September 10, 2019 (Boston) – MassChallenge, a global network of zero-equity startup accelerators, today opened applications for the 2020 cohort of MassChallenge HealthTech. MassChallenge HealthTech accelerates innovation in the healthcare industry by connecting later-stage, digital health startups with industry champions to address some of our greatest healthcare challenges. 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, 2019 at 12:00PM (noon) ET.
“The challenges set forth by our Champion partners represent massive opportunities for collaboration and impact. Startups that apply to MassChallenge HealthTech aren’t applying to an accelerator; they’re applying to transform an industry,” Nick Dougherty, Managing Director of MassChallenge HealthTech.
To celebrate the launch of the 2020 application, MassChallenge HealthTech invites the digital health community to attend its event on Thursday September 12, 2019 6:00PM, sponsored by SoftServe, at the Microsoft NERD Center.
MassChallenge HealthTech sources applications from the world’s best digital health startups. Following a rigorous judging process, MassChallenge HealthTech matches the top startups with prominent strategic partners (“Champions”) to work on demonstration projects throughout the six-month program. During 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 free office space in Boston – 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.
Launched as a strategic component of Massachusetts Digital Health Initiative in 2016 and fueled by public-private partnerships, MassChallenge HealthTech have launched over 270 partnerships and accelerated 90+ startups that have generated over $52M in revenue, raised over $378M in funding, and created over 1,200 jobs. MassChallenge HealthTech’s 2020 program welcomes several new partners including American Medical Association, Anthem, Dana Farber Cancer Institute, and SoftServe.
To submit your application for MassChallenge HealthTech, visit masschallenge.org/about-apply.
About MassChallenge HealthTech
MassChallenge HealthTech accelerator has been apart of the Massachusetts Digital Health Initiative. Learn more about how MCHT fits into the digital health ecosystem in the Digital Health Council Report.
Learn more about MCHT 2019 Impact Report here.
MassChallenge HealthTech Partners
Commonwealth of Massachusetts, the City of Boston, the Massachusetts Competitive Partnership (MACP), Vertex Pharmaceuticals, the Massachusetts eHealth Institute (MeHI) at MassTech, AARP, Accenture, American Medical Association, Anthem, Atrius Health, Beth Israel Lahey Health, Boston Children’s Hospital, Brigham and Women’s Hospital, Dana Farber Cancer Institute, First Republic Bank, GlaxoSmithKline, Goodwin Procter, Harvard Pilgrim Health Care, Humana, Massachusetts Commission for the Blind, Massachusetts Department of Developmental Services, Massachusetts Executive Office of Elder Affairs, Massachusetts Health Policy Commission, Massachusetts General Hospital, MassMutual, Microsoft, Optum Ventures, OSF Healthcare System, Partners Healthcare Pivot Labs, Sanofi, SoftServe, Takeda, TechSpring at Baystate Health, WeHealth Digital Medicine
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 2,300 MassChallenge alumni have raised more than $5 billion in funding, generated more than $2.7 billion in revenue, and created more than 136,000 total jobs. Learn more about MassChallenge at masschallenge.org.