The University of South Florida has partnered with Tampa Bay Wave, a non-profit accelerator for high-growth startups, to introduce the HealthTech|X Accelerator program. Powered by a grant from the U.S. Economic Development Administration, the new initiative, scheduled to launch in mid-2024, marks a significant milestone in fostering innovation, supporting high-potential healthtech startups and promoting entrepreneurship in the Tampa Bay region.
“USF is committed to fostering innovation and the growth of health tech startups in our region,” said Sylvia Wilson Thomas, interim vice president for Research & Innovation. We look forward to collaborating with Tampa Bay Wave on future projects that support an inclusive ecosystem that empowers entrepreneurs and drives healthcare technology advancements."
"Thanks to the invaluable support from the EDA, coupled with collaborators like USF, we are able to combine our strengths and resources to empower healthtech startups and enhance innovation in our welcoming Florida ecosystem," said Tampa Bay Wave CEO Linda Olson. "This partnership solidifies our dedication to supporting diverse entrepreneurs and building a thriving tech community in the region."
Key Features of the HealthTech|X Accelerator:
Innovation Hub: In the heart of Tampa’s Medical & Research District, the accelerator will utilize the state-of-the-art USF Health’s Center for Medical Learning and Simulation (CAMLS) and the WAVE Venture Center as its primary venues for in-person programming, signature events, and company pitches. Occasional programming will also be hosted by partner organizations across the region.
Collaborative Environment: Participating startups will work side by side, fostering a collaborative and non-competitive atmosphere. They will be guided by a dedicated team with access to Tampa Bay Wave's extensive alumni and expert mentor networks.
Comprehensive Support: The HealthTech|X Accelerator will follow Tampa Bay Wave's proven 90-day immersive model, offering participating companies one-on-one mentoring with tech founders and investors, guidance from an Advisory Council of industry experts, pitch coaching, and investment readiness training. Startups will have access to essential resources required to transform into high-growth, scalable businesses.
Continued Support: Tampa Bay Wave's commitment extends beyond the 90-day program. Participating companies are eligible to receive ongoing support as they progress through Seed, Series A, and even Series B rounds.
USF, as a recognized national leader in high-impact research and innovation, brings a wide range of resources to the HealthTech|X Accelerator, aimed at enhancing the program experience for startups.
This new initiative enhances USF's partnership with Tampa Bay Wave – most recently celebrating a new class of startups for the FinTech|X Accelerator. Fintech refers to the integration of technology into financial services, such as online banking crowdfunding and crypto exchanges.
More information about the HealthTech|X Accelerator and upcoming programs can be found here.