Sunday, June 17, 2012

Companies Receive Funds

Connecticut Innovations (CI), the state’s quasi-public authority responsible for technology-based economic development, recently committed $150,000 in Pre-Seed Funds to Notifyi LLC located in New Haven. CI’s Pre-Seed Fund supports the formation of new Connecticut technology companies and provides loans of up to $150,000 to Connecticut-based startup and early-stage technology companies.

The funds are to be used for product development and to initiate the launch of a cloud-based physician collaboration platform. In addition to the CI funding, the company secured matching funds from individual investors.

Notifyi’s platform allows physicians to send clinical messages to other physicians securely, while enabling recipients to choose when and how they are notified. The platform will also include conferencing capabilities, discussion forums and blogs, administrative tools, and customized message receipts.

A few months ago, CI also made another follow-up investment of $500,000 in Innovatient Solutions Inc. in Farmington through the Seed Investment Fund. In 2011, CI made the first investment of $500,000 in Innovatient to help the company develop a patient-centered information system aimed at improving communications between hospital care providers and patients.

The company’s first application, “nVision Information Therapy Solution” (nVision) provides education, communication services, and entertainment to patients using pre-existing hospital infrastructure. Using this system, patients can communicate with their healthcare providers, clinical teams, and families about daily goals, pain levels, and meal preferences. nVision also provides timely feedback to hospital personnel through the delivery of both standardized and user-defined surveys.

Information is provided to patients through their in-room televisions and to the clinical team via personal computers or intelligent handheld devices. nVision can interface with multiple hospital systems such as EMRs and pharmacy software systems concerning diets, transport needs, and medications.