Transcript: Investing in Innovation: Startup Companies Pursue Success in Minneapolis

The camera pans up a reddish-brick office building in Minneapolis's warehouse district. The city name is in white text on the lower left.

ON SCREEN TEXT:          Minneapolis

Now, the camera focuses on the words "UnitedHealthcare Accelerator Powered by techstars" emblazed on a glass wall. Behind it, a man sits at table studying a laptop. Joel Nelson begins speaking in voiceover, then continues in person in front of a large poster full of UnitedHealthcare employees' signatures. His name and title appear on a blue graphic in the lower left.

ON SCREEN TEXT:          Joel Nelson

                                    UHC Vice President of Innovation


JOEL: You can't talk about the history of UnitedHealth Group without talking about entrepreneurship. It's really in the DNA of everything we do.

A poster reads "Techstars: Thank You to Our Partners" as Matt Miller begins speaking. Then he stands in a bustling office area as his name and title appear in the lower left.

ON SCREEN TEXT:          Matt Miller

                                    Techstars Managing Director


MATT: Techstars is the worldwide network that helps entrepreneurs succeed. So it is--it's all based on this idea that future health of the world rests on your ability to produce solutions to problems that you're experiencing-- like, you actually having the guts to build a company.

A group of people watch a presentation in a conference room, led by Adeel Malik.

ADEEL: So why is this kind of experience okay in healthcare?

The camera pans across the Minneapolis skyline on a cloudy fall day from the perspective of a park. The scene dims as white text appears in the center.

ON SCREEN TEXT:          The UnitedHealthcare Accelerator

                                    Powered by Techstars brought

                                    promising start-ups to

                                    Minneapolis for a three-month

                                    mentorship program.


ON SCREEN TEXT:          The partnership helps health

                                    tech entrepreneurs incubate

                                    ideas that improve access,

                                    quality and cost of care.


In close-up view, a walker slides down a hallway. The right wheel has an electronic, gear-shaped attachment. Peter Chamberlain, seated on a couch with a walker in the foreground, addresses the camera. His name and title display in the lower left.

ON SCREEN TEXT:          Peter Chamberlain

                                    CEO, founder WalkWise


PETER: I'm the inventor and founder of WalkWise. WalkWise is a smart walker attachment for seniors designed to preserve independence.

He spins the WalkWise attachment on his finger as he continues speaking.

PETER: Techstar has helped us better understand our value to health insurers and understand this very complex system and how we fit into it and where we provide value. It also helped us to think bigger.

Krista Nelson speaks from her office overlooking the city. Her name and title appear in lower left.

ON SCREEN TEXT:          Krista Nelson

                                    UHC VP Strategy for Govt. Programs


KRISTA: You know, these companies, these entrepreneurs, are passionate; they're brilliant, energized. They're working really, really hard. It's an honor, really, to be a mentor.

Adeel Maleek studies a MacBook screen in a bright, spacious office. A tag with the Clearstep logo stands on his desk in the foreground. He speaks in voiceover.

ADEEL: We are Clearstep. I'm the CEO and one of the cofounders.

A screenshot shows the Clearstep homepage, featuring a box to type in symptoms. The words "I have a fever" appear in the box, and an automatic response asks, "How old are you?" Adeel speaks in voiceover.

ADEEL: Clearstep is solving the problem of inaccessibility to care.

Another page on the website shows an estimated cost of $245 for visiting Dr. Carol S Burke. The cursor clicks the "Schedule appointment" button, and the next page shows various times available for an appointment with Dr. Burke. The shot changes to Adeel speaking, with his name and title in a lower-left graphic.

ON SCREEN TEXT:          Adeel Malik

                                    CEO, founder Clearstep


ADEEL: The ability to, within a matter of three weeks, get so much rapid-fire feedback from literally 100 different people who have had decades and decades of experience-- that made such a huge difference for us, because by the end of that, we had a much crisper idea of the reality of the problem we're solving.

As he continues in voiceover, he studies his laptop screen in the spacious office. Then, in a conference room, Matt Miller leans forward in his chair and asks the presenter a question.

MATT: Okay, talk me through that.

The female presenter addresses the attendees from a podium as Matt speaks in voiceover.

MATT: We're of the mindset that many of the solutions for healthcare-- they actually come from outside of it.

PRESENTER: That's what we're doing with Cleo.

Matt speaks to the camera in an empty conference room.

MATT: So it's that combination of that-- that willful naiveté that comes from an external entrepreneur combined with the corporate prowess that UnitedHealthcare offers.

Adeel addresses conference attendees, and a UnitedHealthcare poster appears in close-up, covered with signatures. Another man presents from the podium as Matt and others watch. Matt speaks in voiceover.

MATT: That synergy is really powerful.

The scene fades to white as the blue UnitedHealthcare logo appears in center screen.

ON SCREEN TEXT:          UnitedHealthcare®