Roux Institute at Northeastern University Future of Healthcare Founder Residency

Maine Venture Fund invests in the Roux Institute at Northeastern University’s Future of Healthcare Founder Residency

Maine Venture Fund is proud to announce an investment, alongside partners Northern Light Health and MaineHealth, in the Roux Institute at Northeastern University’s Future of Healthcare Founder Residency. This represents MVF’s first investment into another Fund (versus into companies), which allows MVF to indirectly fund 30 companies through a single investment. These companies will each be building their ventures in Maine during the 12 month program.

MVF’s support for the Roux Healthcare Residency companies extends beyond growth capital but also investment in the world-class programming and mentoring that the Roux Institute provides for the companies for the duration of their 12-month experience. Further, companies will have the opportunity to explore piloting their respective technologies within the Northern Light Health and/or MaineHealth systems, which represents a unique opportunity for the Maine healthcare landscape.

Maine Venture Fund will provide mentoring through its role as an Embedded Partner at the Roux Institute and will consider follow-on investment in companies that remain in Maine after the conclusion of the program. MVF is proud to welcome each of the nine companies in this year’s cohort listed below to the MVF portfolio and is excited to support this significant boost to Maine’s healthcare industry that will have ripple effects in the wider state economy for years to come.

• Althea (San Jose, California): developing an artificial intelligence virtual healthcare assistant that aims to ease staffing and burnout faced by healthcare providers

• Apriqot (Scarborough, Maine): creating a “community magnifying glass” that produces dynamic population health estimates to help highlight the factors behind inequities in health outcomes and, ultimately, inform policy

• Empallo (Boston): an MIT spinoff that is creating machine learning models that will ultimately produce more personalized treatment plans for patients with cardiovascular diseases and improve clinical trials

• EmTech Care Labs (Portland, Maine): developing a digital platform, Care-Wallet, to assist families in managing home-based long-term care

• Mother of Fact (Langdon, New Hampshire): a digital health platform provided to women’s health clinics that connect their patients with registered dieticians

• PragmaClin (St. John’s, Newfoundland and Labrador, Canada): a cloud-based patient monitoring and assessment tool to help neurologists assess the progression of Parkinson’s Disease in their patients

• Radiolife (Wilmington, Delaware): a startup developing a medical device called Cube Scan that can detect the presence of viruses, bacteria and even cancer cells in under 20 seconds

• Stratos Medical (Galway, Ireland): an early stage company that is working on its first product, TrackSmart, a device that aims to make vascular access easier and less damaging during hemodialysis sessions

• 119 (Ohio): a communication tool designed to guide bystanders through the appropriate response in emergency situations

To learn about the Roux Institute’s Future of Healthcare Founder Residency

To read Northeastern’s announcement about the program, visit

About Maine Venture Fund

Maine Venture Fund invests in dynamic businesses that have the highest potential for growth and impact in Maine. For more information, visit maineventurefund.com. 

Inquiries:
Terri Wark
Maine Venture Fund
(207) 305-0006
terri@maineventurefund.com