Baptist Health and the Innovation Hub, both based in Little Rock, Ark., are joining forces to launch a healthcare startup accelerator, according to an Arkansas Business report.
The program, HubX-LifeSciences, will support healthcare startups from the Innovation Hub's Argenta Innovation Center.
Baptist Health will provide capital for the project, but CEO Troy Wells did not provide Arkansas Business an exact amount, saying instead the system's investment was "six figures." Iron Yard Ventures Digital Health Accelerator will also help administer the program, according to the report.
Five to 10 startups will enter the first class of health startups in HubX, each reciving seed money between $25,000 and $50,000. Baptist Health seeks startups focused on digital healthcare platforms, healthcare services and medical devices. The 13-week program will take place from April 2016 to June 2016.
More articles on health startups:
Cleveland Clinic partners with startup to boost radiology using the cloud
Walgreens halts Theranos partnership
6 things to know about the startup that connects nurses with families and providers