Hospitals bet big on venture capitals
When the coronavirus first appeared in the United States two years ago, hospitals soon realized that the pandemic would disrupt not only their ability to provide care, but also their financial lines. As hospitals became overburdened with COVID-19 patients, lucrative inpatient numbers collapsed, and many operators are still recovering. Some hospitals have moved their focus […]
Mayo Clinic launches AI startup program to help early-stage companies
This week, Mayo Clinic announced the opening of its artificial intelligence startup program, which includes four early-stage health technology startups. Mayo Clinic Platform Accelerate is a 20-week program that intends to assist AI-based firms in becoming market-ready by providing access to Mayo Clinic specialists in regulatory, clinical, technological, and commercial domains, with an emphasis on […]
Sanford Health startup program spins off new companies
Sanford Health physicians and nurses have created three businesses through the health care system’s new startup program, with several other new companies in the works. When a nurse, provider, researcher or other employee has an idea that solves an internal challenge or improves patient care, they work with the Sanford Innovations team. Rather than licensing the […]
‘The program is buzzing:’ Business startup program at UConn-Stamford sees major growth
TIP Digital, a technology incubation program for data science-focused startups hosted at the University of Connecticut’s Stamford campus, has seen the number of participating companies more than triple since its launch about eight months ago, according to data released this week by the initiative’s funding organizations. The program now hosts 17 data science startups, compared […]
Where 13 health systems are investing their innovation dollars this year
Below is a list of investments that health systems made in digital health startups and internal innovation efforts in 2021. Ascension Ventures, the healthcare venture arm of St. Louis-based Ascension, closed a $285 million strategic venture capital fund, bringing the firm’s total assets to more than $1 billion. The new fund is backed by 13 health system […]
Arizona State University: Mayo Clinic and ASU MedTech Accelerator Boosts Health Startups
Alliance for Health Care, was designed to help empower medical startups to better navigate challenges while bringing forth life-changing health innovations. The second cohort of this program is set to launch March 30, 2021. The accelerator provides emerging companies with a multi-day immersive curriculum in health care entrepreneurship including: lectures and workshops with world-class scientific […]
Tampa General to Launch Venture Fund
Tampa General Hospital has joined the growing list of health systems with an innovation hub and venture capital fund. It has announced the creation of a venture capital fund dedicated to driving a culture of innovation across Tampa General through the support of early-stage startups and direct investments. Tampa General Hospital is a 1,006-bed nonprofit […]
Children’s Hospital LA launches pediatric digital health accelerator
The hospital is introducing a 13-week pediatric digital health accelerator program, dubbed KidsX, which will link more than 30 hospitals across the US, the UK, and Australia with companies focused on cultivating pediatric digital health innovations. As part of the program, hospitals will present problems and challenges to the startup community and work with digital health companies […]
UPMC grows innovation in the last 4 months
Over the past four months, UPMC has continued to invest in technologies and innovations for healthcare delivery despite financial pressures related to the pandemic. On Aug. 26, the health system revealed more details about two key innovation initiatives in its second-quarter financial results. During the first half of 2020, the health system reported $59 million in operating income and […]
AHA closes on $50M strategic venture fund
The American Hospital Association announced Nov. 13 the final closing of the AHA Innovation Development Fund, which provides financial and technical support to innovative healthcare startups. The $50 million fund is sponsored and managed by Concord Health Partners. Beyond just financial return, the AHA Fund’s goals include advancing promising healthcare technologies and solutions, creating venture opportunities for […]