Conglomerate General Electric and healthcare technology fund Startup Health have named the first three startups for the second cohort of their US-based joint incubator program.
Startup Health Academy is an incubator formed by Startup Health to target digital health startups. Participating startups are eligible for a $50,000 seed investment, with the money provided in equal parts by General Electric’s GE Ventures unit and Startup Health Ventures.
All three companies are based in California. Biome Analytics is creating a platform that aggregates hospital patient data to simplify the insurance of people who suffer from cardiovascular disease.
Jiseki Health is working on patient engagement technology that helps make medical staff accountable and ensures patients benefit from the correct service at the right time at a reasonable cost.
WinguMD is developing BodyMapSnap, an imaging technology platform that enables healthcare staff to take medical photos with a smartphone and annotate the images with relevant information. The data can then be shared with existing electronic medical records.
GE Ventures and Startup Health launched their collaboration in 2013, when they welcomed an initial 16 startups, and put out a call for applications to a second group of 10 startups in October 2015. The remaining seven startups are expected to be announced later this year.
Portfolio companies have so far secured a combined $51m in capital and two businesses have been acquired.
Medical expenses tracking service CakeHealth was purchased by patient benefits management platform Inbox Health, and Docphin, which enables doctors to find and read medical research, has been acquired by medical advice platform HealthTap.