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HEALTHCARE | Medical Devices & Equipment / Patient Monitoring

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Stage

Incubator/Accelerator | Alive

About Sm-Heart

Sm-Heart is developing a wearable technology that is able to detect heart failure. This is done by monitoring the amount of swelling in a user's leg.

Sm-Heart Headquarter Location

Canada

Latest Sm-Heart News

Bird Takes SM-Heart to MassChallenge

Sep 14, 2017

by Peter Moreira | Sep 14, 2017 Thomas Bird used a trip to Israel to make sure his Fredericton-based company SM-Heart was accepted into the MassChallenge Accelerator in Geneva, Switzerland. This globe-trotting startup is developing an ankle bracelet that monitors swelling in the lower leg, which can be a key indicator of heart failure. The company now has a working prototype and hopes that within a couple years it will have the medical device on the market in Canada and northern Europe. One of the institutions that is helping Bird move toward the market is MassChallenge, a global accelerator that holds training sessions in such centres as Boston, Geneva, Tel Aviv and other places. It bills itself as “the most startup-friendly accelerator on the planet,” and has graduated more than 1,200 startups in seven years. It’s believed SM-Heart is the first Atlantic Canadian startup to enter the program, and Bird says his application came together quickly. “In March, I saw that the deadline for the MassChallenge applications was due the next day, so I put together an application as fast as I could,” said Bird in an interview from Switzerland last week. “I got an email saying I made it through the first round. I was at a conference in Tel Aviv, so we did the interview in Jerusalem.” The technology that won SM-Heart a place at Mass Challenge solves a problem that means a lot to Bird. He lost his grandfather to heart disease a few years ago. So when he entered the masters of technology, management and entrepreneurship program at University of New Brunswick, he made it his mission to design a product that would help people suffering from heart failure. Heart failure is a weakening of the heart that causes too little blood to be pumped through the body. One of the symptoms is a swelling around the ankle as the heart is not strong enough to pump blood out of the lower extremities. Sometimes, this goes unnoticed. Bird worked with a fellow student to design a light-weight, non-intrusive anklet that would alert people if there was swelling in the ankle. That would ensure early detection, which improves the chances of recovery. The anklet can be worn by people who have a history of heart problems or those in high-risk groups. As he went through MassChallenge, Bird’s mentors and the physicians he interviewed encouraged him to increase the functionality of the product so it can detect more than just heart failure. So the company is now enhancing the product so it can detect other diseases such as diabetes. Bird says the medical device community in Switzerland is second to none. He has planned to seek regulatory approval for the device, first in Canada and northern Europe. He said those would be the easiest jurisdictions to gain regulatory approval. The clinical work needed for regulators is probably a little ways off. “We’re still in the research and development phase and we’re doing our own internal testing right now,” said Bird. “We want everything to be optimal before anything is done in a clinical setting. We’re probably 18 months away from an actual clinical test.” SimplyCast Launches Version 9.0 Saeed El-Darahali SimplyCast , a Dartmouth-based leader in communication automation, is launching the ninth iteration of its multi-channel platform. The company said in a statement this iteration, dubbed 9.0, will update the existing new user interface on the platform’s applications, introduce new features, and provide an updated navigation bar. Other updates include enhanced 508 functionality and increased responsiveness to further the platform’s user-friendly tools. “I’ve been waiting all year to announce our 9.0 update to our customers and the world,” said President and CEO Saeed El-Darahali in the statement. “The updates we’ve made for 9.0 allow businesses of any size to increase engagement and build strong relationships with their clients. We’ve listened to customer feedback and incorporated new features to create a truly unique platform that puts user experience first.” Existing SimplyCast users have received a sneak peek at the 9.0 update through new features that were added to the system in anticipation of the launch, such as a new navigation bar that provides a better user experience by organizing the platform’s many tools. SimplyCast aims to launch the 9.0 iteration in the coming weeks. With clients in 175 countries, SimplyCast is a leading provider of interactive and multi-channel communication software for organizations around the world. The company has been growing steadily, with revenue growth of more than 30 percent in each of the last two years. In February, SimplyCast launched EmergHub – a military-grade platform that allows optimal communications between key personnel during an emergency. It adds nine new communications channels to the original SimplyCast suite of multi-channel communications applications to ensure emergency communication processes are safer and more efficient. 300 Attend Halifax Startup Celebration by Carol Moreira | Sep 13, 2017 | 2 The Maestro, John Hamblin. Would-be entrepreneurs should build their businesses around problems worth solving, a large audience was advised Tuesday night as they gathered in the Halifax Central Library to learn from the experiences of eight successful local entrepreneurs. The event, titled An Insider’s Look at Homegrown Startup Success, was hosted by John Hamblin, President of Startup Halifax. The audience of about 300 was told growth will be boosted by further developing the ecosystem. Upcoming initiatives include COVE (the Centre for Ocean Ventures and Entrepreneurship), and the new arm of the Creative Destruction Lab tech accelerator. Fundmetric’s Co-Founder Mark Hobbs, whose software company helps charities raise money, offered the advice about problems worth solving. He said charities struggle because 50 per cent of donors don’t donate to the same charity two years in a row. His theme was echoed by Gregg Curwin, Founder of TruLeaf Sustainable Agriculture , which designs and makes vertical indoor farms, in order to improve human health. TruLeaf is Curwin’s seventh startup. He established various healthcare-focused companies before founding TruLeaf in his mid-forties in Bible Hill, NS. “This is a great time to start a business to do good,” he said, alluding to investors’ growing interest in ventures that aim to address a social or environmental need. Travis McDonough, Founder and CEO of Kinduct Technologies , also stressed the importance of effort. McDonough, whose company has developed data analytics and AI software to enhance health and athletic performance, said technology is a tough space. “Burn the boats, be fully engaged in the process,” he said. “I’ve been second in sport, I’ve had mediocre businesses. I have full, unadulterated investment in my business now.” He said the founders and staff of a company need a shared vision. “We need to believe we are just as good as people in other regions,” added McDonough, who has spent the last 12 months in Silicon Valley. Chris Cowper-Smith, Co-Founder and CEO of Spring Loaded Technology , described the excitement of bootstrapping his company, which uses a liquid spring to store kinetic energy in a knee brace. The company’s initial prototype was disappointing and the spring had to be re-invented. Their first client was the Canadian military, but he said growth is never a straight line. “Don’t get hung up on one thing,” he advised. “Employees are the most important resource. You must invest in them if you want to be successful,” he added. Saeed El-Darahali, Founder and CEO of SimplyCast , also stressed the importance of people. SimplyCast has marketing systems that acquire and manage customers for businesses. The CEO advised listeners to find good partners and choose a chairman carefully. “Bill Ritchie Is the reason I’m successful,” he said of SimplyCast’s Chairman. Stephanie Holmes-Winton, CEO of The Money Finder , said she founded her company because she wanted financial advisers to offer clients financial advice, not advice on buying financial products. She raised $1 million in revenue before hitting problems. The Next Phase workshop run By Toon Nagtegaal and David Crow put her venture on track. “Successful startups have a lot of road rash…That’s how you get successful,” she said. The presenters expressed gratitude to the many individuals and groups who have supported them. George Palikaras, Founder and CEO of Metamaterial Technologies , a company which manipulates light, praised Canada and Nova Scotia. “I owe everything to this amazing country,” said the native of Greece. He said he received help because he asked for it and he advised listeners to do the same. He stressed the three Ts: team; technology and traction. Metamaterials has gained traction through working with its partner Airbus. “There will be a lot of problems along the way but it’s all in your hands,” he said. “You have to reinvent yourself. “We founded our team, our concept, our company more than ten times. We founded again and again until we made it happen.” Tim Gillis, CEO of healthcare tech company STI Technologies , spoke of the company’s exit. STI was purchased by American multinational QuintilesIMS. “Run your company as if you’re ready to sell tomorrow,” he said. “Have a Board of Directors and have audited financials.” He said STI received multiple bids, but made sure to secure a sale before interest waned. They closed the deal, said to be worth several hundred million dollars, in early February. Event host John Hamblin told the audience that there are so many successful local startups that a similar event will be held in the New Year. ACOA, Innovacorp Grant $2M to Volta by Peter Moreira | Sep 13, 2017 As it plots its expansion in downtown Halifax, Volta Labs has received $2 million in funding from the federal government and the province of Nova Scotia. The two governments announced Tuesday that the federal government’s Atlantic Canada Opportunities Agency will grant $1.5 million over three years to the Halifax startup house, while the provincial government will contribute $500,000 through Innovacorp. The funding comes as Volta prepares to triple its size, and thereby triple its capacity to house and mentor high-growth companies. The organization said in July it had signed a lease to take out 60,000 square feet of space in the Maritime Centre in Halifax. The startup house this winter will take over the ground, mezzanine and second floors of the 19-storey office tower on Barrington Street. "Expanding Volta's programming is an investment in entrepreneurship and in this province's future," said Nova Scotia Business Minister Geoff MacLellan in a statement. "This funding will help more technology entrepreneurs develop the skills they need to turn good business ideas into successful companies. Ultimately, that means more jobs and opportunity for young Nova Scotians." Volta Labs was established in 2013 by a group of emerging technology entrepreneurs and is now the cornerstone of Halifax's innovation district. Volta will use the new funding for educational programs, mentorship, community networking events and human resources. "This investment, and the support of our private-sector partners, will expand our programming significantly," said Jesse Rodgers, CEO of Volta Labs. "That's good news for entrepreneurs and it's good news for Halifax." By occupying a flagship location, including highly visible street-level space, Volta’s presence in the central business district will amplify the message of the importance of tech and innovation in the business community. "Volta is a key contributor to building a high-tech, startup community where founders come together, learn from each other, grow their companies and build global markets," said Halifax MP Andy Fillmore. "Volta's vision, engagement and results are well aligned with the Atlantic Growth Strategy goals of creating new jobs, developing a skilled workforce and injecting a new vibrancy into the region's economy." Pond Wins EY Achievement Award by Peter Moreira | Sep 13, 2017 Gerry Pond receiving his honorary doctorate from SMU Gerry Pond, the dean of the tech movement in Atlantic Canada, will receive the EY Entrepreneur Of The Year Atlantic Lifetime Achievement award next month. EY said in a statement Tuesday Pond would receive the award in recognition of his enduring contribution to Canadian business, philanthropic endeavours and outstanding leadership. “It’s because of people like Pond that we created the EY Entrepreneur Of The Year Lifetime Achievement award,” said Jim Lutes, EY’s Atlantic Canada Managing Partner. “His dedication to business and the community is a reflection of the values we should all strive to embrace. His devotion has had massive economic impacts and his caring nature is witnessed by countless humanitarian awards.” Most recently appointed a Member of the Order of Canada, Pond was previously named the 2011 Canadian Angel of the Year; received the Canadian Red Cross Humanitarian award for New Brunswick; and was twice named by the Learning Partnership as a Champion of Public Education. He has received the Order of New Brunswick; the Wolf Blass Lifetime Achievement Award; and was named the first-ever Business Development Bank of Canada Entrepreneurship Champion. Born in Québec and raised in New Brunswick, Pond earned a degree from the University of New Brunswick and has attended management programs at Harvard University, McGill University and the University of Waterloo. He has also received an Honorary Doctor of Letters from the University of New Brunswick and Honorary Doctor of Commerce from Saint Mary’s University. As the Chairman and Co-Founder of Mariner Partners Inc. , Pond has also co-founded a number of successful information and communications technology (ICT) businesses. He has become a cornerstone of entrepreneurial spirit through Propel ICT, the Pond-Deshpande Centre at the University of New Brunswick, and East Valley Ventures, all aimed at accelerating start-up companies. On the humanitarian side, Pond is a Director of the Upside Foundation and the Business Community Anti-Poverty Initiative (BCAPI) of Saint John. “Pond has relentlessly and consistently given back to the community in a variety of ways,” said Lutes. “Whether you look at the jobs he’s created or hours of volunteer time he spent giving back, Gerry has and continues to inspire others. He reflects the kind of mentorship that helps Canada’s businesses operate at the highest level.” EY will present the award to Pond at the Atlantic Entrepreneur Of The Year awards gala in Moncton, New Brunswick on 5 October 2017. Nielsen Takes on Sentrant Assets, Staff by Peter Moreira | Sep 12, 2017 Ali Ghorbani: The UNB Computer Science Dean was a Sentrant Co-Founder Sentrant Solutions , the Fredericton cybersecurity company that combats fraudulent online advertising, has quietly exited, with the media-rating giant Nielsen Holdings buying key assets and hiring its personnel. Sentrant has never announced the transaction, and two Sentrant co-founders did not respond to emails last week. But a spokesperson for Nielsen confirmed that the deal has taken place. It’s understood the deal closed in the first few months of this year. “Nielsen did not acquire Sentrant Security’s entire business but rather some selected technology assets and hired key talent,” said the spokesperson, who asked not to be named. Sentrant started in 2014 as a cybersecurity company that developed out of work carried out at University of New Brunswick . It evolved into a specialist in detecting and fighting fraudulent online advertising schemes that use sophisticated botnets. It helped corporate marketers control their advertising campaigns better without worrying about cyber-criminals influencing the messaging with hard-to-detect malware. The Sentrant technology is now owned by Nielsen, a British company that operates in more than 100 countries and employs 44,000 people worldwide. Its total revenues were US$6.2 billion in 2015. The company has also hired two of the Sentrant co-founders, according to their LinkedIn profiles — chief technical officer Ehsan Mokhtari and ad fraud detection specialist Hadi Shiravi. At least one Sentrant developer has also joined Nielsen. The Nielsen spokesperson declined to reveal any financial terms of the deal. But it appears to not have been a large amount as Nielsen is a publicly traded company and would have had to disclose a substantial transaction. The New Brunswick Innovation Foundation and Technology Venture Corporation (the Moncton investment fund run by tech veterans Jon Manship and Susan Hicks) each invested $250,000 in Sentrant in 2014.

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Expert Collections containing Sm-Heart

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Sm-Heart is included in 5 Expert Collections, including Wearable Computing.

W

Wearable Computing

378 items

Wearable computing is broadly defined as companies developing devices worn or placed on the body that are equipped with technology, which can range from wearable medical devices to AR/VR headsets to GPS pet collars.

H

Health Monitoring & Diagnostics

2,856 items

Companies developing or offering products that aid in the assessment, screening, diagnosis, or monitoring of a person's state of health/wellness. Excludes companies focused solely on fitness/sports performance

M

Medical Devices

7,884 items

Companies developing medical devices (per the IMDRF's definition of "medical device"). Includes software, lab-developed tests (LDTs), and combination products. *Columns updated as regularly as possible.

S

Smart Home & Consumer Electronics

1,085 items

This Collection includes companies developing smart home devices, wearables, home electronics, and other consumer electronics.

D

Digital Health

11,293 items

Technologies, platforms, and systems that engage consumers for lifestyle, wellness, or health-related purposes; capture, store, or transmit health data; and/or support life science and clinical operations. (DiME, DTA, HealthXL, & NODE.Health)

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