Proof of Usefulness Report

STI Technologies

Analysis completed on 1/25/2026

+425
Proof of Usefulness Score
Certified Problem Solver

STI Technologies is a verified, established Canadian health-tech company (acquired by IQVIA for ~$200M in 2017). Its flagship 'innoviCares' program serves >1.5M patients, demonstrating massive real-world utility and reach. While the submission data itself was low-effort (e.g., 'most people have used my product'), the verifiable external evidence of market traction, revenue, and scale justifies a high score, placing it in the 'Much Larger Scale' calibration tier significantly above smaller startups.

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Score Breakdown

Real World Utility+90.0
Audience Reach Impact+114.0
Technical Innovation+45.0
Evidence Of Traction+142.5
Market Timing Relevance+34.0
Functional Completeness+1.0
Subtotal+426.5
Usefulness Multiplierx0.99
Final Score+425

Project Details

Project URL
Description
STI Technologies Limited is a healthcare technology and analytics company that positively impacts patient support programs. We improve access to medications by leveraging available reimbursement funding and innovative technology to engage patients. Founded in Halifax, NS in 2001, STI has grown and evolved since its beginnings in card-based samples, distributed by physicians and redeemed at pharmacies. In 2012, we launched our flagship program, innoviCares, which has since helped more than 1.5 million Canadians take better control of their health and wellness. The free prescription savings card covers more than 100 medications and healthcare products, and has expanded to include coverage on healthcare services like counselling, weight management programs, and optical products. Through technology and with patients at the heart of our innovations, we proudly support the Canadian healthcare system by delivering intelligent financial reimbursement, patient engagement and patient management solutions to help support positive health outcomes.

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline