H|T: The Healthtech Times – Fitbit’s financial rebound

The Healthtech Times is a weekly newsletter covering healthtech news from Canada and around the globe.

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BestLifeRewarded Innovations receives $100,000 from Women Entrepreneurship Fund(BETAKIT)

Personal wellness platform, BestLifeRewarded Innovations (BLRI), has received $100,000 from the federal government’s Women Entrepreneurship Fund, which the company said will help with its global expansion efforts.

Dell Technologies says it’s prepping customers for 5G and AI with new portfolio

Dell Technologies has unveiled a handful of new solutions aimed at equipping customers with the tech required to take advantage of “transformative” trends including 5G, artificial intelligence (AI), cloud, and security.

Flume Health is an insurance administrator cutting costs by pre-approving prices and paying on-demand(TECHCRUNCH)

Cedric Kovacs-Johnson launched Flume Health after watching his own family struggle with payments for his sister’s surgery.

Telemedicine startup CirrusMD raises $15 million to connect patients with doctors(VENTUREBEAT)

The company revealed that it’s raised $15 million in a series B funding round led by Drive Capital, with participation from Colorado Impact Fund and others, bringing its total venture capital raised to $26 million.

Nanotech company Nicoya receives $2.57 million FedDev Ontario investment(BETAKIT)

Waterloo-based nanotechnology company Nicoya is receiving a $2.57 million investment from FedDev Ontario, which the government said will help scale up Nicoya’s operations and accelerate its growth into new markets.

New health innovation unit to be set up in the UK, Joyance Partners expands to Europe, and more(MOBIHEALTHNEWS)

Also: Philips unveils new agreement with Chipmunk Health; Queen’s University Belfast spinout secures funding for new app; and EIT Health opens summer schools registration.

Early-stage US VC Joyance to scout for health and wellness startups in Europe(TECHCRUNCH)

The move could be seen as taking advantage of leaps in the capability of European startups, especially in the health and AI space.

Today in government funding: Rotoliptic, 7D Surgical, UWinnipeg, JCA Electronics(BETAKIT)

7D Surgical has received a $1.8 million investment from FedDev Ontario, to accelerate the commercialization of its machine vision surgical navigation technology, which can be used during spinal and cranial procedures.

Here’s a look at Mayo Clinic’s digital health accelerator program startup participants(BUSINESSINSIDER)

The accelerator aids early stage medical device and healthcare tech startups raring to polish their products and bring them to commercial success.

Fitbit beats Q1 revenue expectations as smartwatch growth continues(TECHCRUNCH)

Fitbit’s financial rebound continued in the first quarter, as the company generated $271.9 million in revenue, beating Wall Street expectations of $259.7 million.

FutureMakers Talks: Transforming Delivery with DevOps(BETAKIT)

On May 15th, FutureMakers tackles the latest developments in DevOps. Get in FREE with the code “BetaKitPROMO”.


3iOntario Digest presents a list of ongoing funding opportunities and other resources to accelerate health innovation.

CAN – Priority Health Innovation Challenge (read more)

CAN – Canadian Cancer Society Impact Grants (read more)

CAN – Active and Assisted Living Program (read more)

Image courtesy of Unsplash

Caitlin Hotchkiss

Caitlin Hotchkiss

Content coordinator, social media smartypants, wordsmith, Human Workflow™. Exists primarily on coffee, cat pictures, German dance metal, and pro wrestling. I will fight for your right to the Oxford comma.

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