The DigitalHealth.London and Cedars-Sinai Accelerators, two of the world’s top Accelerator programmes, today announce their new partnership supporting international adoption of some of the US and UK’s best health tech companies.
It means patients in both the UK and US should benefit quicker from health tech innovations. The partnership will also utilise the deep healthcare knowledge and networks held by both organisations, to support companies who have taken part in either of the Accelerator programmes, to navigate and gain traction in a new global market. The companies will be given the opportunity to learn from and support their global peers, hear from experts in the new market, showcase their products/services to key international stakeholders and attend webinars on the respective healthcare systems.
Jenny Thomas, Programme Director, DigitalHealth.London, said: “At DigitalHealth.London we are dedicated to supporting the growth and development of high potential digital health companies who are meeting the challenges facing health care systems today. The Cedars-Sinai Accelerator shares this goal, and it is our joint vision to work together to accelerate the adoption of the best healthcare solutions internationally.”
Anne Wellington, Managing Director, Cedars-Sinai Accelerator, said: “The Cedars-Sinai Accelerator supports innovation that will improve healthcare, not only for our own patients and clinicians, but by advancing technologies that benefit our global community. We are thrilled that this collaboration with DigitalHealth.London will foster support and adoption of the most transformative solutions from the US and UK!”
Dr Tim Ferris, Director of Transformation at NHSE, said: “Some of the world’s most exciting digital health work is happening here in the UK. The NHS has a lot of knowledge to share, and there is also much we can learn from other countries. It is vital we use these connections to promote effective ways of improving patient care and work environments for busy NHS staff.”
DigitalHealth.London’s Accelerator aims to speed up the adoption of technology in London’s NHS, relieving high pressure on services and empowering patients to manage their health. It works with up to 20 SMEs over a 12-month period, giving bespoke support and advice, a programme of expert-led workshops and events and brokering meaningful connections between innovators and NHS organisations with specific challenges. The NHS delivered programme, funded in part by the European Regional Development Fund, has supported some of the biggest and most effective digital innovations now being used by the NHS in London. Companies including LIVI, Oxehealth, Patchwork Health, Echo, Sweatcoin, and Health Navigator have all been through the DigitalHealth.London Accelerator programme. To date the Accelerator has supported 122 innovative digital health companies, with 591 additional contracts secured and 1498 jobs created by those companies during Accelerator support. £2.06 billion of investment has been raised by these companies to date and for every £1 spent on the programme through the AHSNs it is estimated £12.70 is saved for the NHS*.
The Cedars-Sinai Accelerator is transforming healthcare quality, efficiency, and care delivery by helping entrepreneurs create, grow and scale their innovative technology products. This three-month program, based in Los Angeles, California, provides companies with $100,000 in funding, mentorship from more than 300 leading clinicians and executives, access to Cedars-Sinai, and exposure to a broad network of entrepreneurs and investors. Since 2015, the Accelerator has helped more than 60 companies transform healthcare delivery and patient care. Examples of companies supported by the Accelerator include WELL Health, Aiva Health, Health Note, Diligent Robotics and AppliedVR. UK-founded alumni of the Cedars-Sinai Accelerator include Lumeon, Lantum and Virti. Accelerator alumni have gone on to collectively raise more than $500M in investment and are in use at thousands of hospitals and clinics across the United States and around the world.
Notes to editors
- Interviews and further information
For more information, including interviews, statements and images, please contact Megan Truman, DigitalHealth.London Accelerator, Communications Lead on 07794276022 or email@example.com.
The DigitalHealth.London Accelerator was the first programme of DigitalHealth.London. It is aimed at digital health companies that would benefit from better engagement with the NHS and the wider health sector, in order to refine and develop products and services that meet the needs of the system.
The DigitalHealth.London Accelerator is run by a consortium of founding partners comprising of London’s three Academic Health Science Networks (AHSNs) – the Health Innovation Network, Imperial College Health Partners and UCLPartners – as well as CW+ and MedCity. The programme is part-funded by the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme.
*See our 5th birthday impact infographic here: https://digitalhealth.london/digitalhealth-londons-5th-birthday-our-achievements
- European Regional Development Fund
The project is receiving up to £3.8 million of funding from the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020. The Ministry of Housing, Communities and Local Government (and in London the intermediate body Greater London Authority) is the Managing Authority for European Regional Development Fund. Established by the European Union, the European Regional Development Fund helps local areas stimulate their economic development by investing in projects which will support innovation, businesses, create jobs and local community.
For more information visit gov.uk/european-growth-funding