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Health 2.0 Asia showcases five most prominent healthcare startups from Japan

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See the original story in Japanese. Health2.0, started in California in 2007, is the global conference introducing the latest technologies and advanced solutions in the medical and health sector. The conference was held in Japan for the first time over a two-day period of November 4 and 5. Five prominent startups from Japan challenging the sector each with own style entered the Afternoon Pitch Competition posited on Day 1. The judges for the competition were: Akira Kurabayashi, Managing Director, Draper Nexus Ventures Yasutaka Sakon, Executive Director, Strategic Planning and Business Operations, Docomo Healthcare Shumpei Fukui, Principal, Archetype Satoshi Fukushima, Senior Associate, Globis Capital Partners Symax (competition winner) Symax analyzes urine by attaching it inside a toilet for analyzing health conditions. It enables early detection of lifestyle diseases such as diabetes and gout with 99% accuracy leveraging the original algorithm. Some similar existing services cost no less than tens of millions yen (or tens of thousand US dollars). Compared to these, Symax is superior in the number of diseases it can detect and continous use at low cost. The company claims that this solution can discover 86% out of all different types of lifestyle diseases. An individual user can also use…

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See the original story in Japanese.

Health2.0, started in California in 2007, is the global conference introducing the latest technologies and advanced solutions in the medical and health sector. The conference was held in Japan for the first time over a two-day period of November 4 and 5.

Five prominent startups from Japan challenging the sector each with own style entered the Afternoon Pitch Competition posited on Day 1.

The judges for the competition were:

  • Akira Kurabayashi, Managing Director, Draper Nexus Ventures
  • Yasutaka Sakon, Executive Director, Strategic Planning and Business Operations, Docomo Healthcare
  • Shumpei Fukui, Principal, Archetype
  • Satoshi Fukushima, Senior Associate, Globis Capital Partners

Symax (competition winner)

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Symax analyzes urine by attaching it inside a toilet for analyzing health conditions. It enables early detection of lifestyle diseases such as diabetes and gout with 99% accuracy leveraging the original algorithm.

Some similar existing services cost no less than tens of millions yen (or tens of thousand US dollars). Compared to these, Symax is superior in the number of diseases it can detect and continous use at low cost. The company claims that this solution can discover 86% out of all different types of lifestyle diseases.

An individual user can also use it for 980 yen (about $8) a month while companies can use it for their employees’ health and adjustment of medical expenses by installing it it a building or facilities. Some high-class nursing homes and condo developers have shown interest in it because they can reduce an initial investment to about one-tenth that for conventional similar solutions which usually costs more than hundreds of thousand US dollars. Using the vital data collected, offers of data marketing business to health insuarance societies and companies are planned.

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Clintal

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Over a million “hospital refugees” are being found in Japan; many patients feel anxious and dissatisfied about doctors’ explanations and treatment plans. Clintal is an online platform where doctors with optimal skills can be searched for such patients in accordance with their diseases and symptoms. They can see the list of skilled doctors just by selecting diseases and treatment departments.

Its characteristic is that it is searchable not by hospital units but doctors, using both qualitative and quantitative data for selecting skilled doctors and evaluating accessibility to such doctors. Regarding the recommendation service, it provides a skilled doctor’s details in about a week’s time after inputting information from the web form. It deals with subjects such as increases in medical expenses and medical quality improvement, as these are becoming social problems in Japan.

Though a question considering resistance to doctors’ achievement disclosure was tossed by the judges, high evaluation has been given by doctors with positive and cooperative attitude can be seen for improvement of information accuracy instead. There are 500 skilled doctors listed on Clintal at this point and they aim to list the top 3 to 4% out of 250,000 doctors throughout Japan within a year.

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Handiii

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Exiii explores a new form of myoelectric hand called Handiii using the 3D printing technique and the release of open source. Myoelectric arms are for people without hands for control with remaining muscles intuitively. As there has been no change in the function over a half century this kept the market small at several thousand people. Thus, customization needs for the size and shape of persons wearing an artificial hand have been hurdles.

For these reasons, an artificial hand so far costs about 1.5 million ($12,000) yen each. The diffusion of artificial hands stays at 0.7% because of the high cost. Handiii is an attempt which turns artificial hands into easier choice with its cost and design. It costs about 30,000 yen ($250) to make each artificial hand. The world where people can express handicaps as their personalities instead of hiding them is coming. Communities around the artificial hands have been formed and various customizations are put into practice all around the world.

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HealthServer

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The Dricos team has developed HealthServer which prepares supplement drinks to safekeep good health. HealthServer is the extremely easy solution for modern people to maintain good health.

Coordinating with various wearable devices, it analyzes the supplements which are necessary for user body. Then, the server prepares drinks according to the contents. The server also reads biomedical signals and produces an energy drink which fits each person who touches the machine itself when wearables are not in use.

38% of Japanese take some kinds of supplements today and its market amounts 1.5 trillion yen (about $124 billion) in scale. As the first stage, they have already started action to establish a sports gym next spring targeting people who go to the gym with high health awareness. And continuous sales are expected since the supplements of HealthServer are replenished by exchanging cartridges.

Cocololo

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There are people who have mental problems in over 70% of the offices in Japan. Cocololo can visualize a mind condition not using wearables but with only smartphone which is familiar to us. It reads stress and relax numerical values with finger placement on the smartphone camera. The result is expressed as eight feeling types and the reliability of measurement accuracy is about 80%. Since its launch seven months ago, the app has acquired over 300,000 downloads to date.

After measuring the stress level, there is also a function which recommends music and spa coupons according to the stress condition. And as a stress check is going to be mandatory for enterprises from this December, the Cocololo team will also be providing solutions for corporations.


As you can see the five companies which made pitches this time provide a variety of medical or healthcare forms, approaches and targets. As technologies and devices develop in the future, data will be collected no matter what. The point is how to use them for solutions to solve people’s problems. Healthcare services are increasingly attracting interest; those within and outside Japan should be scrutinized from now on.

Translated by Azusa Murano via Mother First
Edited by “Tex” Pomeroy and Masaru Ikeda

Japan’s preventive healthcare startup Symax secures funding from Draper Nexus, others

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See the original story in Japanese. There was a healthcare startup-focused showcasing event called Health2.0 Asia in Tokyo in November, where we saw various services born out of Japan in the healthcare sector drawing much attention globally. A Japanese startup called Symax won the startup pitch competition in the event. This company announced today that it has secured funding from Draper Nexus Venture Partners, iSG Investment Works and several angel investors in a series A round. Financial details of the investment were not disclosed. Since its launch back in June of 2014, Symax has been developing a sensor device that can be attached to Western-style toilets, telling users their health condition by analyzing their urine on a daily basis for a monthly charge of about $10. Based on a unique analysis algorithm, their technology detects lifestyle diseases such as gout and diabetes with 99% accuracy. Users can check out their analyzed result using the Symax mobile app. Regardless of whether users have no subjective symptoms, Symax claimed that this solution can discover 86% out of all different types of lifestyle diseases. They say that user companies or other facilities installing many units in their venue can reduce an initial investment…

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See the original story in Japanese.

There was a healthcare startup-focused showcasing event called Health2.0 Asia in Tokyo in November, where we saw various services born out of Japan in the healthcare sector drawing much attention globally. A Japanese startup called Symax won the startup pitch competition in the event.

This company announced today that it has secured funding from Draper Nexus Venture Partners, iSG Investment Works and several angel investors in a series A round. Financial details of the investment were not disclosed.

Since its launch back in June of 2014, Symax has been developing a sensor device that can be attached to Western-style toilets, telling users their health condition by analyzing their urine on a daily basis for a monthly charge of about $10. Based on a unique analysis algorithm, their technology detects lifestyle diseases such as gout and diabetes with 99% accuracy. Users can check out their analyzed result using the Symax mobile app.

Regardless of whether users have no subjective symptoms, Symax claimed that this solution can discover 86% out of all different types of lifestyle diseases. They say that user companies or other facilities installing many units in their venue can reduce an initial investment to about one-tenth that for conventional similar solutions which usually costs more than hundreds of thousand US dollars. Leveraging acquired data, they are considering the launch of data marketing business targeting health insurance societies and companies.

We look forward to the launch of the Simax solution which aims to watch over people’s health condition without forcing them to add a new habit to their daily lives.

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Symax founder and CEO Maria Tsuruoka delivered a pitch at the Myojo Waraku event in November.

Translated by Masaru Ikeda
Edited by “Tex” Pomeroy

Myojo Waraku: Japan’s rendition of SXSW begins in Fukuoka with showcasing prominent startups

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Myojo Waraku is an annual festival taking place in Japan’s western city of Fukuoka with a flavor of America’s South by South West (SXSW) festival, showcasing prominent startups, digital media and music performers from the land of the rising sun. The first edition took place in 2011, followed by holding of the festival’s global versions in Taipei and London. This year’s event was kicked off with a pitch session today where five Japanese startups delivered a pitch to a crowd from the local startup community and investors from outside Japan. Here’s a quick rundown of startups showcased at the event: Capitalico by Alpaca Alpaca has developed a forex trading platform using the deep learning technology called Capitalico. Based upon image recognition deep learning technology, the Capitalico platform allows users to easily find a forex chart from an archive since 2001 as well as a live forex chart which is similar to what you have on hand so that users don’t need to acquire programming skills to backtest their trading strategies. See also: Japan’s deep learning startup Alpaca raises $1M to launch AI-based forex trading platform UnlimitedHand by H2L H2L has a haptic game controller called UnlimitedHand. With a bandage-like device having motion sensor…

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Myojo Waraku is an annual festival taking place in Japan’s western city of Fukuoka with a flavor of America’s South by South West (SXSW) festival, showcasing prominent startups, digital media and music performers from the land of the rising sun. The first edition took place in 2011, followed by holding of the festival’s global versions in Taipei and London.

This year’s event was kicked off with a pitch session today where five Japanese startups delivered a pitch to a crowd from the local startup community and investors from outside Japan.

Here’s a quick rundown of startups showcased at the event:

Capitalico by Alpaca

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Alpaca has developed a forex trading platform using the deep learning technology called Capitalico. Based upon image recognition deep learning technology, the Capitalico platform allows users to easily find a forex chart from an archive since 2001 as well as a live forex chart which is similar to what you have on hand so that users don’t need to acquire programming skills to backtest their trading strategies.

See also:

UnlimitedHand by H2L

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H2L has a haptic game controller called UnlimitedHand. With a bandage-like device having motion sensor and muscle displacement sensor around the arm, it allows users to input their hand motions into a game. The device has a functional electrical stimulator that gives users a virtual touch, allowing users to “feel” the impact or the touch of a character in a game.

See also:

Symax

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Symax is a sensor device that can be attached to western-style toilets, telling users their health condition by analyzing their urine on a daily basis for a monthly charge of about $10. Based on a unique analysis algorithm, their technology detects lifestyle diseases such as gout and diabetes with 99% accuracy.

The team won at a startup competition at Health 2.0 Asia in Tokyo earlier this month, looking to acquire companies which want to optimize medical cost for their employees as well as nursing homes and condo developers which serve elderly people in particular.

Skydisc

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Skydisc has developed a variety of sensor devices and the cloud for storing, then analyzing data from these devices. Their device typically can detect temperature, humidity, three-axis acceleration, carbon dioxide concentration, and PM2.5 (particulate matter 2.5) concentration so that it can be applied to environment managing businesses, logistics and distribution, agriculture, and other business sectors. The company is expecting to secure funds worth 110 to 150 million yen (about $897,000 to $1.22 million) by the end of this November.

Soracom

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Soracom is a mobile virtual network operator (MVNO) focused on distributing SIM cards, allowing IoT developers to distribute SIM cards for 3G or 4G (LTE) cellular data connectivity under their brand to customers. In this way, it aims to help IoT developers shift their business model from from hardware sales to recurring subscription-based charging.

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Following the showcase on the stage, four venture capitalists from different markets discussed what they expect from the Japanese startup scene. Participating investors are:

  • Chee-Kong Choun, Pavilion Capital, the north Asia-focused investment initiative by Singapore’s state-run Temasek Holdings
  • Steve Jang, San Francisco-based angel investor
  • Tina Cheng, Partner and Chief Representative of Taiwan, Cherubic Ventures
  • Keith Nilsson, co-founder and Managing Partner Visionnaire Ventures

This panel was moderated by James Riney, the new head of 500 Startups Japan, the regional microfund by US-based startup-focused investment fund 500 Startups.

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Keith Nilsson

Keith explained that many investors in the US are looking at the Japanese market, exploring investment opportunities especially in key categories like hardware development, one of the strengths in the Japanese startup scene.

Tina pointed out that Japanese angel investors are looking for opportunities outside Japan, encouraging more entrepreneurs to gain a mindset of risk-taking.

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Chee-Kong Choun

Chee-Kong says, one of the key values in transitioning trends in the region is that more investors have begun investing in startups because of their company or product quality rather than the conventional criteria of their founder background or experience in business.

Steve says that many Japanese companies have turned to Silicon Valley and spend a week or more there to meet up with local entrepreneurs, which is very useful for both sides in understanding each others. In addition, he also pointed out that more startups from Japan and Korea are starting by forming a multilingual team, developing products targeting the global market from the beginning, in contrast with conventional startups starting the global expansion after stabilizing the sales in their home turf market.

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Steve Jang

Edited by “Tex” Pomeroy