M-1 Ventures, the health technology accelerator sponsored by Johns Hopkins, Plank Industries and the University of Maryland, chose five companies to participate in its first cohort.
These companies will each receive $25,000 and go through a 16-week program with one-on-one mentorship from the sponsors and additional investment potential based on a peer-review system.
“The startups in M-1 Ventures’ first-ever cohort each have an ambitious and innovative solution to a health and wellness issue, the talent and passion to accelerate their development, and the capability to leverage the resources that our accelerator provides,” said Tony D’Agostino, a co-director of M-1 Ventures, in a statement. “We believe support from M-1 Ventures will help startups build on the traction they have already established and reach their potential.”
In December, at the end of the program, there will be a Demo Day for the startups to pitch investors.
The five participating companies are :
- BurnAlong, an online fitness and wellness platform that allows people to work out with instructors remotely and with friends;
- b.well, an online health data platform;
- EduMD, which creates assessment software for surgical training;
- MotionVibe, which creates an app to connect users with fitness professionals and other users; and
- RoundTrip, an on-demand transportation system for patients to reach hospitals in non-emergencies.
The collaboration between Hopkins and Maryland turned some heads when the accelerator was announced in July.
“It is Hopkins and Maryland,” d’Agostino told The Daily Record at the time. “People think of them as competitors but this is such an interesting space that they have come together to help build the startup community in Maryland.”
The accelerator will also try to convince some of these companies to make Baltimore their permanent home. By specifically focusing on technology in health and fitness, the accelerator hopes the Baltimore area can be well-positioned with its access to world-class hospitals and universities.
“The Baltimore area has incredible voices in health innovation, and we at RoundTrip can’t wait to be a part of it,” said Angela Damiano, the corporate administrator of the Philadelphia-based RoundTrip, in a statement. “With M-1 Ventures’ help, we know RoundTrip can improve access to transportation for patients and care coordinators in Baltimore and beyond.”