Healthcare accelerators and incubators have been re-evaluating how they work with startups, such as dropping the investment for equity formula that so many started with. But a quarterly health IT investment report from Austin-based Mercom Capital Grouppoints to these groups continuing to play a role in early stage investment.
In the third quarter of 2016, 47 of the 87 deals at $2 million or less involved either an accelerator or incubator compared with 12 such deals in the second quarter, according to an executive summary of the report. For the third quarter last year, there were 69 early-stage deals under $2 million, including 22 accelerator and incubator deals, Mercom Capital CEO and Co-founder Raj Prabhu noted in response to follow-up questions. There were only 55 deals involving accelerators and incubators for all of 2015, Prabhu said. There have been 74 accelerator and incubator deals for year to date, Prabhu added.
Earlier this year 500 Startups took the wraps off of a dedicated digital health program, as did MassChallenge. But several accelerators dedicated to digital health that have been around since 2011 or longer have been making changes to their approach. Some have backed away from a traditional three-month program in favor of long-term sustainability, building funds with strategic investors and customized programs for payers, integrated health systems and other healthcare stakeholders. Although GE Healthcare is a partner with StartUp Health for its StartUp Health Academy, GE pledged to invest $50 million in an accelerator to foster digital health startups in developing countries. For the full article click here
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