Texas program offers funding, services to health IT startups
Health Wildcatters, a mentorship-driven seed accelerator based in Dallas, is offering 15 health IT startups up to $35,000 and 12 weeks of educational training to get their ideas and businesses off the ground. Companies also may receive up to $250,000 in follow-on funding, according to the Health Wildcatters website.
The accelerator is requesting applications from interested companies involved in healthcare IT, SaaS, digital health, mobile health companies, medical devices, diagnostic or drugs. Those who secure a spot are partnered with mentors, advisors, capital, connections and strategic resources. The 12-week program ends with a pitchday for Dalls investors; some startups will attend the mHealth summit in Washington, DC in December and meet with east and west coast venture capitalists, according to the website.
“The specific challenges of selling into the healthcare market, dealing with regulatory constraints and the slower pace of adoption are why we are here,” explained the Health Wildcatters website.
In exchange for the investment and support, Health Wildcatters receives 8 percent of the company’s funding stock, but holds no rights to make any decisions for the company.