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Accelerator Candidates

Apply today to change healthcare tomorrow

Who We Work With

The IPHA team is looking for nascent technology companies with working prototypes, who are seeking venture investment for product development and commercialization.

  • Pre-Series A and/or Seed stage
  • Types of technology focused on personalized health:
    • Diagnostics – Medical devices
    • Digital health – FDA 510(k) class I, II and de novo regulatory pathways
    • Sensor technologies
    • A.I./Machine Learning
    • Genomics, precision medicine – Health IT, software, analytics

Candidate companies must be committed to dedicating time to the IPHA program located at the Inova Center for Personalized Health in Fairfax, VA. (However, companies do not have to relocate.)

Please note, these types of companies do not quality for IPHA:

  • Pharmaceuticals, Biotech
  • FDA 510(k) Class III products
  • PMA regulatory pathway products
  • Invasive therapies
  • Roll-ups
  • Insurance technologies

Application Process

Applying to IPHA does not require the use of a standardized template. We believe that the representation of a startup is best expressed in the founder’s words and presentation. The IPHA application process contains two components, a letter describing your business plan and a video submission. In developing your application submission, please note that the partners will be looking for information on the following topics:

  • Origin of the company
  • Current leadership team
  • What the company produces and sells
  • Key value proposition
  • The current state of development of the company’s technical solution
  • Market segments the company will target
  • Origin of the intellectual property used by the company
  • Why the company would be of interest to Inova and other similar consumers
  • The company’s economic model (revenue, net, capital)
  • Key competitors
  • Previous investments in the company

Applications and videos are reviewed as received. Feedback to the applicant occurs within a week of submission (holiday periods may be extended).

If the application and video are determined to be aligned with IPHA’s acceptance criteria, the application is reviewed and discussed by all partners. After the partners meeting, successful applicants are offered the opportunity to meet the partners in-person, or via teleconference.

Within 2 weeks of the in-person interview, candidates will be informed if they are an acceptable candidate for the IPHA portfolio and the investment contract process is initiated. IPHA uses the SAFE investment contract format which will be provided at the in-person interview.

Unsuccessful applications receive email correspondence indicating the rationale for not proceeding with the application. Unsuccessful applicants may resubmit an application if the reasons for non-acceptance have been addressed.

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Part 1: IPHA Letter Application

An application submitted to Inova Personalized Health Accelerator should address the following items:

  • What your company produces and sells and its key value proposition
  • Describe the development state of the company’s technical solution
  • Market segments the company will target
  • Origin of the intellectual property used by the company
  • Origin of the company
  • Current and intended location of the company
  • Current leadership team
  • Why the company would be of interest to Inova and other similar consumers
  • Briefly describe the company’s economic model (revenue, net, capital)
  • Identify key competitors
  • Identify all previous investments in the company
  • Describe the development state of the company’s technical solution

Part 2: IPHA Video Application

In developing your video submission, please note that the partners will be looking for information on the following topics:

  • Introduction to company founders
  • CEO’s description of how the team was formed
  • CEO’s short pitch describing the company to a targeted investor to secure a follow-up meeting

The video submission should be placed on YouTube and provided with the view link. Please do not email attached videos.

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Resources

The following resources are recommended to assist candidates in developing a baseline of knowledge on critical aspects of startup company development and company validation. Inova Personalized Health Accelerator applicants should be conversant in the topics and themes that are discussed in these resources.

  1. The Lean Startup: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses by Eric Ries
  2. The Startup Owner’s Manual: The Step-By-Step Guide for Building a Great Company by Steve Blank and Bob Dorf
  3. How to Win Friends & Influence People by Dale Carnegie

 

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