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Techstars++ Joins Forces with Mayo Clinic

For those not familiar with Techstars, they are one of the best startup accelerators out there today. You can literally look at the statistics for the startups they’ve invested in on the TechStars stats page. For those not familiar with the startup accelerator model, companies get a small sum of money (usually enough to live for 3 months) and spend 3 months in a city with other startup companies building out your startup company. It’s turned out to be a great model with Ycombinator and Techstars leading the pack and plenty of healthcare startup accelerators following after.

Many of the Techstars companies have been healthcare startups (especially the Techstars Boston classes) and Techstars has just created a new partnership with the Mayo Clinic to help these startup companies even more. It’s called Techstars++ and is launching with the Mayo Clinic. Here’s a description from the announcement:

Techstars++ offers companies from across the Techstars network the opportunity to extend their Techstars experience by spending time on site and engaging deeply with a relevant corporate partner. For example, after completing Techstars, healthcare-oriented companies can spend two weeks at the Mayo Clinic exploring business development opportunities and other synergies. A full time Techstars Program Director will reside on-site and work closely with the startups and the corporation to help maximize the opportunity. There is no charge to Techstars companies to participate in Techstars++.

In the past, I’ve wondered if general tech accelerators like Techstars were the right approach for healthcare startup companies. There’s so much that’s different in healthcare that you need to make sure you have someone who understand the healthcare culture. I still think this is a major challenge for a healthcare startup in Techstars, but this 2 week residency at Mayo Clinic is a good step towards opening customer doors for healthcare startups in these programs. They should then expand the program to include a medium and small size hospital as well. Having those three categories of hospitals on board is incredibly important when launching a health IT company to the hospital world.

December 17, 2014 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.

Sprint and Techstars Mobile Health Accelerator

Not that we needed another mobile health accelerator, but I was really intrigued by the companies that are backing this mobile health accelerator. First, besides loving healthcare IT, I also love the startup community. I consider myself more of an entrepreneur than a journalist, but no doubt I have parts of both in me. As part of that love, I addictively read a venture capitalist, Brad Feld’s blog. So, I was really intrigued by his post announcing the new “Powered by TechStars” Mobile Health Accelerator with Sprint.

I also find it interesting that this is the second mobile health accelerator that is Powered by TechStars (Nike+ Accelerator was the first).

We’ll see what comes out of the accelerator. I have a lot of confidence in the TechStars mentorship approach to accelerators. Plus, Sprint has some deep pockets and it seems every telco is looking at how to do mobile health. Although, I was a bit surprised to see Sprint’s name on this since I haven’t seen their name at the various mobile health events I’ve attended. Instead, that’s usually been dominated by Verizon, AT&T, and Qualcomm. We’ll see if that changes at this year’s mHealth Summit.

If you want to be part of this mobile health accelerator in Kansas City, they’re accepting applications.

October 21, 2013 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.