Baptist Health, Arkansas Regional Innovation Hub, and The Iron Yard are joining forces to launch the inaugural HubX-LifeSciences, a new digital health accelerator in Central Arkansas. Set to run from April 4 to June 30, 2016, the accelerator is looking to help promising startups in three areas: digital health platforms, healthcare services, and medical devices.

Each of the startups accepted to the program will receive $50,000 or $25,000 of initial seed investment, depending whether they make medical devices or not. Companies will also benefit from direct access to Baptist Health executives and facilities as part of the mentoring and building process, the potential to have a beta site within Baptist Health and a (potential) contract upon graduation from HubX. And if a startup advances as planned, they will be able to raise an additional cash thanks to the accelerator’s connection with the Fund for Arkansas’ Future, which is the state’s largest angel investment fund.

HubX-LifeSciences will be housed at the Silver Mine, the entrepreneurial development and co-working facility of the Arkansas Regional Innovation Hub. This will provide cohort companies with access to the community of web and mobile designers and developers, along with the opportunity to gain assistance with prototype design and fabrication through the Launch Pad.

Applications will be taken through February 15, 2016.

[Via: HitConsultant]