• Opinion
  • Interviews
  • Health IT
    • EMR/EHR
    • Meaningful Use
    • Patient Engagement
    • Population Health Management
  • Digital Health
    • Mobility
    • Telehealth
    • Wearables
  • Startups
  • Policy
    • ACO
    • Healthcare Reform
    • Patient Centered Medical Home

Scanadu Scout, Medical Tricorder Shatters Indiegogo’s Crowdfunding Record

by Fred Pennic 07/12/2013 5 Comments

Share with your friends










Submit

Scanadu announced on Twitter today that their device, Scanadu Scout, the first medical tricorder has become the most funded Indiegogo campaign with over $1.3 million in funding. Backing so far comes from more than 7,000 funders in 91 countries, including Eugene “Rod” Roddenberry, son of Star Trek creator Gene Roddenberry and Apple Co-Founder Steve Wozniak. To date, the campaign has raised over $1,378,545 with only 8 days left in their campaign.

Scanadu Scout, Medical Tricorder Becomes Most Funded Indiegogo Campaign Ever
Similar to something seen in Star Trek, Scout is a handheld, disc-shaped sensor that when placed against the forehead for 10 seconds allows you to analyze, track and trend your vital signs, including temperature, blood oxygenation, heart rate, respiratory rate and blood pressure data to an integrated smartphone. The device yields a 99% accuracy rate.

Scanadu Scout, Medical Tricorder Becomes Most Funded Indiegogo Campaign Ever

The startup based at the NASA Ames Research Center, has been working on a non-invasive tricorder for over two years. Scanadu is utilizing the crowdfunding campaign as an opportunity collect the data needed to file their application to the FDA for market approval as an over the counter consumer-grade diagnostic tool. In addition to their campaign, Scanadu is a contender for the X Prize Foundation’s medical tricorder contest that offers $10 million to the first party that develops a clone of the Star Trek device that’s capable of capturing health metrics and diagnosing 15 different diseases.

More Healthcare Startups Embracing Crowdfunding

According to Rock Health’s Midyear Digital Health Funding report, the dearth of seed funding has turned early stage health entrepreneurs to crowdfunding platforms such as Indiegogo, MedStartr, HealthFundr, Health Tech Hatch and others as a viable source of raising capital. Findings also show personal health tracking hardware devices have proven to be the most fundable crowdfunding campaigns in comparison to healthcare software/services. Despite these challenges for non hardware startups, there are many advantages to consider crowdfunding in the development of your startup.

Related: 8 Reasons Why Every Health Tech Startup Should Use Crowdfunding

Indiegogo’s Growing Healthcare Dominance

Indiegogo has seen a 2779% increase in health campaigns from Q1 2011-Q2 2013 proven itself to be the premiere platform for healthcare entrepreneurs. The average healthcare campaign on Indiegogo raised $126k. Also, healthcare specific crowdfunding platforms such as Health Tech Hatch and MedStartr have both recently partnered with Indiegogo.

The success of Scanadu’s successful crowdfunding campaign show promise for other early stage healthcare startups to utilize crowdfunding as a valuable option for seed funding.

Visit Scanadu’s campaign for more information.

 

Related: 4 Key Strategies To A Successful Healthcare Crowdfunding Campaign

Tagged With: Healthcare Crowdfunding, healthcare innovation, Indiegogo

Share with your friends










Submit

Get in-depth healthcare technology analysis and commentary delivered straight to your email weekly

« MedSnap Launches Medical App to Improve Medication Safety for Patients
Big Data in Healthcare’s True Promise: Better Individualized Care »

Subscribe to HIT Consultant

Latest insightful articles delivered straight to your inbox weekly.

Submit a Tip or Pitch

Recent Articles

  • Spok and Bernoulli Health Partner to Boost Clinical Alarm Management

    Spok and Bernoulli Health Partner to Boost Clinical Alarm Management

    S... more
  • Beacon Health R1 RCM

    Beacon Health Expands Revenue Cycle Services with R1 RCM

    B... more
  • EHR Optimization EHRs Meaningful Use Stage 3_Ambulatory EHR_Specialty-Driven EHRs

    62% of Hospitals are Not Using Patient Information Outside Their EHRs

    A... more

Most Read

  • Business Models In Healthcare 12 Defining Healthcare Trends to Watch in 2018
  • Healthcare Breach Report 2016 6 Ways Health Informatics Is Transforming Health Care
  • Blockchain in Healthcare_Next Stop for Data-driven Healthcare: Blockchain 5 Benefits Of Using Blockchain Technology in Healthcare
  • Internet of Things: The Digital Future of Value-based Care 6 Reasons Why Healthcare Needs The Internet of Things (IoT)
  • Geographic Information Systems in Healthcare 5 Benefits of Geographic Information Systems in Healthcare
  • Applying Automation to Healthcare_Is the Phrase Patient Engagement Overused 6 Big Benefits of Applying Automation to Healthcare
  • Job Titles for Healthcare Executives The Top 9 Most In-Demand Medical Jobs
  • 5 Digital Health Innovation Trends That Will Matter in 2018 5 Digital Health Innovation Trends That Will Matter in 2018
  • Biomedical Engineering Trends to Watch 5 Emerging Biomedical Engineering Trends to Watch
  • Canada ICD-10 Transition 20 Promising Canadian Digital Health Companies to Watch

Company

  • About Us
  • Advertise with Us
  • 2018 Editorial Calendar
  • Media Kit
  • Contributor Network
  • Contact
  • Subscribe

Editorial Coverage

  • Health IT
  • Policy
  • mHealth
  • Digital Health
  • Startups
  • Infographics

Connect

Subscribe to HIT Consultant Media

Latest insightful articles delivered straight to your inbox weekly

Copyright © 2018. HIT Consultant Media. All Rights Reserved. Privacy Policy |