The Inova Personalized Health Accelerator (IPHA) is dedicated to finding and enabling the next generation of medical technology and healthcare start-ups seeking to enhance patient care, predict and prevent disease, lower healthcare costs, and improve health outcomes. Our goal is to partner with entrepreneurs to bring the most promising healthcare innovations to market. Working closely together, we can quickly achieve significant milestones in value creation and risk mitigation for our partner companies.
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Inova Personalized Health Accelerator
1. HOW IS IPHA DIFFERENT?
IPHA redefines the concept of early-stage accelerators by developing an action plan
in consultation with the entrepreneur that is customized to the needs of the medical
technology start-up.
• A team of seasoned C-Suite executives becomes an extension of the existing
management team, to help companies achieve the value-creating milestones that
will improve success and earn investor attention.
• Each participating company will receive bespoke action and risk-mitigation plans.
• $75,000 in cash and a full range of C-Suite services equivalent to a minimum of
$125,000 will be invested in start-ups that are accepted into the IPHA program,
in return for a 10% equity position in the next funding round.
• A matching investment of up to $250,000 will be provided if the company meets
all milestones and receives funding during the program, or up to 12 months after
graduation from the IPHA program.
• The Inova Health System and extended family of health systems and venture funds
are potential customers and additional funding sources for future rounds.
• IPHA has a year-round, rolling application process, limited to a maximum of 6
companies at any time, in order to provide the individual attention that each company/
team deserves.
WHAT TYPES OF COMPANIES QUALIFY?
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.)
application process
WHO CAN APPLY?
IPHA is seeking start-ups that enhance our
mission of advancing personalized health.
WHAT IS IT LIKE TO PARTICIPATE?
IPHA provides office space for the duration
of the program, amenities, a tailored
curriculum, C-suite consultations, an
extensive mentor network, and access to
Northern Virginia’s premier health system.
WHEN CAN I APPLY?
We have a year-round, rolling application
process.
HOW DO I APPLY?
All we require is an application letter and
a video, both of which should be submitted
online at inovapha.org/apply/
WILL INOVA SIGN AN NDA?
Not at this stage.
WHAT IF I HAVE MORE QUESTIONS?
Please review our website at inovapha.org.
If you have additional questions, email us at
info@inovapha.org.
MISSION STATEMENT: The Inova Personalized Health Accelerator (IPHA) is dedicated to finding and enabling the
next generation of medical technology and healthcare start-ups seeking to enhance patient care, predict and prevent
disease, lower healthcare costs, and improve health outcomes. Our goal is to partner with entrepreneurs to bring the
most promising healthcare innovations to market. Working closely together, we can quickly achieve significant milestones
in value creation and risk mitigation for our partner companies.
propelling technology
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