As the finalists of the Youngstown Business Incubator’s inaugural Shark Tank event left the stage May 3, they were happy with what they walked away with: some prize money and access to the expertise of five local investors and the YBI.
But in the months since, the initial prizes – $6,000 to Augment Therapy, $3,000 to PlateMap and $1,000 to FishMySpot, all provided by the event’s sponsor, Medical Mutual of Ohio – were just the beginning for the trio of finalists.
Beyond the first-place prize money, Augment Therapy also gained $50,000 commitments from four of the five sharks at the event. Catherine Mott of BlueTree Capital Group, later upped her firm’s commitment to $150,000, becoming the lead funder.
Augment Therapy is an augmented reality service for pediatric physical therapy, combining telehealth with fun activities child patients can play. For kids, it’s a fun game, but for doctors it can provide valuable information on their health and keep them engaged.
Founder and CEO Lindsay Watson says the startup has secured $375,000 as “a direct result of the Shark Tank.” Part of that number, she adds, is $100,000 from investor Vince Bacon, who attended the event and reached out to Watson afterward.
And, says YBI’s entrepreneur-in-residence, Jim Cossler, who has been advising some of the Shark Tank finalists, Augment Therapy is nearing the end of its first seed round that will bring in even more to the startup
“We’re very, very confident that with our introductions and our assistance that she will successfully close a $750,000 round,” Cossler says.
Join us on October 3rd as we celebrate the Campana Center’s most recent expansion, which includes spaces designed to bring a community of ideas to life. A regional hot-spot for makers, inventors and businesses, the Campana Center gives everyone the skills, equipment and confidence needed to turn an idea into an invention.
October 3, 2019
7:30 a.m. to 1 p.m.
Lorain County Community College Campus
Patsie C. and Dolores Jeneé Campana Center for Ideation and Invention
7:30 a.m. – Registration and Breakfast (Spitzer Conference Center, Reaser Grand Room)
8:30 to 11 a.m. – Keynote Lecture by Luke Williams (Spitzer Conference Center, Reaser Grand Room)
11 a.m. to 1 p.m. Open House (Campana Center)
Luke Williams joined New York University Stern School of Business in September 2012 as Executive Director of the W.R. Berkley Innovation Lab and Clinical Associate Professor of Marketing and Entrepreneurship. Professor Williams is also a Fellow at frog design.
Professor Williams is a leading consultant, educator and speaker specializing in disruptive innovation. He is the author of Disrupt: Think the Unthinkable to Spark Transformation in Your Business. For more than a decade, he has worked internationally with industry leaders such as American Express, GE, Sony, Crocs, Virgin, Disney and Hewlett-Packard to develop new products, services and brands.
Professor Williams has been invited to speak worldwide, and his views have been featured in Bloomberg Businessweek and Fast Company and on National Public Radio (NPR).
To register for the event, click here: https://www.lorainccc.edu/campana/opening/
Similar to how Uber connects passengers to drivers and Airbnb links guests to hosts, a startup in Cleveland is developing technology to bring together physicians with hospitals and medical practices.
Hyr Medical, a pre-seed health care technology startup, has created an online platform for physician freelancing in an effort to deliver a more efficient, transparent, cost-effective way to connect doctors to places to practice.
Some physicians pick up extra shifts on the side to make additional income or help out as needed. Also, as millennials seek a different work-life balance, and older physicians head toward semi-retirement, many doctors are increasingly looking to freelance full-time, said Manoj Jhaveri, co-founder and CEO of Hyr.
The freelance market for health care practitioners is about a $15 billion industry that Jhaveri said he expects will grow exponentially.
American manufacturing is changing once again. Zac Divencenzo, co-founder of technology company JuggerBot 3D, is on the cutting edge of this new revolution. In a new video titled "Rethinking Manufacturing", Zac Divencenzo and fellow youngstown engineer Ashley Totin discuss why we need to rethink manufacturing, career choices, and even the very idea of how we build and revitalize communities.
Check out the full video here:
VentureOhio recently released its list of the Top 50 Startups to Watch for 2019. Three of the startups listed are Innovation Fund companies. The Innovation Fund companies mentioned are Folio Photonics, Heureka Software, and Wisr. Folio Photonics is the developer of an optical data storage solution designed to store large amounts of data. Heureka Software provides technology-based services for litigation and compliance. Wisr connects college campuses through digital communities for networking and mentorship. All 50 companies on the list were selected via a competitive nomination process and selected by a panel of judges consisting of more than 25 venture capitalists, entrepreneurs and technologists.
Banyan Technology, the pioneer and industry leader of live carrier connectivity, was selected as one of the 100 fastest growing companies in Northeast Ohio and was honored at the 30th annual Weatherhead 100 awards ceremony.