GE and StartUp Health, an academy for health entrepreneurs, today announced a new three-year program designed to accelerate growth for consumer health companies. The program is part of GE’s healthymagination initiative, a $6 billion global commitment to provide better health for more people by improving the quality, access and affordability of care. Qualified consumer health companies may apply to the program starting today at http://startuphealth.net/GE.
The program will help early-stage consumer health companies navigate the challenges of building successful companies by providing access to GE’s executives and technology experts; training on scaling business operations; and a GE leadership mentor. The program also offers a virtual commercial laboratory where GE and StartUp Health will create opportunities for partnerships, customer development, and pilot programs to test products and business models.
Sue Siegel, CEO, GE healthymagination, said, “Entrepreneurs seek an environment where their great ideas can incubate and flourish. We are happy to join StartUp Health to cultivate an atmosphere that accelerates growth and serve as a resource for young consumer health companies working to improve quality, access and affordability of healthcare.”
Rafael Torres, healthymagination fund leader, GE Ventures said, “One of the biggest challenges for young companies is the ability to scale. Often access to a market or specific domain training can stand in the way of growth. Working with StartUp Health, our goal is to make connections, provide expertise, and enable collaborations to help these consumer health companies grow.”Steven Krein, co-founder and CEO of StartUp Health said, “We have a synced vision with GE healthymagination -- to build things that matter and will make a big difference. This is the same spirit of so many entrepreneurs who are passionately working on solutions that will transform healthcare.” Unity Stoakes, co-founder and president of StartUp Health said, “We’re thrilled to partner with GE healthymagination to help emerging consumer health companies innovate and grow. Virtually every aspect of healthcare is being re-imagined and there’s no better way to speed up the cycles of innovation than to provide entrepreneurs with ongoing support, expertise and resources to grow their business.”