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In the fall, we will be raising a seed round, expanding our service to reptiles and over 50 clinics, and developing a product for the cat/dog market. Q: What is the next big step for your company? Thus, our business plan has not changed drastically. Q: How has the pandemic impacted/shifted your business?įortunately, the animal clinics are an essential service and have remained open. Lastly, we have also had the opportunity to collaborate with a few of the best academic centers and organizations to develop our technology. We also currently have four clinics using our service, with over 50 clinics in our pipeline. Since graduating in May 2019 and moving to Berkeley, California, w e have been able to raise $750,000 in funds. Q: What successes have you had since winning? We have faced challenges in a ttracting investors, s elling to customers, conducting p roduct development, and e stablishing collaborations. Q: What challenges have you faced since winning? Every week we iterate on our product based on user feedback. Q: What were you able to put funding from the Inc.U C ompetition towards?Ī majority of the funding from Inc.U went toward experimenting and product development.

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It allowed us to continuously fund our R&D, software development, and travel during our time at Penn State and bring on a larger amount of funding. We would not be where we are today without Inc. Q: How did participating in the Inc.U C ompetition impact you and your company? What has changed significantly is the market we are focusing on, as we are focused on animal diagnostics now instead of human diagnostics. Our business model remains the same – we charge per a complete blood count done. Q: How has your business model shifted, if at all, since winning the Inc.U Co mpetition? We have launched at four clinics and we are bringing on new customers every month. Now, we are at the validation stage for our product. We were also known as HemoGO at the time. We were also focused on developing a smartphone complete blood count app for chemotherapy patients so they would not have to go to the lab. U C ompetition, and what stage is your company at now?ĭuring the Inc.U Competition, we were at a pre-product stage. Q: What stage was your company at when you participated in the Inc.

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This is the third in an article series which will explore where some of the winning teams are now, how the pandemic has impacted their businesses, and what the next big steps for their companies are.īusiness description: Moichor exists to improve and lengthen the lives of pets by applying deep learning to the diagnostics vets use daily. Those 10 startups have since grown, shifted, and encountered new challenges and successes. Since the Inc.U Competition officially launched in 2015, it has produced 10 winning teams and provided $120,000 in prize money. We would not be where we are today without Inc.U.

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