Healthcare Venture Opportunity

One of our students, Jerry Robinson, forwarded this. If you are interested in working with him on this, contact him directly at dvideo@utdallas.edu

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From Jerry:

This is a competition for $35K or so for each group in immediate money – but there is also MENTOR support and more possible funding…

http://healthwildcatters.com/accelerate/

http://healthwildcatters.com/news/

The SKILL SET we learn in A&H is CENTRAL to what will work in INNOVATIVE and DISRUPTIVE INNOVATIVE Health Care…

If you HAVE a good idea – or can contribute – or are interested in making the effort – then it makes sense to give this opportunity consideration….

It’s short notice…  It is a RIDICULOUS TIME-FRAME…   But it wouldn’t stop the Blues Brothers from their mission…    Bill Gates ROSE UP and responded to the challenge, too….

Go to the Health Wildcatters web site & take a look..

If you have interest – then email me & I will respond.   We could get together – with our computers – and pound out some solutions…..   When smart, motivated people get together – then synergy will HAPPEN…

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Let me emphasize that it is the MULTIPLICITY of our A&H skills and experience that can combine to make effective solutions…   so…

Jerry Robinson
ATEC – Student
dvideo@utdallas.edu
Engineer and experienced player in Tech & Entertainment Start-ups.

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From the web site…

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Healthcare Seed Accelerator

Apply to be part of the Health Wildcatters 2013 class in Dallas, Texas.

Application Deadline: 7/10/2013 – Skype office hours: Thu, 6/27 with @hubertzajicek sign up here ohr.me/146dWKy

Apply here:  http://www.f6s.com/healthwildcatters2013

What is a seed accelerator?
Seed investment happens in the early phase of fundraising. It is very difficult to get any angel investors to fund you at this stage. We bridge the gap and make it possible for your startup to be an attractive investment opportunity to angel and VC investors, once you graduate from our program.  You will use this modest amount of money smartly to have the maximum impact on your attractiveness to investors. That means, you will try to de-risk your company as much as you can by furthering development and getting organized. Accelerators bring structure to the chaos that is inevitable in the beginning stages of the life of a startup by providing direction and acting as a sounding board.

What happens at Health Wildcatters?
Health Wildcatters’ focus is early stage healthcare startups that come from a variety of niches. Many healthcare IT, SaaS, digital health and mobile health companies are a fit, but we also encourage medical device, diagnostic and even pharma companies to apply. The main factor will be if Health Wildcatters can add significant value to the startup in the timeframe of 12 weeks. Health Wildcatters is a program derived from Tech Wildcatters, which has been accelerating in Dallas since 2010.

Just like most seed-accelerators, Health Wildcatters provides an initial seed investment and mentorship for startups in the early stages of funding and development. The healthcare niche brings up a few more twists, but that makes it more interesting. The specific challenges of selling into the healthcare market, dealing with regulatory constraints and  the slower pace of adoption are why we are here.

All startups interested can apply to Health Wildcatters through our f6s application form. The competition for the 15 spots is expected to be strong, with a live pitch final event in Dallas. Startups accepted into the program are partnered with mentors, advisors, capital, connections, strategic resources and all the nuts-and-bolts startups need on the professional services side. Health Wildcatters makes an initial investment up to $35,000 in each startup and leads several educational events throughout the 12 weeks.

The program ends with a pitchday for investors in Dallas. Health Wildcatters maintains a strong network of early stage investors in Dallas. We expect startups to pick up some funds from our local network right after graduation out of the program. Health Wildcatters is also ready to invest in some of the startups upon graduation. Some startups will travel to the mHealth summit in DC at the beginning of December and meet with East/West Coast VC’s.

What is the format of the Health Wildcatters program?
Our accelerator program is mentor-driven. This means that the companies that go through Health Wildcatters have access to our extensive arsenal of seasoned entrepreneurs, investors, and mentors. They come from a range of backgrounds; some are serial entrepreneurs with lots of experience, while some are experienced angel investors who can help you navigate through funding waters, others are subject matter experts; finally, we have some great corporate partners that provide a level of access unheard of in most new startups. These accomplished individuals will pair up with the appropriate companies and help answer the questions that will inevitably come up as the business model is shaped. (See list of mentors)

In the first phase of the program, the startup’s business model is the main focus. We want you to be able to reach your goals. We help companies create/tweak/alter their business models.

In the second phase, companies should focus on product development.

In the third phase business development is king. While we are honing the pitching skills the whole time, these last 4 weeks are the most useful because we don’t just introduce you to possible partners etc, we will help make meaningful connections with investors as well.

What kinds of companies do you look for?
Any healthcare startup may apply. Based on our experience healthcare IT companies, digital & mobile health will be well represented. But we fully expect medical devices, diagnostics & even pharma startups to seek to enter the program. You’ll have to convince our evaluators that you’re a good fit for us, that your startup can be helped by our resources in a meaningful way, and that this translates into a significant change in trajectory for your startup (creating value).

What healthcare startups are not a good fit?
Any startup with a long regulatory pathway will have a difficult time making much of a “pop” in 3 months. Similarly, the more involved medical devices will likely be a lesser fit. We don’t anticipate housing any startup physician groups or other service companies which have no significant IP or “secret sauce” as part of the mix.

How much funding will our company get?
Each company receives up to $35K and can receive up to $250K in follow-on funding.

Startups also get to work in our cool office if you want and get access to our free and discounted services.

What does Health Wildcatters get?
We ask for 8% of a company’s common founding stock. We don’t hold any rights to make decisions for your company, so that means that we only want to see you succeed!

Why would I go to Dallas?
Dallas is arguably the most competitive healthcare market in the nation. There are a half dozen major hospital systems competing in one of the most rapidly growing metro-areas in the nation. All aspects of healthcare are well represented here, including insurance companies, hospital groups, physician groups, home healthcare, healthcare IT and so on. Dallas has strengths in IT, wireless, telecom and is one of the entrepreneurial places you could be. We are already home to 25 Fortune 500 companies and our mentors have relationships with most if not all of them. The state is second to none in creating opportunities for people who are willing to take on the risks (and rewards) for pursuing their dreams.

Join us:
Apply to be part of the Health Wildcatters 2013 class in Dallas, Texas.

http://www.f6s.com/healthwildcatters2013

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