Searching for its second cohort, the Greater Manchester Future of Health Challenge
is a 12-week healthtech accelerator for startups and post-revenue scaleups.
Held at dedicated technology hub The Landing in MediaCityUK, it offers a package of masterclasses, coaching, mentoring, introductions and pitching opportunities.
Paul Billington, MD at The Landing, says its organisers are looking to build on the “huge success” of the accelerator’s first run two years ago. Deadline for entries is 18th July 2019, successful applicants will be notified by 20th August 2019 and the programme begins on the 10th September 2019.
We spoke to Billington to find out more.
Why have you launched the accelerator?
The UK is home to more billion-dollar technology companies, aka ‘unicorns’, per capita than anywhere else in the world. The first Future of Health accelerator, which ran in partnership with PwC in 2017, was deemed a huge success. Every participating firm secured investment or new business opportunities off the back of the 12-week programme. Investment in the cohort companies ranged from £500k – to £17 million.
How will the accelerator support its cohort?
We will be offering masterclasses, coaching, mentoring, introductions and pitching opportunities. Additionally, companies taking part will be provided with help setting KPIs aligned to increasing revenue growth and advised how to secure market traction through engagement with corporates and commissioning bodies.
Participating companies will enjoy executive-level introductions through an extensive network of thought leaders, industry executives and HealthTech specialists. And those taking part will also have the opportunity to pilot their new technologies, and pitch their proposition, to healthcare organisations and potential investors.
Programme partner Google has further enhanced the offering with a series of awards available for the participating companies with the leading start up being given the chance to win $100,000 in Google cloud credits, including access to Google Healthcare APIs and expert support and technical enablement through architecture and design sessions.
What makes this accelerator stand out from others?
This is a game-changing accelerator if you are a startup or scaleup in the healthcare space. It is a fantastic opportunity to gain unrivalled access to the healthtech ecosystem through our close partnerships with industry, the NHS and intelligent, engaged investors. Unlike other accelerators, our programme is free for participants.
All partners are committed to working collaboratively, smartly and innovatively with digital technology and data science to deliver meaningful results for the benefit of patients.
How will you benefit? Do you take any equity?
Unlike other accelerators, this programme is free for the participants. We’re not looking for cash or equity – just highly committed teams with the potential to really make an impact.
Why The Landing – and Salford – for the accelerator?
As mentioned, this year’s 12-week accelerator commences on 10th September and will be held at dedicated technology hub, The Landing which lies in the heart of MediaCityUK. The Landing has developed a specialism in digital health and is fully geared up to help drive this programme.
What partners are involved in the accelerator programme?
The GM Future of Health Challenge accelerator is run by tech investment and accelerator specialists UP Ventures and delivered in partnership with Novartis, Push Doctor, Google, The Landing at MediaCityUK, Salford Royal NHS Foundation Trust, Salford Digital, Health Innovation Manchester and Apadmi.