How to build a health care startup with an eye toward the poor
Health care startup startup incubator The Next Health has announced its newest accelerator program: the $100,000-a-year Best Health Care.
The initiative, which launches today, is aimed at helping startups create and launch health care apps that empower people to lead healthier lives.
“The Affordable Care Act is an essential foundation to build our country’s health care infrastructure,” said Tim Gersh, cofounder and CEO of The Next.
“We are focused on helping companies create and scale health care applications that empower consumers to make informed health decisions.”
The Next’s accelerator program will be open to all startups and will launch later this month.
The first 50 applicants will get $100 million.
The $100k will go towards “startup capital, marketing, and marketing expenses,” according to the announcement.
The other $75k will be allocated for “business development, sales, and consulting.”
The $75,000 will go toward “branding and PR, and the remaining $25,000 for business development, marketing and consulting expenses.”
The announcement did not mention any criteria for selecting startups or the minimum size of an app.
Health care app startup incubators have been expanding in recent years.
Google’s Health and Fitness has expanded to more than 200 cities.
In June, Apple announced a $1 billion program to support the launch of the Health app, which aims to connect people to health information, medical services, and prescription medications.
The Next, founded by former Google execs, has partnered with companies like IBM and Intel to bring health tech to a wider audience.
Health Care Tech and HealthTech Ventures, a joint venture between GE and T. Rowe Price, have launched their own health tech incubator.
Health Tech Ventures is the largest health tech accelerator in the world, with offices in the U.S., China, India, and Brazil.
HealthTechVest is a startup incubation program in partnership with GE, the UAB School of Business, and UAB Healthcare.
The firm has plans to open an office in Washington, D.C., next year.
The Future of Health accelerator, created by the Future of Tech Network, aims to build tech businesses in the health tech space, and its latest offering, The Future Of Health 2.0, is focused on health tech startups in China.
The program, launched in March, aims “to accelerate and grow the development and deployment of healthcare-related technology.”
The program will help 10 companies build apps and other apps to support people’s health and wellbeing.
The next 10 companies in the program are set to be announced by the end of this month, with the first 50 to be chosen by the public in July.
“Our mission is to accelerate and support the development of the healthcare industry and healthcare app ecosystem,” Gershar told VentureBeat.
“That is why we are looking at health care app startups, which are emerging from emerging markets.”