A Techstars healthcare accelerator giving startups access to roughly 1,800 Permanente Medicine physicians.
- The offer:
- $220k per company
- Location:
- Washington, DC, United States
- Duration:
- 12 weeks
What you need to qualify
- Early-stage company transforming healthcare delivery, making it more accessible, personalized and efficient.
- A solution that could thrive in a value-based care environment, enhancing patient outcomes, reducing costs and improving care experiences.
- Techstars states that the best applicants combine deep insight into a structural problem in healthcare with a team capable of executing against it.
- Fit with one of the six program themes: care at home, chronic care and aging, women's health, administration of care, friction reduction, and building trust in clinical care.
- Willing to take part in a program anchored in the Mid-Atlantic states, covering Washington D.C., Virginia and Maryland.
- Accepts the standard Techstars deal: a $20,000 convertible equity agreement for 5 percent common stock plus a $200,000 uncapped MFN post-money Safe.
Eligibility
- Eligible stages
- All stages
- Countries
- Global, subject to the provider’s eligibility and approval
How to apply
- 1
Read the application preview first
Techstars publishes the full question list at techstars.com/application-preview. It states that it takes most teams anywhere from one to four hours to complete their application for the first time, so draft the answers before you open the form.
- 2
Fill in the Founder Profile section
The application opens with basic information about you: first name, last name, title, contact email, current location, Linkedin URL, phone number, and whether you are working on your startup full time.
- 3
Complete the company section
Answer the company questions on the problem, the product, relevant industries, the team, traction, revenue and funding, how you make money, target audience, competitors, competitive advantage, why now, customer acquisition and next major milestones.
- 4
Prepare three media uploads
One form field asks for a product demo video, a pitch deck, and a team introduction video. This is the step founders most often start late, because it needs assets recorded outside the form.
- 5
Choose Techstars Healthcare Accelerator powered by Permanente Medicine in Program Selection
Program Selection is an optional step in the form where you pick your preferred accelerators from those currently accepting applications. If this program is not in the list, its window is not open.
- 6
Submit through the Techstars apply portal
The Apply Today button on the program page goes to apply.techstars.com, which is where the application is submitted. Techstars notes you are able to update sections with new information as your company continues to develop.
- 7
Interview rounds and the screening committee
Techstars states you may receive an invitation to interview anytime between one and four weeks after the application deadline. First and second round interviews cover your competitive advantage and past accomplishments, then finalists meet a screening committee of the managing director and program manager, program mentors, corporate partners, other Techstars team members, alumni and subject matter experts virtually before a final decision.