During Denver Startup Week later this month, the Prime Health Digital Health Challenge will announce winners of the three-month program which will allow the winners to obtain a portion of the up to $150,000 in award monies to pilot their projects. It's the second year for the challenge.
Health care and digital health care, particularly, is one of the greatest opportunities for entrepreneurs today. With the influx of smart devices and a more connected health care system, opportunities are rampant to serve all communities with new innovations, from developing apps to developing better ways to deliver care. Colorado already has more than 125 digital health startups, according to Prime Health.
The competition will help some of the most advanced test their projects or move them to the next stage in business development. The winners will have a focus on improving patient experience and population health while lower costs of health care.
Last year four finalists, Caring in Place, Cirrus MD, RxRevu and Telespine shared $100,000 in funding. Two other companies received funding through the program. Additionally Telespine and Rx Assurance each received $500,000 investments from The Colorado Health Foundation.
This year, out of the 21 applications 11 were selected as finalists. That number is whittled down to eight. Just before Denver Startup Week (Sept. 24) the finalists will have an opportunity to 'speed date' with health care institutions.
The challenge will culminate During Denver Startup Week on Sept. 30, at the Denver Art Museum, when the eight finalists will pitch live to an institution panel. The winners will receive a portion of $150,000 to pilot their product or projects.
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