CHICAGO – Venture philanthropy Three Lakes Partners has named the three winners of its $1 million IPF Catalyst Challenge.
The challenge calls for executable solutions to help patients manage Idiopathic Pulmonary Fibrosis.
Advanced Interactive Response Systems, Owlstone Medical and patientMpower each received $333,333 as winners, and Level Ex won the Audience Choice Award.
“By collaborating with brilliant minds and innovative thinkers across the globe, we knew we could attack IPF from all sides and truly make progress,” said Ken Bahk, managing director of Three Lakes Partners, in a statement.
Health technology provider Advanced Interactive Response Systems proposed high-quality, portable oxygen safety and monitoring products that improve IPF patient health and caregiver performance.
Owlstone Medical, a breath biopsy technology provider, proposed a system to capture breath samples and test for the presence of trace chemicals related to disease activity for the early detection of IPF.
patientMpower, a health care software provider, proposed a mobile platform that enables IPF patients to track their disease using integrated monitors, allowing them to better manage their treatment through new insights and connections with peers and caregivers.
Medical technology company Level Ex received $50,000 to educate the global physician community about IPF by using life-like, virtual patients in a mobile video game to improve clinical decision-making at the point of care.
Three Lakes Partners collaborated with MATTER, a health care technology incubator and innovation hub, on the IPF Catalyst Challenge.