SAN FRANCISCO, May 10, 2016 /PRNewswire-USNewswire/ -- Launchpad Digital Health, the leading next generation of seed funds + accelerator for digital health, has launched an additional unique program: Launchpad Digital Health – Ground Zero (LDH-GZ). "After our first three highly successful cohorts at LDH, where 16 portfolio companies co-locate with us for 1-2 years, we are extending the offering with LDH-GZ, designed for earlier stage companies that may become portfolio companies," said Fred Toney, CEO & Co-Founder.
Launchpad Digital Health – Ground Zero (LDH-GZ) is a new, four-month digital health program for entrepreneurs desiring to pressure-test and expand their business. Ground Zero companies will be eligible for funding in multiple ways. The LDH-GZ inaugural cohort runs from July 1, 2016 to October 31, 2016. The program includes co-location in our new headquarters building in San Francisco, alongside LDH portfolio companies, mentors, and corporate partners. LDH-GZ is designed to immerse entrepreneurs in our digital health hub, testing and calibrating their business plans, operations, scaling, partnerships and more. We require no equity from companies in Ground Zero. The total cost for companies includes rent and all aspects of the program.
All companies, upon completion of the program, have opportunities for investment:
- $100,000 for #1 company. The top company, judged by our experts at LDH (partners and advisors), will receive $100,000 in funding via SAFE (simple agreement for future equity).
- LDH portfolio investments. At least 3 companies from GZ will present at the Launchpad Digital Health Finalist Day for consideration as LDH investments, which will be held this coming fall.
- LDH-GZ graduates will be connected to our partnered healthcare funding networks.
LDH-GZ is currently establishing additional corporate partnerships for this program.
Applications may be submitted at www.launchpdh.com.
About Launchpad Digital Health
Launchpad Digital Health is a next generation accelerator—more capital, more time and more intensity for its portfolio companies and their founders. Each company accepted into the accelerator program receives: 1) more capital in the form of up to a $500,000 investment, 2) more time commitment in the form of a full one year-long program co-located with other startups in digital health sector and the Launchpad Digital Health founders, and 3) more intensity in the form of daily and weekly engagement with Launchpad Digital Health's founders, partners and mentors as critical business decisions are made continuously with advisors assisting all along the way. The founders of Launchpad Digital Health have funded and operated companies throughout the healthcare and technology sectors, including digital health companies, for the past two decades. Launchpad Digital Health – Ground Zero extends this ecosystem to companies that, with more intensive time and effort over the 4-month LDH-GZ immersion program, can become eligible for the LDH accelerator and investment.
To find out more about LDH and LDH-GZ, visit us at www.launchpdh.com and see how your startup can benefit from this next generation accelerator programs, as its next class of companies begins.
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SOURCE Launchpad Digital Health LLC