Process | NY Digital Health Accelerator

Evaluation

Each application was reviewed by a selection committee that included participating provider leadership, venture capital participants, clinicians, and technology experts.
The committee selected eight companies to participate in the Accelerator Program. Criteria for selection included: product innovation in focus areas, management’s track record, and company stage.

Access to clinical and technology feedback from the participating provider organizations.
Technology experts to help customize and integrate products to the statewide network that integrates all of the EHR data across the state.
Participation in a leadership program in which companies will be able to interact with a network of healthcare leaders, successful entrepreneurs, and investors.
Access to the NYeC-led EHR/HIE Interoperability Workgroup network of providers, states, and vendors from across the country.

Each selected company will receive up to $300,000 of capital: $100,000 at the start of the program and an additional $200,000 at the four-month checkpoint if the company meets predefined milestones set by the venture capital and provider organization participants.
Capital provided will be structured as a note convertible into the next round, with a small warrant coverage.

April 26 – Call for Applications opens
May 10 – Information Session
June 11 – Applications Due
July 9 – Top 20 Finalists Notified
July 19 & July 20 – Finalist Interviews in NYC
September 24 – Kick-Off Event, Program Starts
October 15 & 16 – Digital Health Conference 2012, Companies Officially Announced