Pilot Health Tech NYC 2014 is again providing $1 million in funding from a variety of partners for 10 or more pilot projects centered in New York City. Its purpose is to match early-stage health technology companies with healthcare organizations such as hospitals, employers, payers and pharma companies. Supported by NYC Economic Development Corporation (NYCEDC) and Health 2.0, the application deadline is past but for those which have applied, the matchmaking sessions are on 11-12 March with a deadline for joint applications 23 May and Pilot Day 25 June. Website.
Still open is the New York Digital Health Accelerator (NYDHA) program sponsored by the New York eHealth Collaborative (NYeC) and the Partnership Fund for New York City. Applications are due 11 April which will fund up to 10 early and ‘growth-stage’ companies with $100,000 plus entry into a mentorship program with thirteen New York metro healthcare providers. Funding is being provided by several investors, Genentech, Merck, Pfizer and Infor. Website, release.
Updated 21 November
The third annual New York eHealth Collaborative (NYeC) Digital Health Conference in New York City attracted several hundred people from the worlds of hospitals, public health, academia, policy makers and health insurers–and the myriad related products and services which will enable these entities to improve their health IT, organization and engage patients in their own health. If there were three buzzword phrases setting the tone, they were interoperability, patient portals and technological innovation. All relate to data–data transfer of patient records between providers to be available regionally (RHIOs) and throughout the state via the SHIN-NY health information exchange (HIE); using data to help people visualize and improve their health; putting data into ‘whole person’ context for providers, integrating it into workflows and to save lives; using data to serve process improvement and tougher standards. And finally there is that old devil cost: reducing the cost of care, reducing expensive readmissions plus co-morbidities and making those tools to do this job more affordable for providers and patients.
A sure sign that Silicon Alley in NYC is actually moving beyond the focus on shopping/retail and gaming to support early-stage companies in health tech is in this AlleyWatch guide to 14 accelerators, some of which are exclusively focused on health tech companies but others which may accept the right idea. It should be noted that both Blueprint Health and StartUp Health (with GE Ventures) have moved beyond the angel-funded to more ‘mature’ companies [TTA 15 July]. NY Digital Health Accelerator is a joint initiative of New York eHealth Collaborative and Partnership Fund for New York City [TTA 23 May]. But those without an exclusive focus on financial services or education (for instance), such as NYC SeedStart, Women Innovate Mobile and Founder Institute, may be viable alternatives to the Blueprint-StartUp-NYDHA nexus. It also balances out the fact that NYC is an expensive place to be a startup–only a little less so than SF. Hint, hint UK, European, Israeli and Latin American entrepreneurs–set up shop in NY, and the Coke and a slice (pizza, that is) is on Editor Donna! 14 New York-Based Accelerators to Help You Launch Your Company
New York, New York, a helluva town.
The Bronx is up, but the Battery’s down.
The people ride in a hole in the groun’.
New York, New York, it’s a helluva town!
From ‘On The Town’, lyrics Betty Comden/Adolph Green, music Leonard Bernstein
Last week’s three events convinced even The Gimlet Eye that New York City is finally a helluva town for many things eHealthy. There were full houses at both Health 2.0’s Matchpoint|East and Health 2.0 NYC’s first-ever Healthcare Pioneers: Healthcare 2020. CE Week, presented by the Consumer Electronics Association (CEA), prominently featured health tech on the packed show floor and hosted the Digital Health Summit (DHS). Matchpoint|East is our starting point in Part 1. (more…)
‘Digital health accelerators’ are popping up like spring flowers, but what is the ‘secret sauce’? New York Digital Health Accelerator’s (NYDHA) program may have found the recipe. Dave Chase, CEO of Avado, takes a go at it from what a program like this means to an early-stage (or startup) company. Key points:
- 23 leading providers were the selection committee–customers, a/k/a ‘who pays’–and they mentored and met extensively with their assigned company
- Funding and the equity ‘take’ were the most attractive of any accelerator: according to Chase, “providing the most funding per company of any accelerator ($300,000 or more[Ed.note: versus a more typical $20,000]) — roughly 5-15x more than other accelerators while taking significantly less equity.”
- It was actively co-managed by The Partnership Fund for NY and NYeC (NY eHealth Collaborative) whose senior staff sourced conference/exposure opportunities and connections with Federal and state healthcare leaders
- NY is clearly backing this with a goal of reinventing healthcare
Previously in TTA: Healthcare IT–New York’s Next Big Thing [14 May] highlighting the Partnership Fund for NY and the NYDHA program.