Frequently Asked Questions
About StartUp Health
- What is the StartUp Health Academy?
The StartUp Health Academy is a global three-year program designed to help digital health startups scale and increase equity value. The Academy has a structured curriculum focused on four pillars to facilitate sustainable growth: capitalization & fundraising, customer & partner development, team & advisory board building and strategy & packaging.
- What is StartUp Health’s business model?
In addition to industry partners and investors who help fund the infrastructure, StartUp Health earns equity in the startups enrolled in the Academy. We receive between 2-10% stock based on milestones each company has achieved.
- What is a Healthcare Transformer?
Healthcare Transformers are the select entrepreneurs who are part of the StartUp Health Academy. They are extraordinary and passionate entrepreneurs and innovators on a mission to solve one of the great challenges of our time: fixing a broken system by reinventing and re-imagining health and wellness.
- Is there an application deadline?
There is a deadline each quarter to apply to be considered for the upcoming class, however, we review applications in the order they are received.
- Can a company reapply?
We do reconsider applications each quarter and encourage you to update us on your company’s key milestones.
- Does StartUp Health sign non-disclosure agreements?
We do not sign NDAs based on the volume of applications, however we respect the confidentiality of each application and will not share it with anybody outside of StartUp Health. We ask entrepreneurs to provide us with only as much information as they are comfortable sharing. Keep in mind that we will be able to better evaluate each application with more information.
- Does StartUp Health consider companies from outside the United States?
Yes, we currently have companies representing five countries. Everyone accepted into the program must be able to travel to the U.S. for our quarterly summits.
Selection Process and Criteria
- What are the selection criteria?
We evaluate companies on a holistic basis and consider several components including the product, team, business model, and traction.
- What types of companies can apply to join StartUp Health?
The Academy includes companies that have anywhere from small seed funding to series B funding. Applicants of all stages are encouraged to apply.
We do not consider traditional pharmaceutical drug development or biotech companies at this time. We do consider all companies under the digital health and wellness umbrella.
Over a quarter of companies in the Academy have graduated from an accelerator or incubator including Blueprint Health, Health Box, New York Digital Health Accelerator, Rock Health and other global programs.
Yes. While there is an advantage to a full-time team, having a part-time co-founder is not a disqualifying factor to acceptance in the Academy.
- What is the cost to participate in StartUp Health Academy?
Aside from the equity component, startups pay their own travel (air/rail and lodging) expenses to attend quarterly Healthcare Transformer Summits and other opt-in industry exhibit/demo opportunities.
- What are the benefits of joining StartUp Health Academy?
We focus on helping each company gain access to customers, pilot programs, strategic partners, talent, and capital needed to build a successful growth business. Additionally, we provide the education, tools, and coaching required to help you navigate the challenges of building a company in the digital health sector. One of the biggest advantages to participating in StartUp Health is having access to the networks and peer groups to help propel your business forward.
- Does StartUp Health provide seed capital to companies in the Academy?
We do not provide seed capital.
- Does StartUp Health help with customer development?
That’s our goal. We maintain a broad network of relationships at every level of the broader health and wellness ecosystem and will present you with numerous opportunities to meet and interact with potential customers. Ultimately, it is up to each company to close customers, but we will do everything we can to help refine sales efforts.
- Does StartUp Health help with the capitalization process?
While our focus is on customer development, we maintain relationships with a vast network of both angel and institutional investors, as well as strategic companies seeking to invest in growing health and wellness companies. We provide countless opportunities for you to meet and interact with this powerful network and coach you to best position yourself to receive required additional funding.
- What is the curriculum?
Our curriculum focuses on modules for capitalization and fundraising, customer and partner development, team and advisory board building, as well as strategy and packaging.
- How much time do I have to commit to get the most out of the program?
We have specifically designed a structured curriculum and program to provide maximum impact at regular intervals. Aside from our quarterly in-person Healthcare Transformer Summits, our programming is opt-in and we encourage entrepreneurs in the Academy to leverage the resources and opportunities provided.
- Do entrepreneurs have to relocate to participate?
No, our programming is developed to accommodate individuals across the globe. Entrepreneurs are required to attend in-person quarterly Healthcare Transformer Summit.