Winrock International, Arkansas Heart Hospital, the University of Arkansas for Medical Sciences (UAMS) and BioVentures are hosting an event on June 4, 2018, to announce the six startup companies selected for the 2018 Health InnovatAR healthcare accelerator, which is supported in part through a grant from the Arkansas Economic Development Commission. The reception, to be held at the Arkansas Heart Hospital, will begin at 5:00 PM with a welcome from Dr. Bruce Murphy, followed by a message from Governor Asa Hutchinson and short presentations from each of the six companies in the cohort.
“We are excited to reveal the new cohort and introduce them to Arkansas and the powerful team available to them from Arkansas Heart Hospital, UAMS and BioVentures,” said Jeff Stinson, director of Health InnovatAR. Stinson works with the Innovate Arkansas team at Winrock International and also serves as the executive director of the Fund for Arkansas’ Future, which is the state’s largest angel investment fund.
The six companies will be in Little Rock for three days to meet mentors and hospital management teams and to begin custom work plans. Throughout the program, companies will be working not just with Health InnovatAR’s hospital partners, but also with subject matter experts in the fields of HIPAA compliance, FDA/regulatory approval, intellectual property law, sales and marketing, and procurement.
“Arkansas is an emerging world leader in driving innovation in the delivery of healthcare,” said AEDC Executive Director Mike Preston, “and Health InnovatAR provides access to world-class clinical skill and knowledge, and investment capital. By supporting seed investments into start-up companies from across the nation, we are accelerating both growth and innovation in this important sector of our state’s economy.”
The six companies were selected from hundreds of applicants from 20 different countries. Participating in a five-month program, the cohort will build solutions to challenges specifically identified by Arkansas Heart Hospital, UAMS, and BioVentures as areas of opportunity within their organizations, including digital health platforms, medical devices and diagnostics. Each company will receive seed investment as well as intense mentorship and assistance as they rapidly proceed from concept to product development and customer acquisition.
The reception is free and open to the press and public. More information about Health InnovatAR, including a link to RSVP for the kick-off reception, can be found at HealthInnovatAR.com.
ABOUT ARKANSAS ECONOMIC DEVELOPMENT COMMISSION
Created in 1955 to make Arkansas more competitive in the post-World War II era, the Arkansas Economic Development Commission (AEDC) seeks to create economic opportunity by attracting higher-paying jobs, expanding and diversifying local economies in the state, increasing incomes and investment, and generating positive growth throughout The Natural State. Arkansas is a pro-business environment operating leaner, faster and more focused through a streamlined state government designed to act on corporate interests quickly and decisively.
ABOUT ARKANSAS HEART HOSPITAL
Arkansas Heart Hospital (AHH) is a nationally recognized and award-winning hospital dedicated to the prevention, diagnosis and treatment of cardiovascular disease. AHH offers advanced technology teamed with a highly trained support staff and Arkansas’ leading cardiologists and cardiovascular surgeons. AHH operates a 112-bed hospital, nine catheterization labs, three heart operating suites, and a 24-hour Emergency Center; and, with over 25 clinics statewide, we perform more heart procedures than all hospitals in the state. Arkansas Heart Hospital is also a training center for physicians from all over the world. For more info visit ARHeart.com.
BioVentures is a technology commercialization organization and startup incubator focused on promoting the biomedical technology industry for Arkansas and translating research into products that benefit human health. BioVentures links the healthcare research minds to global markets in order to advance Arkansas’ scientific and economic development.
UAMS is the state’s only health sciences university, with colleges of Medicine, Nursing, Pharmacy, Health Professions and Public Health; a graduate school; hospital; northwest Arkansas regional campus; statewide network of regional centers; and seven institutes: the Winthrop P. Rockefeller Cancer Institute, Jackson T. Stephens Spine & Neurosciences Institute, Myeloma Institute, Harvey & Bernice Jones Eye Institute, Psychiatric Research Institute, Donald W. Reynolds Institute on Aging and Translational Research Institute. It is the only adult Level 1 trauma center in the state. UAMS has 2,834 students, 822 medical residents and six dental residents. It is the state’s largest public employer with more than 10,000 employees, including 1,200 physicians who provide care to patients at UAMS, its regional campuses throughout the state, Arkansas Children’s Hospital, the VA Medical Center and Baptist Health. Visit www.uams.edu or www.uamshealth.com. Find us on Facebook, Twitter, YouTube or Instagram.
ABOUT WINROCK INTERNATIONAL
Winrock is a recognized leader in U.S. and international development with a focus on social, agricultural and environmental issues. Inspired by its namesake, Winthrop Rockefeller, Winrock combines scientific and technical expertise with entrepreneurial innovation to deliver market-based solutions that improve lives around the world. Winrock’s mission is to empower the disadvantaged, increase economic opportunity and sustain natural resources across the globe.