Techstars has invested in thousands of early-stage startups, with more than 600 in the healthcare sector, such as fertility tracking firm Ovia Health and baby monitoring company Owlet. Some companies in its portfolio have gone on to become larger players in the space, including online pharmacy PillPack, which was later acquired by Amazon, and digital mental health platform Ginger, which eventually merged with meditation app Headspace.
The AI program will take place next year in Baltimore, where Johns Hopkins and CareFirst are headquartered, according to the release.
Applications will be accepted through Nov. 20, and the accelerator will kick off in March next year.
The accelerator comes as AI has become a hot topic in the healthcare industry — and a big draw for venture capital funding dollars.
Though investment in digital health startups has fallen significantly following a funding boom in 2021, the market may be starting to improve, according to a July report by consultancy and venture capital firm Rock Health.
The analysis found 34% of funding in the digital health sector in the first half of the year went to startups leveraging AI.
In addition to the AI program, the venture capital firm also launched another healthcare innovation accelerator this week, in partnership with Northwestern Medicine.
Full story: Johns Hopkins, CareFirst, Techstars launch healthcare AI accelerator | Healthcare Dive
