MATTER opens applications for second class of Momentum accelerator for digital health startups
Companies can apply now to receive industry-leading mentorship, curriculum and more
December 12, 2022, CHICAGO — MATTER, the premier healthcare incubator and innovation hub, today opened applications for the second class of Momentum, an application-based accelerator for MATTER member companies that offers a structured, cohort-based approach to advance their objectives.
Momentum is an opportunity for MATTER member companies to narrow their focus, hone value propositions and build stakeholder relationships and business as efficiently as possible and gain critical market validation along the way.
“Momentum helps companies dynamically build critical skills, dive into key business imperatives, engage with industry leaders and share learnings and challenges with a peer group in an accelerated time frame,” said Steven Collens, CEO of MATTER. “Our second Momentum cohort will focus on digital health, positioning them for success in reaching their next milestones.”
In 2022, the first class of Momentum, consisting of 12 digital health startups, benefitted from more than 20 sessions of private, one-on-one mentorship, six peer group meetings and seven workshops to help achieve specific goals determined at the beginning of the program. The program culminated in MATTER’s inaugural Healthcare Inno Expo in September, where the class shared learnings and outcomes from the program and had the opportunity to network with investors, industry leaders and innovators in the MATTER community.
Following the first year’s success, MATTER has opened applications for the second class of Momentum. The accelerator will systematically step through the fundamentals of growing digital health companies from March to May 2023. MATTER Venture Acceleration Fellows Jason Smith and Pamela York, both seasoned entrepreneurs and investors, will lead the program.
“The one-on-one coaching approach allows us to work together to solve the harder, more complex challenges bringing a solution into the healthcare market,” said Jason Smith. “I look forward to meeting the new entrepreneurs who bring passion, innovation and dedication to improving people’s lives. It is constantly inspiring.”
“There are thousands of companies in digital health. To succeed, you’ll need to have clear and compelling evidence that you’re truly solving a major pain point that potential customers have validated as a top priority they are eager to solve and they have or will budget resources and funding for new solutions,” said Pamela York. “Building a startup to exit is a big learning curve with many unknowns and, with Momentum, founders will have expert guides to help elucidate the most viable path to growth and exit.”
Applications are open through February 3, 2023, at 11:59pm CT. To apply and learn more, visit matter.health/challenges/momentum-2023.
At MATTER, we believe collaboration is the best way to improve healthcare. The MATTER collaborative includes more than 700 current and alumni startups from around the world, working together with dozens of hospitals and health systems, universities and industry-leading companies to build the future of healthcare. Together we are accelerating innovation, advancing care and improving lives. For more information, visit matter.health and follow @MATTERhealth.