AI startup wins Northwestern Mutual innovation contest
Northwestern Mutual announced the winner of its second annual Reverse Pitch MKE event. Reverse Pitch MKE invites business owners and innovators to help the insurer solve business challenges. Seven finalists from a previous event competed for a grand prize in three categories:
- Securing payments
- Evaluating inclusion
- Streamlining medical record review
Pythonic AI, an artificial intelligence startup in the medical records space,was the victor, earning a seed investment of up to $85,000. The company will gain access to corporate mentors, networks, and a new working space in Northwestern Mutual’s Cream City Labs.
The seven finalists were invited to the insurer’s downtown headquarters to present their creative business solutions to a panel of Northwestern Mutual judges. Pythonic AI pitched a solution to the third category that uses machine learning and natural language processing to automate aspects of medical records review.
Northwestern Mutual’s goal is to support startups with funding and resources at the earliest stages of their business development. Karl Gouverneur, vice president of digital workplace said, “We’d like to congratulate the Pythonic AI team for their innovative solution and the strong entrepreneurial spirit and talent of all seven participating startup teams.”
Baoqiang Cao, co-founder of Pythonic AI said, “Northwestern Mutual is an invaluable partner and champion of growing the startup ecosystem. They’ve been engaged with us from the concept development of our artificial intelligence medical records product through the presentation process.”