Archive for category: Insight Accelerator Labs

Insight Accelerator Member Wins MedTech Innovator Award Competition!

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Briteseed Advances to Final Round Competition with Innovative SafeSnips™ Technology

MedTech Innovator

Chicago startup Briteseed outperformed 137 medical technology competitors at the 2014 Emerging Medical Technologies Summit in San Francisco to take first place in the MedTech Innovator Awards. Widely regarded among Silicon Valley investors and technology elites as the premier showcase for emerging medical device innovation, the win also positions Briteseed to move on to the final phase of the MedTech Innovator competition in 2015 and compete with other elite innovation finalists for a $125,000 cash prize. Briteseed is the inaugural member of Insight Product Development’s Accelerator Labs. Read more

Chicago Health Tech Ecosystem Expands!

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As part of Insight’s recent Chicago HealthTECH Summit, nearly 200 key industry leaders made their mark on the local ecosystem. Literally!

Check out the Summit attendee-authored Chicago Health Tech Ecosystem graphic below that reflects the growing community working to support local startups at every stage of innovation - from leading grant and university technology transfer programs to venture funding and technology scaling. Read more

Leveraging Technology to Realize Innovation

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The gap between a core technology and a commercializable solution in the medical device space is substantial, and technology challenges are frequently what prevent products from making it to market. With more than 400 medical device products successfully launched in the marketplace, we thrive on the challenge of effectively and repeatedly bridging this divide for our clients, and helping them to overcome these challenges. Read more

Chicago’s Medical Startup Ecosystem

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Funding_gapEstablished in 2013, Insight Accelerator Labs is celebrating our first year of helping healthcare startups take ideas from patent to practice. In their time with us our first member company Briteseed has achieved not only several funding milestones but also huge steps in realizing their technology. Their accomplishments include winning first place in the healthcare track for the Rice business plan competition, raising over 1.3M in funding, doubling in size from three to six all while still maintaining a lean startup philosophy. The IAL-Briteseed team has its first live-animal test coming up in several months that will demonstrate the technology as an integrated surgical tool in a real environment with realtime feedback to the surgeon. We feel it is amazing progress in a rapid time frame for a complex medical device and one that we’re confident will have a big impact on the market and the people it helps. Read more

Insight Accelerator Labs Presentation Overview

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Steve McPhilliamy is Partner and Director of Design at Insight and Executive Director of Insight Accelerator Labs, a Chicago-based medical device accelerator that helps startups close the gap between core technologies and commercializable solutions.

Steve is an active member in the Chicago startup community, giving presentations ranging from innovation in healthcare to building med-tech businesses in the Midwest.

Below is a slideshare of a recent presentation on development support and funding stages to facilitate a thriving Chicago med tech startup environment. Read more

Insight Accelerator Labs recently featured in Inc

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Inc.com recently featured an article about Insight Accelerator Labs; In the write-up, Inc points out some of the attributes about IALabs that they feel are unique from other incubators/accelerators.

Inc. notes, “some fledgling businesses need more than tangential support to grow their businesses”. This article explains how Insight Accelerator Lab’s new model goes beyond the tangential support that most incubator programs offer and how it instead can help drive startups to their next level of development.

Click here to read the article.

Insight Accelerator Labs Charter Member, BriteSeed, LLC, Earns Second Place Overall in the Rice University Business Plan Competition

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Accelerator Labs

Insight Accelerator Labs is excited to announce the ongoing success and recognition of its charter startup member BriteSeed. Recently BriteSeed entered the Rice University Business Plan Competition, which is the world’s largest graduate-level business plan contest. This was the thirteenth year for the competition which had hundreds of entrants with 42 finalists competing for over 1.3 million in cash and prizes. Read more

Helping Medical Startups Cross the Valley of Death: Insight Accelerator Labs Featured in Tribune Article

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The Chicago Tribune recently ran a piece focused on our Insight Accelerator Labs accelerator program, which helps medical startups go from conceptualization to achieving a market-ready product.

Insight Accelerator Labs Executive Steve McPhilliamy told the Tribune how the project will work with several Chicago universities in order to find select companies and offer them an residency at Insight’s Ravenswood office, allowing them to collaborate with Insight’s proven product development team, and also assist them with mentorship and financial connections in order to make their ideas successful. Read more

Announcing Insight Accelerator Labs

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Accelerator Labs

Insight Product Development, a world-class, Chicago-based consulting group with extensive healthcare experience, is proud to introduce Insight Accelerator Labs , an accelerator program distinctly focused on medical-device startups possessing unique, innovative, and patentable technology within the medical and healthcare space. This program is designed to help early-stage companies align their vision to potential customers, communicate their value to potential investors, and tangibilize their technology, creating real solutions to real problems in healthcare. Read more