The New Jersey Innovation Institute, a Newark-based nonprofit organization launched by the New Jersey Institute of Technology, is seeking applications to participate in its Health IT Connections program, set to kick off Friday, October 6.
The Health IT Connections program was established in 2014 to grow the health IT cluster in the region by supporting growth-stage health IT entrepreneurs through intensive training and mentoring. In addition, the program helps drive cluster growth by connecting businesses to new customers, strategic partners and suppliers. The program is funded in part from JPMorgan Chase’s Small Business ForwardSM initiative. No fees or equity is required by entrepreneurs to participate.
Now in its fourth year, the Health IT Connections program has helped 75 companies, with participating companies reporting 46 percent revenue growth afterwards, according to a press release sent by the program.
Judith Sheft, associate vice president of technology and enterprise development at NJII and the recipient of the grant, said the goal of the program is to grow and develop the health IT sector in the region. “As a nonprofit entity funded from outside the industry, we can serve as an honest broker between the healthcare organizations in need of 21st century solutions — hospitals, big pharma, insurers, and the entrepreneurs who are developing tomorrow’s innovations,” Sheft said.
Applications are currently open for Cohort 7 of the Health IT Connections program, slated to meet every other Friday from October 6 to December 15 (no relocation required). Visit www.njii.com/healthit.