COLUMBUS, Ohio — TechColumbus has announced about $600,000 in investments and grants to four health care-related startups in central Ohio.
In all, $700,000 will be invested in five companies through the Central Ohio TechStart initiative, according to TechColumbus, the nonprofit organization that focuses on technology-based economic development in the 15 Central Ohio counties. TechStart is funded by the Ohio Third Frontier program, 17 local governments, institutions and individuals.
“These investments help the most promising high-tech companies in the Central Ohio region advance their products and services in the marketplace,” said Ted Ford, president and chief executive of TechColumbus. “These companies have great potential to generate substantial revenue, to attract further investment, and to create high-wage jobs in Central Ohio.”
With the Rise of AI, What IP Disputes in Healthcare Are Likely to Emerge?
Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.
Updox in Columbus will receive up to $500,000 from the TechColumbus Pre-Seed Fund. Updox provides a way for doctors’ offices to electronically document, share and save information. The company’s Web-based application enables practices to use less paper, fewer keystrokes, and reduce reliance on phone, fax and e-mail to receive and review reports, file patient records, comment on documents and images, and send notes to laboratoriess, pharmacies and other doctors.
EXCMR in Columbus will receive a TechGenesis grant of up to $50,000 to do research and prototype development. EXCMRis an Ohio State University spinout that develops medical devices to enhance cardiovascular magnetic resonance imaging (MRI). The company has developed an MRI-compatible treadmill that enables cardiovascular exercise stress testing with MRI, giving doctors pictures of the heart immediately following peak exercise stress.
Health Care Data Works LLCin Columbus will get a TechGenesis grant of up to $50,000. Health Care Data Works was formed by members of The Ohio State University Medical Center’s information technology group. The company offers software tools and services to health care organizations by helping them improve areas of their operations, such as the quality of medical care, patient satisfaction and financial performance.
Accelerated Data Concepts LLCof Columbus also will receive a TechGenesis grant of up to $50,000. Accelerated Data Concepts uses high-performance computing technologies to develop high-speed data processing systems. ADC has re-engineered medical, financial and security applications by significantly speeding them up.
