Digital health ventures use crowdfunding to raise money for innovative products

March 5, 2014 | Reply More
The Pocket Physician by Lion Heart Innovations

The Pocket Physician by Lion Heart Innovations

Many new connected health ventures have been turning to crowdfunding in order to acquire the money needed to create and launch their products with varying levels of success. During Qualcomm’s Tricorder XPRIZE competition, WLSA member Scanadu utilized crowdfunding site Indiegogo to help fund the creation of their tricorder device. The crowdfunding campaign proved to be tremendously successful– Scanadu easily surpassed their $100,000 goal, raising over $1,664,000.

Ryan McQuaid, a former lead product marketing manager of AT&T’s mHealth Platform business, also launched an Indiegogo campaign for his new company PlushCare, an app-based telemedicine platform. So far, PlushCare has raised $20,000 with 10 days left to reach its $25,000 goal.

MobiHealthNews describes 12 new and diverse mobile health crowdfunding projects including Alima, a smartphone-connected indoor air quality monitor, IRO by IroNova wrist-worn activity tracker, and Lion Heart Innovations’ Pocket Physician, a comprehensive mobile medical app.

Read more and tell us which project you would donate to– or if you already have.

This year, our annual Convergence Summit will feature a panel of experts discussing the future of crowdsourcing for digital health ventures. Join us in San Diego from May 14-16 to hear their insights and predictions.

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