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Jvion selected as winner of Mayo Clinic Think Big Challenge
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ROCHESTER, Minn. – The Mayo Clinic Center for Innovation and Mayo Clinic Ventures today announced that Jvion, a healthcare technology firm, based in Georgia, has been selected as the winner of the Mayo Clinic Think Big Challenge, a national competition for innovators and entrepreneurs to earn the opportunity to license Mayo Clinic technology, lead a team, and score a $50,000 cash prize.
Jvion is a Johns Creek, Georgia company with a mission to “use algorithms and data to save lives.” The firm will lead a team to develop a market strategy for Bedside Patient Rescue, a Mayo Clinic patient monitoring system that uses machine learning technology that is scalable to any size hospital. The system calculates a risk score for hospitalized patients and provides both prompt alerts in cases when a hospitalized patient’s health is deteriorating.
“We are excited to have Jvion lead our team as we develop a strategy that will quickly move Mayo’s technology for Bedside Patient Rescue into the health care marketplace to improve the lives of patients around the world,” says Doug Wood, M.D., medical director of the Mayo Clinic Center for Innovation. “New collaborations such as this one are essential to make change possible for the future of health and health care.”
The final round of competition with five finalists occurred Sept. 15 at the Mayo Clinic Transform 2016 Conference in Rochester before an expert panel of venture capitalists and a live Transform audience. Judges were Rob Faulkner, Redmile Group, LLC; Timmeko Love, Mayo Clinic Ventures; Nick Solaro, Drive Capital; Mustaqeem Siddiqui, M.D., Mayo Clinic; and Gary Smith, Rochester Economic Development Agency, Inc.
MEDIA CONTACT: Duska Anastasijevic, Mayo Clinic Public Affairs, 507-284-5005, newsbureau@mayo.edu
About the Mayo Clinic Center for Innovation
The Mayo Clinic Center for Innovation taps the resources, ingenuity and legacy of Mayo Clinic’s more than 150 years of medical leadership. The center offers a space within Mayo Clinic to rapidly introduce new ideas into the clinical practice. The center’s multidisciplinary team uses a human-centered design approach to turn innovative ideas into practical solutions that change how people can determine their own health and experience the delivery of health care. For more information, visit http://centerforinnovation.mayo.edu/.
About Mayo Clinic Ventures
Mayo Clinic Ventures serves Mayo Clinic’s mission by finding partners that can bring Mayo’s inventions into the marketplace to be used to improve medicine everywhere. Mayo Clinic Ventures’ mission is straightforward: Commercialize Mayo Clinic technologies for the benefit of patients worldwide, while generating revenue to support clinical practice, research and education at Mayo Clinic. For more information, visit http://ventures.mayoclinic.org/.
About Transform
Hosted by the Mayo Clinic Center for Innovation, Transform is a catalyst for engaging people to create a sustainable future for health. “Make Change Possible: Thriving in an Ecosystem for Health” is the theme for this year’s conference, which will be held Sept. 14-16 in Rochester. Now in its ninth year, Transform addresses tough questions, connects a broad spectrum of perspectives and inspires change through action. For conference information, visit https://transformconference.mayo.edu/register/.
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About Mayo Clinic
Mayo Clinic is a nonprofit organization committed to clinical practice, education and research, providing expert, whole-person care to everyone who needs healing. For more information, visit http://www.mayoclinic.org/about-mayo-clinic or https://newsnetwork.mayoclinic.org/.
