Got an idea that will disrupt the world of health care? Health Wildcatters wants you to apply for its accelerator program.
The Dallas-based accelerator is accepting applications for its fourth class of entrepreneurs through June 15. It will choose about a dozen teams.
Health Wildcatters, founded in 2013, offers seed funding, mentors and other resources to entrepreneurs and companies with innovative solutions for the health care industry. It was just ranked among the top 23 accelerators in the U.S., according to MIT’s Seed Accelerator Rankings Project. The rankings look at metrics, including fundraising success, alumni network and founder satisfaction.
Entrepreneurs attend a 12-week program that runs from August to November. They receive $30,000, in exchange for 8 percent equity.
They can also get up to $350,000 in additional funding through investors and backers of Health Wildcatters through a convertible note that becomes a loan or equity, chief executive Hubert Zajicek said.
The first two classes of entrepreneurs have raised a total of more than $12 million in funding after leaving the program, Zajicek said. The accelerator’s third class met with about 20 health care venture capital firms last year.
The accelerator introduces the new companies to the Dallas area, so “whatever they end up doing, they have strong ties to our region,” Zajicek said.