ProductSavvy® has co-developed and is currently managing the newly-launched RelevantHealth startup accelerator. The accelerator is positioned to connect early-stage health tech startups with the significant ecosystem of health providers, regulators, and research resources present in Montgomery County, Maryland, and the national capital region in general. ProductSavvy® brings to this initiative years of experience accelerating individual startups through a core focus on strategic product management.
Why Health Tech?
The time is right to accelerate entrepreneurship in the health tech sector. Medical professionals still waiting for the one essential tool that helps them provide care remain an untapped market. Attention and support grows for personalized medicine, including the recently-announced Precision Medicine Initiative. Partnering with RelevantHealth will provide access to exciting early-stage companies with potential to capture these opportunities.
We are pleased to be working in partnership with BioHealth Innovation, Inc. (BHI) to launch the accelerator. BHI is a public-private partnership known for helping commercialize market-relevant bio-health innovations. ProductSavvy™ and BHI are partnering with the Montgomery County Department of Economic Development (DED), which among other efforts operates a network of incubators for early-stage technology companies.
As was announced on April 7th, 2015, the RelevantHealth accelerator will consist of a five-month intensive program focused on preparing eight early-stage health-related businesses for pilot product testing and financing. The key components of RelevantHealth include:
- A program scope designed around short design cycle health technologies
- Focus on product management and product development
- Available pool of software developers to support rapid product development
A cornerstone of the program will be ProductSavvy™’s Product Management Methodology. Startups will work through the key planning, research, engagement, and execution stages necessary to deliver a strong, market-ready product. ProductSavvy™’s Product Management Methodology is currently being delivered to a number of audiences, including Montgomery County incubator network (SSIC and the RIC) and the Mach37 cybersecurity accelerator.
RIC – Rockville Innovation Center
Rockville, MD 20850