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Health tech incubators/accelerators - competitive landscape
Key Takeaways
- Blueprint Health describes itself as a "community of healthcare entrepreneurs helping build the next generation of healthcare IT companies." It helps health tech companies raise capital, acquire clients, strengthen marketing and sales, as well as refining their investor pitches.
- The Cedars-Sinai Accelerator is a 3-month program that offers healthcare startups about $100,000 in funding, access to over 300 mentors, and access to the Cedar-Sinai medical center. Its focus areas include AI, machine learning, and analytics, care delivery models, business and administrative technologies, care management, digital health, cybersecurity, medical devices, genomics, revenue cycle, and supply chain management.
- While it does not list the name of its programs, the Institute for Life Science Entrepreneurship reports that its programs offers resident companies business development, fundraising, licensing, business plan creation, corporate structure advice, and financing. It also notes that it provides research and acceleration support, operations and technical assistance, as well as laboratory space, grant writing assistance, and access to venture capital.
Introduction
8 companies that offer accelerator and incubator education programs in the United States and all required information (as publicly available) can be found listed in this spreadsheet. Below we give a summary of some of our findings.
Summary of Findings
- The New York Digital Health Innovation Lab was founded as a partnership between the New York City Partnership Fund and the New York eHealth Collaborative program. It is reported to focus on raising startups within health tech, with some products focusing on clinicians, while others are medication management applications. It is headquartered in New York.
- IntuitiveX notes that it has strong relationships with Fortune 5000 medical technology companies, top intellectual property lawyers, as well as on-demand innovation groups. Further, IntuitiveX boasts of having the largest and most active angel investor group in the Pacific Northwest, as well as clinical and distribution networks that span 26 states.
- What If Ventures is a mental health start-up accelerator that helps founders build sustainable businesses. The fellowship links companies with investors, other entrepreneurs, and advisers who "help build and facilitate advancement of your behavioral health business. "
Research Strategy
For this research on the competitive landscape of health tech incubators/accelerators, we leveraged the most reputable sources of information that were available in the public domain in selecting these companies, including Medical Startups, Kolabtree, Sales Flare, Incubator List, and Digital Health Today. The companies that are included in this brief appeared repeatedly across these sources.