MATTER and rMark Bio launch startup-industry innovation matchmaker
The premier healthcare incubator collaborates with industry-leading AI company to help healthcare organizations find the right startup at the right time.
May 7, 2019, Chicago, IL — MATTER, the premier healthcare incubator and innovation hub, and rMark Bio, an industry-leading life sciences AI company and a MATTER member since 2016, today announced the launch of Origin™ — a new product to further accelerate healthcare innovation via collaboration. Exclusively available to the MATTER community of startup members and partner organizations, Origin combines the power of machine learning with MATTER’s expertise in vetting, coaching and convening to match pharmaceutical companies, payers and health systems with the right startup collaborator.
“MATTER works with entrepreneurs who are developing products and solutions that can meaningfully improve health and healthcare, and we work with established organizations that need innovative ideas,” said MATTER CEO Steven Collens. “We help the right people find each other at the right time, so they can collaborate on developing and implementing solutions that improve health and care.”
Origin is built on rMark Bio’s Fabric™, a machine learning platform that delivers personalized business intelligence through integrated applications and API-accessible services that are built to solve common scientific and business challenges within life sciences and healthcare organizations.
The idea to combine rMark Bio’s recommendation engine with MATTER’s expertise in startup-industry matchmaking was sparked by an experience rMark Bio had as a MATTER member. In 2016, through MATTER’s programs, rMark Bio connected with a director at a pharmaceutical company who was looking to solve a specific problem — which, as it turns out, rMark Bio’s technology was well-equipped to solve. The insight from this connection resulted in a pivot, a pilot and, in the years since, multiple customers for rMark Bio.
“Through MATTER, we had the opportunity to make the right connection at exactly the right time in our development. Origin is designed to scale opportunities like ours.”
“Through MATTER, we had the opportunity to make the right connection at exactly the right time in our development,” said Jason Smith, co-founder and CEO of rMark Bio. “Origin is designed to scale opportunities like ours. A lot has to go right for that to happen, so we’re using best-in-class modeling to help MATTER cut through the noise and optimize opportunities for startups and large organizations alike.”
“We realized there was an opportunity to apply rMark Bio’s technology to advance our mission and to meet our growing community’s needs,” said Collens. “We are thrilled to collaborate with one of our own startups to scale what we do — bring together partners and startups to accelerate healthcare innovation.”
“We are thrilled to collaborate with one of our own startups to scale what we do — bring together partners and startups to accelerate healthcare innovation.”
MATTER was founded in 2015 with the thesis that collaboration between entrepreneurs and industry leaders is the fastest, most effective way to accelerate innovation, advance care and improve lives. Today, the organization works with more than 200 cutting-edge startups from around the world as well as hospitals and health systems, pharmaceutical and medical device companies, and health insurers. MATTER takes no equity in the startups it supports to ensure that the community remains a neutral platform for open innovation.
Every match recommended by Origin is validated by MATTER before facilitating the next step: the right kind of introduction, from a formal pitch opportunity to a casual conversation, supported by pre-meeting coaching and mentorship for entrepreneurs when needed. MATTER also works with established healthcare organizations to build the capabilities needed to effectively innovate and collaborate with startups.
“It takes human intelligence to build AI,” said Smith. “We’re pleased to be collaborating with healthcare’s leading startup incubator to develop Origin and ensure that every recommended startup-industry match gets the expert support needed to be successful.”
At MATTER, we believe collaboration is the best way to improve healthcare. The MATTER collaborative includes 200 cutting-edge startups from around the world, working together with hospitals and health systems, universities and industry-leading companies to build the future of healthcare. Together we are accelerating innovation, advancing care and improving lives. For more information, visit matter.health and follow @MATTERhealth.
About rMark Bio
rMark Bio Inc. was created to deliver AI solutions that accelerate innovation, collaboration and scientific discoveries for life sciences companies. Founded in 2015 by CEO Jason M. Smith and Chief Scientist Lev Becker, PhD, rMark Bio is based in Chicago and Seattle. rMark Bio provides services to many of the Top 20 pharmaceutical companies globally and has partnered with industry-leading technology and healthcare organizations, including Microsoft, nVidia, Google and MATTER.
Paige Edmiston, Senior Marketing Manager, MATTER