New Innov8 For Health accelerator taking health IT startup applications

A new health IT startup accelerator is taking applications for a 12-week business development program that includes $20,000 in startup funds.

The Innov8 For Health Startup accelerator is an outgrowth of Cincinnati's Innov8 For Health initiative aimed at creating jobs, attracting and retaining talent and improving health outcomes through innovation.

"This goes back to the Innov8 for health theme. We want to identify people who have ideas and support and incentivize them down the path of innovation," says initiative founder Sunnie Southern, also founder of ViableSynergy.

The accelerator will take applications until April 30. It's open to any early-stage startups grounded in health IT. Companies outside of Cincinnati must move to the city during the program. It starts June 11 with eight companies.

"The focus is on providing better health care at a lower cost. The range of solutions can be everything from making it easier to select high-quality healthcare providers to making doctor and patient interaction more efficient," Southern says.

Each company selected will receive $20,000; in return, the accelerator will own six percent of the company. Startups will also work with mentors and tackle business development aspects including sales and marketing, branding, technology and operations and navigating government regulations.

Innov8 For Health partners include GE Aviation, C-Cap, Queen City Angels and the Health Foundation of Greater Cincinnati.

The Greater Cincinnati area is particularly suited for healthcare IT innovation, because many health providers here are further along in adopting paperless records and sharing secure, electronic patient information, Southern says.

"We have one of the most mature health information exchanges in the country, Health Bridge. It's really a cornerstone of what makes Cincinnati different; we have this deep expertise in sharing and exchanging data," she says.

By Feoshia Henderson
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