{"id":2134,"date":"2023-08-31T00:23:29","date_gmt":"2023-08-31T00:23:29","guid":{"rendered":"https:\/\/kleetos.com\/?p=2134"},"modified":"2025-05-20T13:08:44","modified_gmt":"2025-05-20T13:08:44","slug":"brightsquid-funded-to-solve-privacy-security-and-integration-challenges-for-health-technology-innovators","status":"publish","type":"post","link":"https:\/\/brightsquid.com\/us\/brightsquid-funded-to-solve-privacy-security-and-integration-challenges-for-health-technology-innovators\/","title":{"rendered":"Brightsquid funded to solve privacy, security, and integration challenges for health technology innovators."},"content":{"rendered":"\t\t
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On October 9, 2019,\u00a0the Opportunity Calgary Investment Fund (OCIF) announced funding for a new Health Technology Commercialization Hub (HaTCH)<\/strong>\u00a0with up to one million dollars to support private innovation in healthcare. We\u2019re proud to say that HaTCH will be powered and run by Brightsquid Secure Communications Corp.<\/p>

For over a\u00a0decade,\u00a0Brightsquid has proven its communication software and security protocols<\/strong>\u00a0can deliver much needed efficiencies to the healthcare system. Enhanced digital communication improves patient and provider experience while also enhancing health outcomes. HaTCH was born out of a need to accelerate innovation in healthcare and bring emerging health technology products to market much more quickly.<\/p>

The funding from OCIF was matched by private investors<\/strong>\u00a0from Calgary and beyond who recognize the need for health technology to innovate more quickly than the public sector can accomplish alone.<\/p>

Why HaTCH\u00a0is so important:<\/strong><\/h3>

In an article in Forbes magazine, Dave Chase explained, \u201cThe common view is that 98% of digital health start-ups are the walking dead right now\u2026 There is no lack of elegant-looking software\u2026 The most common failure scenario we see is a founding team that is made up of smart technologists who are blind to or dismissive of the idiosyncrasies of healthcare.\u201d<\/p>

In a market where 98% of newcomers fail\u00a0under\u00a0healthcare’s unique challenges (privacy regulations, patient consent, integrations into EMRs and EHRs, and extended procurement cycles), HaTCH will support the success of 20 new companies in the first 3 years. The program is designed to provide a foundation of compliance so that\u00a0innovations can qualify for use in healthcare much sooner and with less financial investment<\/strong>.<\/p>

Healthcare isn\u2019t market-driven.\u00a0Entrepreneurs and technologists tackling problems from outside the system (even those on the inside too) often lack the regulatory and specific technological expertise Brightsquid brings to the table.<\/strong>\u00a0Further, HaTCH is connected to advisors within the system, both providers and patients, that will help steer emerging health tech toward more complete prototypes and products that are most useful.<\/p>

The goal of the accelerator is to connect more\u00a0<\/strong>public and\u00a0<\/strong>private organizations to drive innovation in healthcare<\/strong>\u00a0so patients get better more quickly with less burden on the system and less demand for tax payer dollars.<\/p>

For more on this launch read the full press release here:https:\/\/www.globenewswire.com\/news-release\/2019\/10\/09\/1927397\/0\/en\/Opportunity-Calgary-Investment-Fund-supports-launch-of-health-technology-accelerator-HATCH-YYC.html<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

On October 9, 2019,\u00a0the Opportunity Calgary Investment Fund (OCIF) announced funding for a new Health Technology Commercialization Hub (HaTCH)\u00a0with up to one […]<\/p>\n","protected":false},"author":1,"featured_media":4361,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2134","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brightsquid-blog"],"yoast_head":"\nHaTCH to Accelerate Health Innovation | Brightsquid Blog<\/title>\n<meta name=\"description\" content=\"Brightsquid leads HaTCH with $1M in funding to help health tech startups overcome privacy, security, and integration barriers in healthcare.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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