The full strength of the St. Louis healthcare industry was displayed for highly-innovative digital health companies from Ireland, Israel, the United Kingdom and the Netherlands at the second annual GlobalSTL Health Innovation Summit on June 27, 2018.
GlobalSTL, the international company recruitment initiative of BioSTL, reviewed more than 600 digital health companies and invited 14 of the most compelling companies to pitch their new technologies — and Enterprise Ireland-backed companies CliniShift and HealthBeacon, were invited to participate.
Each international company that applied to the Summit was subjected to a thorough vetting process to identify the companies that had the best chance for securing a deal.
“We specifically select companies that represent compelling, high-value technology for St. Louis’ health care systems and corporations, come with proven track records, and have the ability to immediately enter the U.S market,” said Donn Rubin, President and CEO of BioSTL. “This approach has led to a total of 15 international companies with a new St. Louis location.”
The GlobalSTL Health Innovation Summit offers life sciences companies the opportunity to network and showcase their offerings. By presenting to St. Louis area hospital and corporation decision-makers, as well as a cadre of venture capitalists looking to invest in new companies, this highly-curated event introduces transformational technologies to the St. Louis health care industry that promise to improve the quality of and access to healthcare.
Dublin-based CliniShift is the developer and provider of a communication platform that connects clinical staff with hospital managers for maintaining rosters and off-duty scheduling, which leads to cost savings and better workforce utilization. CliniShift’s ambition is to optimize the white space in hospital rosters with its software solution. Founded in 2015 by CEO Aimée Madden, Clinishift is already streamlining processes within hospitals in Ireland, and their solution scooped the 2018 Bolton Trust/PwC Innovation Awards earlier this year.
HealthBeacon is an Ireland-based medication adherence technology company with smart sharps bins and tools for patients who self-inject medications at home. Founded by CEO Jim Joyce, HealthBeacon was born from a need to develop a practical solution to help patients take their medications on schedule, thus improving treatment outcomes. The company’s smart sharps bin technology tracks patients when they dispose of their medication, interacting with them to make sure they stay on track.
The medtech sector in Ireland has experienced growth at an exponential rate over the past decade, growing from 50 to 250 medtech companies within just 20 years. Currently, 13 of the top 15 global medical technology companies are based in Ireland, and the sector employs an impressive 38,000 workers throughout the country.
Ireland possess world-class capabilities in research with intensive collaboration between companies, research institutions and clinicians — making Ireland a perfect platform for the industry to start, innovate and continue to scale as one of the five major global hubs for the medical technology sector.