Company Profile

No.14

Whitecoat

Provider of on-demand, affordable NP house calls for urgent-care needs

3-Year Growth
0%
Industry
Health
Location
Los Angeles, California
Year Founded
2015
Company Size
1-10 employees
Data as of Publication on Aug. 11, 2020
Company Description

The Pitch

WhiteCoat provides home, hotel, and office calls from nurse practitioners at an affordable rate. Student founders from the University of Southern California created an online platform that allows patients to request urgent-care visits, and plan to launch a mobile application later this year (a mobile app for NPs is already in use). The startup keeps rates low by hiring NPs, whose malpractice insurance is significantly lower than that of physicians. The NPs can diagnose, treat, and prescribe medications in addition to performing add-on services such as HIV testing, vitamin B12 injections, and electronic medical record creation. WhiteCoat’s mission is to provide every patient with an affordable house call, starting at $75 per visit or less with in-network insurance including Cigna and Aetna.

Traction

WhiteCoat currently offers its on-demand healthcare services throughout Los Angeles and Orange County, and plans to expand to San Diego and other states later this year. In its first four months, the company posted close to $20,000 in revenue. WhiteCoat has also raised $690,000 in funding from Idealab, Strong Ventures, and the University of Southern California Coulter Seed Program in addition to winning prize money from USC Marshall School of Business Women’s Pitch Competition.

No.15

WindiGo Turbines

Maker of efficient wind turbines to reduce energy cost and emissions

3-Year Growth
0%
Industry
Energy
Location
Philadelphia, Pennsylvania
Year Founded
2016
Company Size
1-10 employees
Data as of Publication on Aug. 11, 2020
Company Description

The Pitch

A team from Drexel University set out to create WindiGo Turbines to make wind energy the most efficient source of renewable energy. The startup finalized its wind turbine prototype earlier in March, aiming to develop a product that allows companies to reduce their energy costs and carbon emissions. WindiGo's modular turbines can be adapted to different environments and customer needs through app integration and a sensor-based optimization. Its turbines will have an energy savings potential of more than $6,000 for customers, in addition to a carbon offset of up to 20 tons. WindiGo plans to initially offer its product to small businesses and make power purchasing agreements with larger enterprises, while also taking an active role in educating consumers on the technology so as to eventually enter the residential market. The company’s long-term goal is to expand its services, providing financing, installation, manufacturing, and maintenance.

Traction

WindiGo plans to launch its service in October. Its turbines with an expected power output of 1 kilowatt will be priced at $1,000--or $1 per watt, less than half the cost of solar--plus installation costs of up to $2 per watt, depending on clients’ existing infrastructure. WindiGo Turbines aims to reduce the return on investment period to between four and six years; for many green energy products, ROI often takes more than a decade. The prerevenue company, which won first place in the Tech2gether and Drexel Startup Day Business Pitch competitions, is currently in the process of raising investment funds.