We are looking for the most promising startups that are addressing these key areas:
- Digital health care platforms
- Health care services
- Medical devices
THE VALUE PROPOSITION
Baptist Health is the largest health care network in the state of Arkansas, with significant resources and expertise across the full spectrum of health care delivery. Arkansas Blue Cross and Blue Shield is the state’s largest health insurer, with an equivalent level of resources and expertise.
The opportunity to build solutions specifically identified by Baptist Health and Arkansas Blue Cross and Blue Shield as areas of opportunity within their organizations.
Direct access to Baptist Health and Arkansas Blue Cross and Blue Shield executives and facilities as part of the mentoring and building process.
The potential to have a beta site within Baptist Health and Arkansas Blue Cross and Blue Shield and a potential contract upon graduation from HubX.
$25,000 of initial seed investment into health care IT and health care services companies, and $50,000 of seed investment into medical device companies. These investments will be structured via a SAFE agreement.
The potential for backend investment from a separate pool of investment capital.
Direct access to Arkansas’ angel investment community, as HubX–LifeSciences is directed by Jeff Stinson, Executive Director of Fund for Arkansas’ Future, the state’s largest angel investment fund.
The accelerator will be housed at the Silver Mine, the entrepreneurial development and co-working facility of the Arkansas Regional Innovation Hub. Cohort companies will have access to the Innovation Hub’s community of web and mobile designers and developers, and the opportunity to gain assistance with prototype design and fabrication through the Launch Pad.
Access to the founders and administrators of the Iron Yard Digital Health Accelerator, a partner with the Innovation Hub in bringing HubX–LifeSciences to Arkansas. The Iron Yard Digital Health Accelerator is listed as one the top five health care accelerators in the country.
An innovative, structured curriculum designed to provide relevant content for early stage health care companies.
HubX–LifeSciences will take place in Central Arkansas, which offers an unparalleled quality of life in a thriving and energetic urban environment. In addition to being the business, political, and cultural center of the state, Little Rock/North Little Rock offers ample outdoor and recreational opportunities, as well as down-home Southern hospitality.
Little Rock is among the top ten cities in the nation with the lowest startup costs, according to smartasset.
Kiplinger’s Personal Finance ranked Little Rock #1 in the USA on its 2013 list of Great Places to Live.
Outside magazine named Little Rock among its Best Towns in 2013, calling it a “runner’s paradise” because of the Arkansas River Trail System, a 34-mile network that loops around the metro area, connecting 38 parks that cover more than 5,000 acres.
Forbes Travel Guide named Little Rock a “secret foodie city” in January 2014, citing its abundance of great restaurants offering everything from gourmet meals to (of course) authentic Southern barbecue.
In addition to its vibrant health care community, Central Arkansas is home to leading companies across a variety of industries, including finance (Stephens Inc.), data analytics (Acxiom), aerospace (Dassault Falcon Jet), information technology (Windstream), biosciences (National Center for Toxicology Research), high-tech manufacturing (Caterpillar, Molex, LM Wind Power, Welspun Tubular), and fashion (Dillard’s).
A recent report said that Central Arkansas has an “emerging economy in which high-quality urban environments seem to provide the backdrop for innovation culture.”
Central Arkansas is within a short drive of some of the most picturesque scenery in the nation, with mountains to the north and west, and the Mississippi Delta region to the south and east. There are innumerable outdoor activities available, from camping, canoeing, kayaking, hiking, and more, as well as the resort cities of Hot Springs and Eureka Springs.
The region has many historic and cultural attractions, including the William J. Clinton Presidential Center & Library, the Central High School National Historic Site, the Old State House, the Arkansas Arts Center, the Arkansas Repertory Theatre, the Arkansas Symphony Orchestra, and much more.
The region boasts a high quality of life and a low cost of living, as well as many excellent public and private colleges and universities.
In 2011, Arkansas was cited by CNBC as having the lowest overall cost of doing business in the nation.
The Kauffman Foundation ranks Arkansas as the 15th most entrepreneurial state in 2011 in its annual report, the Kauffman Index of Entrepreneurial Activity. The calculated index for Arkansas is at 0.34%, which means there are 340 entrepreneurs per 100,000 adults per month in the Natural State.
If you have a promising startup (or startup idea) in the health care sector, you won’t want to miss this opportunity to participate in one of the nation’s most robust accelerator programs.
More info, contact Jeff Stinson at [email protected]