Healthtech accelerator programs are usually designed to help startups in the health technology industry with coaching, mentorship, and investment. In return for this support, startups need to share part of their company equity with investors. Most programs focus on emerging technologies that can improve healthcare across one or more of these categories:
The following table compares healthtech accelerator program services based on what is included in their program (note that some of these do also offer seed funding):
Healthtech accelerator programs provide several different services during the early stages of a startup’s life. These may include:
Startups participating in healthtech accelerator programs will gain valuable insight into many areas related to developing an innovative technology-based product for healthcare markets. This knowledge will help entrepreneurs make informed decisions on their products. The shaping of a startup company with expert advice from industry insiders will also give them a strategic advantage over competitors. Healthtech accelerator programs typically deliver a higher success rate for startups emerging from them compared to those not going through an accelerator program.
Startups that choose to go through medtech accelerator should be aware that participation is time intensive and may last up to 12 months, depending on the program. They must also contribute financially as most such programs require payment in addition to sharing part of your company’s equity with investors. Startup founders must also be prepared for early temporary disruption to their personal lives due to increased coaching and mentorship activities during the program
The following table provides more information on the services included in several healthtech accelerator programs.
