Prosper Healthtech Accelerator Announces Startups Selected for Fall 2022 Cohort
Five companies innovating in the healthcare industry to receive $60K each
Birmingham, Ala. - The Prosper Healthtech Accelerator, powered by gener8tor, announced the cohort of five startups selected for its 2022 accelerator program, each of which will receive a $60,000 investment alongside the coaching, mentorship and connections needed to build and scale their businesses.
The companies are Birmingham-based BluTapp, as well as Dawatek, OK2StandUP, Xplosion Technology and CLAIRE, which are relocating from around the country to Birmingham for the accelerator program. Learn more about each company.
“We are thrilled to welcome our second cohort to Alabama (including our first Birmingham-based company) building off the momentum of the success of our first group of founders and the recent OnRamp HealthCare Conference,” said JW Carpenter, president of Prosper. “I am confident that as our larger community continues to embrace our work with gener8tor at the Prosper Healthtech Accelerator, we can demonstrate that Birmingham is the place to be for diverse health tech startups that want to grow their companies and change the world.”
The Prosper Healthtech Accelerator is a 12-week accelerator that invests in five startups per program. Each cohort is kept small to ensure meaningful engagement with the program team, network and other resources. Participants receive intensive and individualized coaching and access to Prosper and gener8tor’s national network of mentors, customers, corporate partners and investors. Throughout the 12 weeks, the program team will help each startup secure customers, gain mentorship, accelerate their revenue growth and secure additional funding through the support of Redhawk, the investment advisor managing Prosper’s fund along with other investment partners.
“I am excited to be working with this group of founders, who were chosen from a competitive group of applicants,” said Douglas Watson, managing director of the Prosper Healthtech Accelerator. “They are building solutions and companies that will not only have a great impact in Birmingham, Jefferson County and Alabama but nationwide.”
The 2022 Fall Prosper Healthtech Accelerator program kicked off on August 25 in conjunction with the OnRamp Healthcare Conference hosted in Birmingham and will conclude on November 17. The five companies taking part in the Birmingham-based program were recruited from around the world, went through a rigorous application and interview process, and were chosen from among hundreds of applicants because of their strong performance on five key elements: healthcare system impact, team, traction, product/service and market opportunity. Two of the five companies who participated in the spring 2022 cohort have since relocated to Birmingham and raised nearly $1M in follow-on funding through Redhawk and other investors.
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About gener8tor
gener8tor is a venture firm and national accelerator network that supports startups, founders, workers, employers, artists and musicians across race, place and gender. gener8tor partners with companies, governments, universities and nonprofits to operate programs in more than 41 communities across 22 states and two countries. Fast Company named gener8tor one of the Best Workplaces for Innovators in 2021 and 2022.
About Prosper Healthtech Accelerator
The Prosper Healthtech Accelerator aims to make Birmingham a center of health technology solutions through investments in entrepreneurship, talent and community engagements. The program invests in the best and brightest health technology companies. Especially competitive teams will be able to demonstrate their commitment to improving the Birmingham ecosystem through job creation, job preparation and job access. The initial cohort in spring 2022 hosted five companies from around the country. Two relocated to Birmingham in fall 2022.
About Prosper
Prosper is a coalition of community, civic and business leaders committed to creating a more vibrant and racially inclusive economy. Core to every action by Prosper is whether the action is equitable and whether it will invest in Birmingham’s and Jefferson County’s Black community and women.
About Redhawk
Redhawk is a registered Investment Advisor with offices in Birmingham. Founded in 2018 by Matt Hottle and Mickey Millsap, Redhawk focuses on identifying investments in early-stage startups with high growth potential across a broad range of industries.
