DreamIt Ventures Teams Up With Blue Cross, Penn Medicine To Launch An Accelerator For Health Startups

via TechCrunch, Rip Empson

While accelerators may be in a bubble, they’re also beginning to have a measurable, positive impact on the ecosystem. The real opportunity, though, is not in creating another Y Combinator, but in building vertical-specific accelerators that bring together industry partnerships to create learning and business opportunities for their startups. In healthtech, there’s Rock Health, Blueprint, Healthbox, New York Digital Health Accelerator and Startup Health to name a few.

The roster is growing, and today we have another addition to the list from veteran accelerator DreamIt Ventures. Today, DreamIt is partnering with Independence Blue Cross (IBC) and The University of Pennsylvania Health System (Penn Medicine) to create a digital health accelerator, designed to provide with entrepreneurs with the resources they need to take advantage of opportunities in the changing landscape of the health industry.

The four-month program, which DreamIt says makes it Philadelphia’s first healthcare accelerator, will seed its chosen companies with up to $50K in capital (it will be taking a collective 8 percent stake in its startups), along with providing office space, mentoring and coaching from industry experts as well as access to critical health care-specific resources thanks to IBC and Penn Medicine.

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