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Health IT Accelerator Formed, Seeks Entrepreneur Applicants

Formula one race cars (Bob Bob/Flickr)Tigerlabs, a support center for start-up companies in Princeton, New Jersey, is forming an accelerator program for new companies in health care information technology. The program, known as Tigerlabs Health, is scheduled to begin in February 2013, and accepting applications through 15 November 2012.

The accelerator program will provide $20,000 in seed funding, mentorship, Microsoft business software, professional seminars, and space in the organization’s co-working facility in Princeton. The program’s three-month agenda concludes with a demo day where participating teams give presentations about their companies to investors and industry executives.

Tigerlabs says it will consider applicant teams with ideas in mobile, software-as-a-service (SaaS), and big data platforms. Ideas covering better health care delivery, disease management, integrated care, and improved payment models will likewise be considered. In addition, Tigerlabs seeks teams with ideas on diagnostics, remote monitoring, virtual care, remote therapy, and drug adherence.

The group says its proximity to medical centers and major pharmaceutical companies in the region, such as Merck and Johnson & Johnson, makes it possible to connect start-ups with potential investors and customers. In addition to seed funding, training, work space, and software, Tigerlabs Health says it will also provide start-up teams with legal, financial, marketing and design counseling.

Tigerlabs says it has 11 companies now in its Tigerlabs Commons shared work space. A separate Tigerlabs University summer program serves student entrepreneurs at Princeton and six other campuses in the U.S. and U.K.

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Hat tip: MedCity News

Photo: Bob Bob/Flickr

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