Pilot Health Tech NYC 2014
Pilot Health Tech NYC provides a total of $1,000,000 in funding to 10 or more innovative pilot projects to take place in New York City. The program seeks to match early-stage health or healthcare technology companies ('innovators') with key NYC healthcare service organizations and stakeholders ('hosts'), including hospitals, physician clinics, payors, pharma companies, nursing associations, major employers and retailers. Each pilot project will test a technology prototype in a healthcare setting for a period of approximately 4-9 months.
New York City is a bustling healthcare ecosystem consisting of major stakeholders, including large provider groups, academic medical centers, payors and pharma companies. Meanwhile, NYC’s many employers and retailers invest millions in employee and consumer wellness. With health on the national agenda and New York City's tech sector taking off, there is a significant opportunity for entrepreneurs and companies to take healthcare complexities into their own hands. In fact, New York City saw two times as much funding invested in healthcare companies in 2013 than in 2010 and the number of startups tripled in that same time frame. These companies have bold visions to use technologies to reduce costs, improve patient care, and tackle health issues, large and small.
The New York City Economic Development Corporation (NYCEDC), in partnership with Health 2.0, launched Pilot Health Tech NYC in 2013 to leverage this momentum and position New York City as the nation's hub for healthcare technology.
Now in its second year, the program aims to:
- Encourage the development and scaling of new technologies that address the Affordable Care Act to improve clinical care, reduce healthcare costs and boost consumer wellness;
- Assist early-stage companies in building long-lasting relationships with NYC health and healthcare stakeholders; and,
- Lay the groundwork for the creation and growth of new businesses in NYC.
The program helps innovators and hosts "match" with each other through facilitated matchmaking sessions, and seeks innovators and hosts to submit joint proposals for innovative pilot projects to take place in New York City.