With 24 mega-deals so far, 2020 will be the largest funding year ever for digital health...
It brings 2020's year-to-date funding total to around $16B, more than any previous full year on record.
Beginning in January, the healthtech startups will have access to partners, a tailored curriculum and co-working space.
The selected companies will be supported by Bayer's G4ADigital Health Partnerships program to drive forward innovative solutions for patients.
For the next three months, these 10 companies will iterate on their business models and accelerate their companies through access to capital and mentorship.
Selected companies are developing innovations in gene therapy, chronic condition management, and social isolation of the elderly.
A deal slump that started in Q3 of last year, has now increased for the second quarter in a row.
Teams from each company will spend three months in Los Angeles working closely with Cedars-Sinai mentors, including doctors, researchers and administrators.
These companies span direct-to-consumer goods, diagnostic devices, and remote patient monitoring in payer, provider and employer spaces.
The market is seemingly slowing down, but both companies see other reasons to be optimistic about digital health investment.