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NYCEDC Announces Winners of Innovate Health Tech, Highlighting Innovation in NYC's Healthcare Sector
Date:7/23/2013

eated patented wireless pill bottles that improve medication adherence. Many patients fail to take their medication properly, increasing U.S. healthcare costs by $300 billion annually. AdhereTech's bottles measure the exact number of pills in the bottle in real-time, wirelessly send this HIPAA-compliant data into the cloud, and remind patients to take their medication via automated phone call or text message.

"Health 2.0 is thrilled with the success of both the Innovate Health Tech NYC competition and the Demo Day!" said Jean-Luc Neptune, SVP at Health 2.0, NYCEDC's administrative partner. "We look forward to continuing to support the New York City health tech community with further collaborations with NYCEDC, Janssen Healthcare Innovation, and fellow partners StartUp Health and ChallengePost."

Innovate Health Tech NYC was developed out of Eds & Meds NYC 2020, a strategic review of the life sciences and healthcare sectors in NYC. NYCEDC held extensive conversations with senior academic stakeholders, investors and entrepreneurs in NYC and beyond.

New York City is home to an increasingly robust healthcare sector, which includes world-class academic medical centers, top pharmaceutical companies, as well as numerous physician practices, nursing associations and clinics. Most recently, NYCEDC announced a partnership that will lead to the creation of Harlem Biospace, a life sciences incubator that will provide affordable wet-lab and microbench facilities, specialized laboratory equipment, mentorship and business support to early-stage life sciences companies.  Harlem Biospace is designed to help create a thriving biotech community for turning revolutionary ideas into products that will solve important health problems.

Janssen Healthcare Innovation (JHI) is an entrepreneurial team within Janssen Research & Development, LLC, one of the Janssen Ph
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SOURCE New York City Economic Development Corporation
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