prosper bham — Prosper creates a more inclusive economy through community and business leadership. Photo via Prosper Birmingham’s Facebook

Listen up, business owners! Prosper announced a new assistive program that connects cutting-edge health technology startups in order to help grow businesses. Here is everything you need to know about the new HealthTech accelerator program.

Here’s what Prosper had to say

J.W. Carpenter, the President of Prosper. Photo courtesy of Prosper Birmingham. — J.W. Carpenter, the President of Prosper. Photo via Prosper Birmingham

In partnership with gener8tor, a nationally ranked Wisconsin startup accelerator and venture fund, Prosper is launching the Prosper HealthTech Accelerator program for Birmingham citizens.

“We think the Birmingham region can be world-class in HealthTech and create the companies, products and talent that will work with our communities to solve our most urgent health challenges.”
J.W. Carpenter, President, Prosper via press release

Prosper is a coalition of business leaders committed to creating a racially inclusive economy. The accelerator will invest in startups chosen for the program through a fund managed by Redhawk Advisory.

“Prosper’s HealthTech Accelerator will build off the strengths of an ecosystem that includes UAB, Blue Cross Blue Shield, Therapy Brands and Pack Health along with a burgeoning startup scene. We believe this ecosystem will provide our diverse group of companies the opportunities for funding, mentoring and networking necessary to grow—and add even more vitality to ana already thriving space. We have alignment with top leaders from across sectors who believe this accelerator is a key step in evolving Birmingham into a world-class HealthTech ecosystem.”
J.W. Carpenter, President, Prosper via press release

What the program has to offer

Prosper works with Birmingham businesses to support the city's black community and women. Photo courtesy of Prosper Birmingham. — Prosper works with Birmingham businesses to support the city’s black community and women. Photo via Prosper Birmingham

Selected startups will take up residency in Birmingham, but the accelerator will accept applications from across the United States. The HealthTech Accelerator is a 12-week program that will run up to two groups of five companies a year.

“Birmingham has built a wide and growing entrepreneurial ecosystem filled with organizations ready to connect and support founders in the HealthTech space. We are excited to recruit and support founders and companies that are looking to take the next step in their startup journey.”
Mickey Millsap, Co-Founder, Redhawk Advisory via press release

Companies in the program will receive perks to further their growth including: