ST. PAUL, Minn.--(BUSINESS WIRE)--Securian Financial Group has awarded $10,000 to Dose Health, a Minnesota-based medication dispenser startup, as the 2017 winner of a Securian-sponsored award for innovation shaping the future of financial services or life insurance through technology. Securian launched the award in 2016 as part of MN Cup, an annual statewide startup competition organized by the Carlson School of Management at the University of Minnesota.
Founded by two University of Minnesota Medical School students and one of the student’s lifelong friends, Dose Health’s mission is to ease the burden of medication adherence for patients, families and caregivers through a “smart pill box” that automatically dispenses medications at scheduled times. In the U.S. alone, medication non-adherence is estimated to claim the lives of 125,000 people annually and account for nearly $300 billion in avoidable health care costs per year.
“Securian is proud to support MN Cup in fostering innovation and supporting the growth of new, Minnesota-born business ideas,” said Sid Gandhi, Securian’s chief strategy and enterprise technology officer. “This year’s finalists helped Securian look at risk prevention, and we feel Dose Health’s innovative technology has the potential to both improve mortality and expand the pool of customers medically eligible for life insurance. We congratulate the Dose Health team on their foresight and inventive approach to fulfilling an unmet need.”
“Securian is a forward-thinking company with a demonstrated track record of supporting Minnesota, most recently with their involvement in the MN Cup,” said Paul Hines, M.D., Dose Health’s CEO. “It is an honor to be chosen by Securian for our shared work of helping give people peace of mind as they or their loved ones grow older.”
Dose Health and other startup companies were honored Monday, October 9, at the MN Cup Final Awards Reception, held at the McNamara Alumni Center on the University of Minnesota campus.
ABOUT SECURIAN FINANCIAL GROUP
Since 1880, Securian Financial Group and its affiliates have provided financial security for individuals and businesses in the form of insurance, investments and retirement plans. Now one of the nation’s largest financial services providers, Securian is the holding company parent of a group of companies that offer a broad range of financial services.
ABOUT DOSE HEALTH
Dose Health’s mission is to ease the burden of medication adherence for each patient, family and care provider by providing innovative and intuitive technology in a service-oriented fashion. Its first product, Dose Dispense, is an internet-connected smart pill dispenser that automatically dispenses medication at schedules times.
ABOUT MN CUP
MN Cup is the largest statewide startup competition in the country and a hub to connect Minnesota’s entrepreneurial ecosystem. Organized by the Carlson School of Management at the University of Minnesota, MN Cup aims to create jobs and grow Minnesota’s innovation footprint.