Prosper HealthTech Accelerator 2025

The Prosper HealthTech Accelerator (PHTA), located in Birmingham, Alabama, is a 12-week program designed to support early-stage startups developing innovative digital health technologies. The program aims to position Birmingham as a healthcare innovation hub, leveraging the region's robust ecosystem of healthcare companies, clinical trials, and industry talent. PHTA focuses on empowering founders with the resources, mentorship, and funding needed to revolutionize healthcare solutions and drive systemic improvements. The accelerator targets startups addressing significant healthcare challenges with a particular emphasis on innovation, scalability, and clinical validation. The ideal participants are companies offering impactful solutions that save lives, reduce costs, or enhance healthcare delivery. Other valued attributes include market potential, proven customer utilization, and a founding team with healthcare industry expertise. Each cohort accepts five companies to ensure personalized support and ample networking opportunities. Selected participants receive a $50,000 investment for 5% common equity, with an optional $40,000 convertible note for a total of $90,000 in funding. Additional benefits include access to Prosper's office space, over $1 million in vendor perks, and weekly programming covering essential topics like revenue models and investor pitches. Participants will engage in bi-weekly, one-on-one mentorship sessions with the gener8tor team, along with opportunities to network with over 100 entrepreneurs, experts, and investors. The program culminates in a Premiere Night, where startups pitch their solutions to a wide audience. Eligibility is open to startups creating cutting-edge health technologies, with applications for the Spring 2025 cohort due by February 16, 2025. The program runs from April 10 to June 27, 2025. Interested applicants should demonstrate innovative technology, impactful solutions, and a well-defined business model with clinical or market validation. The program’s core goal is to foster collaboration and co-innovation between founders and healthcare leaders. It offers participants the opportunity to build lasting relationships within the cohort and the broader gener8tor alumni network. Birmingham’s healthcare ecosystem, which includes partnerships with institutions like UAB and BlueCross BlueShield, provides a fertile ground for startups to test, refine, and scale their solutions. The Prosper HealthTech Accelerator seeks to create a transformative impact on the healthcare industry through strategic partnerships, investment opportunities, and hands-on guidance. This program is ideal for startups with bold ideas and the ambition to redefine healthcare for the better. Applicants can connect with program leaders for more information or schedule meetings to discuss program details.