Miami-based itMD was selected to join the inaugural class of a three-year Entrepreneurship Program designed to accelerate the growth of consumer health companies. The program is a partnership of GE’s healthymagination fund and health-tech startup incubator StartUp Health.
More than 400 companies from 22 countries applied in January. The 13 companies selected this week represent a broad spectrum of health innovation from the United States, Ireland and Israel focusing on aging, health sensors, patient engagement, mobile health, care coordination, big data, analytics and diagnostics and other areas of innovation. GE said in its press release.
itMD, founded by a group of physicians, is a cloud-based medical image sharing company that enables the on-demand exchange of medical imaging information from anywhere to anyone. Users on the itMD Network can easily send, share and access medical imaging information online with just a web-browser or mobile device. The itMD team recently presented presented at the Florida Venture Forum’s annual conference and was a winner at FIU’s AVCC in December.
The Entrepreneurship Program, launched this week at StartUp Health’s Healthcare Transformer Summit, will offer exposure to VCs and will partner the startups up with GE executives who will help them access the GE network, according to a TechCrunch report. GE and the StartUp Health Innovation Fund will take a 2-10 percent equity stake in the selected companies.