Sprint Accelerator Techstars
Last year, when Techstars partnered with Sprint to put together the first immersive startup accelerator aimed at the mobile health category we knew it would be a big deal. At that time they had partnered with the University of Kansas Medical Center and Providence Health & Services. These partnerships were paramount for a successful mobile health accelerator. These two organizations along with several other mentors within the reach of both Sprint and Techstars helped get the first cohort class through the program last year. Both the University of Kansas and Providence also helped with clinical validations and pilot programs.
Now Mercy R&D and the Johns Hopkins health system are joining in the mix.
The three month immersive mobile health accelerator takes place in Kansas City where Sprint is located. Last year companies came from across the country and Australia to participate in the first of it’s kind accelerator program. Two of the companies Fitbark and Symptom.ly relocated to Kansas City as their permanent home.
The 2015 cohort will begin on March 9th in Kansas City and have even more mentors and partners to help the 10 mobile health startups selected for the program. Each company receives up to $120,000 in funding and is eligible for Techstar’s equity back guarantee. In the equity back guarantee, upon completion of the program startups participating in any Techstars program beginning this year (2015) have three days to reduce Techstars equity stake or eliminate it all together. In regards to the equity back guarantee Techstars founder David Cohen said “In the Techstars tradition of #givefirst, we’re proud to offer our equity back guarantee to ensure that every company we work with is completely satisfied with the value that we provide.” on their blog.
“We have the advantage of experience from the inaugural program in 2014, plus new health care system collaborators and mentors to make the Sprint Mobile Health Accelerator even stronger,” said Kevin McGinnis, vice president of Pinsight Media+, powered by Sprint. “Our team is ready to dive into our second accelerator program less than one month from now with 10 new mobile health companies.”
“We are thrilled to add Mercy R&D and Johns Hopkins physicians and mentors to our highly acclaimed group of collaborators,” said John Fein, managing director, Techstars. “As with Providence and University of Kansas Medical Center, these health systems will provide our innovative companies valuable opportunities for potential pilots and clinical validation, and access to some of the top experts in health care. We’re honored to work with such world-class organizations and can’t wait to see the benefits resulting from our startups working with them.”
“Mercy has a rich history of innovation, and the team at Mercy Research & Development is a crucial piece of that innovative culture,” said Keela Davis, director of Mercy Research & Development. “We understand the product development process as well as the needs and priorities of health care providers like Mercy. Techstars and the Sprint Mobile Health Accelerator have created an amazing program for transformative health care technology companies. We’re excited to be part of it and are looking forward to using our expertise to help these ventures succeed.”
You can find out more about the Sprint accelerator here.