CTA for Health IT

Vincent Finn

Trade Commissioner – Life Sciences/Health IT

Consulate General of Canada

Presentation for the PAeHI Road Show

Drexel University

Thursday, October 17, 2013

Canadian Consulate General

Based in New York City• Office in Philadelphia which specializes in Life Sciences

& Health IT

• Report to Foreign Affairs, Trade & Development Canada (DFATD)

• Represent Canada's political, economic, cultural & immigration interests in – New York, New Jersey, Connecticut, Pennsylvania &

Delaware

My Background• Over 7 years as a Trade Commissioner for Foreign Affairs,

Trade & Development Canada (DFATD)

– Mandate is to improve the access of Canadian companies to key

markets, capital, technology, talent, & trade-promotion & partnership-

development support.

• Over 25 years experience in international sales &

marketing/product development /sourcing/manufacturing

– United States: Telecommunications/Systems Integration

» Clients : Fortune 500 pharmaceutical, financial & manufacturing.

– Far East: Product Outsourcing & Relocation

» Clients: US & Chinese OEM’s.

– Europe: Purchasing & QC.

» Clients : Major Retailers in UK & Europe.

– Africa: Commodities & oil services:

» Clients: Government & Multinationals

Canada & the United States

• World's largest & most comprehensive trading

relationship

• United States' largest export market

• Bilateral trade -- $1.6 billion a day• PA = 1/3 of exports go to Canada

• $24 Billion in trade/year

• 300,000 jobs

• Canada is 2nd largest supplier of imports

• Largest supplier of energy

• Fifth-largest foreign investor

Canadian Technology Accelerators

CTA program US locations:• SF (Life Sciences/Cleantech, ICT)

• NYC (CleanTech/Digital Media),

• Philadelphia (Health IT)

• Boston (Life Sciences/Cleantech, ICT)

Objectives:• In-depth assessment & sales strategy for the U.S. market

• Strategic partnership development & new client acquisition

• Connectivity with regional funding organizations, angel

groups & venture capital firms

• Evaluation of the need for a U.S. presence

CTA @ Philadelphia Health IT

WHY CANADA?• Vibrate health/life sciences community• Less barriers to innovation

• ICD10 – deployed over a decade• Telemedicine – largest system in the Americas• Interoperability – baked in• Data analytics – nationwide ocology registry

WHY PHILADELPHIA?• Strategic location • 2nd largest cluster of pharmaceutical companies in US• Birthplace of US Medicine

CTA @ Philadelphia Health ITELIGIBILITY• Canadian-based/export-ready • Focused on patient-centered solutions

• utilizing health information technology mobile communication devices and/or telemedicine

• Improve clinical processes, patient compliance/health & wellness• Already demonstrated proof of concept & market acceptance

through pilot studies/revenue generation• Strong management capabilities including financial management &

business strategy• Competitive/no charge for eligible companies

The Program :• Run twice a year (May & September)

• Three month cycle – can be extended to six months• Open to up to six startup companies in each cycle

Participating companies receive the following services:• Communal working space at the Science Center

• Access to mentoring sessions with local experts• Workshops & seminars • Demo Day where companies will present to local prospects and/or

investors

End Result:• Open local office

• Increased economic activity/job creation both Canada & US• Help to brand Philadelphia as major health IT hub

CTA Spring CohortInfonaut Inc

Evidence-based Disease Surveillance solutions for public health,

hospitals and the healthcare system.

Pulse Infoframe

Database-driven informatics platform that creates, maintains,

organizes, models, and shares data anonymously, securely and

easily

Sensory Technologies

Virtual hospice homecare for Adult Palliative Care and PediatricComplex Care

CTA Fall CohortInterfaceware

Help hospitals double the number of patient visits with their existing

resources, applications and equipment

MetricAid

Reduces ED patient wait times and increases throughput

IMPETUS Healthcare

Designs, hosts and manages privately branded, password protected

online healthcare communities that allow for sharing and

collaboration anywhere, anytime

CTA Technology Day!Tuesday 19th NovemberAt the Science Center

• 10 minutes presentations by all CTA companies

• Opportunity to network with companies & other healthcare professionals

• Breakfast & lunch provided

Hacking Health +A collaborative computer

programming environment where small projects can be tacked in a weekend. +Common in software and web

companies where an idea can be prototyped and tested quickly, applying this model in healthcare is a first, and a real phenomenon!+Healthcare and business VIPs

network with teams, physicians and healthcare professionals, entrepreneurs, decision makers, investors…

Our Mission

Hacking Health is designed to improve healthcare by pairing technological innovators with healthcare experts to build realistic, human-centric solutions to front-line healthcare problems.