Press Release: Healthbox To Launch Cambridge Accelerator With $50K For Health Care Startups
"Leading accelerator expands to Massachusetts to drive growth of healthcare startups "BOSTON â€“ April 26, 2012 â€“ Healthbox, a company that supports innovation and entrepreneurship in healthcare, has announced it is launching a business accelerator program in the Boston/Cambridge area. Up to ten New England-based healthcare startups will be selected for the three-month program. Each company selected will receive $50,000 in seed capital, access to a mentor network of industry experts, collaborative workspace and strategic guidance. The program launches this August and will conclude with a high-profile conference in November, where each participant will be able to pitch to an audience of investors and healthcare leaders from across the country. "'Massachusettsâ€™ world-renowned academic institutions, cutting-edge provider systems and strong investor community make it an ideal location for a healthcare accelerator to stimulate the ecosystem and support new ideas,' said Nina Nashif, Founder of Healthbox. 'We are looking forward to working with New Englandâ€™s most promising healthcare entrepreneurs to help them gain traction in the industry and develop sustainable businesses.' "Earlier this year, Healthbox hosted its first program in Chicago. Ten healthcare technology startups were selected out of hundreds of applicants to participate in the program, and in three short months, the teams were able to evolve their business models and establish new partnerships and pilots through the support of the Healthbox infrastructure. The program was supported by strategic partners that included Boston-based HLM Venture Partners, as well as Ascension Health, BlueCross BlueShield Venture Partners, California HealthCare Foundation, Merge Healthcare, Merrick Ventures, Sandbox Industries and Walgreens. Healthbox will continue to expand its partnerships and will be working with additional leading organizations as it continues to grow." Continue reading on PEHUB.