iRxReminder recognized as an innovator by Cleveland's Tech Czar - News Details
iRxReminder in the News
iRxReminder recognized as an innovator by Cleveland's Tech Czar
CLEVELAND, Ohio - From where does innovation come?
Too many people in this region believe innovation comes from elsewhere, such as Silicon Valley, or Austin, or Boston or New York. But there is marvelous innovation around us. At times, it is invisible and lurking in some of the most unique places.
But take stock, Cleveland is home to great innovation. There is a promising mobile app created in one of the more surprising locations in Northeast Ohio. A local CEO is leading the national charge in the firmware industry and a local medical application is getting recognition from another Rust Belt city.
All of these companies are challenging the status quo with revolutionary innovation.
Cleveland to Buffalo. 43North recently announced 142 companies made the semifinal round of its annual pitch competition, and one of the semifinalists is from the Cleveland/Akron area.
iRx Reminder is a mobile application that captures key data for clinical trials. CEO of iRx Reminder Dr. Anthony Sterns was proud of the company's selection by 43North.
"Winning would give us the funds to grow forward, create our sales team and hire internal programmers. It's fuel. A big tank of gas," he said.
iRx Reminder has been successful in raising capital. In early 2014, the company announced a $250,000 investment from a Washington, D.C., angel group. An additional $100,000 was raised from the Innovation Fund based at Glide and an initial $5,000 was won at the TIE Ohio Business Plan Competition.
Winner of the 43North contest receives $1 million while other companies are eligible to receive $500,000 to $600,000 in start-up investments. Winners will be announced on Oct. 27, 2016.