Techstars Relaunches Los Angeles Healthcare Acceleration Program
Techstars Central, a Boulder, Colorado-based global platform that provides access to capital, mentorship and programming for startup entrepreneurs, is rebooting a healthcare-focused accelerator in Los Angeles.
The company announced Sept. 6 that it is now accepting applications for the first cohort of 12 healthcare companies that will begin a 13-week program in March.
“Techstars has deep experience and an outstanding track record in investing in healthcare, particularly in Los Angeles,” said Matt Kozlov, general manager of the Techstars Healthcare Los Angeles program, in the announcement.
Techstars is a global platform that provides investment and innovation, helping tech entrepreneurs and their teams connect with other startup leaders, mentors, accelerator alumni, investors and corporate partners – all to help their business grow. Locally, according to the announcement, nearly 200 companies have completed a Techstars program in Los Angeles and raised more than $1.4 billion.
Currently, Techstars operates three programs locally: Techstars Los Angeles (in partnership with New York-based JP Morgan Chase & Co.); Techstars Music; and the Techstars space.
Techstars previously co-sponsored a healthcare-focused program in Los Angeles with the Cedars-Sinai Accelerator, which is part of the Cedars-Sinai Medical Center campus in Beverly Grove/West Hollywood.
UnitedHealthcare, a subsidiary of UnitedHealth Group Inc., based in Minnetonka, Minn., was also a sponsoring partner.
The consortium program has led seven cohorts of healthcare start-ups and co-invested in more than 70 companies. But this collaboration ended at the time of the pandemic.
Cedars maintained its accelerator program, while Techstars onboarded healthcare entrepreneurs into its main Los Angeles accelerator program, which is now located in Culver City.
With last week’s announcement, Techstars is once again collaborating with Cedars-Sinai Medical Center and UnitedHealthcare and has added two sponsors: Canton, Massachusetts-based health insurer Point32Health and Irvine-based UCI Health.
Under the 13-week program launching next March in Los Angeles, participating companies will receive capital, mentorship and instruction from the global Techstars network and the US healthcare and health technology ecosystem.
The application deadline is November 30.