TechCrunch reports that DreamIt Ventures in Philadelphia is launching a four-month program with Independence Blue Cross and Penn Medicine to create Philly's first healthcare accelerator, seeding selected companies with up to $50,000 in capital.
Like other DreamIt programs, the health accelerator’s program will end in a Demo Day, at which all companies will present their businesses to an audience of investors and healthcare organizations. The advantage for entrepreneurs in working with DreamIt is that that the accelerator has already launched 80 companies over the last four years across its TechStars-like national network. The accelerator was founded in and runs a general accelerator in Philadelphia, where it’s currently incubating 15 companies.
Original source: TechCrunch
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