CAREier Selected to Join Endless Frontier Labs

by | Sep 20, 2024 | Press Release | 0 comments

Press Release: 

CAREier has been selected to join the Endless Frontier Labs 2024-2025 cohort alongside 101 ground-breaking companies! We look forward to working with EFL mentors, NYU Stern MBA students, and the rest of the companies selected for the Digital Tech track. 

CAREier’s Founder and CEO, Ryan Bass, stated:

Endless Frontier Labs is a premiere organization in supporting and accelerating companies early on in their journey who are already making big impacts to their ecosystems. It really was a joy to engage with the EFL team through the process and we are excited to continue forward in the relationship as one of the top 5% of companies that applied this year. To have been selected to the program after they received over 1600 applications and conducted more than 240 interviews speaks volumes to the future of CAREier and the excitement around CartCARE!

Endless Frontier Labs (EFL), a program for early-stage science and technology-based startups at New York University Stern School of Business, is structured to optimize each startup’s chance of scaling into a successful company through a goals-based mentoring process. EFL mentors are experienced entrepreneurs who have built and exited successful companies, world-renowned scientists and technical experts, and well-known venture capital and angel investors. 

Over nine months, EFL mentors work with admitted founders to set goals for the startups to accomplish and act as an informal advisory board to guide founders on how best to scale their businesses. Startups making progress are able to attract financing from investors in the program.    

Consistent with its mission as a non-profit, EFL is a founders-first program and charges no equity or fees from participating startups. No NYU affiliation or relocation to NYC is required to participate. The program is appropriate for founders from around the world seeking deep connections to the thriving New York ecosystem or U.S. markets.

“Our mission is to bridge the gap between science and markets.  We believe business strategy, validation by scientific peers, and connections to investors are critical for the successful commercialization of scientific breakthroughs. To that end, EFL provides founders access to an unparalleled network of business coaches, scientists, investors, and Stern MBA students to help transform their ideas into high-growth businesses,” said NYU Stern Professor Deepak Hegde, Founding Director of EFL.

More About EFL

Endless Frontier Labs (EFL) is a nine-month program at NYU Stern for early-stage science- and technology-based startups. Startup founders are advised by serial entrepreneurs, investors, and technical mentors to accomplish individualized business goals at eight-week intervals. These goals are designed to maximize each startup’s chance of growing into a high-growth business.  Startups that fail to make progress can be cut from the program at mentor discretion in order to optimize resources for startups that are excelling. Those that meet their goals are likely to attract investment from EFL mentors, as well as from one of the many venture capital firms that are represented in the program. While companies in the EFL program do not require an NYU affiliation to participate, all companies will benefit from access to and support from NYU scientists and Stern MBA students. Startups can also benefit from access to several in-kind services from EFL’s corporate partners, such as advice on intellectual property issues and related matters from global law firm Greenberg Traurig, LLP and server credits from Amazon Web Services. As EFL is a non-profit academic initiative of New York University’s Stern School of Business, EFL does not take equity or collect fees from startups. Further information and FAQ can be found on EFL’s website and follow us on LinkedIn, and Twitter for regular updates.

About CAREier

CAREier is an innovative healthcare technology company behind CartCARE, the revolutionary new approach for health systems to manage their inventories deployed in carts and cabinets all across their system. Founded and led by healthcare regulatory and workflow expert, Ryan Bass, CAREier is addressing the manual and largely paper based process of managing carts across numerous departments. The easy to use and intuitive approach of CartCARE has been shown to reduce cart restocking times by over 80%, eliminate end of month rushes, and automate adherence to expiring and recalled items deployed in carts. These benefits are coupled with an over 20% increase in daily audit compliance, a reduction of administrative burden on clinicians and improved outcomes for the patients organizations care for. For more information follow us on LinkedIn, visit us at www.CAREier.com or contact us at (202) 571-6164 or Info@CAREier.com.

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