Five ventures innovating and promoting health chosen for RADIUS’ 2017 Slingshot Accelerator cohort
Ian Bryce, University Communications, 604.773.8134, email@example.com
Dunya Media, The Good Stuff, Nomad Nutrition, Opthalight, and Richer Health are five health-based ventures that, upon successful completion of the six-month Slingshot program and its investment readiness criteria, will receive an investment of $25,000 as part of the program.
The ventures—which range in scope from nutritious convenient meals and on-the-go shakes, to health education and communication in communities, to new diagnostic technology—were chosen for their focus on helping people live healthy lives.
“We specifically sought early-stage ventures with an emphasis on creating or incentivizing healthy choices and preventing chronic disease,” says Donovan Woollard, co-director of RADIUS SFU. “This cohort begins RADIUS’ two-year focus on health promotion that will build and test our methodology to understand, diagnose and act upon key societal challenges.”
The new Slingshot Accelerator Investment Pool makes RADIUS the only social accelerator in Canada to offer direct, redeemable equity investments to every venture that graduates from its program.
The investment pool will act as a new source of pre-seed capital for entrepreneurs, helping to kick-start their fundraising efforts while complementing the program’s capacity-building and network-development offerings.
The intense six-month cohort program develops ventures’ investment and market readiness, providing business and innovation acumen along with access to a strong network of mentors and peers. It also helps ventures develop financial, legal, and marketing and communication strategies. The cohort also benefits from an expanded pool of services providers, technology interns, and other experts.
WHY IT MATTERS:
According to the Public Health Agency of Canada:
Good health is a major resource for social, economic and personal development and an important dimension of quality of life. Healthy, productive citizens reduce the burden on the health care system and contribute to a strong economy.
In general, Canada is a healthy nation. Nevertheless, Canada continues to face significant public health challenges in preventing chronic diseases. Major chronic diseases, including cardiovascular diseases, cancer, chronic respiratory diseases and diabetes are the cause of 65% of all deaths in Canada each year and are the leading causes of death globally. In addition, depression and anxiety disorders are respectively, the second and eighth leading causes of years of life lost due to disability globally.
Dunya Media’s on- and offline healthcare communications work builds healthy families across generations in the Canadian South Asian community, improving quality of life, reducing stigma around healthcare, and re-connecting people to their cultures while helping reduce the burden of cost on both citizens and the health care system.
The Good Stuff makes "ready-to-blend" smoothies: sustainably grown, whole food ingredients pre-packed frozen into delicious smoothie recipes. Just add water, blend, and enjoy.
Nomad Nutrition Ltd., is a Vancouver based startup focusing on manufacturing healthy, organic nutritious meals for life on the go.
Ophthalight designs and manufactures portable smart ophthalmic diagnostic and monitoring equipment and software which provides a simple, digital alternative to conventional eye exams that are performed nearly 105 million times per year in the US.
Richer Health Consulting teaches individuals and groups that are diagnosed with chronic degenerative diseases (lifestyle diseases) how to prevent, stop the progression of and even reverse their illnesses by switching to an evidenced-based nutritional therapy that uses organic, non-processed, plant-rich, whole foods and a natural detoxification protocol.
RADIUS (RADical Ideas, Useful to Society) is a social innovation lab and venture incubator based at the Beedie School of Business, Simon Fraser University. A “place for radical doers”, we develop the emerging leaders and solutions needed for a sustainable, just and healthy economy.
ABOUT THE BEEDIE SCHOOL OF BUSINESS:
The Beedie School of Business ranks among the top ten business schools in Canada, offering internationally acclaimed research and teaching. With a focus on globalization, innovation, technology and sustainability, Beedie is in the one percent of business schools worldwide with both AACSB and EQUIS accreditation. Across its campuses in Vancouver, Burnaby and Surrey, the School’s undergraduate, graduate, and PhD programs demonstrate a spirit of innovation, flexibility, and relevance.
ABOUT SIMON FRASER UNIVERSITY:
As Canada's engaged university, SFU is defined by its dynamic integration of innovative education, cutting-edge research and far-reaching community engagement. SFU was founded more than 50 years ago with a mission to be a different kind of university—to bring an interdisciplinary approach to learning, embrace bold initiatives, and engage with communities near and far. Today, SFU is Canada’s leading comprehensive research university and is ranked one of the top universities in the world. With campuses in British Columbia’s three largest cities – Vancouver, Burnaby and Surrey – SFU has eight faculties, delivers almost 150 programs to over 35,000 students, and boasts more than 145,000 alumni in 130 countries around the world.
Simon Fraser University: Engaging Students. Engaging Research. Engaging Communities.