Techstars and Cedars-Sinai have teamed up to launch a 3-month healthcare focused accelerator program billed as the Techstars Healthcare Accelerator. A total of 11 companies were vetted and selected to receive up to $120K in investment and mentorship from 100+ professionals at Cedars-Sinai and Techstars, for the program based out West Hollywood.
While certainly not the first healthtech accelerator, it’s the first by accelerator that involves a major hospital group that we can recall. According to the accelerator’s website, this is what they were looking for in applicants, “We are looking for companies transforming health and healthcare. Companies that are creating hardware, software, devices and/or services that empower the patient or healthcare professional to better track, manage, and improve health and healthcare delivery are eligible to apply.” True to this mantra, this class includes a broad array of applications including startups covering VR, a health service marketplace, pain management, analytics, talent management platforms, and even a medical diagnostic equipment company to name a few.
It’ll be interesting to see how the 11 startups fare and how they are able to leverage the resources of a top-tier healthcare organization combined with the resources of the Techstars program. Demo Day is around the corner in late June but here’s a preview of the 11 startups that made the grade.