The Cedars-Sinai Accelerator has selected eight health technology startups for its seventh grade.
The accelerator gives company executives the opportunity to work closely with doctors, researchers, and administrators to understand how their products fit into the healthcare landscape. This year, the offerings of the start-ups range from providing accessible fitness for aging patients to skeletal reconstruction.
All startups enrolled in the program will receive a $ 100,000 investment from Cedars-Sinai of Los Angeles. At the end of the three month program, business leaders will share their progress with an audience of investors, mentors, prospects and media representatives.
Introduced in 2015, the Cedars-Sinai Accelerator is designed to drive the growth and development of solutions and companies focused on improving health care.
“The road to building a successful healthcare technology company can be long and difficult, and we want to accelerate this process where possible by providing real-world feedback, funding and the opportunity to build your network and visibility,” said Anne Wellington, executive director 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 the accelerator staff, as well as input from clinical, operational and technical experts.
“The companies we ultimately selected for the program are developing solutions that are not only relevant to Cedars-Sinai, but have the potential to improve patient health care across the country and around the world,” said Wellington . “We are looking for companies that create contemporary and meaningful solutions and are led by founders who are inquisitive and work together to develop the best possible product.”
So far, 54 startups have participated in the accelerator program, around 80% of which are still active or have been taken over. Notable companies include Well Health, Aiva, and Feedtrail.
The new class includes:
Enroute: A company that focuses on optimizing hospital logistics with software that allows transport companies to be requested and transport companies and employees to be informed of updates.
EpiBone: A startup that designs and cultivates bones or cartilage in joints for patients with musculoskeletal defects.
Eternal: An organization that helps patients fill out an advance directive.
Euphoria: A startup that offers a range of applications to provide information and resources to transgender people as they go through the transition process.
FlexTogether: A company that provides motivation and accessible fitness guidance to aging and isolated patients.
inTandem Health: An organization that offers peer-to-peer support groups for newly diagnosed patients.
Optio3: A provider of cloud-based software to aggregate and analyze data from hospital-based smart devices to identify areas that could be more efficient at the facility level.
Rhaeos: A startup developing a wireless, non-invasive thermal flow sensor to detect the presence and amount of cerebrospinal fluid in a short period of time.
After the Cedars-Sinai Accelerator was completely virtual in 2020 due to the Covid-19 pandemic, it will use a hybrid operating model this year. Company representatives can choose whether they want to attend Cedars-Sinai in person or virtually.
Photo: elenabs, Getty Images