Artificial Intelligence Co. Jvion Selected As Winner Of Mayo’s Think Big Challenge
The Mayo Clinic announced on Friday that artificial intelligence company Jvion was chosen by a panel of judges as the winner of its Think Big Challenge.
Johns Creek, Georgia-based Jvion was lead by Shantanu Nigam, a health care entrepreneur, for its pitch to commercialize Mayo’s Bedside Patient Rescue system. Nigam and his company beat out a pool of five finalists, two of which were from Minnesota.
By winning the national competition, Jvion will become an “entrepreneur in residence” at Mayo and implement its go-to-market strategy for the system, which uses machine-learning technology to calculate risk scores for hospitalized patients. With those risk scores, hospitals of any size can monitor a patient’s health and receive prompt alerts in instances when a patient’s health is deteriorating.
“We are excited to have Jvion lead our team,” Doug Wood, medical director of Mayo’s Center for Innovation, said in a statement. “New collaborations such as this one are essential to make change possible for the future of health and health care.”
Jvion’s was announced at Mayo’s Rochester headquarters during the Transform 2016 medical innovations conference. In addition to its right to license a piece of Mayo technology, Jvion received a $50,000 cash prize.