MAGNET client receives grant to develop new system for healthcare patients and providers
Cleveland startup and MAGNET Incubator tenant iRxReminder has received a $125,000 grant from the North Coast Opportunity Technology Fund to move forward with an innovative product used in the healthcare industry.
The money will be used to enhance the existing iRxReminder System, which helps medical professionals manage aftercare through a cloud-based application that includes symptom monitoring, data capture, and patient education.
Funds will also go toward the iLidRx, a new automated dispensing and verification system that can help patients and care providers track and store their medication. The pods will also be utilized during a clinical trial at the University of Michigan Comprehensive Cancer Center this fall.
iRxReminder CEO Anthony Sterns, who founded the company in Akron in 2009, says much of his success is due in part to the assistance of MAGNET experts and consultants.
“Being a client in the MAGNET accelerator program has been essential to our progress,” Sterns said. “MAGNET staff have helped with coaching and strategy, and I know our Angel Investors were impressed with the MAGNET facilities when they visited as part of the due diligence process. Now MAGNET is helping us with MPaCT funding to complete the initial manufacturing of our medication management technology.”
The company plans to complete its first commercial sale and launch of the full iRxReminder platform later this year.
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