This past week the
entrepreneurial ecosystem in Memphis was more abundant than ever at Demo Day
2015, where Start Co.
conjunction for the first time to present graduates of their business
accelerator programs to local businessmen, investors and community leaders.
The 10 StartCo companies that were part of Demo day are all
technology based companies addressing a wide variety of market needs ranging
from paperwork and financial problems with divorce (DivorceSecure) to
predictive maintenance software for the trucking industry (Preteckt) as well as
addressing issues with medical equipment on loan (LendMed). Pretty interesting
ideas for sure!
But the one company that really caught my eye was Care
Current who have a software program that matches up senior citizens to support
agencies. With an every growing segment of the population (Baby Boomers) retiring
and in need on ongoing healthcare support, I can’t help but think the Care
Current not only makes sense will have some serious nationwide growth
opportunities in the future.
The 4 Zero to 510 companies that participated in Demo Day
are all focused on healthcare/medical device technology which included
Sweet Bio. a company focused on revolutionizing dental healing as well as
LineGard Med. Another interesting company that was part of Demo Day was GlucosAlarm which is a company that is revolutionizing the way diabetes patients are
treated with a patent pending sensor that measures sugar levels in urine. With
GlucosAlarm, patients can more easily manage their diabetes and keep up
their daily routine without further complications.
Of all the presentations, perhaps the one from Inspire
Living was the one that appears to have the greatest chance for rapid growth and
future success. INSPIRE is a portable diagnostic device that enables
caregivers, at all levels, from individuals to doctors, to perform an advanced
diagnostic medical exam in one minute for local and remote patients. By
automating the sensory device measurements, caregivers can quickly use it as a
diagnostic aid anywhere; in clinics, at home or in the most remote areas of the
world. Inspire Living presented some very strong growth projections
for the future, particularly in the area of rural healthcare and telemedicine
which was/is highly interesting to me as well since that is ISI’s game plan as
In fact, both GlucosAlarm and Inspire Living not only presented
telemedicine as part of their sales growth strategy but also noted that
significant amounts of their R&D budgets will be pointed in that direction
for many years to come. Telemedicine/ Rural Healthcare technology appears to be
poised for some explosive growth opportunities for a lot of companies in the