The Arizona Innovation Challenge powered by the Arizona Commerce Authority (ACA) awards $3 million annually to the most promising early stage technology companies in high growth industries. Recently, ACA awarded $1.5 million in fall 2017 with each winner receiving up to $250,000 each. The goal is to drive economic growth and create jobs in the state of Arizona.
The bi-annual competition is competitive with judges assessing more than 100 applications each spring and fall to look at companies in terms of their business plan, technology potential, and qualifications of the team. The digital health startup Life 365 http://life365inc.com located in Tempe Arizona was selected as one of ten winners.
Life365 is a digital health technology company working to help healthcare systems deploy successful home health monitoring programs. The startup’s platform integrates devices, applications, and patient engagement tools to enable improved health outcomes, operational efficiency, and lower healthcare costs.
Solutions include connected devices to collect vitals, two way video patient education, and software integration to EHRs. The startup’s connected health platform enables healthcare systems to transition patient care away from expensive clinical environments with connected healthcare solutions used in the home. Life365 solutions include a suite of devices and software applications designed to engage patients and help them manage their health.
Life365 CEO Kent Dicks previously founded MedApps in 2006, a mobile health solution for remote patient monitoring which was acquired by Alere Inc. in 2012. He reports, “This is an exciting time for our new venture. We are taking full advantage of the latest technologies in connectivity, health sensors, and other platforms.”
He adds, “We saw a need in the industry to connect these disparate solutions into an easy to implement scalable platform and with new reimbursement codes for remote health monitoring coming in 2018, the demand for connected health solutions should be higher than ever.”
Go to https://www.azcommerce.com/programs/arizona-innovation-challenge for more information on the Arizona Innovation Challenge.