New York City’s numerous world-class hospitals, research institutions, and new initiatives by the NYCEDC all contribute to NYC cementing its place as an important healthcare technology innovation hub. Here’s who you need to know in NYC in this rapidly growing industry.
NEW YORK NETWORKS
NYC Bio is a non-profit dedicated to bringing together NYC’s life sciences community. They host panels, networking events, and have a comprehensive resources section on their website that lists networking groups, incubators, investors, and government organizations in the healthcare space.
“The largest healthcare innovation focused meetup in the world” (with 4,000 members) hosts a variety of events for healthcare professionals, investors, and entrepreneurs working to improve healthcare through digital solutions. They also partner with the NYCEDC for Pilot Health Tech NYC, a program to encourage and develop innovative healthcare ideas and startups in New York City.
HEALTHTECH INCUBATORS AND ACCELERATORS
Run by, and located at, Columbia University, this incubator includes 50,000 square feet of wet lab space. It houses early stage as well as established biomedical research companies.
The program provides $20,000 in cash, $70,000 in perks, and access to a large network of successful entrepreneurs and influencers that can provide mentorship and strategic introductions. Located in SoHo, Blueprint’s competitive program is three months long with four programs a year.
Harlem Biospace is an initiative by the New York Economic Development Corporation (NYCEDC) that provides a space and wet lab for early life sciences ventures. Harlem Biospace is a self-proclaimed incubator that has a lot in common with most coworking spaces. They ask $995 per desk per month, but don’t ask for equity like many incubators. Once in the program, entrepreneurs get access to events and classes, mentorship, the community, and of course the necessary equipment to test their products.
The New York Digital Health Accelerator is a program run by the New York eHealth Collaborative and the Partnership Fund of New York City for early- and growth-stage digital health companies that are developing cutting edge technology products in care coordination, patient engagement, and workflow improvement.
This incubator’s impressively large – 24,000 square feet of space – facility in Brooklyn has a wet lab, shared office space, and all the equipment a life sciences startup needs to take their idea to the next level.
Though not technically in NYC, Tigerlabs is in the tri-state area (in Princeton, NJ) and invests in companies in the healthcare IT space on a rolling basis. Once accepted, companies receive $20,000 in funding and move to their co-working space for six months.
Launched in 2012 by the Chairman of Spafinder Wellness, Inc., this program is geared towards wellness companies like fitness apps or online healthcare platforms. Welltech’s group invests at least $50,000 in each company and sets them up in their Manhattan space for the six month incubation period. Applications are reviewed on a continuous basis, with no formal application period.
NYC HEALTHTECH VENTURE CAPITAL FIRMS
A small selection of venture capital firms based in NYC that are investing in HealthTech.
KBL invests in early stage life science companies, working on medical devices, healthcare services, and medical information technology.
New Leaf has been investing in healthcare technology startups for two decades, especially in medical devices, pharmaceuticals, and research tools.
Listed in Entrepreneur.com’s Top Investors in Early Stage Startups of 2015 (coming in at number 31), OrbiMed has offices in New York City and San Francisco as well as India, China, and Israel. They focus on investing in medical devices, pharmeceuticals, and biotechnology in early-stage startups as well as larger companies.
Psilos has been focusing on investing late-stage healthcare companies since 1998, mainly in healthcare services, healthcare information technology, and medical technology.
Radius invests in a wide range of companies in the life sciences sector, from biopharmaceuticals to healthcare services.
NOTABLE NYC HEALTHTECH STARTUPS
ZocDoc likely needs no introduction. Since 2007, the NYC-based company has provided an online platform that makes doctors visit easier – from online booking to patient reviews. Today, ZocDoc has millions of users across the US.
Flatiron takes a data-based approach to finding the cure for cancer, organizing oncology information from around the world into one place. Last year they raised $130 million in Series B funding.
A brand-new kind of health insurance company that uses technology to improve customer experience, with pricing transparency about how much a visit or procedure will cost, an appointment tracking app, on-call doctors, and more. After signing up you’ll even get a free Misfit Flash fitness tracker and for each day you meet your goal, you’ll get $1 – they literally pay you to stay healthy.
This startup makes smart, wireless pill bottles for the future – if you miss a dose, you’ll know (they’ll text you!). AdhereTech is a graduate of Blueprint Health and has won many awards, including from New York’s own NYCEDC.
Co-founded by avid dancer Payal Kadakia, ClassPass gives members access to unlimited fitness classes from cycling to martial arts with one membership. They started in New York, but are now across the United States with a few international locations.
Taking their name from the 1990s’ precursor to cell phones, Pager brings doctors to your door within two hours with a quick swipe on their app.
StartUp Health is a “global entrepreneurship development company for healthcare transformers.” Their platform is a one-stop-shop for healthcare information with reports on the healthcare industry, a job board, and listings of their events. They also have a coaching program for new entrepreneurs.
Our “Who to Know” series profiles select industry verticals in NYC that will be featured this fall during International Week 2015 as industry tracks, with roundtables, workshops, and panel discussions.