Hartford Business Journal

www.HartfordBusiness.com • April 8, 2019 • Hartford Business Journal 11 FOCUS Quality Construction + Butler Manufacturing = Repeat Customers www.borghesibuilding.com © 2011 BlueScope Buildings North America, Inc. All rights reserved. Butler Manufacturing™ is a division of BlueScope Buildings North America, Inc. 2155 East Main Street • Torrington, Connecticut 06790 Gregor Technologies, Torrington, CT | 2007 | 40,000 sq. ft. 2009 | Addition — 28,500 sq. ft. Contact us at 860-482-7613 or visit us on the web. MEMBER FDIC EQUAL HOUSING LENDER NMLS #459028 Find your [ business loans of all sizes] place. If your business has a capital need of almost any size, Liberty Bank is your local lender, with the rates and products to match. y Loans, lines of credit, owner-occupied and investment mortgages up to $50,000,000. y Customized loan structures to meet your business's needs. We also offer services to better manage and protect your deposits, including: y Remote Deposit Capture allowing you to make deposits from your office. y Fraud Protection services to keep your money safe. Start growing your business today. Contact Renee Cote at 860-344-7224. send a prized painting dating from 1500 to Rome for restoration, they called on Hartford InsurTech Hub startup See Your Box for help. The fledgling company used tiny sen- sors and a cutting-edge software to monitor the painting in transit for changes in location, temperature and humidity — along with whether the masterpiece had been jolted or its box opened. "If we can use those technolo- gies to monitor all the products we consume and we transport every day, the amount of data we can collect will change … the way we do logistics and how we insure logistics," said See Your Box co-Founder and Chief Oper- ating Officer Federico Capello. Based in Switzerland, See Your Box wants to transform the insurance in- dustry with the latest technology in the realm of the "Internet of things," em- bedded devices that collect and analyze data using the cloud. The company's combination of sensors and software allows for real-time monitoring of goods in transit using 60 data points, from temperature to vibration to the processing of legal documentation. See Your Box's technology continu- ally scans for anomalies and alerts customers of any unusual changes. In addition, overall trends in logistics can be analyzed and predicted using real-time data, enabling insurers to more accurately analyze risk, design policies and process claims. "We can see patterns, which can- not be seen otherwise — that makes a massive difference," said See Your Box CEO Marco Toja. Winning a slot as part of the Hart- ford InsurTech Hub has allowed the company access to top executives in the U.S. commercial-property insur- ance market, Capello said. American insurance companies are more open to technological advances compared to European firms, he added. Medyear As a young tech executive, Panya Chheng has already lived in 18 cities in his adult life. "One of the challenges of being an entrepreneur, chasing dreams, is that dreams move," Chheng said. Chheng's frustrations in trying to keep track of his health records across multiple moves helped prompt him to found Medyear, one of the startups in this year's Hart- ford InsurTech Hub class. "[Medyear] really came about be- cause I had this general predicament that a lot of people have, I had health information scattered all over the place," Chheng said. "I wanted a user- friendly experience in health care." Medyear's main product is an app available at both the Apple App Store and Google Play that allows users to download their medical records from over 300 health systems. In addition, a social media-like interface enables patients to document and track their treatments and add their doctors to a "Care Team" for secure chats. Founded seven years ago, New York-based Medyear really took off in 2016 after the 21st Century Cures Act loosened restrictions on patients' access to their own medical history. "It really puts the patient in charge of their health records," Chheng said. "We're the company bringing it to life, giving patients control and agen- cy and portability. As a result, these newly empowered patients have all this helpful information." Hartford InsurTech Hub has given Medyear valuable introductions to major insurers, Chheng added. "We have a concentrated opportunity window from this accelerator to say, 'We're here, we've got something re- ally special for you, we want to work with you.'" Three deals are already in development, he added, with several more in preliminary stages. His experience at the InsurTech Hub may even prompt the peripatet- ic Chheng to settle down in one city — or at least on the East Coast. "We're learning so much from this community," he said. "Hartford's been really good to us." er programming and many more. The people who will benefit from our programs cut across all demo- graphic and geographic lines. They include people who are unemployed, underemployed, underserved, retired — anyone with an idea and the de- termination to make it happen. We are a 501(c)(3) nonprofit com- munity resource. Our business model includes membership sales, much like a gym. We offer classes, workshops, meeting space, as well as collaborations with higher-education institutions and corporations, which have already been very supportive. Programs are funded by grants, donations and sponsorships from foundations and corporations. Q. Why have the space in downtown Hartford? A. There's no better place. Down- town Hartford puts us in a central- ized location in Connecticut, easily accessible for our members, enabling us to serve as a resource for all of Connecticut's makerspaces. Our location also allows us to sup- port and participate in the Hart- ford maker-ecosystem. We will be a resource for accelerators like the Stanley+Techstars Accelerator and Hartford InsurTech Hub, and area Continues on next page >>

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