits with Healthcare Innovators at MATTER

CHICAGO, Jan. 20, 2016U.S. Representative Robin Kelly (D-IL) today visited healthcare technology incubator MATTER to discuss healthcare innovation with early-stage entrepreneurs and industry leaders.

Launched in February 2015, MATTER is a community of health technology startups and industry leaders from across the ecosystem that are working together to foster innovation in health IT, medical devices, diagnostics and biopharmaceuticals.

During the visit, the Congressw20160120_CloudSpotter_MATTER-2omen met with Steven Collens, CEO of MATTER; Jeff Aronin, co-chair of MATTER and CEO of Marathon Pharmaceuticals, as well as representatives from AbbVie and Blue Cross, Blue Shield of Illinois, who are among MATTER’s industry partners. The discussion focused on MATTER’s mission to unite the healthcare industry in Illinois to solve tough challenges in healthcare and introduce next-generation solutions that will improve patient lives and drive economic growth.

Congresswoman Kelly also had an opportunity to tour the MATTER facility and meet with some of the entrepreneurs working at MATTER including the founders of CancerIQ, a digital health company that helps personalize cancer prevention, treatment and survivorship plans based on a patient’s individual risk factors; doc&I, a pricing software for healthcare providers aimed at giving patients the best prices for prescription drugs; and Resonance Medical, a medical device software provider whose first solution powers cochlear implants and other neuromodulation devices.

“As chair of the Congressional Black Caucus’s Health Braintrust, I’ve worked to draw attention to the true potential of innovations in health technology, and how they affect the ways healthcare is delivered and how individuals manage their own health,” said Congresswoman Robin Kelly. “To put it plainly, what the folks at MATTER are doing matters.”

“We must encourage health technology startups and increase funding for the basic sciences if we are to revolutionize healthcare policy to the benefit of vulnerable populations,” added Kelly. “From what I saw today, I’m confident that Chicago will serve as an innovation hub on the health innovation front. I will continue working in Washington to leverage the technologies that are the brainchild of MATTER’s innovators, so we can put an end to health disparities once and for all.”

Congresswoman Kelly is outspoken on the issue of healthcare disparity. She currently chairs the CBC’s Healthcare Braintrust, which works to address health disparities and improve health outcomes for all Americans. Particular areas of focus for the Congresswoman include addressing health inequality in our communities, gun safety, protecting a woman’s right to choose, keeping health care costs affordable and protecting Medicare and Medicaid for future generations.20160120_CloudSpotter_MATTER-21

“We’re honored to welcome Congresswoman Kelly to MATTER to emphasize the importance of how industry collaboration and early-stage innovation is driving the future of healthcare,” said MATTER CEO Steven Collens. “We’re appreciative of Congresswoman Kelly’s commitment to supporting innovation and important healthcare initiatives, and we look forward to working with her as MATTER continues to grow.”

“We’re thrilled to have had an opportunity to expose Congresswoman Kelly to the incredible entrepreneurs at MATTER, who are focused on game-changing healthcare technology solutions,” said Jeff Aronin, co-chair of MATTER and CEO of Marathon Pharmaceuticals. 

About MATTER

MATTER is a community of entrepreneurs, innovators and industry leaders working together to harness technology to improve health and healthcare. MATTER connects and promotes collaboration between entrepreneurs, scientists, physicians, investors and industry partners in order to bring next-generation products and services to market that improve quality of care and save lives. MATTER was developed by a team of entrepreneurs and industry leaders with the support of the state of Illinois. MATTER began as a project of ChicagoNEXT, Mayor Rahm Emanuel’s council on technology and innovation, which is part of World Business Chicago. For more information, visit www.matterchicago.com and follow @matterchicago.

Chicago Innovation Mentors to Become Part of MATTER

iBIO Institute’s PROPEL and MATTER to also increase collaboration to accelerate
healthcare innovation

CHICAGO, November 12, 2015 – Health technology incubator MATTER, Chicago Innovation Mentors (CIM) and the PROPEL Center of the iBIO Institute announced today that CIM will become a part of MATTER, bringing the 5-year-old mentoring program under the umbrella of MATTER, which opened in February to help accelerate entrepreneurship and innovation in healthcare IT, medical device, medical diagnostics and biopharma technologies. Additionally, MATTER and the iBIO Institute will partner to integrate support for early stage companies served by both organizations.

The move connects MATTER and its member companies with CIM’s network of 200 seasoned mentors and the deal pipeline of CIM’s founding research institutions, which represent over $2 billion of annual research activity. CIM’s mentors will be able to connect with a broader pool of ventures, while CIM mentees will have access to the extensive resources of both programs. The combination of MATTER and CIM, and the increased collaboration with the iBIO Institute, significantly strengthens the Chicago region’s ability to support inventors and entrepreneurs developing new healthcare technologies.

CIM was formed in 2010 as a consortium of the University of Chicago, Northwestern University, the University of Illinois, the iBIO Institute and Argonne National Laboratory. The organization has received considerable support from the Chicago Biomedical Consortium. Ventures from the Rehabilitation Institute of Chicago and Northern Illinois University have also participated in the program, as have several from Canada as part of a program with the Canadian Consulate General.

Since its launch, CIM has demonstrated a unique ability to accelerate the commercialization of complex R&D-based technologies. More than 150 ventures have participated in CIM’s team-based mentoring program, which was modeled on the successful MIT Venture Mentoring Service. CIM ventures have raised over $46 million in grants and investments. Examples include Briteseed, also a PROPEL company, which is commercializing technology from Northwestern University that makes surgeon’s tools smarter, and Quant HC, which uses technology developed at the University of Chicago that helps detect a patient’s clinical deterioration hours or days in advance of current methods.

MATTER, which launched in early 2015, aligns industry leaders, research universities, health systems and entrepreneurs to accelerate the formation and growth of technology businesses that solve meaningful problems in healthcare. By becoming a part of MATTER, CIM-supported ventures will be able to utilize MATTER’s educational curriculum, partner network and workspace to further their development. In addition, the joint program is expected to attract ventures from an expanding group of research institutions that will become partners of MATTER. While CIM’s primary focus is healthcare, the program will continue to help accelerate select ventures developing other complex technologies, including advanced materials and energy storage.

The PROPEL Center of the iBIO Institute leads a number of programs aimed at increasing the number and success rate of early stage life sciences companies in Illinois. PROPEL has worked with more than 100 companies since its launch in 2007. Companies receive coaching from subject matter experts, investment preparation assistance, regulatory planning assistance, practice with investor panels and pitch sessions, and access to grant and milestone awards that may include equity investments. CIM and the PROPEL Center have often combined resources to assist mutual entrepreneur ventures and early stage companies.

“CIM brings to MATTER deep connections to some of the country’s strongest research institutions,” said MATTER CEO Steven Collens. “With the combination of CIM and MATTER, we expand our ability to unlock innovation and support entrepreneurship to solve big healthcare problems.”

“CIM’s success is in large measure a testament to its mentors’ commitment of time, the breadth of their expertise and their dedication to building Chicago’s entrepreneurial capabilities,” said Steve Gould, interim executive director of CIM, who will continue to lead the program within MATTER. “The CIM-MATTER combination will greatly enrich the range of ventures they can see and get involved with.”

“Having all three organizations joining together in a united and coordinated effort to support pre-company ventures and early stage companies represents the best opportunity to continue the growth of healthcare and biomedical companies throughout the region,” said Warren Ribley, president & CEO of the iBIO Institute. “We also welcome MATTER as a member of iBIO.”

The integration of CIM into MATTER will be completed in the coming months.

About CIM

The Chicago Innovation Mentors university consortium operates a structured, high-touch, team-based mentoring program, with a focus on mentee best interests, monthly meetings, and facilitated networking. Started as a pilot in 2010 with just 25 mentors, CIM has grown rapidly to a corps of 200 mentors, supporting a major need by bringing together experts in entrepreneurship and technology commercialization with new, early stage ventures emerging out of complex R&D in life sciences, materials science, computing and healthcare IT. CIM has become a model for productive collaboration among research institutions. For more information, visit www.chicagoinnovationmentors.org.

About PROPEL

The PROPEL Center of the iBIO Institute helps guide the development of formation-stage and early stage life sciences companies by providing entrepreneurs with access to specialized resources and expertise to prepare them for early stage funding. Industry, academia, service professionals, entrepreneurs and government agencies connect to create and support a vibrant entrepreneurial community in Illinois and throughout the Midwest through PROPEL programs. For more information, visit www.ibiopropel.org.

About MATTER

MATTER is a community of entrepreneurs, innovators and industry leaders working together to harness technology to improve health and healthcare. MATTER connects and promotes collaboration between entrepreneurs, scientists, physicians, investors and industry partners in order to bring next-generation products and services to market that improve quality of care and save lives. MATTER was developed by a team of entrepreneurs and industry leaders with the support of the state of Illinois. MATTER began as a project of ChicagoNEXT, Mayor Rahm Emanuel’s council on technology and innovation, which is part of World Business Chicago. For more information, visit www.matterchicago.com and follow @matterchicago.

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MATTER opens simulation studio for healthtech entrepreneurs

04Meg Graham, Blue Sky Innovation, 11/4/2015

Photo: Kristen NormanPhoto: Kristen Norman  Dr. James Madara, CEO of the AMA, speaks at the opening of the AMA Interaction Studio.

When trying to start patient-referral startup Fibroblast, Scott Vold says he and his co-founder had to “barge in” to clinics to ask doctors and staff for feedback on the platform.

To bridge that divide, Matter announced a partnership with the American Medical Association in February to build the “physician office of the future.” The 450-square-foot facility officially opened with an event Tuesday night.

“If you’re an entrepreneur, you need access to physicians [and] you need access to industry leaders in order to develop your solution,” Matter CEO Steve Collens ⇒ said. “But if you’re an entrepreneur … and you go knock on the door of a physician office or you go knock on the door of Northwestern or NorthShore, you’re not going to have a great response.”

The new studio includes areas that mimic a waiting room, office area and examining area, with the intent of allowing startups to connect with physicians in-person and virtually to test products in a simulated setting.

Entrepreneurs can use technology like a medical imaging device using Echopixel, for example, to explore a CT scan in 3D or pick up a virtual aneurysm with a wand. Nearby sits an exam chair with a built-in scale and blood pressure monitoring, which can send data to an electronic medical record at the push of a button, Collens said.

The room also includes ContextMedia screens and an area where entrepreneurs can discuss products with physicians using video conferencing. During the event, metaME Health founder and CEO Danny Bernstein discussed his product with a Northwestern physician to simulate how he might work with clinicians to refine his product without leaving Matter. MetaME builds software that helps patients manage diseases like IBS.

“You close the door and you can go through, have a production session, look at refinements and move forward,” he said.

Dr. James Madara, CEO of the American Medical Association, said many companies attempt to launch products without the help of the medical community but aren’t tapped into how things really work. The AMA is also building a community of physicians to work with Matter startups.

“To be there at the creation of the idea — you don’t get products that are 10, 20, 30 degrees off,” he said.

MATTER Extends Partnership with AMA; AMA Interaction Studio at MATTER now open!

mobilehealthtimes.com, 11/4/2015

AMA Interaction Studio at MATTER Opens to Enhance Collaboration, Expand Connections With Entrepreneurs and Physicians Nationwide

The American Medical Association (AMA) partnership with MATTER reached a new phase today to enhance support for startup companies seeking to have a transformational impact on health and medicine. This milestone was marked as the newly installed AMA Interaction Studio at MATTERopened to facilitate connections between entrepreneurs and physicians.

Since the AMA-MATTER partnership was launched in February, hundreds of physicians have either visited MATTER or offered insight and feedback to entrepreneurs working on early stage technologies and solutions that promise to improve the health of the nation. In addition, the partnership has brought physicians and entrepreneurs together for a variety of educational workshops, interactive simulations and collaboration events focused on optimizing health care.

Introducing the AMA Interaction Studio at MATTER from MATTER.

The AMA Interaction Studio helps entrepreneurs to collaboratively interact with a growing AMA network of physicians from all corners of the country, both in person and remotely. The facility provides a unique technological test bed for optimizing new products in multiple, simulated medical settings.

“Physicians and entrepreneurs are both passionate about transforming health care, and by working in tandem they can advance innovations that make the health system work better for everyone,” said AMA CEO and Executive Vice President James L. Madara, M.D. “The capabilities of the AMA Interaction Studio allow entrepreneurs to connect, in person and virtually, with a broad range of physicians to get a deeper understanding of the key challenges in patient care that can be resolved with advances in new technology.”

“It is incredibly valuable for healthcare entrepreneurs to have access to physicians as they build their products, technologies and businesses,” said MATTER CEO Steven Collens. “TheAMA Interaction Studio enables entrepreneurs and clinicians to collaborate with each other in a real-world, technology enabled environment to accelerate the development of meaningful new solutions to improve health and healthcare.”

“The AMA Interaction Studio is going to be tremendously helpful in connecting entrepreneurs and AMA physicians from around the country,” said Scott Vold, founder and CEO of Fibroblast, a MATTER member company. “Being able to interact with physicians, show them our solution and get their feedback is going to streamline our entire testing and production processes.”

The AMA Interaction Studio creates unique learning experiences and simulations using cutting-edge technology, including advanced video and audio technologies, next generation exam room equipment, immersive 3D projections and virtual holographic displays. The architecture firm HDR led the design of the approximately 450-square-foot space, while Turner Construction served as the general contractor.

Furniture for the space was contributed by Herman Miller and cutting-edge exam room equipment was provided by Midmark. The significant technology needs for the facility were conceived byJohnson Controls and Rex Electric & Technologies and were fulfilled with the help of contributions from ContextMedia and HP.

Governor Rauner, Senator Durbin and Mayor Emanuel open MATTER, Chicago’s new incubator for healthcare innovation

CHICAGO, Feb 13, 2015 – Governor Bruce Rauner, Senator Dick Durbin and Mayor Rahm Emanuel today marked the official opening of MATTER, Chicago’s new entrepreneurship and innovation incubator for next-generation health IT, medical device, diagnostics and biopharma companies. MATTER brings together healthcare entrepreneurs, researchers, academics, industry leaders, investors and associations to connect and collaborate on the development of new healthcare technologies and solutions to improve patient lives.

In addition to workspace for roughly 200 innovators, MATTER’s 25,000-square-foot, state-of-the-art facility features an auditorium and classroom for events connecting the healthcare community; an engineering lab for rapid product prototyping and design; a clinical simulation center designed by the Jump Simulation Center at OSF; and the recently announced AMA Interaction Studio – an interactive physician’s office of the future where physicians and entrepreneurs can co-create new products and services.

As of today, MATTER has accepted more than 70 startup healthcare companies as its first members, including Resonance Medical, which is developing innovative new hearing solutions; Player’s Health, which has a platform to manage the health of student athletes; and CancerIQ, a digital health company that is lowering the barriers to personalized cancer care.
MATTER’s partners include Northwestern University, the University of Chicago and the University of Illinois; hospitals and health systems including NorthShore University HealthSystem, Lurie Children’s Hospital and Sinai Health System; and industry leaders such as Abbvie, Allscripts, Astellas and Takeda.

MATTER was designed with the input of hundreds of members of the healthcare community and launches this week with more than $8 million in public and private support; 65 mentors and 4 mentors-in-residence to advise entrepreneurs; and a curriculum of workshops designed to address the top 10 challenges faced by healthcare startups and taught by seasoned entrepreneurs and subject matter experts.

“It’s an incredibly dynamic time for innovation in healthcare and MATTER will help entrepreneurs develop the most powerful and meaningful solutions,” said MATTER CEO Steven Collens. “MATTER’s opening is the culmination of years of hard work by leaders across the healthcare community and the start of a new era of collaboration, innovation and growth for the industry.”
“Innovation is a key driver in making the health system work better for everyone, and the American Medical Association’s partnership with MATTER will bring physicians and entrepreneurs together to collaborate on efforts to unlock a bold new generation of health technology that expands the bounds of science, enhances patient care, and most importantly – saves lives,” said AMA CEO and Executive Vice President, James L. Madara, M.D.

“MATTER is designed to give entrepreneurs a clear pathway to success,” said Jeff Aronin, CEO of Marathon Pharmaceuticals and co-chairman of the MATTER Board of Directors. “By nurturing innovation in health technology, we can create better outcomes for patients and save lives.”

“Leading healthcare companies are excited to tap into the innovation taking place at MATTER,” said Tim Walbert, chairman, president and CEO of Horizon Pharma and co-chairman of the MATTER Board of Directors. “The collaboration fostered by MATTER will help launch successful startups while also driving innovation across the region’s healthcare economy.”
“Innovation is key to making Illinois the most competitive state in the country, and the work coming out of MATTER will have a tangible impact on the future of the healthcare industry and the state,” Gov. Rauner said. “Innovation jobs have a ripple effect on the workforce by creating more jobs and growing the economy. Innovation will help us create a 21st century economy in Illinois.

 

DNU_4816

“MATTER’s opening is great news for Chicago’s healthcare economy. The region already has a dynamic healthcare community with world-class companies, but MATTER will take us to the next level,” Durbin said. “Innovation requires a collaborative approach, and MATTER will give industry leaders and startups a chance to work together to bring next-generation products and services to improve care and save lives.”

“By empowering entrepreneurs in the growing field of health innovation technology, MATTER will create new jobs, attract new companies, and make Chicago more economically competitive for years to come,” said Mayor Rahm Emanuel. “Chicago’s economic strength has always come from the diversity of our economy and the depth of talent in our workforce. This new innovation space will build on those strengths, while helping to make Chicago a leader in developing the next great health care technologies of tomorrow.”

“DRECTED is a startup seeking to redefine the way innovators and physicians interact and we believe our best chance for success is here at MATTER,” said DRECTED founder and MATTER member, Christopher Kennedy. “The energy, passion and collaboration at MATTER sparked our decision to move here and become part of a community focused on improving patients’ lives.”

MATTER, a not-for-profit organization, was developed by a team of entrepreneurs and industry leaders with the support of the state of Illinois. MATTER began as a project of ChicagoNEXT, Mayor Rahm Emanuel’s council on technology and innovation, which is part of World Business Chicago.

About MATTER
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 between entrepreneurs, scientists, physicians and industry partners in order to bring next-generation products and services to market that improve quality of care and save lives. For more information, visit www.matterchicago.com and follow @matterchicago.

American Medical Association, Chicago incubator launch health lab with virtual clinical settings

By: Aditi Pai of mobihealthnews 

Feb 4, 2015

The American Medical Association has partnered with Matter, a Chicago-based incubator for healthcare companies, to build a digital health lab called the AMA Interaction Studio. This studio will be designed to help physicians, entrepreneurs, and health care professionals develop and test new health-focused technology.

“Innovation is a key driver in making the health system work better for everyone, and together we can educate and inspire entrepreneurs to deliver technologies that will transform health care,” AMA CEO and Executive Vice President James Madara said in a statement. “The AMA’s partnership with Matter will create an environment where entrepreneurs can directly collaborate with and gain insights from physicians and the health care community to improve and advance technologies, products and services that will improve the health of the nation.”

The studio will be located within Matter’s incubator space, occupying a 450 square foot area, and it will offer entrepreneurs and researchers modular furniture as well as video and audio technologies to simulate a healthcare environment. In this set up, entrepreneurs developing new health products will be able to test and understand how these tools might fit into provider workflow. 

Earlier this year, investment firm Andreessen Horowitz wrote a blog post about how, oftentimes, the entrepreneurs running digital health startups are not doctors. And as a result, there is a growing percentage of medicine that is, in effect, being practiced by software engineers, instead of doctors. The writer points out that: “To understand your personal diagnostic data, you might soon depend more upon an iPhone app developed in a garage than on your local MD.”

Initiatives like the AMA Interaction Studio help entrepreneurs collaborate with clinicians to better understand what problems need to be solved.
The AMA itself has offered up a handful of health apps for consumers and clinicians. At the beginning of 2012 the association launched a weight loss app, called Weigh What Matters for iOS and Android. The app has since been taken off the market. AMA’s medication adherence app, My Medications, which it first made available in late 2011, is still available for iOS at $0.99. In early 2011 the AMA announced its first smartphone app, a medical billing app called CPT E/M QuickRef. Soon after it launched an $8.99 rounding app called AMA Rounder.

The AMA isn’t the only medical professional association to step up its outreach to healthtech startups in recent months.

In January, the American Academy of Family Physicians Chairman Dr. Glen Stream, who spoke at CES this year, said that his group went to the trade show to get the word out that they want to help health startups.

“We believe consumer health technologies — apps, wearables, self-diagnosis tools — have the potential to strengthen the patient-physician connection and improve health outcomes,” Stream said at the time. “We are here to talk about where we see opportunity and need, and how we, working together with technology companies, can overcome the barriers that are keeping us from fully leveraging the power of consumer technology in primary care.”

AMA, health-tech hub MATTER team up to bolster care

By , Crain’s Chicago Business

February 4, 2015

The American Medical Association and Matter, a health care technology incubator, are teaming up to improve how physicians and patients interact.

Chicago-based AMA, the nation’s largest physician organization, and Matter, which opened this week at the Merchandise Mart, today are kicking off a partnership that will include creating the AMA Interaction Studio at Matter. The idea is for physicians and entrepreneurs to use the 450-square-foot simulation facility to develop new technologies, services and products.

The benefits are twofold: Physicians get a seat at the table with entrepreneurs designing the next phase of health care technology, medical devices and pharmaceutical products. Meanwhile, entrepreneurs can tap the insight of a steady stream of physicians to improve their ideas.

“There’s a huge amount of innovation and new technology sort of pouring into the health care world right now,” Matter CEO Steven Collens said. “A lot of the technologies that are being developed, and the products and services being developed, have some implications on how doctors interact with their patients.”

For example, pairing physicians with tech-savvy entrepreneurs could lead to solutions for daily obstacles, such as clunky electronic medical records, AMA CEO James Madara said. They also could come up with ways to help patients prepare better for doctors’ appointments, such as having blood work done ahead of time, he said.

“Health care is in a state of enormous flux right now,” Dr. Madara said. “Many areas of the industry are thinking about new innovations.”

The AMA has about 228,000 physician members and more than 180 medical societies that make up the association’s policymaking arm.

The interaction studio at Matter likely will resemble a typical doctor’s office, but it will have a higher level of technology and will be flexible enough to allow doctors and entrepreneurs to test new ways to make their days more efficient.

Matter, which is next door to the traditional tech incubator 1871, so far houses about 50 health care startups in a space where they can connect with some of the region’s biggest companies, universities and investors. Major local pharmaceutical companies AbbVie, Astellas Pharma and Takeda Pharmaceutical are among the private investors.

Read the full article here

AMA, MATTER Partner for Transformative Healthcare Innovation and Tech-enabled “Physician Office of the Future”

The AMA Interaction Studio at MATTER will facilitate development of technologies to improve

health care delivery, patient/physician interactions and quality of care

CHICAGO – February 4, 2015 – With a shared commitment to meeting the evolving needs of the health care marketplace, the American Medical Association (AMA) and MATTER, Chicago’s new health care technology incubator, today announced a partnership to drive innovation and create a flexible facility that will allow physicians, entrepreneurs, health care professionals and industry experts to test new models for health care delivery.

The AMA Interaction Studio at MATTER is being designed with physical and virtual infrastructure that will enable entrepreneurs and physicians to collaborate on the development of new technologies, services and products in a simulated health care environment.

“Innovation is a key driver in making the health system work better for everyone, and together we can educate and inspire entrepreneurs to deliver technologies that will transform health care,” said AMA CEO and Executive Vice President James L. Madara, M.D. “The AMA’s partnership with MATTER will create an environment where entrepreneurs can directly collaborate with and gain insights from physicians and the health care community to improve and advance technologies, products and services that will improve the health of the nation.”

“New technologies by themselves are not meaningful in health care without the engagement of physicians and healthcare professionals,” said MATTER CEO Steven Collens. “MATTER’s partnership with the AMA creates an environment that will allow entrepreneurs to work together with physicians and the broader health care community to test and advance new technology to improve the way the health care system works.”

The AMA Interaction Studio, located at MATTER in Chicago’s historic Merchandise Mart, is being envisioned to include modular furniture and advanced video and audio technologies that will allow users to better understand workflows and how new products and services will fit into a health care delivery environment of the future. The architecture and design firm HDR will lead creation of the approximately 450-square-foot space.

The AMA/MATTER partnership will also include a variety of educational workshops, interactive simulations and collaboration events focused on optimizing health care – specifically clinician-patient interactions. “Our goal is to help entrepreneurs identify and understand key challenges in patient care

and foster the seeds of innovation that will deliver meaningful solutions for physicians,” said Dr. Madara.

“The opportunity to engage with physicians through the partnership is hugely valuable to our company,” said Shane Greyvenstein of LatticeWorx, a MATTER member company that uses IT solutions to help physicians make better medical decisions,  “MATTER’s partnership with AMA will help us to refine our products in collaboration with the medical professionals who will use them, and helps us ensure we’re creating the maximum benefit for patients.”

MATTER Announces Partnership with Healthios

Partnership Supports MATTER Mission to Attract Investment Capital to Drive Innovation and Commercialization of Next-Generation Healthcare Solutions and to Foster Collaboration Across Region’s Healthcare Community

CHICAGO, IL (January 16, 2014) – MATTER, the entrepreneurship and innovation hub for next-generation health IT, medical device and biopharma companies, today announced a strategic partnership with Chicago-based Healthios, an investment bank dedicated exclusively to the global healthcare industry. The partnership directly supports MATTER’s mission to attract investment capital for its startup members companies and to build density among the region’s healthcare ecosystem of entrepreneurs, researchers, industry leaders, investors, academics, institutions and associations that fosters collaboration and new product innovation.

“We are inspired by MATTER’s purpose and we believe that Chicago’s healthcare community is perfectly suited to ensure its success,” said David B. Loucks, chairman and chief executive of Healthios. “We’re proud to play an active role in the MATTER ecosystem by supporting these next-generation innovators whose achievements will have a profound impact on patient care and on Chicago’s growth economy.”

As part of the agreement, MATTER members will receive free access to HealthiosXchange, (www.healthiosxchange.com), a global Direct Investing Platform for emerging growth healthcare companies seeking to advance their most important financing and strategic priorities. The HealthiosXchange will provide MATTER and its member companies with:

  • Online, branded listing for the MATTER portfolio and each MATTER member company;
  • Access to thousands of healthcare investors worldwide, including strategic partners in therapeutics, diagnostics, healthcare services, I/T and medical devices;
  • An online population of more than (2,500) Xchange members, comprised of senior executives, opinion leaders, prospective board members, and a peer group of like-minded investors and fellow healthcare entrepreneurs;
  • Comprehensive valuations, capital flows, market data and financial analysis customized for each MATTER member’s interest;
  • Xchange membership for the management teams, Board members and investors of MATTER member companies;
  • Online engagement initiatives, including MATTER-branded investment newsletters and social media featuring MATTER member companies
  • Access to Xchange-hosted events, including investor webinars, “Grand Rounds” presentations hosted by strategic partners, and proprietary investment conferences;
  • Subscription to XchangeAlerts, a proprietary notification system that informs participating investors, strategic partners and key opinion leaders of the achievements of MATTER and its member companies.

In addition, Healthios team members will become active participants in the MATTER community as well as provide one-on-one mentorship and teach workshops.

“Healthios is a recognized leader in healthcare finance as well as a huge supporter of Chicago’s healthcare startup community,” said Steven Collens, MATTER CEO. “We believe that MATTER’s success lies not in creating a desirable co-working environment for healthcare entrepreneurs, but in our ability to create density among the different players of the community to foster opportunity for collaboration in ways that aren’t currently possible.”

MATTER is currently accepting applications for the first class of member companies to join the community when it opens at the Merchandise Mart in early 2015. For more information, visit http://www.matterchicago.com/membership.

About Healthios

Healthios, headquartered in Northbrook, Illinois, is a global investment bank focused exclusively on the healthcare industry. Since its founding, Healthios has advised on more than 75 transactions, representing aggregate transaction value in excess of $3 billion. During the past year, Healthios clients have raised more than $300 million in financing.

About MATTER

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 between entrepreneurs, scientists, physicians and industry partners in order to bring next-generation products and services to market that improve quality of care and save lives. For more information, visit www.matterchicago.com and follow @matterchicago.

Press Contacts:

Melissa Lederer, melissa@matterchicago.com

David Loucks, dloucks@healthios.com

 

 

MATTER Teams Up With a Local Consulting Firm for Medical Device Design Innovation

By Will Flanagan – General Manager at Chicago Inno, 12/29/14

In the digital arena, an idea can go to market through the purchase of a domain, code, some more code, and the flip of a switch. However, in the HealthTech sector, bringing a product to commercialization is a more complex process, requiring refinement, testing, trials, and constant inspection. To hep navigate this rocky terrain, MATTER – the city’s new hub for next-generation health IT – has teamed up with Insight Product Development (ISP) – a Chicago-based design innovation consultancy.

Insight will work with MATTER’s medical device startup members on font-end innovation, technology development, prototyping, and new product scaling through quarterly workshops, one-on-one support sessions, and office hours. The entrepreneurs will leverage the firm’s expertise on a variety of disciplines, including research, strategy, engineering, design and development.

Explained MATTER’s CEO Steve Collens, “We’re proud to partner with Insight in our mission to accelerate innovation and entrepreneurship in healthcare technology. Insight’s history of successfully advancing innovation at some of the world’s leading companies makes them a valuable partner to us, and exposure to their expertise will afford our members a clear market advantage.”

On top of its flagship consulting services, Insight Product Development also launched Insight Accelerator Labs (ICL) in 2013, the first medical device accelerator in the Midwest. Through mentoring, product development assistance, grant application aid, and infrastructure support, ICL helps grow and sustain the health of Chicago’s HealthTech start-up ecosystem.

Both ISP and ICL will play a part in helping MATTER’s members take their ideas to market.

“MATTER’s dedication to fueling the future of healthcare innovation aligns well with our mission to improve lives by advancing meaningful technology toward commercialization, and we’re excited to play a central role in their community,” said Steve McPhilliamy, Director of Design at Insight Product Development, and Executive Director of Insight Accelerator Labs.

Launching in early 2015, MATTER is continuing to add startups to its roster.

 Read the full article here.