MATTER Turns Two
Posted March 20, 2017
By Steven Collens
Two years ago, we opened MATTER with the goal of creating a better way to bring healthcare technology solutions to market. We now work with 200 healthcare startup companies – ranging from those that are barely more than ideas, to companies with millions of dollars of revenue and dozens of employees. They are building software, medical device, diagnostics, and pharmaceutical products. They are led by entrepreneurs with decades of experience, and founders fresh out of school. All told, our member companies employ 1,300 people, have raised more than $260 million to fuel their growth, and generated $37 million in revenue last year. Their products have been used by 64,000 clinicians and have benefitted more than 63 million patients.
Over the last two years, we built a platform that brings these organizations together to help entrepreneurs build solutions that solve healthcare problems, and that solve them in ways that can be adopted by the industry. We have facilitated dozens of collaborations between startup companies and established institutions, effectively harnessing entrepreneurs to solve challenges that big businesses aren’t going to solve on their own – challenges that improve patients’ lives.
We are mobilizing a community guided by the wisdom of experience, the foresight of innovation, and the relentless commitment to improve health and care for every patient. This year, we will focus our program activities on three areas where innovation has the greatest potential: aging, big data, and precision medicine. We will be sharing more about our programs in the coming weeks – and if you’re passionate about healthcare innovation, I hope you’ll join us on our journey, as we collaborate to bring next-generation healthcare technologies to market.