Health startups see surge in interest amid coronavirus crisis

Startups, Health Companies, Small Business, Coronavirus, Covid-19, Health Care, Health Care Companies

Health startups see surge in interest amid coronavirus crisis @GlobeSmallBiz

Startups, Health Companies

2/17/2020

Health startups see surge in interest amid coronavirus crisis GlobeSmallBiz

Since the COVID-19 outbreak, direct-to-consumer sales have increased 24,000 per cent

. Simon Parker, professor of entrepreneurship at Ivey Business School in London, Ont., says small-business owners facing sudden increases in sales must assess whether demand is sustainable to determine how much to invest in expansion. “The difficulty is what to do when you’ve got the really lucrative opportunity and you need more supply badly,” Prof. Parker said. “You don’t want to build costly new production capabilities if that demand is only temporary.” O2 has scaled up rapidly to 11 full-time employees from eight working around the clock to fill orders. “We’ve never seen so many orders. It’s just been non-stop,” Mr. Whitby said. The virus can be transmitted from person to person through infected fluid droplets contacting the mouth, nose and eyes. Unlike surgical masks, the O2 Curve fits snugly with an air-tight seal, meaning it can help protect against droplets coming in contact with the mouth and nose. But O2 Canada is careful not to make promises. Story continues below advertisement “We’re making sure our customers understand that we don’t know everything about this virus and that we don’t guarantee that our product will prevent it,” Mr. Szasz said. Hygienic Echo Inc., a startup based out of the KITE Research Institute in Toronto, has also experienced a surge of interest for its hand hygiene technology since the virus emerged. KITE senior scientist Geoff Fernie has been concerned about hand hygiene for the past 20 years. A veteran of the SARS and H1N1 virus outbreaks, he said COVID-19 has sounded the alarm again on the consequences of poor hand-washing. Dr. Fernie developed The Buddy Badge, which prompts health-care workers to perform hand hygiene when entering or leaving a patient’s room. The aim is to prevent infections acquired in hospitals or other medical settings. Powered by artificial intelligence, the wearable smart badge gets a signal from an infrared zone marker indicating if health workers have washed their hands. If the signal indicates no, the badge will vibrate discreetly to prompt the health worker. Initial studies in the American Journal of Infection Control show the product has the capacity to double the amount of times that hospital workers perform hand hygiene. The Buddy Badge could also be implemented in more mainstream settings, such as schools or restaurants. Story continues below advertisement The Buddy Badge has yet to hit market, but since the COVID-19 outbreak, Dr. Fernie has seen growing interest from investors and potential clients. He said the coronavirus has helped people realize the economic cost of disease. “If you get one of those bugs that becomes an epidemic, then people won’t go to the movies, they won’t go to restaurants, they won’t travel, they won’t go to work,” Dr. Fernie said. “It’s a big deal.” Prof. Parker, at the University of Western Ontario’s Ivey, said it is too early to predict the long-term effects of the virus on consumer behaviour, but if it is like its predecessors, SARS and H1N1, the buzz will likely die down once the virus is contained. The O2 founders know that overwhelming demand for their products is unlikely to stick. Their priority now is to get masks to as many people as possible without overcommitting themselves. Mr. Whitby said he expects that wearing protective masks will become more popular in North America as a result of COVID-19, particularly in settings where air is recycled, including the subway or on airplanes. Despite the spike in sales, O2 Canada’s strategy has stayed consistent since its inception. “Our brand is to help people breathe clean air and we’ll continue to do that,” Mr. Whitby said. Related topics Read more: The Globe and Mail

France announces 1st death in Europe of virus patientFrance's health minister has announced the first coronavirus death in Europe. Me on the right Hopefully a cure soon❤️🇨🇦 Regular flu kills roughly 11 people per year in France.

Edmonton businesses seeing impact of China manufacturing disruptions from coronavirusSeveral Edmonton businesses are seeing holes in their inventory as a result of disruptions in manufacturing in China thanks to the new coronavirus. Umm. Your not getting anything for months. Maybe find a new supplier. Should have planned for this like a month and a half ago. Also sorry but your stupid inventory isnt more important than stopping the spread of a virus. Ffs. Should we now feel sorry for these great businesses who outsource our jobs so they could make more profits

Evening Update: Rail blockades and shutdowns continue; U.S. warns of end to intelligence sharing with Canada if Huawei 5G approvedAlso: Beijing imposes self-quarantine on those returning from holidays to prevent spread of coronavirus And where is our Govt Oh ya hiding most likely Why doesn't the leftist media ever show pictures of the white, privileged, hobby-protesters that are actually at this event? Afraid they might be some of your rich friend's kids? All Indigenous elected leaders affected by the pipeline support the pipeline. Some consider themselves so morally superior they think they can ignore the law and court orders. If they're allowed to get away with it other groups will do the same.

Woman arriving home from Shanghai is British Columbia’s fifth presumptive positive case of coronavirusInterior Health is now investigating her travel patterns and whether other passengers on her flight need to be contacted GlobeBC you can always count on the BC 'commie contingent' to put Canadians at risk...

U.S. to evacuate citizens from Japanese cruise ship quarantined over coronavirusAbout 380 Americans are aboard the Diamond Princess cruise ship, which has docked at Yokohama, a port city southwest of Tokyo. Is Fancy Socks still partying or does he still not know the situation in Canada? Another reason for stayathomevacations

Quebec couple on quarantined cruise ship in Japan test positive for coronavirusThe couple from Gatineau, Que., are currently waiting to be transported by ambulance to a military hospital where they will be kept in isolation until they no longer test positive for the virus lookner



Conrad Black on COVID-19: The world succumbed to a pandemic of hysteria, more than a virus

Trudeau tells U.S. it would be a 'mistake' to put troops at Canadian border

101-year-old Italian man released from hospital after recovering from coronavirus

PM Trudeau plans to keep working from home

Asylum-seekers turned back by Canada at its border will be shipped home, U.S. says

COVID-19 has now killed more people in Canada than SARS

Harry and Meghan have left Canada for Los Angeles, Britain’s Sun newspaper says

Write Comment

Thank you for your comment.
Please try again later.

Latest News

News

16 February 2020, Sunday News

Previous news

'Jagged Little Pill' crowd evacuated over substance believed to be pepper spray

Next news

U.S. weighs blocking GE engine sales for China’s new airplane, sources say
'They need to up their game': Scheer on fed response China donates thousands of medical masks, personal protective equipment to Canada Canadian lingerie brand raises $80,000 in three days to pay for PPE Those with COVID-19 symptoms will be barred from domestic flights, intercity trains: Trudeau China to donate medical supplies to Canada amid coronavirus pandemic, Embassy says Doctor loses job after criticizing a Washington state hospital's virus response COVID-19 pandemic helping bring nature back to beaches in Peru Quebec police set up checkpoints near U.S. border to inform snowbirds of COVID-19 rules U.S. FDA authorizes 15-minute coronavirus test Man who allegedly beat York cop with his own baton now charged with attempted murder Domestic air, rail travel barred for anyone showing COVID-19 symptoms: Trudeau Fears of domestic violence rise as millions confined over virus
Conrad Black on COVID-19: The world succumbed to a pandemic of hysteria, more than a virus Trudeau tells U.S. it would be a 'mistake' to put troops at Canadian border 101-year-old Italian man released from hospital after recovering from coronavirus PM Trudeau plans to keep working from home Asylum-seekers turned back by Canada at its border will be shipped home, U.S. says COVID-19 has now killed more people in Canada than SARS Harry and Meghan have left Canada for Los Angeles, Britain’s Sun newspaper says Ontario woman petitioning feds to help relatives stuck in India amid COVID-19 lockdown How Do You Grieve With Loved Ones When You Can't Attend A Funeral? Toronto hospital appeals for volunteers to sew surgical masks amid supply shortage Duke & Duchess Of Sussex Have Moved From Van. Island To L.A.: Report Abortion access will be maintained across Canada amid COVID-19 outbreak