New England Innovation Center, LLC (NEIC) is a Delaware series limited liability company formed to advance a new business accelerator model focused on identifying or creating and assisting sustainable, high-growth technology companies in New Hampshire and throughout New England.
About the Center
A team of respected New England technology entrepreneurs, led by Mark Galvin, have launched a new startup business accelerator model - the New England Innovation Center. The Center’s mission is to create and/or drive the equity value of a highly competitive selection of early stage companies from throughout New England. Selected companies are generally expected to move into the NEIC facility and receive a combination of business resources and “hands-on involvement” by the Center’s seasoned startup executive staff.
Between May 1, 2013 and April 30, 2018, the NEIC expects to select, from a highly competitive group, approximately 15 seed stage technology companies and seek to “graduate” them normally within 24 months of entry with the intention that they can stay on their feet, will remain local, grow rapidly and eventually provide liquidity to the Center. Each selected company enters into separate agreements with the NEIC pursuant to which that company grants some "founder" equity to the NEIC for the services and facilities provided to it by the Center.
Companies who agree to move into the Center are eligible to use the seasoned NEIC startup staff to complete key assignments, leveraging the staff’s expertise in go-to-market strategy, market analysis, marketing communications, sales, channels, operations, finance and human resources at no additional cost, thereby seeking to limit burn rates. In addition, these companies share a high-energy environment and business resources such as office space, meeting areas, communications’ systems and operations management.
The 3,500 square foot facility, located at 99 Bow Street in downtown Portsmouth, New Hampshire is set up in an open collaborative environment with individual desks, lab space, break room, and conference areas. The facility can be the home to as many as six early stage companies at a time.
MMS Analytics, Inc. d/b/a MyMedicalShopper (MMS) is a big data analytics and SaaS startup poised to facilitate an imminent shift in the United States healthcare industry by empowering every healthcare consumer in the U.S. with the tools to exercise true consumerism. As the frustration levels of individuals and employers approach a tipping point, our society is in desperate need of solutions that eliminate complexity and decimate costs. MyMedicalShopper has built an innovative suite of tools to empower consumerism and streamline inefficiencies, putting $1 trillion in potential industry savings squarely within reach of consumers nationwide. From its gold standard-setting, flagship comparison-shopping applications covering over 9,000 procedures to its robust data insights engines, the company has created an entire ecosystem of technology whose gravity is pulling in some of the most influential and forward-thinking healthcare industry players.
In addition to the personal savings that each user can realize (even with the “freemium” version of our app), our business customers are purchasing our platform to take a proactive approach to reducing their health benefits costs. Businesses are benefiting from MyMedicalShopper in a number of important ways: providing the MMS app to their employees as a new benefit; finding actionable insights from our robust Employer Dashboard; creating consumerism when employees are spending employer dollars with MyMedicalRewards, an innovative reference pricing arrangement; reducing health insurance premiums as a direct result of reducing their total medical claims; and saving the time, money, and frustration associated with administering health savings accounts (HSAs), health reimbursement arrangements (HRAs), and flexible spending accounts (FSAs) through MyMedicalShopper’s Weathcare integration.
Professor Glen Miller founded the Vera Roasting Company, Inc. in September 2015 with the mission to roast and sell healthier coffee. The company has patents filed for its proprietary method to bring all the “heart healthy” aspects of drinking a glass of red wine to every cup of coffee. CoffVeeTM is made from delicately roasted, 100% Arabica beans infused with resveratrol, the all-natural antioxidant found in the skin of red grapes. Vera’s delicious brew is the only coffee roasted for heart health.
Resveratrol is structurally related to flavonoid antioxidants which are abundant in “the healthiest foods,” such as onions, parsley, blueberries, grapefruit, garbanzo beans, almonds, cabbage, turnip greens, quinoa, sweet potatoes, etc. Most importantly, resveratrol is safe. People have been consuming red wines, and resveratrol, for thousands of years. Vera’s process of infusing resveratrol into coffee beans during the roasting process brings meaningful health benefits without affecting the taste, color, or aroma of its premium coffee.
Vera Roasting Company announced the launch of CoffVee in December 2015, and within two weeks had seen stories of its industry-changing innovation broadcast across media outlets all over the world, including The New York Times, Huffington Post, Fox News, The Boston Globe, WMUR, WBZ, Brit.co, Eater.com, Spoon, The Seattle Times, The Sacramento Bee, The Washington Post, and hundreds of others. Vera had received orders to ship to consumers in all 50 states within the first week, and in the first month the company had already built relationships to supply CoffVee to a number of commercial customers, including major professional sports teams.
In May 2010, the FDA issued new guidelines for the approval of intravenous infusion pumps... and for good reason. The pumping mechanism in use in conventional pumps is decades old, in its design, and may not reliably detect conditions in which the patient is not getting the prescribed dosage. Product recalls and reports of performance failures are commonplace.
The Company targeted their design directly at the Safety Assurance Case analyses now required by the FDA and has developed Breeze™, a simple fluid flow control module that can be incorporated within finished medical products, such as intravenous infusion pumps, enteral feeding devices, and patient monitoring systems. These components can be readily incorporated into an overall safe and effective pump design. It operates using gentle pneumatics… just a breeze of air does all of the work.
Breeze is sold on an Original Equipment Manufacturing (OEM) basis to companies that market medical devices. Pneuma will not make or sell the finished medical devices and is not required to obtain any FDA approvals, although their customers will need to file their own regulatory submissions for products that use the Breeze platform. The company provides test data, reliability data, FMEA results, and other documentation to facilitate the approval process.
Breeze is sold on an Original Equipment Manufacturing (OEM) basis to companies that market medical devices. Leveraged Developments will not make or sell the finished medical devices and is not required to obtain ay FDA approvals, although their customers will need to file their own regulatory submissions for products that use the Breeze platform. The company provides test data, reliability data, FMEA results, and other documentation to facilitate the approval process.
More recently, the company has pivoted to pursue significant unmet needs in two related fields – PneumaPipetteTM in pipetting and ComfortCheckTM in Patient Controlled Analgesia (PCA) safety. The former has numerous biological and pharmacological research applications as well as other industrial applications. The latter monitors respiratory status and verifies that the patient is not overly sedated. It is a plug-in replacement for existing patient-demand cords, so legacy PCA infusion pumps can be upgraded with no changes in software or hardware.
Jeffrey Carlisle who was named “Disruptivator to Watch” in 2012 founded the company’s predecessor, Leveraged Developments, LLC, in 2011. Mr. Carlisle has a rich history of innovation in medical products throughout a career spanning over 40 years including management positions at HP Medical Products, DEKA Research and Fluidsense.
Bit Fry Game Studios
Bit Fry Game Studios is a video game development company that is creating a new category of AAA-quality sports titles, with original and memorable characters, that run across both mobile and console devices. The company has a unique vision, which includes a singular on-line hub that connects sports gamers across device platforms and innovative IP in the area of sports A.I. and controller input that radically improves the mobile gaming experience. The company is developing titles that are approachable for both male and female casual gamers while providing competitive depth that scales with the skill and interest of even the hard-core players.
The company was founded in the Spring of 2013 by Ben Freidlin, a former MSFT software engineer and inventor of innovative advancements in baseball A.I. and input controls for sports titles on mobile and next-gen console devices. He is a published author on advanced 3D gaming technology as well as a veteran engineer and architect of high performance trading systems for Wall Street banks and hedge funds. Ben has assembled a world class team of fourteen seasoned gaming and entertainment professionals and has already acquired developer and self-publishing licenses from Nintendo (Wii-U, 3DS), Sony (PlayStation 4/PlayStation Vita), and Microsoft (XBox One) as well as being approved for development and publishing on Apple AppStore, Google Play, and the Windows App Market.
The company is addressing an underserved worldwide market for sports video games of just under $10 billion per year.
SimpleCharters is the worldwide leader in online, on-demand air charters. The company’s mission is to revolutionize the state of air charter through virtual consolidation of fleet offerings with its proprietary, real-time, on-demand booking engine. SimpleCharters is dedicated to providing their clients with a world-class experience on exclusive charter flights and in-line with the company’s mission, does not engage in sales from secondary markets such as empty-legs, shuttle services, or per-seat membership programs.
The company was founded in early 2012 by technology entrepreneur, Charles Denault, and addresses an estimated U.S. addressable market of over $500 million in booking commissions. Early adopters have provided feedback that the company solves substantial issues for both operators and consumers of on-demand private jets. Many have described SinpleCharters as “the Orbitz of private jet travel”.
Unified Office, Inc. is a leading provider of SDN-based hybrid cloud managed Voice-over-IP (VoIP) and Unified Communications services to small and medium-sized businesses (SMBs). Unified Office’s Total Connect Now(SM) service architecture was purpose-built from the ground up to deliver the highest quality of experience and availability, leveraging the latest in extensible business VoIP communications technology and cloud-based infrastructure to enhance SMB workforce productivity. Their cloud-based intelligent network incorporates Unified Office’s unique adaptive Highest Quality Routing Protocol (HQRP™) for end-to-end service quality, and Business Continuity “shadowing” to ensure high availability operation over one or more redundant broadband links.
The Unified Office Visual Performance Suite™ and Internet of Things (IoT) platform provides a real-time view of changes in operational performance levels and actionable intelligence for SMBs, store managers and owners, enabling them to readily determine real-time business performance, take immediate actions, and apply continuous operational improvements. This results in higher customer satisfaction, increased customer retention, and increased revenues and profitability.
The company was founded in early 2011 by technology entrepreneur, Ray Pasquale, and a cadre of seasoned telecom veterans. Unified Office targets the 2.3 million U.S. SMBs with 5 to 499 employees, with an estimated addressable market of $25+ billion.
The NE-IC Team
Mark has played key roles in eight "Route 128” startups. Six of these companies, he founded and operated as CEO. They have run the gamut from fourth generation PBX, OEM ISDN subsystems, dial access routers, high density HFC/DOCSIS VOIP network switching equipment, and SMB IP-PBX with national phone services. (ZTEL, LAN-TEL, CCD, PRI, RAScom, Cedar Point Communications, Whaleback Systems). In 2010, he assembled a team and created the New Hampshire Innovation Commercialization Center, a technology accelerator in partnership with the University of New Hampshire. Mr. Galvin has raised roughly $125Min private equity and returned over $378M for a cash on cash and IRR of approximately 3X and 44% respectively. Mark serves on the boards of Unified Office, Inc. and Regaalo, Inc., the non-profit boards of NH Stay, Work, Play and Portsmouth Chamber of Commerce and the Advisory Boards of Great Bay Community College and the NH High Tech Council.
Matt acts as a software development resource creating and managing complex web-based e-commerce sites and back ends. When he is not actively designing, writing, or testing code for his own assignments, he is available to other Resident Companies to collaborate on the latest on-line and software strategies. Matt holds a BS and MS in Computer Science from the University of New Hampshire.
Christopher serves as a resource for developing and executing marketing plans and business strategies for Resident Companies. He takes creative and analytical approaches to problem-solving, with a successful track record through his experience as an executive at The Eastern Lumber Company, as well as a number of other business consulting relationships. Christopher graduated Summa Cum Laude from the University of New Hampshire with BS degrees in business and mathematics, plus an MEd in mathematics education.
Business Growth Director
An expert in rethinking business strategies and the creation of new markets, Kanti’s mission as Director of Business Growth at the NEIC is to build sales for its Resident Companies. Kanti brings to the NEIC leadership skills with cross-functional fluency - a potent blend of business, marketing, and sales savvy combined with a deep technology grasp across multiple industries. As CEO, President, and VP of Worldwide Sales at seven startups, Kanti has grown sales worldwide by accelerating innovation, harvesting the value chain across the ecosystem, and delivering transformative value to clients by introducing leading-edge products and services. Kanti's previous roles include CEO of ZWCAD USA (e-commerce software sales), COO of Blackstone Technology (cloud and SaaS), Principal at Boston Communications (Mgmt Consulting), President of Viewlogic Europe, VP of Worldwide Sales and a founder at Viewlogic Systems, IPO 1991 (CAE software). Kanti holds a Master’s degree in Electrical Engineering from North Dakota State University and a Bachelor’s degree in Electrical Engineering from University of Bombay.
Senior Business Analyst
Evan is a recent finance graduate of Dalhousie University in Halifax, Nova Scotia. Evan has completed his Chartered Financial Analyst (CFA) exams and brings advanced financial and analytical skills to NEIC.