Business Development Opportunity for “Scale-up” Health IT Companies
NEWARK, January 6, 2017 – The New Jersey Innovation Institute (NJII) is calling for applications to participate in the 6th cycle of its Health IT Connections program, set to begin on February 17th.
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 from JPMorgan Chase’s Small Business ForwardSM initiative so there are no fees for entrepreneurs to participate.
Now in its third year, the Health IT Connections program has successfully helped 63 companies develop new partnerships and connect to new business opportunities. Reporting companies have achieved annualized revenue and job growth of 46% and 42% respectively. The Health IT Connections program has helped develop the overall regional cluster by having hosted and sponsored more than 20 events, including a private pitch session 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 NJ/NY region. As a non-profit entity funded from outside the industry, 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 6 of the Health IT Connections program, slated to meet every other Friday from February 17 to May 5 (no relocation required). For more information visit www.njii.com/healthit.
For questions please contact:
Judith Sheft, associate vice president of technology and enterprise development
Travis Kahn, program manager
The New Jersey Innovation Institute (NJII) is an NJIT corporation that applies the intellectual and technological resources of the state’s science and technology university to challenges identified by industry partners. Through its Innovation Labs (iLabs), NJII brings NJIT expertise to key economic sectors, including healthcare delivery systems, bio-pharmaceutical production, civil infrastructure, defense and homeland security, and financial services.