Sponsoring Agency: XLerateHealth
Type of Fund: Accelerator, Incubation, Mentorship and/or Training
Deadline Available: Available
Deadline Date (mm/dd/yyyy): 05/28/2021
Size of the Fund: Not Available
Applicants are invited to apply for the 2021 XLerateHealth Accelerator to help promising healthcare startups secure customers and attract funding.
XLerateHealth selects promising healthcare startup companies to participate in an intensive 12-week Accelerator, working with a team of coaches and mentors to support the commercialization of innovative life science, med-tech, and digital healthcare technologies. The Accelerator aims to bring early stage startups to a level where they are attractive to customers and investors.
XLerateHealth looks for early-stage companies and entrepreneurs who are working to find solutions that solve pain points in the healthcare marketplace. Ideal candidates have:
• A team with at least 1 full time committed founder
• Intellectual property (if applicable) with patent filed
• Previous success raising capital and/or revenue positive (desired but not necessary)
• At least an MVP (minimal viable product) that’s ready to pilot
• Coachable founder(s) and team
• Ability to commit to and attend all sessions – virtually or in person.
The XLerateHealth Method
XLerateHealth was one of the first healthcare accelerators to apply Steve Blank’s “Lean LaunchPad” methodology grounded in “Customer Discovery.”
• Customer Discovery
• Customer Validation
• Customer Creation
• Customer Building
This approach allows startup founders to gain exposure to potential customers and continuously iterate their business model by:
• Developing a strong understanding of market pains/needs relative to their business
• Learning how to “get, keep, and grow” a customer base and navigate critical paths to market
• Leveraging essential supply chain and distribution partner relationships
• Establishing a knowledge base of the fundamental economics of building a successful business
Locations
XLerateHealth operates in Louisville, KY and Flint, MI. They accept 5-8 companies in each cohort annually.
• Louisville, KY (Bootcamp Dates: Aug 11, 2021 – Oct 28, 2021)
o XLerateHealth’s team has a unique depth of knowledge in successfully developing healthcare startups. They are enterprise-focused and help early stage healthcare companies validate their business model, build out their commercialization strategy, and attract customers and funding (both dilutive and non-dilutive).
• Flint, MI (Bootcamp Dates: Jul 15 – Sep 23, 2021)
o XLerateHealth’s team has a unique depth of knowledge in successfully developing healthcare and life sciences startups. They are enterprise-focused and help early stage healthcare companies validate their business model, build out their commercialization strategy, and get ready to attract funding (both non-dilutive and non-dilutive).
More information at: https://www.xleratehealth.com/accelerator/
