700K raised by social impact startup KinChip Systems

Company Name: KinChip Systems

Announcement Date: 26/07/2017
Announcement Category: Investment
Announcement Content:

KinChip Systems Pty Ltd, an award winning Australian digital health company, has successfully raised $700K from local investors. The funds have supported the company to build a strong core team and provide for the release of its lead product, Kindom™, to consumers.

Founded and led by its two female founders, Catherine Resnick and Gry Stene, KinChip’s initial offering, Kindom™, links families and carers with health, education and social services to improve health outcomes.

Using Kindom™, families can communicate and coordinate care with family members and be linked with personalised resources relevant to their specific needs.

Aggregated and de-identified data from across the social determinants (incorporating health, education and social sectors) is then provided to governments for policy, planning and decision making.

“Action on the social determinants of health is often seen as the most appropriate way to address health inequalities, with the prospect of better health for all across the entire social gradient (CSDH 2008) -- Australia’s Health 2016, Australian Institute of Health and Welfare 2016.

Mrs Resnick affirms that “collecting comprehensive data on the social determinants of health is complex. This results in a lack of data, and limits the evidence available for policy development and monitoring the gaps in health inequalities in the community.

“Kindom™ offers government and population health providers the ability to leverage social determinants of health to reduce cost, manage risk and improve community outcomes.”

The WA Office of Government Chief Information Officer (OGCIO) was pivotal in validating Kindom™’s value to government when they hosted the inaugural 2016 Start IT Up Challenge. KinChip were the major prize winners which provided the opportunity to co-design, develop and test the commercial viability of their project in collaboration with a State Government agency.

KinChip Systems has global ambitions and is currently negotiating pilot projects in Australia prior to its move into international markets.

Announcement URL:
About KinChip Systems:

KinChip Systems is an award winning Australian digital health company focused on the development of personalised decision support, care co-ordination, predictive analytics and consumer engagement solutions for the global population health market.

Informed by world leading research collaborations, our lead product Kindom™ provides families with support to improve child health outcomes and in-family capabilities through innovative technological solutions.

Go to Company Profile for: KinChip Systems

Announcement Contact: [email protected]