This summer, the Dingman Center will be conducting interviews with the 11 student startups participating in our in-person Terp Startup summer accelerator since 2020. Participating student entrepreneurs will receive a stipend of up to $5,000 that will enable them to work exclusively on their startups over the next eight weeks.
Founder: Akshaya Anand ’23, Computer Science
DC: In two to three sentences, how would you describe your startup?
Anand: Korion Health is building tools to enable patients to conduct health screenings from the comfort of their homes. Our first product is an electronic stethoscope and guided user interface that allows patients to quickly and effectively record their own heart and lung sounds.
DC: At what point did you know you wanted to create your own startup?
Anand: This idea was born during a hackathon. Our idea was a solution we truly believed the world needed, and at first, we wanted to just make it open source. However, our mentors advised us that commercialization would be the best option to bring this technology into the hands of people who would use it. This startup was born because bringing the dream of accessible patient-centric healthcare was too important to give up on.
DC: Who or what is your biggest influence for your startup?
Anand: Anna Li, our CEO, is the heart of Korion Health. She drives the company culture and mission with her ultra-patient-centric focus. I am really grateful to be working with her, and I am constantly inspired!
DC: Why did you decide to start a business in this industry?
Anand: Heart disease is the number 1 killer in the world, yet many of these deaths could have been prevented through earlier screening and disease management. A driving cause of why people aren’t catching heart disease earlier is that they don’t have access to routine screenings. Our product aims to bridge this gap and provide an accessible tool that is easy, simple, and effective for patients to use from the comfort and convenience of their own homes.
DC: What updates or significant accomplishments can you share with us about your company from the last few months?
Anand: We recently surpassed our minimum crowdfunding goal of 100k. The reason we chose crowdfunding, as opposed to taking VC money initially, was not because it’s the fastest or easiest way to get funds. We really wanted to call in the community and allow anyone to invest in the product and our mission. Many of the issues in healthcare are caused by misaligned healthcare incentive structures – and this ultimately impacts patient care. With our crowdfunding approach, we hope to empower patients in their own healthcare. We are grateful to the 100+ investors who have believed in us, and will do our best to ensure a return on your investment!
DC: When it comes to your startup, how do you define success?
Anand: To me, success would be any instance where our product helps empower patients in their own healthcare and helps someone identify the early stages of heart disease before they land in the ER.
DC: What are you hoping to achieve during Terp Startup Accelerator this summer?
Anand: I am hoping to expand my network and Korion Health’s presence in the Maryland ecosystem.
DC: If you could give advice to any aspiring entrepreneurs, what would it be?
Anand: Work on developing a product/service that is meaningful to you. As an entrepreneur, there is so much that you need to learn and figure out. Sometimes this can be stressful. Having a mission that you believe in is going to make all the difference if you wake up feeling energized or drained. Along these lines, please prioritize your health and well-being and surround yourself with mentors who can support you!
To learn more about Korion Health, please visit the website here.