TMC, Village Capital unveil program for digital health startups

Village Capital

Texas Medical Center (TMC) and Village Capital have launched the VilCap USA: Health IT 2014 program, seeking early-stage digital health technologies and business solutions making healthcare more affordable and of a higher quality for all Americans.

The program is structured in four intensive four-day sessions over three months, with two in Houston and two in Salt Lake City. The sessions at TMC will be held December 7-10 and February 18-21. It will be housed within TMC’s 100,000-square-foot, state-of-the-art Innovation Institute and will complement TMC’s accelerator program, TMCx, which will launch in March.

The program is structured in four intensive four-day sessions over three months, with two in Houston and two in Salt Lake City.The two parties have committed a total $100,000 investment to the program. Throughout the process, participating entrepreneurs will assess one another and at the end, the two highest-ranking businesses will each receive $50,000.

TMC and Village Capital will provide mentorship, business development, technology and access to local leaders, investors and potential customers. Selected companies include 1DocWay, AsthmaMD, BoardRounds, Hybrent, iRxReminder, Healarium, NavAssist, Seratis, Speak MODalities, Symptify, Uberhealth, and VerbalCare.

TMC is the largest medical complex in the world, serving 7.2 million patients annually. It is comprised of 55 member institutions including 21 renowned hospitals, three medical schools, eight academic and research institutions, six nursing programs, three universities, two pharmacy schools and a dental school.

Village Capital has supported 400 enterprises across 30 accelerator programs in nine countries over the past four years. The organization has also screened 10,000 companies providing business solutions to major social problems, with enterprises reaching six million customers and raising more than $100 million in follow-on capital.