Catalyst Centre tenants onto something big!
Encouraging recent reports suggest that Catalyst Centre tenants Cynaptic and xim could be at the beginning of a very exciting journey indeed.
We read with excitement Robert Glatter’s article for Forbes entitled “Wearable Technology And Digital Healthcare Strategies Should Shift Focus To Chronic Medical Illness.” In it, he argues that the giant steps forward that we’ve taken into the world of wearable tech (which can monitor heart rates, calories and sleep patterns for example), are not currently being fully exploited for the good of society. Dr Glatter endorses the opinion that this kind of technology is currently more of a novelty embraced by the tech-savvy or fitness-focused few, as opposed to a solution that could be adopted to assist with global chronic health conditions.
Indeed, it seems that there’s a burgeoning interest in the field from many parties in the US. PricewaterhouseCoopers’ Health Research Institute published an in-depth report evaluating the state of wearable digital technology and Forbes forecased Health Tech as the most profitable market in the US for 2016.
It’s all good news for two of our current Catalyst Centre tenants who are both exploring opportunities in the field of digital health.
The xim team is developing technology designed to recognise early warning signs before they turn into critical health events, like a heart attack or a stroke, through the use of cameras with computer vision technology. The idea is to issue a preventative warning so that intervention can happen before a major health problem occurs. Founder Laurence Pearce believes that, once thoroughly tested, his company’s solution could scale globally with considerable social benefits through helping people to remain at home, out of residential care homes and hospitals.
Just down the corridor, the Cynaptic team is working to support stroke sufferers by encouraging them to take ownership of their rehabilitation. Using gaming technology, patients will be able to pass through game levels while being monitored and measured by health professionals. The technology recognises finger movements alongside hand and body movements, and hopes to support the increasing number of younger stroke sufferers for whom age-old rehab tools are no longer relevant or motivational.
In the context of a government drive towards people taking more responsibility for their own preventative health and rehabilitation in their home environments, there seems to be a willingness amongst healthcare providers to utilise digital solutions to enable this Stateside. Adopting digital healthcare solutions, they say, could deliver a double-whammy by not only enhancing the efficiency of the healthcare system, but also, critically, the quality of the care provision itself.
The question is: are we ready, willing and able to take the plunge here in the UK? Follow our future blogs to see how xim and Cynaptic set about taking their businesses forward in this exciting and cutting edge field.