Healthbox, a startup accelerator dedicated to founders who want to build something in and for healthcare, is coming to Europe. Until now, the initiative had only been open to US based entrepreneurs, which major events happening in Boston and Chicago.
A so-called “accelerator” is a great idea. An Entrepeneurs problem in the early days if by definition “experience”. With a vast network of mentors an accelerator program, like Healthbox, are often an important starting point for first time founders. Thus, if you are a physician, interested in starting your own business, then this might be just the right place to go to. Here’s a list of startups that have evolved from the US events and we are eager to see the quality of startups here in Europe.
Unfortunately, in our experience, the quality, in terms of founders dedication, team, business case, pitching to execution, of healthcare startups is inferior to other tech genres, such as dating or e-commerce. But the spread of accelerators (or comparable “incubation” models such Rock Health, BluePrint Health and various others) is clearly helpful to make the health startup space itself more professional and “investor-friendly”.
No matter which accelerator you chose to apply for we suggest checking out the “terms” in advance. It makes a big difference whether money is being invested in return for equity or if it’s “only” grants that are being give to the startups. Healthbox kicks off in October when 10 teams of entrepreneurs will be able to secure an initial £75,000 of seed capital, access to the mentors network, as well as use of their London offices.
Applications for interested startups and entrepreneurs in Europe are now open and accessible via this link.