The Mayo Clinic Center for Innovation and Mayo Clinic Ventures today announced that Jvion of Johns Creek, GA has been selected as one of five finalists for the Mayo Clinic Think Big Challenge, a national competition for innovators and entrepreneurs to earn the opportunity to license Mayo Clinic technology, lead a team, and score a $50,000 cash prize.
Rochester, MN, September 8, 2016 -- The Mayo Clinic Center for Innovation and Mayo Clinic Ventures today announced that Jvion of Johns Creek, GA has been selected as one of five finalists for the Mayo Clinic Think Big Challenge, a national competition for innovators and entrepreneurs to earn the opportunity to license Mayo Clinic technology, lead a team, and score a $50,000 cash prize.
Jvion has chosen to present a market strategy for the Mayo Clinic technology, Bedside Patient Rescue, a bedside patient monitoring system that uses machine learning technology and is scalable to any sized hospital. The system calculates a risk score for hospitalized patients and provides both prompt alerts in cases when a hospitalized patient’s health is deteriorating as well as a framework for building a care escalation plan.
Reflecting on the opportunity, Jvion’s CEO Shantanu Nigam said “we are thrilled to participate in the Think Big Challenge. We want to work with the Mayo Clinic Center for Innovation and Mayo Clinic Ventures because we want to stop unnecessary deaths. We want caregivers armed with the best insights and most accurate predictions so that patient and family suffering can be prevented.”
The final round of competition will occur on September 15 at the Mayo Clinic Transform 2016 Conference in Rochester, Minnesota, before an expert panel of venture capitalists and a live Transform audience. The winner will become the Mayo Clinic Think Big Challenge entrepreneur in residence.
“There’s a new twist to the Think Big Challenge this year,” says Jeanne Huddleston, M.D., co-moderator for the Mayo Clinic Think Big Challenge final competition. “We will be looking for the go-to-market strategy, savvy, and energy that will launch one of Mayo Clinic’s technologies to make it available to patients all over the nation or world.”
The judging panel for the Mayo Clinic Think Big Challenge includes:
- Rob Faulkner, Redmile Group, LLC
- Timmeko Love, Mayo Clinic Ventures
- Nick Solaro, Drive Capital
- Mustaqeem Siddiqui, M.D., Mayo Clinic
- Gary Smith, Rochester Economic Development Agency, Inc.
For more information about Mayo Clinic Think Big Challenge and Transform 2016, visit https://transformconference.mayo.edu/
About the Mayo Clinic Center for Innovation
The Mayo Clinic Center for Innovation taps the resources, ingenuity and legacy of Mayo Clinic’s more than 150 years of medical leadership. The center offers a space within Mayo Clinic to rapidly iterate new ideas into the clinical practice. The center’s multidisciplinary team uses a human-centered design approach to turn innovative ideas into practical solutions that change how people can determine their own health and experience the delivery of health care. For more information, visit http://centerforinnovation.mayo.edu/
About Mayo Clinic Ventures
Mayo Clinic Ventures serves Mayo Clinic’s mission by finding partners that can bring Mayo’s inventions to the marketplace, where they can be used to improve medicine everywhere. Mayo Clinic Ventures’ mission is straightforward: Commercialize Mayo Clinic technologies for the benefit of patients worldwide, while generating revenue to support clinical practice, research and education at Mayo Clinic. For more information, visit http://ventures.mayoclinic.org/.
Hosted by the Mayo Clinic Center for Innovation, Transform is a catalyst for engaging people to create a sustainable future for health. “Make Change Possible: Thriving in an Ecosystem for Health” is the theme for this year’s conference, which will take place Sept. 14-16 in Rochester. Now in its ninth year, Transform addresses tough questions, connects a broad spectrum of perspectives, and inspires change through action.
About Mayo Clinic
Mayo Clinic is a nonprofit organization committed to clinical practice, education and research, providing expert, whole-person care to everyone who needs healing. For more information, visit http://www.mayoclinic.org/about-mayo-clinic or http://newsnetwork.mayoclinic.org/.
Cathryn Kennedy, Mayo Clinic Center for Innovation, 612-309-3951, kennedy.cathryn(at)mayo(dot)edu
Social Media hashtag and handle: #TXFM and @MayoInnovation