GrantExec, a Euna Solutions® company

Fresh Food Access Fund 2024

Contact for amount
Closed
WI
Grant Description

The HealthTech Accelerator is a 90-day tech business accelerator specifically designed for pre-Series A HealthTech startups. This program focuses on critical areas within the health technology sector, including Digital Health, Healthcare Services, Health Sustainability and Wellness, Medical Devices and Equipment, Software, Femtech, Augmented Reality, Virtual Reality, PharmacyTech, Wearables, and Quantified Self. The program is an initiative of Tampa Bay Wave, a nationally recognized nonprofit, in partnership with the University of South Florida Research & Innovation, The Florida High Tech Corridor, and the U.S. Economic Development Corporation, among others. These partnerships align with the broader mission of fostering innovation and economic growth within the health technology landscape. The primary target beneficiaries of this accelerator are HealthTech startups that are in their pre-Series A funding stage. The program aims to support businesses that are built with proprietary technology, creating next-generation health technology products and solutions. The overarching impact goal is to accelerate the growth and market validation of these innovative startups, ultimately contributing to advancements in healthcare and wellness. By providing structured programming and access to a robust network, the accelerator seeks to empower these companies to overcome common startup challenges and achieve sustainable growth. The program prioritizes companies with dedicated management teams of at least two full-time individuals, demonstrating a serious commitment to their venture. A key focus is on market validation, requiring applicants to show proof that their products or solutions address a real market need. The accelerator also seeks investable and/or scalable businesses with viable business plans and a financial runway of at least 6-12 months. While not strictly requiring relocation, selected companies must plan for on-site participation in Tampa, FL, during each of the three blocks of programming, emphasizing the importance of in-person engagement and collaboration. The expected outcomes for participating startups include enhanced business development, refined proprietary technology, and increased market readiness. Through the 90-day program, companies are anticipated to strengthen their business models, expand their professional networks through partnerships with entities like Accenture, hospitals, health systems, and healthcare-specific VC funds, and improve their readiness for investment. Measurable results would likely include progress in product development, securing follow-on funding, customer acquisition, and overall business growth, all contributing to the program's strategic goal of fostering a vibrant health technology ecosystem.

Funding Details

Award Range

Not specified - Not specified

Total Program Funding

Not specified

Number of Awards

Not specified

Matching Requirement

No

Eligibility

Eligible Applicants

For profit organizations other than small businesses
Nonprofits

Geographic Eligibility

Milwaukee

Key Dates

Application Opens

May 13, 2024

Application Closes

May 27, 2024

Contact Information

Grantor

City of Milwaukee

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Food and Nutrition
Health
Business and Commerce
Arts
Infrastructure