CTA for Health IT Vincent Finn Trade Commissioner Life Sciences/Health IT Consulate General of Canada Presentation for the PAeHI Road Show Drexel University Thursday, October 17, 2013
Canadian Consulate General Based in New York City Office in Philadelphia which specializes in Life Sciences & Health IT Report to Foreign Affairs, Trade & Development Canada (DFATD) Represent Canada's political, economic, cultural & immigration interests in New York, New Jersey, Connecticut, Pennsylvania & Delaware
My Background Over 7 years as a Trade Commissioner for Foreign Affairs, Trade & Development Canada (DFATD) Mandate is to improve the access of Canadian companies to key markets, capital, technology, talent, & trade-promotion & partnershipdevelopment support. Over 25 years experience in international sales & marketing/product development /sourcing/manufacturing United States: Telecommunications/Systems Integration» Clients : Fortune 500 pharmaceutical, financial & manufacturing. Far East: Product Outsourcing & Relocation» Clients: US & Chinese OEM s. Europe: Purchasing & QC.» Clients : Major Retailers in UK & Europe. Africa: Commodities & oil services:» Clients: Government & Multinationals
Canada & the United States World's largest & most comprehensive trading relationship United States' largest export market Bilateral trade -- $1.6 billion a day PA = 1/3 of exports go to Canada $24 Billion in trade/year 300,000 jobs Canada is 2nd largest supplier of imports Largest supplier of energy Fifth-largest foreign investor
Canadian Technology Accelerators CTA program US locations: SF (Life Sciences/Cleantech, ICT) NYC (CleanTech/Digital Media), Philadelphia (Health IT) Boston (Life Sciences/Cleantech, ICT) Objectives: In-depth assessment & sales strategy for the U.S. market Strategic partnership development & new client acquisition Connectivity with regional funding organizations, angel groups & venture capital firms Evaluation of the need for a U.S. presence
CTA @ Philadelphia Health IT WHY CANADA? Vibrate health/life sciences community Less barriers to innovation ICD10 deployed over a decade Telemedicine largest system in the Americas Interoperability baked in Data analytics nationwide ocology registry WHY PHILADELPHIA? Strategic location 2nd largest cluster of pharmaceutical companies in US Birthplace of US Medicine
CTA @ Philadelphia Health IT ELIGIBILITY Canadian-based/export-ready Focused on patient-centered solutions utilizing health information technology mobile communication devices and/or telemedicine Improve clinical processes, patient compliance/health & wellness Already demonstrated proof of concept & market acceptance through pilot studies/revenue generation Strong management capabilities including financial management & business strategy Competitive/no charge for eligible companies
The Program : Run twice a year (May & September) Three month cycle can be extended to six months Open to up to six startup companies in each cycle Participating companies receive the following services: Communal working space at the Science Center Access to mentoring sessions with local experts Workshops & seminars Demo Day where companies will present to local prospects and/or investors End Result: Open local office Increased economic activity/job creation both Canada & US Help to brand Philadelphia as major health IT hub
CTA Spring Cohort Infonaut Inc Evidence-based Disease Surveillance solutions for public health, hospitals and the healthcare system. Pulse Infoframe Database-driven informatics platform that creates, maintains, organizes, models, and shares data anonymously, securely and easily Sensory Technologies Virtual hospice homecare for Adult Palliative Care and Pediatric Complex Care
CTA Fall Cohort Interfaceware Help hospitals double the number of patient visits with their existing resources, applications and equipment MetricAid Reduces ED patient wait times and increases throughput IMPETUS Healthcare Designs, hosts and manages privately branded, password protected online healthcare communities that allow for sharing and collaboration anywhere, anytime
CTA Technology Day! Tuesday 19 th November At the Science Center 10 minutes presentations by all CTA companies Opportunity to network with companies & other healthcare professionals Breakfast & lunch provided
Hacking Health Our Mission Hacking Health is designed to improve healthcare by pairing technological innovators with healthcare experts to build realistic, humancentric solutions to front-line healthcare problems. +A collaborative computer programming environment where small projects can be tacked in a weekend. +Common in software and web companies where an idea can be prototyped and tested quickly, applying this model in healthcare is a first, and a real phenomenon! +Healthcare and business VIPs network with teams, physicians and healthcare professionals, entrepreneurs, decision makers, investors