Small Business Development and SBIR Phase I Proposal Development Services
DeliverHealthCare, Inc., a Manhattan Beach, CA health technology startup, hired Eighteen Ventures to provide small business development and SBIR Phase I proposal development services. The services helped the client (1) formally establish a business structure and (2) thoroughly think through and present an innovative healthcare information technology (IT) concept for independent Nurse Practitioners (NP) offices. A business model was prepared to help grow the startup; while, separate SBIR Phase I grant proposals were prepared, for the National Institutes of Health (NIH) and the National Science Foundation (NSF) SBIR programs, to fund the healthcare IT concept.
Eighteen Ventures worked closely with the company's founder & CEO, who is a retired physician, to implement both services.
Private Sector Capital Fundraising Service
Quality Reviews, Inc., a New York City-based small healthcare IT firm hired Eighteen Ventures to help it attract growth capital from a Health System Venture fund. The company intends to use the funding to increase sales of its patient feedback services designed for hospitals, outpatient clinics, and other healthcare facilities.
Health System Venture funds are organized and run by healthcare systems like Inova Health System (Falls Church, VA) and Partners HealthCare (Boston, MA). They invest in small companies developing novel, problem-solving solutions for their hospitals. Moreover, the funds finance firms with solutions that improve the services of the hospitals or healthcare systems.
Using our knowledge, expertise and experience, Eighteen Ventures helped Quality Reviews identify and connect with a Health System Venture fund matching the company’s investment request level and technology development specialty.
Business Model Development and Private Sector Capital Fundraising Services
A Jonesboro, AR, health technology startup hired Eighteen Ventures to research and prepare a business model. The business model supports the development of a proposed patient monitoring device to treat Congestive Heart Failure (CHF). The proposed technology solution will be used to reduce safety net hospitals' costly readmission rates associated with CHF. The new company is headed by a practicing cardiologist with extensive experience treating heart conditions.
The completed business model will be used to attract and obtain private investment capital from either a health system venture fund or a corporate venture capital fund. Eighteen Ventures worked closely with the company's founder & CEO to implement both services.
Business Plan Development and Private Sector Capital Fundraising Services
A Rochester, NY small emerging firm hired Eighteen Ventures to prepare a business plan and help the company find potential private sector capital investors for its Life Improvement Portal (LIP) Glucose Monitoring System (GMS). The device is designed for individuals with vision and hearing disabilities. Also, the LIP GMS project was originally funded by the U.S. Department of Education SBIR program.
Eighteen Ventures worked with the company's owner to produce a business plan. More importantly, the document's two-page executive summary was used to attract private sector capital investors. This whole effort resulted in the company connecting with and making a funding presentation to a health technology focused New York City venture capital firm.
To learn more specific information about Eighteen Ventures' services, please visit our Consulting Services.