TelePlus HealthCare Among Female-Owned Startups to Benefit from NJ Golden Seeds’ Inaugural Office Hours

TelePlus HealthCare Founder Dr. Suzanne Shugg among 14 female entrepreneurs to participate in the inaugural information session and office hours of the newly-launched New Jersey chapter of Golden Seeds. 
 

TRENTON, N.J. (March 6, 2020) – TelePlus HealthCare Founder Dr. Suzanne Shugg was among 14 female entrepreneurs to participate in the inaugural information session and office hours of the newly-launched New Jersey chapter of Golden Seeds. The event, hosted in partnership with First Lady Tammy Murphy and the New Jersey Economic Development Authority (NJEDA), afforded entrepreneurs the opportunity to meet one-on-one with investors and receive feedback on their business models. Golden Seeds is a national angel investor network dedicated to investing in women-led companies.

Dr. Shugg, a serial New Jersey entrepreneur, pitched her Summit-based healthcare technology startup to investors and described her company’s integrated software platform that is designed to improve healthcare with a preventative and telemedicinal approach. She detailed how TelePlus HealthCare connects patients who have heart failure or sleep apnea using mobile devices to monitor their condition. Teleplus Healthcare’ platform aims to improve patient outcomes by providing patient education, scientific management algorithms, efficiently identifies patients who need expedited management. In addition, TelePlus has partnered with University of Pennsylvania to start the first MD education certification and sleep management platform that was completed this week. 

New Jersey is home to 13 of the top 20 pharmaceutical companies, and numerous world-class hospitals and research universities.

“Locating in the Garden State gives us access to the specific industry players that we’re trying to reach,” Dr. Shugg said. “I was excited to learn about the newly-created New Jersey chapter of Golden Seeds and thrilled to see women building up women during last week’s event.”

Dr. Shugg also noted she that she gained insight into Golden Seeds’ investing process and invaluable feedback during her time at the event. She hopes to continue the conversation with several investors in the weeks ahead.  

“Providing access to capital is fundamental to building a stronger and more diverse and inclusive innovation ecosystem in New Jersey,” NJEDA Chief Executive Officer Tim Sullivan said. “Under Governor Murphy’s leadership, we’re continuing to create ways to connect women-led businesses to funding and to provide mentoring opportunities for female businesses leaders.”

Last week’s event was held at The Co-Co, a collaborative workspace in Summit. The women-focused coworking and co-learning space for entrepreneurs and solopreneurs participates in the NJEDA’s NJ Ignite program. NJ Ignite helps technology and life sciences startup companies realize the benefits of collaborative workspaces – incubators, accelerators, and coworking spaces – by providing up to nine months of rent support for startup technology and life sciences businesses that are moving to an approved collaborative workspace. To date, 18 collaborative workspaces have been approved to participate in the program.
Dr. Shugg, practices as a lipid specialist at NJ Cardiology Association and was an adjunct professor at Rutgers University for the past several years. She also previously founded NJ-based Scientific Wellness.

To learn about the multitude of resources available to help technology and life sciences companies thrive, visit https://www.njeda.gov/tls and follow @NewJerseyEDA on Facebook, Twitter, and LinkedIn.