Startups

The program is designed to rapidly pilot technologies of NYC-based startups to advance healthcare, create jobs and strengthen City's health tech sector.

The digital health market is expected to surpass 2017 deal counts, with an increase in the percentage of mid- and late-stage deals.

The Q3 2018 was the biggest quarter yet, with $3.3B invested across 93 deals during the period.

The new VC arm builds on the company's existing venture activity, including collaboration with five venture capital partners.

The following companies have been accepted to the program: Agathos, Asserta Health, CareAdvisors, ImageMover, iQuartic, Mymee and Sana.

Digital health companies in the United States raised $4.9 billion in 2017 with the remaining $2.3 billion coming from other countries.

It has found 2017 to be the record-smashing year for the industry, with the highest amount of venture funding and the most mega deals ($100M+) to date.

The company has found that Q4 2017 was the largest fourth quarter on record with $2.3B of funding raised across 227 deals.

The network is designed to rapidly pilot technologies of NYC-based startups to advance healthcare, create jobs and strengthen City's health tech sector.

The fund is also looking to provide guidance to startups that apply new technologies to solve healthcare's most pressing challenges.