Techstars announces the launch of Techstars Healthcare sponsored by Cedars-Sinai, Point32Health, UCI Health, and UnitedHealthcare. The consortium-led accelerator program will be based in Los Angeles and select 12 high-growth startups to participate in its intensive 13-week program. Startups will receive capital, mentorship and world class programming from the Techstars global network and the U.S. healthcare and healthtech ecosystem.
How will it work?
With the addition of this new accelerator program, Techstars now runs five programs a year in LA (Techstars Los Angeles powered by J.P. Morgan, which runs twice a year, Techstars Music, and Techstars Space), and three programs across the global network focused on healthcare (Techstars Future of Longevity Accelerator, Techstars Physical Health Fort Worth Accelerator).
The three-month program runs March through June 2023 and is currently accepting applications for the inaugural class. The application deadline is November 30, 2022. Techstars is seeking companies focused on the following areas:
- SDOH/Health Equity/Health Literacy
- Mental and Behavioral Health
- Maternal Health
- Women’s Health
- Digital Therapeutics
- Chronic disease management
- Precision Medicine/Genomics
- Digital/Virtual Care
- Provider Performance Enablement and Optimization
- Complex Care Management
- Decision Support
- Innovations in At-Home Care
- Patient Experience
- Experience Orchestration
- Health IT
- Health + FinTech
- Health – Security
- Digital Diagnostics
- Clinical Trial Innovation
On the record
“Techstars has deep experience and an exceptional track record investing in healthcare, especially in Los Angeles,” says Matt Kozlov, managing director of the program. “We’re enormously excited about this program because it brings in new collaborators, UCI Health and Point32Health, and reunites us with our long-running, highly valued Techstars associates, Cedars-Sinai and UnitedHealthcare.”
“The Techstars Healthcare Accelerator provides the perfect platform for us to connect and collaborate with a broader range of entrepreneurs who are working to solve problems that we have as a healthcare provider.” Says James Laur, managing director, Cedars Sinai Health Ventures & vice president, Intellectual Property at Cedars-Sinai.
“We look forward to bringing our medical center, academic, and IT experience to the accelerator process and help mentor the incoming class,” says Scott Joslyn, chief information and innovation officer at UCI Health. “We hope to create a platform of access, inclusivity, and collaboration for the founders as they develop and refine their products and offerings, including potential demonstration and use at our sites of operation.”
Techstars has collectively run 7 accelerator programs with Cedars-Sinai and UnitedHealthcare and co-invested in more than 70 companies, including industry breakouts like WELL Health, AppliedVR, Tasso, Regard Health, Kiddo and Kintsugi. This accelerator combines two of Techstars’ top strategic focus areas: investing in the Los Angeles Tech ecosystem and investing in U.S. healthcare innovation. Nearly 200 companies have gone through a Techstars program in Los Angeles and have raised more than $1.4B.
Techstars has invested in nearly 500 healthcare companies globally that have raised more than $3 billion and are worth more than $10 billion, including market leaders such as Zipline, Pillpack, Owlet, and Ginger.io.