GlobalSTL, the international company recruitment initiative of BioSTL, recently held its Second-annual GlobalSTL Health Innovation Summit on June 27, 2018. We had the opportunity to accompany our client, AE Ventures, a leading sponsor of the event and potential investor. AE Ventures is the new corporate venture capital arm of American Enterprise Group, established in early 2018 with the help of Balanced Growth Consulting.

The highly curated event introduces transformational technologies to the St. Louis healthcare industry that can improve quality and access while lowering costs by solving challenges in patient care, health care delivery and hospital operations. After reviewing more than 600 digital health companies, 14 companies were invited to pitch their cutting-edge technologies to decision-makers from St. Louis area hospitals and corporations, as well as venture capitalists looking to invest in new companies.

“We specifically select companies that represent compelling, high-value technology for St. Louis’ health care systems and corporations, come with proven track records, and have the 1 CONTACT Maggie Crane 314.422.6783 mcrane@biostl.org ability to immediately enter the U.S market,” Donn Rubin, President and CEO of BioSTL, said. “This approach has led to a total of 15 international companies with a new St. Louis location.”

Some of the types of digital health technologies GlobalSTL is bringing to St. Louis hospitals and corporations include: telehealth technologies, remote monitoring of patients with chronic conditions, cybersecurity, big data solutions that include predictive and risk stratification technologies, as well as solutions for lowering operations costs, improving behavioral health, preventing physician burnout, and reducing hospital readmissions.

According to Vijay Chauhan, Project Lead for BioSTL, “The Summit was a large success. We plan to continue to assemble our health care innovation leaders group three to four times per year to advance initiatives of common interest across our region’s health care organizations.”

BioSTL is a unique public/private partnership between St. Louis’ premier academic institutes and key private sector leaders. BioSTL’s GlobalSTL initiative aims to build a direct link between St. Louis and other countries by recruiting international companies to establish a United States presence in St. Louis.

Founded in 2006 by Jason Bordui, Balanced Growth is a Chicago-based, innovation consultancy. Our mission is to create enduring value for our clients and their customers through strategic innovation and operational transformation. We focus on collaborating with clients in the Insurance, Financial Services, and Healthcare sectors to design, implement, and accelerate their Operational, Technology, and Innovation initiatives.