Inside an Individual’s Physiological Signature
Originally published in Medical Device & Technology
Originally published in Forbes
From giving back to the community and supporting frontline health care workers to coming up with novel medical solutions and more, Chicago-based companies have not stepped down in the fight against COVID-19. Rather they are using it as an opportunity to innovate, collaborate, and evolve. Now in my third article of this series, find the latest updates below from the Windy City’s frontline of innovation.
ARCH Venture Partners: Chicago-based firm Arch Ventures recently raised $1.46 billion in funding to invest in early-stage biotech companies. The firm already backs a handful of companies working on COVID-19 therapeutics, including Twist Bioscience, a developer of gene engineering tools used in COVID therapeutics and vaccine development.
Catalytic: Automation technology provider Catalytic is helping companies assess risk and develop emergency response plans to the virus. Companies that have successfully used the technology include Grant Thornton, which quickly built a Pandemic Risk Assessment tool to help businesses get an instant, quantitative assessment of pandemic risks with tailored resiliency plans; and, Reveleer, a healthcare software company, which used Catalytic to build an automation that collects responses and generates a daily report of employee health and productivity. Catalytic is now offering free, unlimited access to its Business Continuity Plan which can be tailored to an organization’s needs for immediate use.
Chicago Beyond: Impact investor Chicago Beyond just announced its initiative Going Beyond, a joint effort with philanthropists Kimbra and Mark Walter to support communities in Chicago. The Going Beyond initiative will deliver basic necessities to people on Chicago’s South and West Sides who have less access to self-care items and healthy foods. With support from the Walter Family, Chicago Beyond will be deploying $250,000 worth of goods to an estimated 5,000 families a week at least until May 1.
MATTER: As a connecting agent of health systems to innovative solutions, MATTER has been hosting virtual roundtables with innovation leaders from health care systems around the country including New York, New Jersey, Los Angeles, Ohio, Tampa Bay, and Chicago, allowing them to share what they're learning and doing to help their communities address COVID-19. These conversations have unearthed great examples of health systems working with startups to solve current challenges, some of which include:
mHUB: Innovation center mHUB has a group of entrepreneurs and engineers collaborating to produce PPE for frontline health care workers. The group, led by mHUB CEO and co-founder Haven Allen, created a face shield prototype for Northwestern Memorial that is now being produced at a rate of about 1,500/day with the potential to scale up to 100,000 each week. Additionally, they created an open-source face shield design for use by anyone.
mHUB Rapid Response Group: With the support of mHUB, a group of entrepreneurs, engineers, and product designers have formed the Medical Protective Equipment Rapid Response Group, a team working hand-in-hand with clinicians and manufacturers to develop life-saving technology quickly. Innovations include:
P33: Tech ecosystem nonprofit P33 is fast tracking its “Company Connect” initiative, which provides a means of driving greater connectivity between Chicago’s growth stage startups and corporations with the goal of creating commercial value for both parties. The match-making premise behind this initiative could potentially hold the key to reopening Chicago’s local economy once the COVID crisis settles as it unites critical players around shared problems to stimulate business and better position them for a comeback.
Percent Pledge: Chicago-based startup Percent Pledge creates customized giving programs for companies to improve employee engagement and employer brand. As a result of the COVID-19 pandemic, they launched a new Relief Portfolio that enables employees at partner companies to maximize their impact by donating to the vetted "charity mutual-fund." Current clients range from one of the Big Four accounting firms to Chicago's own Yello. Percent Pledge has also offered its proprietary giving platform and impact-reporting free for three months to new partner companies.
Tea Squares: Healthy energy bar company Tea Squares has organized a Stay Home, Stay Healthy snack box to help support healthcare workers on the frontlines. Partnering with nine other health-focused companies including Chicago-based Nemi Holistics, Prevail Jerky, Get Wild Snacks, Nature’s Nosh, Tomer Kosher Jerky, and Rumi Spice, 100 percent of profits from the snack boxes will be donated to Northwest Community Hospital’s Employee Emergency Relief Fund.
1871: Innovation hub 1871 has been working with Chicago startups that have launched new initiatives in the past month, or have pivoted their businesses and products, to fight the COVID-19 pandemic. In addition to Rheaply (mentioned previously), companies include:
If you’re a Chicago company looking for additional resources amidst the pandemic, the Illinois Department of Commerce and Economic Opportunity has compiled a COVID-19 resources document for businesses, and my firm, HPA, has also created a comprehensive guide.
Originally published in Medical Device & Technology
Originally published in Pixel Scientia Labs
Originally published in Crain's Chicago