Tag Archives: RESI

In Mental & Behavioral Health, Investors Find Challenges and Opportunities

28 Jun

By James Huang, Research Analyst, LSN

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Mental and Behavioral Health contains many highly prevalent but stigmatized health conditions, which can lead to a lack of interest from investors, therefore prolonging the development of treatments for these conditions. The Redefining Early Stage Investments (RESI) Boston Summer Conference on June 4, 2018 included a panel devoted to “Investing in Mental and Behavioral Health” to shed light on the subject. Despite the stigma associated with mental and behavioral health, there are investors working in the space to identify and fund digital health solutions for these high-need conditions.

For the panel, five mental and behavioral health experts shared their insights on the advancement of digital health solutions for mental and behavioral health conditions. The panelists covered topics such as: the current progress, areas or technologies that may raise skepticism, what they hope to see in the future, and whether investors face a similar stigma for targeting these specialized companies.

The discussion between the panelists brought to light many issues, such as hesitancy to work with passive data collection in a space with sensitive information, and a reluctance to diagnose these disorders in primary care due to an inability to treat effectively. The discussion on passive data collection and the skepticism around it is particularly thought-provoking and discussed thoroughly in the second clip highlighted below. You can watch and learn from the panelists insights regarding each of the prompts listed.

Moderated by Julie Papanek Grant, Partner at Canaan Partners, the panel included:

  • Justin Baker, Scientific Director, The McLean Institute for Technology in Psychiatry
  • Ken Duckworth, Senior Medical Director for Behavioral Health, Blue Cross Blue Shield of MA
  • Robert Garber, Partner, 7wire Ventures
  • Eric Schaeffer, Senior Director, Neuroscience Innovation, Johnson & Johnson Innovation

Where Do These Investors See Progress?

What Areas/Technologies Are These Investors Skeptical About?

What Types of Technologies Do They Want to See in This Space?

Is There a Stigma Towards Investing in Mental and Behavioral Health?

As Robert Garber from 7wire Ventures mentioned, digital health solutions for mental and behavioral conditions, was not thoroughly reviewed at all when he first explored investment opportunities in 1996 despite the prevalence of mental health being ignored. Since then the topic is more openly discussed, so investors have seen a floodgate open resulting in a substantial increase in startups focused on mental and behavioral health.

As Ken Duckworth from BCBS of Massachusetts states, given the long history of prejudice and injustice for those suffering from mental and behavioral disorders, there’s a hesitancy to provide data given privacy concerns. While there still aren’t any solutions to adequately protect privacy concerns, this panel hopes to bring an even wider audience to the discussion to advance further ideas and potential treatments.

This panel will continue to be part of the agenda during RESI Healthtech Week featuring new voices and expertise, so if you’re interested in watching the live discussion on this topic, please be sure to join us there on September 6, 2018 too.

RESI Healthtech Week Announces the First Coast Innovation Challenge on September 5th, And the RESI Global Innovation Challenge on September 6th

21 Jun

By Samuel Rubin, Business Development Manager, LSN

For the first time this fall, Life Science Nation (LSN) will have two days of competition as part of the RESI Healthtech Week (September 5-7, 2018). Day 1 will feature the First Coast Innovation Challenge, where the top 10 ranked companies of the First Coast tech hubs will present their technology as a 10-minute pitch to a panel of early-stage investors. Day 2 features the traditional RESI Innovation Challenge, where the top 30 companies who apply are chosen to showcase a poster on the RESI Global Partnering Conference Exhibit Hall.

LSN is proud to now include presentation opportunities for top technologies from the First Coast that have recently moved out of the lab and are ready to target grant, angel, and seed funding. The First Coast Innovation Challenge on Day 1 complements the RESI Global Innovation Challenge on Day 2, offering greater investor exposure to companies from the earliest stage to more established startups that are looking globally and seeking funding from institutional investors.

Applying for the Innovation Challenge at RESI Healthtech Week Will Boost Your Exposure with Investors

Those selected to be Innovation Challenge finalists will have the potential to dramatically increase the number of meaningful investor relationships they build. The objective of most early-stage companies and tech hubs attending RESI Healthtech Week is to have one-on-one meetings with investors who are a fit for them. The Innovation Challenge expands on the RESI Partnering Forum, providing an avenue to directly showcase to the whole investor audience, in addition to booking formal one-on-one meeting opportunities. Investors attending RESI Healthtech Week know that Innovation Challenge finalists are selected based on credentials for success and will be inclined to engage with these companies.

First Coast Innovation Challenge VS RESI Global Innovation Challenge

All registered attendees who qualify for Day 1 – First Coast Innovation Challenge are also eligible to apply for Day 2 – RESI Global Innovation Challenge. You must be a Qualifying First Coast Day 1 registrant to apply for the First Coast Innovation Challenge.

Qualifying Day 1 First Coast Innovation Challenge participants are the constituents of northeast corridor incubators, accelerators, tech transfer offices, university translation initiatives, hospitals, and research labs. Day 2 is open to all global attendees – scientist-entrepreneurs, fundraising CEOs, and the First Coast.

Selected finalists on Day 1 will pitch to global investors, while the selected Day 2 finalists will showcase their poster in the exhibit hall and will be eligible for the prizes awarded to the top Day 2 participants.

Innovation Challenge Application Open Now!

The online application for the Innovation Challenge officially opens today! We welcome applications both for Day 1 – First Coast Innovation Challenge, and Day 2 – RESI Global Innovation Challenge. The application deadline is Friday July 27, 2018 for both competitions.

If you are accepted as a finalist, we will notify you by Thursday August 9th, and you will have until Thursday August 16th to confirm your participation and register for RESI Healthtech Week.

The LSN Review Team and the 300+ investors attending RESI Healthtech Week look forward to learning more about your unique technologies!

 

 

Fundraising Advice Straight from The Source: See the RESI Healthtech Week Panel Agenda

14 Jun

By Lucy Parkinson, VP of Investor Research, LSN

RESI Healthtech Week, a three-day event starting September 5th, will offer an expanded agenda of panels and workshops for entrepreneurs looking for advice on how to raise capital (grants, seed, angels, series A and series B rounds) for their ventures.

At the First Coast Innovator’s Gathering (RESI Healthtech Week Day 1 on September 5th), the focus will be on the very earliest stages of fundraising and entrepreneurship. Attendees can catch panels on Seed Funds, Angels, Foundations, the NIH, and Big Pharma at the Seed Stage, as well as a workshop on raising nondilutive grant funding. The goal is to set up the earliest stage companies for success by providing additional information on funding they have not previously received. Additionally, the agenda includes the First Coast Innovation Challenge, a competition for the First Coast Innovators to pitch their company to selected investors in the afternoon.

On Day 2 (September 6th), the RESI Global Partnering event will focus on panels about global early stage investments (series A and series B) in life science companies from RESI’s core verticals of therapeutics, medical devices, diagnostics and digital health. The agenda includes new sessions on Impact Investors, and Investing in Personalized Medicine, as well as two sessions focused on investors from the Asia-Pacific region – Investors Leveraging the CFDA and Asia Cross-Border Investors. Also featured are many more topical sessions on the newest trends in life science investment.

The Entrepreneur’s Academy Workshop Series on Day 3 (September 7th) features a full day of entrepreneurship workshops for attendees to learn how to brand and market their company to investors, create an investor target list, and send outbound marketing within an organized campaign to raise capital. We hope you can join us for this exciting new three-day event.

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