Resilience in Action

2020 year in review

Celebrating our community’s commitment to healthcare innovation through an unprecedented year

WATCH: A message from CEO Steven Collens

Global footprint

Our global network of healthcare innovators continued to grow in 2020 while adapting to collaboration in a fully virtual world. Over the course of the year, the MATTER community included:

300+
member startups.
60+
corporate partners.
148
cities.
20
countries.

Sector breakdown: Startups

Sector breakdown: Partners

Startup community highlights, by the numbers:

$1.7B
raised by member companies.
$182M
in 2020 revenues.
1M
clinicians have used members' products.
311M
people have benefited.

6 MATTER startups were acquired in 2020.

When Florida-based health system BayCare was interested in learning more about some of MATTER’s members, the MATTER team introduced them to Clearstep and set us up to succeed in building a productive relationship. When the pandemic hit, we leveraged our experience building virtual triage systems to build and launch the first of a suite of solutions to help BayCare manage COVID-19 — in just nine days.

Startups and COVID-19

Starting in March, mHUB, MATTER and 1871 launched Chicago Proactive Response (CPR): a collaboration to mobilize the tech ecosystem around designing solutions that could directly support the fight against COVID-19. CPR identified more than 300 technology ventures with relevant solutions and helped them connect with state, city and healthcare officials to deploy.

WATCH: CPR leaders discuss the initiative

1669 months of free membership delivered to startups.

To alleviate the financial challenges tech innovators faced in 2020, MATTER, 1871 and mHUB ensured access to critical business resources by providing assistance via membership scholarships.

27 MATTER roundtables with healthcare executives.

To better identify the rapidly changing needs of companies across the healthcare industry, MATTER convened roundtables with 31 experts from leading pharma organizations, health systems and payers.

110 MATTER startups built COVID-19 solutions.

MATTER startups gave their solutions away for free, retooled their products to support health needs during the pandemic, and accelerated research into therapeutics and diagnostic tools.

1669 months of free membership delivered to startups.


To alleviate the financial challenges tech innovators faced in 2020, MATTER, 1871 and mHUB ensured access to critical business resources by providing assistance via membership scholarships.

27 MATTER roundtables with healthcare executives.


To better identify the rapidly changing needs of companies across the healthcare industry, MATTER convened roundtables with 31 experts from leading pharma organizations, health systems and payers.

110 MATTER startups built COVID-19 solutions.


MATTER startups gave their solutions away for free, retooled their products to support health needs during the pandemic, and accelerated research into therapeutics and diagnostic tools.

MATTER startup COVID-19 solution focus areas

The grant we received from MATTER allowed us to advance critical work related to predicting clinical deterioration risk in COVID-19 patients. Specifically, we were able to immediately apply MATTER funds to prepare for FDA submission for our newest analytic.

Corporate partner programming, by the numbers:

60
corporate partner programs.
5
large-scale innovation challenges.
400+
innovation challenge applicants.
34
countries represented by challenge applicants.

Through the Roche Diabetes Care Innovation Challenge, MATTER created the best possible foundation with excellent partners that have great potential to address many of the unmet customer and market needs we’ve identified.

MATTER Challenges

Innovation challenges help our corporate partners tap into entrepreneurial talent at the regional, national and global levels with outcomes ranging from potential pilots to opportunities for co-development.

Novo Nordisk Circular Design Innovation Challenge

Novo Nordisk has a bold sustainability goal of zero carbon emissions by 2030. To accelerate their progress toward this goal, Novo Nordisk partnered with MATTER and leading greentech incubator Green Innovation Group to help identify solutions that improve circularity, reusability or recyclability of Novo Nordisk products.
Winning solution: Genecis

Parkview Healthy Mom & Baby Competition

Parkview Health, a health system based in northeast Indiana, launched this challenge with MATTER in response to the Indiana governor’s call to help reduce the infant mortality rate from the highest in the country to the lowest in the Midwest by 2024. The competition encouraged innovators to submit product, software or program solutions that help support infant and maternal health.
Winning solution: TheraB Medical

Pandemic Response Innovation Challenge

In this co-branded innovation challenge, MATTER collaborated with two of the U.S.’s largest commercial payers for the first time to identify innovative behavioral health and data analytics solutions for the COVID-19 pandemic and beyond.
Winning solutions: WiserCare, WayForward

Pulmonary Fibrosis Innovation Challenge

The Three Lakes Foundation collaborated with MATTER to identify and support solutions with the potential to improve awareness, diagnosis and care for pulmonary fibrosis (PF). The partners surrounded challenge participants with a group of cross-industry experts who helped them explore new business models, pressure test existing concepts and shape their solutions.
Winning solution: oxyGEN

MATTER events, by the numbers:

80%
more attendees in 2020.
4800
attended events.
93
events and workshops.
891
mentorship hours provided.

Top event takeaways

Here’s what a few of the thought leaders who joined us in 2020 had to share about digital transformation, entrepreneurship and what it means to be a healthcare provider.

Digital Transformation at the Enterprise Level

“The role of artificial intelligence is going to have a massive impact on how we think about care and care delivery, and it’s going to redefine healthcare just like it has redefined other industries. AI, machine learning and predictive analytics will be embedded in every aspect of health and healthcare.”
Read more

Innovating During a Crisis

“As we navigate the pandemic, the opportunity that’s in front of us is to reshape healthcare with more predictive, proactive and personalized solutions — and those solutions need to address whole-person health.”
Read more

Tales from the Trenches™

“Flexibility, adaptability and — most importantly to me — belief and passion in your mission are the most important characteristics of healthcare entrepreneurs. This is about changing people’s lives…A lot of people are suffering, and we have a shot at helping them in ways that are friendly, fit into their lives and create change that traditional care can’t. We have a responsibility and a duty to do so.”
Read more

Mindfulness & Mental Health During COVID-19

“Healthcare professionals are carrying double the burden of living through all of the same things we are and being on the frontlines of the COVID-19 pandemic. In a caring profession, they may be the only person with somebody at the end of their life. They are sitting with an unbelievable amount of suffering, and as a result they need to actively cultivate a certain level of compassion and empathy.”
Read more

In working with the entrepreneurs through MATTER’s Mentor Clinic, one thing has become apparent: Each and every person I have had the pleasure of mentoring has a true drive for making the world a better place. I often leave mentorship sessions with the sense that I have received just as much knowledge and perspective as I have given.

Thank you.

Whatever role you played, thank you for being a part of our community last year. We look forward to collaborating in 2021, and beyond.

Want to be a part of our collective success in 2021?

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