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From a California-based company building a platform for cardiologists to a Portland business using artificial intelligence for low-cost diabetes management, 10 health care startups have been named to a residency program at Northeastern University’s Roux Institute in Portland.
The year-long Future of Healthcare Founder Residency, whose second cohort members were announced last week, aims to boost innovation and entrepreneurship in Maine’s health technology sector.
Each startup will receive mentoring from experts and entrepreneurs during the program, which is funded in part by Northern Light Health, MaineHealth and the Maine Venture Fund. Participating founders receive a $50,000 investment to take their business to the next level of growth and $300,000 in free and discounted services.
While Northeastern does not disclose the number of applications submitted, spokesman Daniel Sarro told Mainebiz that there was a 70% jump in applications for the second group.
"We've got a fantastic mix of talent from all corners of the U.S. and Canada, each bringing their own unique experiences and expertise to the program,” he said. “These founders have already made an impact with their prior work experiences and successful exits from startups.”
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Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
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