Prosper HealthTech Accelerator

Where founders and healthcare leaders co-innovate. Strategically located in Birmingham, AL - the new center of gravity for healthcare innovation in the Southeast.

About the Program

At Prosper HealthTech Accelerator, our mission is to identify and support the most audacious and disciplined healthcare founders, providing them with the resources and network to reimagine the healthcare industry. We envision a healthcare system transformed by the innovative solutions of our portfolio companies, making Birmingham, Alabama, the epicenter of healthcare innovation in the Southeast. Our program is ideal for early-stage companies that tackle major healthcare challenges. Our process ensures we partner with those capable of delivering significant impact.

Up to $90k into your high growth, digital health startup. Access to gener8tor's global network of investors and mentors.

The Alabama Ecosystem

Alabama, particularly Birmingham, boasts a robust tech and healthcare ecosystem. As the largest healthcare cluster in Alabama, Birmingham is home to over 1,500 clinical trials and 75+ healthcare companies. This vibrant environment offers unparalleled opportunities for startups to collaborate with leading healthcare institutions and access a rich talent pool, positioning Birmingham as the new frontier for healthcare innovation in the Southeast.

What We Look For

The companies who get the most value from our accelerator demonstrate two or more of the following attributes:

Innovative Technology - Unique tech or IP that stands out.
High Utilization - Products that customers love and use repeatedly.
Impactful Solutions - Services that cut costs or save lives.
Market Potential - Strong branding potential and scalability.
Clinical Validation - Proven effectiveness in clinical settings.
Industry Experience - Founding team with healthcare industry expertise.

Upcoming Program

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Managing Director

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To be announced soon!

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We are not currently accepting applications for this program.

Stay tuned. While there aren't any upcoming programs for this location at the moment, there are plenty of other available opportunities at gener8tor!

What Founders Say About Us

 Program Benefits + Perks

 

Selected team will receive a variety of benefits provided by our program partners:

  • Office space within Prosper’s headquarters.

  • Twelve weeks of individualized coaching and mentorship from the gener8tor team during bi-weekly, one-on-one meetings.

  • One-on-one meetings with 100+ connections including serial entrepreneurs, industry experts and investors.

  • Weekly cohort programming featuring topics including understanding market size, choosing a revenue model, and how to pitch investors.

  • Exclusive Premiere Night reception during which participating companies have the opportunity to pitch to an audience of entrepreneurs, mentors, investors and community members.

  • Opportunity to build relationships within the cohort of five companies, and the community of gener8tor alumni.

  • $1M + in deals and perks from vendors like IBM Cloud, Rackspace, Amazon, PayPal, Zendesk, Hubspot and Microsoft.

  • $60K in exchange for 6% common stock equity.

Questions? Sign Up for Office hours

Amanda Williams
Program Manager
amanda.williams@gener8tor.com

Kellie Clark
Managing Director
kellie.clark@gener8tor.com

Frequently Asked Questions

Do you have more questions about our program? Browse our most frequently asked questions and answers here.

  • You will receive hands-on, care focused go-to-marketing and fundraising consulting for three-months and access to our network, seed capital, and office space for you and your team.

  • Our deal terms are very straight-forward and founder friendly. PHTA receives a 6% common equity stake in your company. PHTA usually ends up with less than 4% of the common stock after your seed+ round.

  • No. PHTA does not get a board seat. We get information rights like financial statements and capitalization tables.

  • We have no interest in stealing your idea and that would be bad business for us. We won’t show your application to anyone outside of PHTA-gener8tor. We see hundreds of applications each year and many have very similar ideas. For this reason, we do not sign NDAs.

  • On occasion, we accept companies with a single founder, but having a strong team of two or three founders greatly increases your chance of being accepted.

  • No. Terms are fixed across cohorts. We do not make exceptions.

  • No. Accepting PHTA's terms is required for participation.

  • Our program is in-person for 12-weeks in Birmingham, AL. We use this time to de-risk our investment in portfolio companies, practice strategic networking, and hyper focus on helping you meet your KPIs.

  • While there will be some virtual meetings with mentors and investors, our program is in-person Monday - Friday. There is no virtual option.

  • The focus of the program is helping our companies build sustainable, profitable businesses. We encourage the founders of our portfolio companies to spend the majority of their time marketing their business, following up with leads, and executing for interested customers. This is not a school or a pedantic program. There are structured elements including one-on-ones, office hours, founder discussions, and events that are geared to expanding your network and resolving challenges you are facing. You will be asked to meet with a lot of people during the first month of the program. This will be a distraction from the blocking and tackling of marketing and sales, however, our alumni have found that these relationships pay off in the long run. During the last month of the program, most of our portfolio companies spend a significant amount of time raising capital and preparing for showcase.

  • Most gener8tor alumni companies raise a seed round between $250k and $1M upon completion. We'll guide you in crafting your pitch, gaining early customers, and mastering the strategies for angel or venture capital funding. Our introductions and investor events can be crucial to your fundraising success. However, while we significantly boost your chances, raising capital still requires substantial time and effort on your part.

  • You are part of PHTA for the life of your company. We hope that our portfolio companies see us as an extra founder or special advisor. We are often the first people that our founders email when they are doing something new or have a difficult decision to make. Most founders see us as experienced friends rather than investors and realize that they can talk to us about things that they might not be comfortable talking to others about initially. This includes reviewing contracts, investor term sheets, discussing employee issues or key hires, or just getting a beer to blow off some steam. We continue to make introductions and help whenever we are called upon. Once PHTA, always PHTA.

  • Other than spending 5 minutes each month to update us on your progress, no. Though we do hope you continue to be an active member of the PHTA and support/mentor other portcos.

OUR PARTNERS

Revolutionizing healthcare is a colossal task; it's not a solo journey. Meet our allies.


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