Business Development for “Scale-up” Health IT Companies
NEWARK, NJ Nov 28, 2018 – The New Jersey Innovation Institute (NJII), an NJIT Corporation, is calling for applications to participate in the 10th cycle of the Health IT Connections program, set to kick off on March 1, 2019.
The Health IT Connections program was established in 2014 to grow the health IT cluster in the region by supporting growth-stage health IT entrepreneurs through intensive training and mentoring. In addition, the program helps drive cluster growth by connecting businesses to new customers, strategic partners and suppliers. The program is funded in part from JPMorgan Chase’s Small Business ForwardSM initiative and there are no fees nor equity owed by entrepreneurs to participate.
Now in its fifth year, the Health IT Connections program has successfully helped 100 companies develop new partnerships and connect to new business opportunities. Reporting companies have achieved annualized revenue and job growth of 46 and 42 percent respectively. The Health IT Connections program has helped develop the overall regional cluster by having hosted and sponsored more than 50 events, including private pitch sessions for executives at a regional medical center.
Judith Sheft, associate vice president of technology and enterprise development at NJII and the recipient of the grant notes, “The primary goal of our program is the growth and development of the Health IT sector in the greater New Jersey/New York region. As a non-profit entity we can serve as an honest broker between the healthcare organizations in need of 21st Century solutions—hospitals, big pharma, insurers, etc.—and the entrepreneurs who are developing tomorrow’s innovations.”
Applications are currently open for Cohort 10 of the Health IT Connections program, slated to meet March 1, 15 and 29t, April 5 and12 and May 3 and 17 (no relocation required).
For more information visit njii.com/healthit or contact:
NJII Associate Vice President of Technology and Enterprise Development. Judith.firstname.lastname@example.org
Application deadline is January 18, 2019.