Miami startup Modern Trials wins IDEA Showcase for investment from Seedfunders
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Modern Trials, a Miami-based startup, pitched at this year’s IDEA Showcase held on Thursday, June 23rd at the Broward County Convention Center. The startup took home first place which included an investment opportunity with Seedfunders, a Florida-based investment firm.
The HIPAA-compliant platform, Modern Trials, leverages electronic medical record data from a broad network of healthcare organizations to match patients in need of advanced treatment options with appropriate clinical trial opportunities.
Chris Ochner of Modern Trials pitches next to ASL interpreter, Beth Wagmeister
IDEA Showcase is part of the #TECHSUPERSHOW at the ITEXPO which has been coming to South Florida for decades. South Florida Tech Hub has been partnering with the expo for three years now. The IDEA Showcase pitch contest has become one of the most popular and best-attended events at the ITEXPO. It features cool startup pitches and networking with open bar.
ITEXPO and the collocated events that comprise the #TECHSUPERSHOW all feature educational sessions presented by industry-leading experts. Attendees also gain valuable new insight from keynotes presented by thought-leaders from around the globe. The expo floor is filled with more than 200 companies demonstrating the latest innovations in a marketplace setting.
Startups that pitched included CERA, Envonics, flo-ops, Modern Trials, Nebulai, Unitii, and In My Team. Six of the seven startups to pitch were from South Florida and for the first time ever a prize package including an investment opportunity. Modern Trials took home the judges prize!
Christopher Ochner
“Despite 20 years of experience and many friends in the [healthcare and clinical trials] industry, I was not able to find an appropriate trial for my own mother,” said Dr. Christopher Ochner, Co-Founder of Modern Trials whose mother was diagnosed with a stage IV glioma. “I came to the startling realization that there exists no way for patients in need to gain access to appropriate clinical trial opportunities.”
Immediately after his mother’s passing, he circled back with his Co-Founder, Dr. Alex Logsdon and said; “you were right; this system is broken and we need to fix it”. After countless hours working through a modernized process flow with regulatory experts, legal counsel and consultants, Modern Trials was born.
The IDEA Showcase judges panel included Tahl Milburn, former tech executive and founder from Silicon Valley turned investor, Danielle Mousseau, Manager of 35 Mules, Florida Power & Light’s Company’s (FPL) innovation hub, Akshay Sharma, former Gartner Analyst having authored or co-authored over 280 research notes and current CTO at Kovair, Ariana Pareja, startup founder with three exits and current President and Co-founder at Pareja Family Foundation which provides tech bootcamp scholarships for women and minorities, and Dave Chitester, Founder of Florida Funders, Founder of Seedfunders, and named one of Florida Trend’s 500 Most Influential Business Leaders in the state.
Dave Chister announced the judges winner and awarded Modern Trials with a minimum of $5000 investment through his firm Seedfunders. He said that after due diligence the investment could be much more significant. South Florida Tech Hub also added a free Startup level membership for Modern Trails for one full year.
Seedfunders is investing in pre-revenue scalable technology throughout the state of Florida. Led by a group of leading visionaries, Seedfunders is paving the way for technology startups throughout the state with a presence in St. Petersburg, Orlando and Miami. Dave recently moved to Miami to be able to support startups across the entire South Florida region.
With a unique focus on pre-revenue stage concepts, Seedfunders brings a different approach with mentoring and guidance for developing an MVP and bringing your concept to market.
Seedfunders Founders and IDEA Showcase investor, David Chitester
“No question that cash is the lifeblood of every startup, particularly given the current economic environment,” said Modern Trials Co-Founder Dr. Ochner. “To us, however, an investment from SeedFunders means much more than that. Good mentorship is even more valuable than cash and the intellectual investment that Dave Chitester and his group make in the companies they chose to work with is the real prize.”
With approximately 200 people in attendance for the IDEA Showcase, there was an audience winner chosen as well. The audience used a real-time voting tool to choose their favorite pitch and the winner was CERA – Critical Emergency Response Applications.
Judge and investor, David Chister assured a handful of the startups that pitched that they were close behind, He urged each of them to apply for investment from Seedfunders as well.
Click here for more info on Seedfunders, Modern Trials, CERA and the ITEXPO.