Techstars brings healthcare AI accelerator to Baltimore
Pre-seed enterprise capital agency Techstars, CareFirst BlueCross BlueShield and Johns Hopkins College have partnered to launch a healthcare accelerator program in Baltimore, US.
This initiative goals to stimulate start-up entrepreneurs who concentrate on bettering healthcare by means of synthetic intelligence (AI).
This system, referred to as Techstars AI Well being Baltimore, is led by Johns Hopkins and CareFirst.
This can leverage the college's experience in reworking analysis into market-ready corporations, Techstars' confirmed accelerator mannequin, and CareFirst's dedication to bettering entry to and affordability of healthcare.
The accelerator could have a bodily presence in Baltimore, a middle for healthcare innovation.
Moreover, this system is an extension of the profitable Techstars Equitech collection, which concluded in Might of this yr, in partnership with UpSurge Baltimore, the town’s know-how ecosystem facilitator.
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Techstars AI Well being Baltimore goals to develop into Techstars' premier healthcare accelerator.
Adam Phillips, beforehand head of Techstars Equitech, will lead the 13-week programme.
This system goals to assist entrepreneurs who’re main startups within the well being, medical and biotechnology sectors.
Contributors profit from capital investments, knowledgeable steering and assist to navigate the complicated panorama and regulatory framework of the healthcare sector.
The decision for functions opens on 26 August 2024 and closes on 20 November 2024.
Andrew Cleland, Chief Funding Officer at Techstars, mentioned: “The appliance of AI in healthcare will allow new avenues of innovation, enabling extra highly effective options to be created for sufferers, quicker.
“Entrepreneurs are on the coronary heart of this alteration as they apply know-how to enhance care and finally affect folks’s lives.
“Their capacity to companion with main well being methods like Johns Hopkins and CareFirst, plus Techstars' programming, capital and connections will assist multiply that affect.”
Myra Norton, head of startup acceleration at Johns Hopkins Expertise Ventures, mentioned: “By partnering with Techstars on the intersection of healthcare and AI, Johns Hopkins goals to convey extra entrepreneurs into our ecosystem and stimulate extra startup exercise to convey impactful healthcare improvements to market.”
