Healthbox Kicks Off 2nd Boston Accelerator Program This Month

Healthbox—a company that fosters innovation and entrepreneurship in the health care industry recently kicked off its Healthbox Boston program. Blue Cross Blue Shield of Massachusetts is continuing its partnership with Healthbox in 2013 as part of our commitment to addressing health care challenges through the development of innovative solutions.

Based on the success of its first Boston program in 2012, Healthbox will give 10 new health care innovation start-ups a chance to fast-track their growth by offering them access to resources, support, and an expert network.

Healthbox funds health care entrepreneurs

Healthbox has invited entrepreneurs with early-stage health care technology-enabled startups to apply. The selected companies will receive up to $50,000 in seed capital and participate in an intensive 16-week program. The companies will be based in Healthbox's Boston office, where they will receive strategic guidance from leading industry experts and learn how to grow their companies in a complicated industry.

"Blue Cross Blue Shield of Massachusetts is committed to advancing health care innovation in Massachusetts," said TemiTuoyo Louis, Director, Strategic Investments. "Partnerships with like-minded thought leaders like Healthbox help ensure that we are on the forefront of bringing ground-breaking ideas to life that have the potential of improving the health care industry."

Last year's 10 health care start-ups developed innovative solutions addressing such pressing health care issues as disease management, operational efficiency, and patient education. Some of last year's participants have doubled their number of partnerships, tripled their number of pilots, and connected with leading venture capital firms, positioning themselves to affect meaningful change in the industry.

This year's winning companies will participate in a large-scale Innovation Day, bringing together hundreds of investors, health care leaders, and entrepreneurs to hear the pitches of Healthbox companies in the context of industry need. We have invited our AQC groups to get involved via sponsorship, mentoring, hosting pilots, or participating in the curriculum as a guest speaker. For more details, read the press release or visit www.healthbox.com.

If you are interested in learning how to participate, please contact Jen Ferrari at jennifer.ferrari@bcbsma.com or Angela Cassidy at angela.cassidy@bcbsma.com.