Cedars-Sinai Medical Center has welcomed 10 new startups to third iteration of its business incubator, the health care outfit announced Tuesday.
The Cedars-Sinai Accelerator – backed by incubator specialist Techstars – began last week at the hospital’s Beverly Grove campus. Program leaders chose 10 companies out of more than 600 applicants from around the globe for the 90-day business development program.
“The innovations these companies bring to the accelerator have the potential to dramatically improve and streamline the delivery of health care,” said Darren Dworkin chief information officer at Cedars Sinai. “Through this program, these, companies will test and improve their ideas.”
The business accelerator provides each company with $120,000 in financial backing along with training, mentors, access to world-class doctors and exposure to a worldwide entrepreneurial network.
Entries from its third class include Aiva Health, a Los Angeles firm that pioneered what it claims is the first bedside voice assistant for patients, hospitals and health clinics. The fall program also includes CancerAid of Sydney, Australia, a mobile app that alerts doctors of unusual patient symptoms, and Seattle’s ChoiceMap, an app that helps doctors and patients together identify cancer treatment options.
At the end of three months, the companies will parade their products at a “Shark Tank”-style demo day for investors.