SPONSORED POST
By CATALYST @ HEALTH 2.0
GuideWell
Innovation, in collaboration with Springboard Enterprises, is hosting an
exciting new 10-week Scale Up Accelerator program for women-founded health tech
companies (or those with at least one female key
executive) located in the Southeastern US (FL, GA,
AL, MS, LA, NC, SC, KY, TN). Because both women-led startups and the
South East are lagging in access and closure of venture capital, this unique
cohort is dedicated to accelerating the growth and financing of companies
within these demographics.
The program will run from Jun 26th – Aug 30th and
includes a kickoff boot camp (June 26th – 28th) at the
GuideWell Innovation Center in Orlando, FL. Most of the program will be conducted virtually other than the 3-day kickoff boot
camp and a innovator/investor matchmaking showcase at the end of August. During
weeks 2-9, the cohort companies will be matched with various advisors and are
expected to connect with advisors every week. In addition, each week will
incorporate a virtual 2-hour workshop/collaboration session led by subject
matter experts on key challenge topics faced by most early-stage health tech
companies.
Required
criteria for the cohort:
- Company must be a health, wellness
or medical device technology company that addresses critical gaps in providing
affordable, accessible health care or holistic health/wellness solutions for
diverse populations and communities in the United States - Life sciences companies are NOT
eligible for this cohort - Women founders or key executives
must own a minimum of 25% of the company’s equity - The company must be headquartered
and have a minimum of 50% of its staff located in the Southeastern US (FL, GA,
AL, MS, LA, NC, SC, TN, KY) - Can show proof of “Scale Up”
traction through revenues, capital raised, customer acquisition, and product
development (see below) - Addressing a huge market
opportunity in the U.S. healthcare, holistic health or wellness industry
Scale Up
traction:
Eligible companies must meet GuideWell’s
minimum “Scale Up” requirements. A Scale Up company is a growing technology
startup with verifiable traction in its chosen marketplace. Traction may be
different based on the company’s chosen market, but is typically demonstrated
by one or more of the following:
- A minimum of $500,000 in revenues
- A minimum of $500,000 in seed
capital raised - Patents in place for unique
digital innovation or medical devices - FDA approval process underway for
products requiring FDA approval - Verifiable (reference required)
customer pilots - Accelerating product adoption
(especially for consumer-focused solutions)
GuideWell is partnering with Springboard Enterprises, a nationally recognized accelerator for women-led, high growth, scalable businesses. Since launching its first program in 2000, Springboard has worked with 735 women who have raised $8.5B in capital and drove companies to 17 IPOs and 185 M&A exits. They bring forward a deep, highly experienced mentor network to help support this cohort and provide incredible industry expertise.
Act quickly! The deadline to apply is Friday May 31st 2019. Program details and the online application portal are available at: https://guidewellinnovation.com/guidewell-scale-up-accelerator/.
Catalyst @ Health 2.0 (“Catalyst”) is the industry leader in digital health strategic partnering, hosting competitive innovation “challenge” events, as well as developing and implementing programs for piloting and commercializing novel healthcare technologies.
