The Cedars-Sinai accelerator has selected eight health technology startups to participate in its seventh class.
As part of the accelerator, business leaders will have the opportunity to work closely with physicians, researchers and administrators to understand how their products fit into the healthcare landscape. This year, the startups’ offerings range from fitness accessible to aging patients to skeletal reconstruction.
All startups accepted into the program receive a $ 100,000 investment from Los Angeles-based Cedars-Sinai. At the end of the three-month program, business leaders will share their progress with an audience of investors, mentors, potential clients and members of the media.
The Cedars-Sinai Accelerator, launched in 2015, aims to advance the growth and development of solutions and businesses focused on improving healthcare.
“The road to building a successful healthcare technology business can be long and difficult, and we aim to accelerate this process where possible by providing concrete feedback, funding and an opportunity to grow their network and their visibility, ”said Anne Wellington, CEO of the accelerator, in an email.
Eight companies were selected from around 350 applications. The accelerator selection process includes a series of interviews as well as an internal review and discussion by accelerator staff as well as input from clinical, operational and technical subject matter experts.
“The companies we ultimately selected for the program are developing solutions that are not only relevant to Cedars-Sinai, but also have the potential to improve healthcare for patients across the country and around the world.” Wellington said. “We’re looking for companies that create timely and meaningful solutions, and that are led by founders who are eager to learn and collaborate to create the best possible product.”
To date, 54 startups have participated in the acceleration program, of which around 80% are still active or have been acquired. Notable companies include Well Health, Aiva, and Feedtrail.
The new class includes:
On the Road: A company focused on optimizing hospital logistics with software that can be used to query carriers and notify carriers and staff of updates.
EpiBone: A startup that builds and cultivates bone or cartilage in joints for patients with musculoskeletal abnormalities.
Eternally: An organization that helps patients complete an advance directive.
Euphoria: A startup offering a suite of apps to provide information and resources to transgender people throughout the transition process.
FlexTogether: A company that offers peer motivation and accessible fitness classes for aging patients and those who are isolated.
inTandem Health: An organization that provides peer support groups for newly diagnosed patients.
Optio3: A provider of cloud-based software to aggregate and analyze data from smart devices in the hospital setting to identify areas that could be more effective at the facility level.
Rhaeos: A startup that is developing a wireless, non-invasive heat flow sensor to detect the presence and amount of cerebrospinal fluid in a short period of time.
After being conducted entirely virtually in 2020 due to the Covid-19 pandemic, the Cedars-Sinai accelerator will use a hybrid operating model this year. Company representatives will be able to choose whether they wish to attend Cedars-Sinai in person or virtually.
Photo: elenabs, Getty Images