Accelerator aims to promote digital health innovation in Italy – & More News Here

A digital health startup accelerator is launching in Italy, with greater than €6 million backing the brand new enterprise.

Called VITA, the accelerator will help up to 10 startups targeted on digital transformation of the health system. The undertaking is backed by asset administration firm CDP Venture Capital SGR, with assist from digital health consultancy Healthware Group (pharmaphorum’s father or mother firm) and Danish accelerator Accelerace.

“The pandemic has accelerated exponentially the healthcare digitalisation process that was already underway, and today it becomes essential to invest in the growth of start-ups capable of offering a new approach that puts patients first, and guarantees the safety and ethical management of health data that can be used to facilitate collaboration on demand and in real time between doctors and patients, from the hospital to the home,” Francesca Bria, president of CDP Venture Capital, mentioned in a press release.

CDP, Healthware, and Accelerace will make investments €4.5 million in the undertaking, with one other €1.8 million coming from company companions together with Petrone Group and SIFI. Zcube – Zambon Research Venture can also be supporting the undertaking as an innovation companion.

“In the health digitisation process, Italy can play a key role by focusing on the growth and acceleration of innovative start-ups,” Paolo Borella, VITA’s managing companion and head of program, mentioned in a press release. “We have therefore decided to leverage our experience in the innovation and digital health sectors and contribute to the birth of VITA to actively support the most promising companies and, at the same time, create synergies with the sector’s key players and leading companies, thus contributing to give a strong boost to the digital health ecosystem.”

Run by Healthware Ventures from an operations standpoint, the accelerator will choose 10 startups per 12 months for 3 years. They will function out of the Palazzo Innovazione in Salerno, Italy. Startups could have entry to a growth course of, a community of ecosystem companions, and occasions together with Frontiers Health.

Startups will obtain an preliminary funding of €110,000, €50,000 of which might be in money, in trade for an fairness stake between 4 and 10 %, in accordance to VITA’s web site. Teams that stand out could have alternatives to entry extra investments as nicely.

“The VITA accelerator is testament to Healthware’s commitment to contributing to the digital health transformation, supporting the growth and development of the most promising start-ups,” Healthware CEO Roberto Ascione mentioned in a press release. “It is indeed also thanks to the startups and their technological solutions that today we are able to accelerate the digitisation of the healthcare sector. To this end, we are proud to collaborate with CDP Venture Capital and Accelerace on this programme, which is one of a kind at the national level, with the aim of setting an international benchmark for start-ups and innovators in the digital health sector.”

Italian startups and worldwide startups prepared to arrange an Italian workplace can apply via June 12 on the accelerator’s web site. VITA is very in corporations engaged on technological options to respiratory illnesses, ophthalmology, ladies’s health, uncommon illnesses, and power ache administration.

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