Applications are open for HeartX, a cardiovascular-focused healthcare accelerator that facilitates guaranteed hospital pilot projects and clinical trials for accomplished, early-stage companies bringing new cardiovascular innovations to market.
Donor Name: HeartX
State: Arkansas
County: All Counties
Type of Grant: Accelerator
Deadline (mm/dd/yyyy): 07/31/2022
Details:
HealthTech Arkansas and MedAxiom have come together to create a cardiovascular-focused healthcare accelerator that facilitates guaranteed hospital pilot projects and clinical trials for accomplished, early-stage companies bringing new cardiovascular innovations to market. Together, HealthTech Arkansas and MedAxiom use their respective expertise to bring the latest cardiovascular healthcare innovations to the patients who need them most.
Early stage HealthTech companies are encouraged to apply to their virtual program! Five companies are chosen each year to participate, and those five companies receive the following benefits:
- Transfer what you’ve learned in a past accelerator into true clinical engagement.
- Guaranteed pilot projects with at least two Arkansas providers, giving you the chance to improve your product/service/technology and demonstrate value to the providers. These pilots have the potential to convert to commercial contracts based upon the value you demonstrate.
- $150,000 of up-front investment in the form of a SAFE agreement or convertible note.
- Access to the HeartX Fund and their investing partners for potential follow-on investments.
- A clinical mentor assigned to your team from each provider with whom you execute a pilot project. That mentor – in conjunction with the HealthTech Arkansas team – will work exclusively on your behalf to help make your pilot project the most successful it can be.
- No requirement to be onsite for a fixed duration during the program. You’ll fly in and out of Arkansas to work with their providers just as you would with any other pilot project. All other content and communications are conducted remotely by phone and video conference.
- Access to the robust, statewide mentor network assembled by the HealthTech Arkansas team.
Requirements for your participation:
- Be ready to conduct a pilot project on Day 1 of the program. Your technology needs to be built out and validated.
- Have data from other pilot projects.
- You need to have raised at least $500K in external capital.
- Willingness to issue a $50K in-kind investment position to HeartX in exchange for the value of being in the program.
- Willingness to accept $150K of up-front investment in the form of a SAFE or convertible note, with a cap and discount rate negotiated with the HeartX team.
For more information, visit HeartX.
