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$100k Investment for Every Rock Health Company

It’s been a busy week for the people at Rock Health. First, they had the Rock Health Boston Demo Day. Yesterday and today they’re doing the Health Innovation Summit in San Francisco. And now Rock Health is announcing that Kleiner Perkins Caufield & Byers alongside longtime supporters Aberdare Ventures, Mohr Davidow Ventures, and the Mayo Clinic are upping their investment in Rock Health startup companies from $20k to $100k per company.

This is a good move by Rock Health. Just yesterday I was reading a Ycombinator founder describe how the added investment that each Ycombinator company got relieved some of the pressure that was associated with the program. Basically, he could make good long term decisions as opposed to forcing decisions because the funding and time frame were so short. I’m sure we’ll see that in Rock Health as well.

For those interested in Rock Health, they just opened their 3 week application period for their Fall cohort in San Francisco. I assume that they’ll be going back to the 5 month program again after doing only 3 months in Boston.

It’s worth noting that NYDHA (New York Digital Health Accelerator) offers $300k to health startup companies. I’m sure there’s going to be a lot of competition to get the best healthcare startups to participate in the various health IT accelerator/incubator programs.

August 28, 2012 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.

New York eHealth Collaborative Opens Application for Accelerator Program

As mentioned in a post on EMR Thoughts,  the New York eHealth Collaborative recently launched the New York Digital Health Accelerator. This program is for “early- and growth-stage digital health companies that are developing cutting edge technology products in care coordination, patient engagement, analytics and message alerts for healthcare providers.”

The application for this program is now open, though the deadline is quickly approaching on June 1st. After the deadline, a committee will review the applications and select up to twelve companies to participate based on different expectations such as product innovation, management’s track record, and company stage.

The companies that are selected will receive up to $300,000 throughout the course of the program. According to the NYDHA website, participants who are selected will also receive the following:

  • Access to clinical and technology feedback from the participating provider organizations.
  • Technology experts to help customize and integrate product to the statewide network that integrates all of the EHR data across the state.
  • Participating in a leadership program in which you will be able to interact with a network of healthcare leaders, successful entrepreneurs and investors.
  • Access to the NYeC-led EHR/HIE Interoperability Workgroup network of providers, states, and vendors from across the country.

This program is being sponsored by many different providers and investors. A full list can be found here.

Companies all around the country can apply as long as they meet the requirements. Companies that should not apply include pharmaceutical, biotech, surgical medical device, and diagnostics companies. Frequently asked questions are available concerning a variety of topics relating to the application and the program.

There was a information and networking event held on May 10th concerning the accelerator program and it was streamed live. It has been posted here for those who missed it.

For companies that are interested, the application is available here. Be sure to turn it in by June 1st, and finalist interviews will be held on July 19th and 20th in New York City. The program will officially begin on September 10th.

May 24, 2012 I Written By

Katie Clark is originally from Colorado and currently lives in Utah with her husband and son. She writes primarily for Smart Phone Health Care, but contributes to several Health Care Scene blogs, including EMR Thoughts, EMR and EHR, and EMR and HIPAA. She enjoys learning about Health IT and mHealth, and finding ways to improve her own health along the way.

Healthcare Incubation Growing – NYC Launches Healthcare Accellerator and Healthbox Expanding

I must admit that it’s getting harder and harder to keep up with all of the Healthcare IT Accelerators, Healthcare IT Incubators, Healthcare IT that are going up all over the place. The interest in investment and incubation of healthcare IT companies is huge right now. It’s an exciting time for those of us in the Healthcare IT space and an even more exciting time to be a healthcare entrepreneur.

Two recent announcements that caught my eye were the following.

NYeC Launches the New York Digital Health Accelerator (NYDHA) – You can read the full release, but it’s a $4.2 Million program to accelerate the creation of digital health technology companies in New York City. It’s an interesting collaboration of the New York City Investment Fund (NYCIF) joined the New York eHealth Collaborative (NYeC) and the NYS Department of Health (DOH).

I think the thing that sets apart the NYDHA (that’s a long name even abbreviated) is the $300,000 each company gets along with the 18 healthcare providers that have agreed to participate in the program. We’ll see how well NYDHA can execute on this relationship since I believe it’s key. A healthcare IT accelerator program could provide nothing more valuable than actual customers for these healthcare IT products.

I also just saw that on May 10th the New York Digital Health Accelerator program is putting on an information and networking event. It says they’ll be streaming the event live. Looks like a great group of speakers and shows the depth of their connections.

Healthbox Launches Boston Healthcare Startup Accelerator – Healthbox launched its first program in Chicago. I think it’s a smart move for them to go to Boston (or Cambridge if you prefer) since it is a hotbed for healthcare IT. They’re offering $50,000 in seed capital for the 3 month program that will go from August to November.

May 7, 2012 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.