May 9, 2022  -  News, Trend Watch, Uncategorized

Femtech Trendwatch: The Care Economy, European Femtech Startups & Systemic Racism in Medicine

Every Monday we share a quick “best of” from the week that was with our Inner Circle members. What’s trending in the Femtech Insider community and beyond? We’ve got you covered! In this week's brief we talk about The Care Economy plus...

  • Innovation Showcase: European Femtech Startups
  • Report: Systemic Racism in Medicine
  • And more!

Intro: The Care Economy

Last week Magnify Ventures, a new fund dedicated to the digitalization of the care economy announced the closing of its $52M Fund I. The firm will invest in early-stage technology companies that are revolutionizing the care economy in four growing categories:

➡️ Parenting and family life
➡️ The future of work
➡️ Household optimization
➡️ Aging and longevity

For those interested in learning more about the opportunities in the care economy we recommend the following reads for a start:

Aspen Institute: A Historic Moment for the Care Economy
Fortune: The 'care economy' is a $648 billion opportunity, Melinda French Gates' Pivotal Ventures found
Rock Health: An unprecedented market for aging in place

In summary: We've seen much happen in the menopause space over the past couple of months. It's time we look at aging more broadly, so combining investments in the care economy with a gender lens seems like a promising strategy.

Innovation Showcase: European Femtech Startups

After sharing a few of the startups that caught our eye at Women's Health Innovation Summit Europe last week we had some enquiries and wanted to share the full list of companies, who pitched as part of the conferences "Innovation Showcase" with you today! 

&SISTERS is a feminine care company that offers organic cotton period products.

Apricity is the world's first at-home fertility clinic, powered by tech and AI. Less stress and More success.

Bea Fertility is a monthly subscription program that provides users with at-home fertility treatment and ovulation tracking.

Callaly is a period care company that develops and manufactures innovative feminine care products.

Emjoy is a female-founded femtech startup helping you find sexual happiness & fulfilment through guided audios.

Gynica is a reearch and developemnt company specializing in therapeutic cannabis research in the field of women's health.

Juniver is an evidence-based program to curb binge-eating and bulimia.

LEVY Health is to provide a one-stop shop for women, men and couples who want to better understand their fertility.

MOMM Diagnostics specializes in the development of an in-vitro diagnostic test for the early diagnosis of preeclampsia.

My Moves Matter is empowering women with Parkinson's to live their best lives.

OCON Healthcare's mission is to introduce innovative, high-quality an intrauterine drug-delivery technology to improve women’s health and quality of life

The Lowdown is a contraception review platform and community.

WAWA Fertility is an evidence-based support platform dedicated to improve fertility treatment and advancing research through artificial intelligence

Daye creates category-defining period products and services that set a new standard for medical research and scientific innovation.

Long-Read: Systemic Racism in Medicine

Last week this long-read by STAT's Usha Lee-McFarling caught our eye. In it she asks: 20 years ago, a landmark report spotlighted systemic racism in medicine. Why has so little changed?
 

“Unequal Treatment” was the first major report to point to longstanding systemic racism — not poverty, lack of access to health care, or other social factors — as a major reason for the nation’s deeply entrenched health disparities. The authors, a blue-ribbon panel of the National Academies’ Institute of Medicine, hoped their work would kickstart a national discussion and lead to much-needed change.

At the time, the report sent shock waves through medicine. David R. Williams, a committee member and health equity scholar then at the University of Michigan, called the findings “a wake-up call for every healthcare professional.” There were front page headlines, pointed editorials, and several congressional hearings. “For us as people of color, we are just not going to be sick and tired anymore,” Donna Marie Christensen, a physician and congresswoman representing the U.S. Virgin Islands, said at an April 2002 hearing held a few weeks after the report’s release to push the Department of Health and Human Services to do a better job.

But today, the disparities — poorer outcomes and higher death rates for nearly every medical condition the panel examined — and the structural racism underlying them, remain. That grim truth has been made startlingly clear by both the pandemic and by statistics that show Black Americans continue to die up to five years earlier than those who are white.

Read now: https://www.statnews.com/2022/02/23/landmark-report-systemic-racism-medicine-so-little-has-changed/