Jumpstart Success Stories: Seth Freedman, CEO & Founder of Intelligent Observation

Mar 15, 2020

Thinking about applying for funding with Jumpstart? Let one of our Founders tell you everything you need to know.

In this webinar, Eller Mallchok, Jumpstart Foundry Managing Director, sits down with Seth Freedman, Founder & CEO of Intelligent Observation, to discuss his experience applying for funding with Jumpstart, getting accepted and ultimately joining the 2019 JSF portfolio cohort.

About Intelligent Observation

 

Intelligent Observation reduces healthcare acquired infections using an automated tracking system that improves hand hygiene compliance up to 90%, making hospitals safer for patients, staff and visitors.

Healthcare acquired infections are a devastating and costly problem—especially in times like these when COVID-19 is spreading like wildfire. 1 in 20 patients admitted to a US hospital will acquire some sort of infection during their stay, resulting in over 99,000 deaths per year and an estimated $30B in costs. According to the World Health Organization, up to 50% of these infections are completely preventable.

The number one way to prevent healthcare acquired infections is to increase workers’ hand hygiene compliance. The current national compliance average among healthcare workers is below 50%, due to the current monitoring techniques being inaccurate, labor intensive and ineffective. Intelligent Observation provides an automated hand hygiene tracking system that improves compliance and reduces the risk of infection using a fully-integrated personal smart badge and location-aware reader equipped with Near Field Magnetic Induction (NFMI) technology.

In the Webinar

During the webinar, Seth recounts his experience with the JSF application process and the role that Jumpstart played in Intelligent Observation becoming a successful operation.

Here’s what to expect:

  • A brief recount of Seth’s background and his experience starting a company

  • Factors that attracted him to apply for funding with Jumpstart 

  • Common hesitations that many founders experience before applying and how the JSF team quickly alleviated those concerns through open communication and transparency

  • How JSF helped Intelligent Observation grow as a business and further develop Seth’s leadership skills

  • Genuine advice to early-stage health startup founders who are considering applying for investment

Each year, Jumpstart aims to find 15-20 early-stage startup founders and help them cut down on trial and error. We accomplish this by making a capital investment of $150K and providing strategic support and mentorship through the Jumpstart Refinery and Connect Programs. If you’re ready to ‘jumpstart’ your health innovation company, fill out the application to be considered.

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