GAINESVILLE and BOCA RATON, Fla., July 27, 2016 -- The Florida Institute for the Commercialization of Public Research (the Institute) announced today that it has finalized a funding agreement with Mend VIP, an Orlando-based company with technology developed at the University of Central Florida. The Institute supports new company creation based on publicly-funded research, and bridges early funding gaps for companies spinning out of Florida-based universities and research institutions.
Patients are faced with many challenges when scheduling physician appointments, waiting to be examined, and receiving follow-up communication. Mend VIP provides proprietary triage, no-wait, and telemedicine technology that virtualizes a large percentage of care where an in-person exam is not needed, resulting in an improved patient and physician experience.
"We help providers create a modern healthcare experience for their patients while enhancing their bottom lines," said Matt McBride, Mend VIP's founder and Chief Executive Officer. "With intelligent scheduling, advanced telemedicine technology, and streamlined communications throughout the entire process, our approach will improve both patient and physician satisfaction."
"The Mend VIP platform is addressing a significant need in the healthcare system, and the Institute looks forward to the company's future growth and success," said Jackson Streeter, MD, Institute Chief Executive Officer.
About the Institute
Formed by the Florida Legislature in 2007, the Florida Institute for the Commercialization of Public Research is a non-profit organization that works collaboratively with the technology licensing and commercialization offices of Florida's state universities and private research institutions to leverage a $2B+ research base and form investable companies that create clean jobs in new industries that are driving the global economy. With funding from the State of Florida through the Department of Economic Opportunity, and through the generosity of mentors, advisors and donors, the Institute provides company building services, and seed funding through the Florida Technology Seed Capital Fund, to promising Florida startups. Fifty-three companies have been funded to date, and the Institute's economic impact through June 30, 2015 was $379 million, a return on investment of 14 times to the State of Florida.
About Mend VIP
Mend VIP is a versatile and leading team of PhD's, technologists, entrepreneurs, developers, and creative problem solvers who are passionate about delivering a better, happier healthcare experience. Mend helps private practices and health systems deploy successful telemedicine strategies that navigate the existing regulatory environments in each state.