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.

About the author

John Lynn

John Lynn

John Lynn is the Founder of the HealthcareScene.com, a network of leading Healthcare IT resources. The flagship blog, Healthcare IT Today, contains over 13,000 articles with over half of the articles written by John. These EMR and Healthcare IT related articles have been viewed over 20 million times.

John manages Healthcare IT Central, the leading career Health IT job board. He also organizes the first of its kind conference and community focused on healthcare marketing, Healthcare and IT Marketing Conference, and a healthcare IT conference, EXPO.health, focused on practical healthcare IT innovation. John is an advisor to multiple healthcare IT companies. John is highly involved in social media, and in addition to his blogs can be found on Twitter: @techguy.

   

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