NYCEDC and Health 2.0 Announce Launch of PILOT Health Tech NYC
New Program Designed to Grow Healthcare Technology Innovation and Entrepreneurship in New York City
10 Innovative Pilot Projects Annually Will Be Provided Up to $100,000 Each
New York City Economic Development Corporation (NYCEDC) and Health 2.0 today announced the launch of PILOT Health Tech NYC, a new program designed to dramatically increase innovation and collaboration within New York City’s health technology sector. PILOT Health Tech NYC will partner early-stage companies in health technology with key New York City healthcare service organizations - including hospitals, physician clinics, pharmaceutical companies, and nursing associations - in order to pilot and advance new technologies. The program will provide funding of up to $100,000 each to 10 innovative pilot projects annually in New York City. Each pilot project will be focused on addressing defined needs of the healthcare industry and testing a technology prototype in a healthcare setting for a period of approximately three to six months. PILOT Health Tech NYC is part of a larger suite of NYCEDC initiatives designed to strengthen the life sciences and healthcare technology sectors.
“While New York City’s life science and healthcare technology sectors are already strong, we know there is even more that we can achieve,” said NYCEDC President Seth W. Pinsky. “This innovative program – which is part of a larger suite of initiatives - will advance new, cutting-edge technologies that will allow this sector and our entire City economy to thrive for decades to come. I would like to thank our partners Health 2.0, StartUp Health, and Blueprint Health for their continued support in this important effort.”
“Health 2.0 is thrilled to be working with NYCEDC and partners to launch this innovative program, which will play an important role in the transformation of the health system not only in NYC, but all around the world,” said Jean-Luc Neptune, Senior Vice President at Health 2.0.
PILOT Health Tech NYC is an important piece of the City’s ongoing efforts to leverage recent momentum and position New York City as the nation's hub for healthcare technology. NYCEDC and Health 2.0 have also worked in close partnership with leading health organizations StartUp Health and Blueprint Health on the program, which - in addition to the grant of up to $100,000 – will provide winners with pilot planning and implementation support services, informational workshops, and promotion at major health events and conferences. Facilitated “matchmaking” sessions are also provided in order to partner the early-stage companies with key healthcare service organizations. Matchmaking sessions are scheduled for February 20 and 21, 2013 and requests for the sessions are due on February 10, 2013. Full proposals for the program are due by May 27, 2013. Additional information is available at www.pilothealthtechnyc.com.
"Pilot Health NYC is another example of the amazing ecosystem that is emerging in New York City for health technology entrepreneurs," said Unity Stoakes, co-founder and President of StartUp Health. "It's collaborative programs like this that will help jumpstart innovation and help more startups build sustainable growth businesses."
"Through the PILOT Health Tech NYC initiative, Blueprint Health furthers its mission of supporting entrepreneurs and growing health tech companies,” said Josh Bowen, Partner, Blueprint Health. “These innovators address relevant problems of both cost and care quality for forward thinking healthcare service organizations. With many of the largest provider organizations located here in the city, Blueprint Health believes there is no better place in the country to create, pilot, and grow a sustainable healthcare business."
A number of top New York City institutions have expressed their interest in the program and in potentially hosting pilot projects, including VillageCare, a community-based, not-for-profit organization serving persons living with HIV/AIDS, seniors and individuals in need of continuing care and rehabilitation services.
“We’re excited about our participation in PILOT Health Tech NYC,” said Michael Monson, VillageCare’s chief administrative officer and vice president for residential care. “This is a unique program that will allow us to meet innovative companies and potentially pilot new health technologies that can help us better serve our patients."
New York City is home to an increasingly robust healthcare sector, which includes world-class academic medical centers, top pharmaceutical companies, as well as numerous physician practices, nursing associations and clinics. There currently exists a significant opportunity for entrepreneurs, companies, and healthcare organizations to tackle complex healthcare issues using innovative technologies in order to improve patient care while reducing healthcare costs.
New York City Economic Development Corporation is the City's primary vehicle for promoting economic growth in each of the five boroughs. NYCEDC's mission is to stimulate growth through expansion and redevelopment programs that encourage investment, generate prosperity and strengthen the City's competitive position. NYCEDC serves as an advocate to the business community by building relationships with companies that allow them to take advantage of New York City's many opportunities. Find us on Facebook or follow us on Twitter, or visit our blog to learn more about NYCEDC projects and initiatives.
About Health 2.0
The conference. The media network. The Innovation Community. The Health 2.0 Conference is the leading showcase of cutting-edge technologies in health care, including Online Communities, Search and lightweight Tools for consumers to manage their health and connect to providers online. The Health 2.0 Developer Challenge is a series of prize competitions promoting health technology innovation. Health 2.0 also has its own media channels, Health 2.0 News and Health 2.0 TV; its own market intelligence service, Health 2.0 Advisors; and also sponsors the Health 2.0 Accelerator industry consortium. Health 2.0 was founded by Indu Subaiya & Matthew Holt in 2007 and is now a community of hundreds of organizations and thousands of innovators. For more information, visit www.health2con.com or find us on Facebook and Twitter.