Boston, Mass. (September 10, 2020) -- Today, MassChallenge HealthTech opened applications for its 2021 program. MassChallenge HealthTech accelerates innovation by forming partnerships between later-stage digital health startups with industry-leading organizations to solve some of the greatest challenges in healthcare. Startups that have raised up to $10M in equity-based funding and have generated up to $10M in revenue are invited to apply by October 8, 2020 at 12:00PM (noon) ET.
MassChallenge HealthTech also opened applications for the Fast Track to Scale Accelerator powered by Anthem, Inc., a first of its kind program that matches talented entrepreneurs from around the world with program champions from Anthem and industry-leading employers. The Fast Track to Scale Accelerator is building off the success of its inaugural year by looking for startups with the ability to both reinvent health care and impact whole health with solutions that address social injustice, health inequities and COVID-19. Startups are invited to learn more about the program and apply by October 8, 2020 at 12:00PM (noon) ET.
MassChallenge HealthTech sources applications from digital health startups around the world. Through rigorous judging and matchmaking processes, top digital health startups are matched with industry-leading partners (“Champions”) to work on demonstration projects throughout the six-month program. Throughout the program, Champions help facilitate key introductions, pilots, research, and even investment opportunities to help startups grow their businesses. Startups also get access to scholarships, expert mentorship, tailored curriculum, and an evidence-based goals and milestones process – all at zero cost and for zero equity taken. At the end of the program, top startups will compete for more than $200K in equity-free prizes.
At MassChallenge HelthTech, the wellbeing of our community is extremely important to us. Due to the public health risks associated with the novel coronavirus (COVID-19), MassChallenge HealthTech is planning for a virtual 2021 program, but will make any necessary adjustments if and when it can ensure the safety of the community.
In addition to the 2021 challenges, MassChallenge HealthTech’s partners are collectively focusing on indentifying new solutions to health equity-related challenges. “COVID-19 has laid bare many systemic inequalities that impact the entire continuum of care, and no one should be disadvantaged from achieving such potential because of long-standing health or social inequities. Every person has the opportunity to attain their full potential, and our Champions recognize their part in making the industry better. Startups that apply to MassChallenge HealthTech aren’t applying to an accelerator- they’re applying to transform an industry, and we are excited to see our Champions collaborate with the top health tech startups and tackle massive challenges” said HealthTech Managing Director Nick Dougherty.
At MassChallenge HealthTech’s Finale and Application Launch event that took place on the afternoon of September 10th, prospective startups had the chance to meet face to face with the industry Champions to learn the challenges they are excited to solve in 2021. If you missed the event, you can learn more about the challenges here.
MassChallenge HealthTech’s 2021 program welcomes new partners: P&G Ventures and Mintz Levin.
To submit your application for MassChallenge HealthTech, visit masschallenge.org/about-apply.
For more information about MassChallenge HealthTech, visit https://masschallenge.org/programs-healthtech and follow MassChallenge HealthTech on LinkedIn and Twitter.
MassChallenge HealthTech Champions and Partners
AARP, Accenture, American Medical Association, Anthem, Atrius Health, Becton Dickinson, Beth Israel Lahey Health, Boston Children’s Hospital, Brigham and Women’s Hospital, Commonwealth of Massachusetts, the City of Boston, Goodwin Procter, Harvard Pilgrim Health Care, JP Morgan, Massachusetts Commission for the Blind, the Massachusetts Competitive Partnership (MACP), Massachusetts Department of Developmental Services, Massachusetts eHealth Institute (MeHI), Massachusetts Executive Office of Elder Affairs, Massachusetts General Hospital, Massachusetts Health Policy Commission, MassMutual, Merck, Microsoft, Mintz Levin, MITRE, OSF Healthcare System, P&G Ventures, Sanofi, Takeda, TechSpring at Bay State Health, Vertex Pharmaceuticals, WeHealth Digital Medicine
About MassChallenge HealthTech
Part of the Massachusetts Digital Health Initiative since 2016, MassChallenge HealthTech has formed over 300 partnerships and accelerated over 100 startups, which have raised more than $550M in funding and generated $100M+ in revenue.
Learn more about MassChallenge HealthTech in the 2020 Impact Report here.
MassChallenge is a global network of zero-equity startup accelerators. Headquartered in the United States with locations in Boston, Israel, Mexico, Rhode Island, Switzerland, and Texas, MassChallenge is committed to strengthening the global innovation ecosystem by supporting high-potential startups across all industries, from anywhere in the world. To date, more than 2,400 MassChallenge alumni have raised more than $6.2B in funding, generated more than $3B in revenue, and created more than 157,000 total jobs. Learn more about MassChallenge at masschallenge.org.