If you are a digital health startup looking for an opportunity to accelerate your growth, look no further than the VITA Accelerator program. The VITA Accelerator has just announced the opening of its second call for applications for pre-seed or seed digital health startups interested in operating in Italy.
In this article, we’ll take a closer look at what the VITA Accelerator program offers and why it could be the perfect fit for your startup.
What is the VITA Accelerator?
The VITA Accelerator is an accelerator program focused on digital health startups in Italy. The program is designed to help early-stage startups grow and succeed by providing them with the resources, support, and mentorship they need to achieve their goals.
The VITA Accelerator program is run by a team of experienced professionals with a deep understanding of the digital health industry. The program is also supported by a number of partners and sponsors, including Zcube – Zambon Research Partners, Petrone Group, and SIFI Group.
What Does the VITA Accelerator Offer?
The VITA Accelerator program offers a wide range of benefits to participating startups. These benefits include:
- Funding: Selected startups will receive an initial investment of 110k€, with 50K€ in cash as a convertible loan, in exchange for 3-6% of equity according to the maturity of the startup. The most promising cases will also receive follow-on investments of up to 400K€ and up to 2M€ cumulative follow-on investments.
- Mentorship: Each startup will be assigned to an end-to-end Mentor to help navigate the program, set goals and track progress. They will also receive one-to-one expert mentoring sessions tailored to their needs.
- Collaboration Opportunities: Startups will have the opportunity to collaborate with the Innovation Partner Zcube and Corporate Partners Petrone Group and SIFI Group on solving their Innovation Challenges, and work on proof-of-concepts (POCs) together with the Partners.
- Training and Workshops: The program is centered around several guiding themes, including Digital Health & Pharma, Product Development & Service Design, Business Development & Partner Cooperation, and Fundraising, Soft Skills & Events. Startups will receive tailored training and workshops on these topics.
- Access to Networks: Startups will have access to a network of Italian patient associations and hospitals that are among the VITA Ecosystem partners. They will also have opportunities to network with key Italian and international digital health investors.
- Frontiers Health Global Conference 2023: Selected startups will receive full access to this premier digital health event, taking place in Rome on November 8th-9th. The event provides a platform for startups to increase their visibility and engage with a global community of top digital health innovators. The VITA Program will culminate with a special session for the 2023 Demo Day at the conference.
How to Apply for the VITA Accelerator Program
If you are interested in applying for the VITA Accelerator program, you can submit your application on the program’s website. Applications will be evaluated on a rolling basis, with a deadline of April 17th, 2023. Interested start-ups are encouraged to apply as soon as possible to increase their chances of acceptance.
To apply, startups must be either based in Italy or interested in operating in Italy and willing to set up an Italian entity in order to develop, localize, and/or commercialize their product or service in Italy. They must also submit a complete application and check out the innovation challenges of the Partners to understand which they might be able to collaborate on during the program.
Conclusion
The VITA Accelerator program is an excellent opportunity for digital health startups looking to accelerate their growth in Italy. The program offers a range of benefits, including funding, mentorship, collaboration opportunities, training and workshops, access to networks, and more.
If you are a digital health startup looking to grow and succeed, don’t miss your chance to apply for the VITA Accelerator program. The program is open for applications until April 17th, 2023, with applications evaluated on a rolling basis. Apply now to increase your chances of acceptance and take the first step towards accelerating your growth in Italy.
For more information on the program and how to apply, visit the VITA Accelerator website or contact the team at [email protected]. With the support of the VITA Accelerator program, your digital health startup could be the next big thing in Italy.
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