TMC Innovation Institute introduces new early stage programming opportunities for health care workers
While the Texas Medical Center's accelerator, TMCx, accepts two cohorts of health care startups a year at various stages of development, the program isn't optimized for early stage ideas for companies.
Yet for years, the TMC Innovation Institute team has fielded questions from budding entrepreneurs over cold emails — and even LinkedIn.
TMC will launch a new program for these early stage ideas called TMCxAlpha. Lance Black, associate director of TMCx, announced the program at TMCx's Demo Day on Thursday, June 6.
"Alpha is the first letter in the Greek alphabet. It represents the beginning — the first step in your journey," Black says.
Through monthly events, TMC-affiliated entrepreneurs can meet with the TMCx team, learn startup best practices, pitch to professionals, and receive one-on-one advice.
"It's our mission to support those members in the TMC — those employees, those physicians, those affiliates — that are knee-deep in the problems and have ideas for solutions," he adds.
The details of the program have yet to be revealed, and Black suggested interested parties subscribe to their newsletter.
"Too many good ideas go undeveloped because people don't have a place to turn or know who to talk to," Black says. "Now they do."
Before and after the announcement, 19 different startups pitched to the crowd at the TMC Innovation Institute, representing the end of the accelerator program. The 2019 Digital Health cohort represented the eighth — and most international — cohort within the program.
Three companies within the cohort have announced completed raises totaling over $10 million. However, according to the pitches, that figure is likely even higher.