On July 1st, BE Accelerator, in partnership with Taipei Medical University Biomed Accelerator (TMU Biomed Accelerator), held its second Demo Day in Taipei.
Themed “Health-Tech Epoch,” this Demo Day features the accelerator’s second batch of startups from Taiwan, Canada, France, Singapore, and United States and their disruptive ideas in precision medicine. In the venue, scenes in future hospitals are displayed on the screen and juxtaposed with those in today’s wards to visualize how AIoT will transform the healthcare industry in the following ten years. With this technology, institutions can streamline their workflow and clinical operations and care for their patients remotely. What’s more, everyone will be able to keep track of their health anytime and anywhere.
To move towards such future, all the teams in the batch have proposed their innovative solutions to current issues in healthcare: Some apply AI technology to help simplify procedures during hospitalizations and others invent new products and services to facilitate home and long-term care.
But why Taiwan? With rich healthcare resources and robust manufacturing capabilities, Taiwan is the best place for startups all around the world to experiment and showcase their talents, as Arthur Chen, the CEO of BE Capital, explained in his opening speech.
How today’s hospitals can gain new momentum from AI development
WeavAir, the winner of the 2019 Audi Innovation Award, offers advanced sensors and predictive analytics solution to save energy and reduce costs of high-value air distribution systems while improving indoor air quality, especially in medical institutions, where it is of great importance.
AImed aims to improve the success rate of In-Vitro-Fertilization (IVF) with AI technology. According to the data they provided, it has gone up by 10% in their test in China.
Radica Health proposes AI solutions for critically ill patients, helping to manage their medical records and record their physiological data. These materials can not only be utilized in ICU but also provide remote healthcare with a more comprehensive basis.
Having completed their series A round, UCARE.AI, in partnership with Parkway Pantai Ltd, launches their new AI-based system for healthcare predictions. With this system, patients can estimate the expenses during hospitalizations and assess their health risks.
The need for home care and telemedicine grows as the population ages
Diabnext develops a smart device for people with diabetes to better monitor their blood glucose and insulin dose. It automatically records the dosage and time of insulin injection, preventing possible errors caused by poor handwriting.
Kang Healthcare combines AI with the techniques of pulse-taking in Chinese medicine to develop a home-used pulse-reading device. After cloud computing, all the data are sent back to the users, along with personalized dietary advice.
Studio 1 Labs, the winner of 2019 Audi Innovation Award, develops intelligent bedsheets with sensors to track users’ movements on the bed and prevent falling. Without external patches, this product can be easily introduced to families with the elderly and long-term care institutions.
MODAR AI, founded by Raymond Lo, a serial entrepreneur from Y Combinator, is fully dedicated to AR application. Their main product, smart eyeglasses, records users’ health data and create personalized analytics for caregivers, medical team and families to gain insight into patients’ cognitive performance.