Cedars-Sinai, Techstars launch digital health accelerator

By Aditi Pai
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Money TreeCedars-Sinai has announced that it is partnering with Techstars to launch a digital health-focused accelerator in Los Angeles. The accelerator program aims to work with companies that are developing hardware or software offerings that help patients manage and improve their health or help healthcare professionals improve care delivery.

“Cedars-Sinai’s longstanding focus on innovation, quality, and patient-centered care makes this partnership with Techstars a great fit,” Cedars-Sinai CEO Thomas M. Priselac said in a statement. “By helping to accelerate promising new technologies into healthcare, our partnership with Techstars will benefit patients around the country and around the world.”

The accelerator, which plans to accept 10 startups into the program, will offer participants $120,000 in funding as well as three months of mentorship and guidance from senior leadership at Cedars-Sinai and the Techstars network. The program will launch in March 2016.

This isn't the first provider to partner with an accelerator. In December 2014, Mayo Clinic partnered with Techstars for a post-accelerator program, called Techstars++ that provides exposure for entrepreneurs who have completed the Techstars accelerator, though the program may have since been shut down. The Techstars++ website seems to no longer be active.

Another digital health-focused venture from Techstars, The Sprint Mobile Health Accelerator, which first launched in September 2013, recently moved away from digital health. In July, Sprint announced that its accelerator will no longer focus specifically on digital health technologies, and instead will accept startups that are focusing on any mobile technology.

Nike has also partnered with Techstars for two fitness-focused accelerators, the more recent of the two was announced in October 2013. Both accelerators had the goal of supporting companies that would build applications for the Nike Fuel API. Nike has since phased out its Nike+ FuelBand.