GE Partners with Startup Health to accelerate consumer health innovation with the launch of three-year entrepreneur program for consumer health companies
GE and StartUp Health, an academy for health entrepreneurs, today announced a new three-year program designed to accelerate growth for consumer health companies. The program is part of GE’s healthymagination initiative, a $6 billion global commitment to provide better health for more people by improving the quality, access and affordability of care. Qualified consumer health companies may apply to the program starting today at http://startuphealth.net/GE.
Rafael Torres, healthymagination fund leader, GE Ventures said, “One of the biggest challenges for young companies is the ability to scale. Often access to a market or specific domain training can stand in the way of growth. Working with StartUp Health, our goal is to make connections, provide expertise, and enable collaborations to help these consumer health companies grow.”
The three year program will provide expertise, resources, and growth opportunities for consumer health companies. The program also offers a virtual commercial laboratory where GE and StartUp Health will create opportunities for partnerships, customer development, and pilot programs to test products and business models.
Steven Krein, co-founder and CEO of StartUp Health said, “We have a synced vision with GE healthymagination — to build things that matter and will make a big difference. This is the same spirit of so many entrepreneurs who are passionately working on solutions that will transform healthcare.”
Qualified consumer health companies may apply online between January 8, 2013 and February 8, 2013 at startuphealth.net/GE. Companies that have previously applied to StartUp Health will also be considered and can update their original applications online. The selected finalists will be announced after a formal review process by GE and StartUp Health. Companies will be evaluated on the following criteria:
- Focus on better quality and more affordable health care for consumers
- Unique technology and/or service that transforms health
- Potential to be a stand-alone business
- Large market and scalable business model
- Monetization strategy
For more information on the application please visit: startuphealth.net/GE