Summer Accelerator 2017
Three months in Portland, Maine. The way startup life should be.
Start Date: June 12th
Demo Day: Sep 8th
Investment: Up to $25K
Sector Focus: Health
Apps Close: April 3rd
Venture Hall and our partners, Unum and MaineHealth, are seeking promising early stage companies from across the country to be a part of our first accelerator cohort beginning in June 2017. Companies will spend three months in Portland working through an intense program developed by Venture Hall and Village Capital.
Teams will be selected, in part, by how well their solutions apply to the set of challenges described in our unifying problem statement.
Why Venture Hall?
Developed in partnership with Village Capital, our training is based on the experience of hundreds of startups in accelerators around the world, yet flexible enough to meet you and your team where you are today.
Close Corporate Partnerships
Innovation starts by understanding the world in which you operate. Working with partners like Unum and MaineHealth help get you out of the startup bubble and into reality.
Working side-by-side to push and encourage you, our mentors provide a mix of vital startup experience and subject matter expertise. Mentors can impact your startup in lasting ways, so we take these relationships seriously.
Peer-Selected Investment Model
Also developed by Village Capital, peer selection crushes the old-boy-network investment model by focusing on how each team actually performs over time– better than the cursory glances most startups get from investors.
Zero Equity Taken
Venture Hall is a nonprofit. We don’t manage a fund, so we don’t have LPs to keep happy. Your goals are our goals. Our job is to help you make the biggest impact possible. When that happens, funding options abound.
A different kind of startup experience.
- There’s a reason we say Venture Hall “is the way startup life should be.” Several, actually. And they go beyond the particulars of the program.
We know that building a startup may be the hardest thing you ever do. The last thing you need is to suffer through a manufactured pressure cooker, practicing your way to demo day. This is not a dance. You aren’t doing this to put on a show.
You’re doing it because you believe you can make a difference in the world. You see a future that’s a little better than today and it’s your mission to make it happen. That’s our mission, too. We want to help you make great things. World-changing things.
- We do that by committing to a small cohort limited to 10 teams, so everyone gets the attention they deserve. And by forming the cohort around a problem statement that creates more opportunities for shared learning and collaboration.
We do that by creating a process that is as inclusive and founder-friendly as any accelerator can be. Peer-selection has been proven to increase the rate at which female founders, for example, get funded.
And we do that by hosting it right here in Portland, Maine, where living is easy, yet Boston is just a 90 minute drive away. If you’re going to work as hard as you ever have in your life, (and you will) best do it in a city that makes life easy.
Our Partners Accelerate Your Progress
Enterprise-level partners are an important competitive advantage for any startup. In addition to domain expertise, working with large, influential partners like Unum and MaineHealth gives a startup advantages you can’t easily acquire on your own:
- Access: More users and more use cases
- Speed: Higher volume of testing and iteration
- Insight: Deep regulatory and operational perspective
- Scalability: Large channels for sales, marketing, integration
- Credibility: To buyers and to investors
- Joint Venturing: Potential for long-term relationships
While Unum is the US’s #1 provider of individual and group disability insurance, they offer a full array of benefits solutions to meet the needs of both employers and their workers. Their award-winning absence management and vocational rehabilitation services help ease the disruption to both businesses and employers by enabling them to return to full capacity as soon as they are able.
- $10B in Revenue
- 79,800 Employer Customers
- 27.6 Million People Covered
- 1500 Hospital Customers
- Dozens of Startup Partnerships
- MaineHealth is a not-for-profit family of leading high-quality providers and other healthcare organizations working together so their communities are the healthiest in America. Ranked among the nation’s top 100 integrated healthcare delivery networks, MaineHealth members include medical, behavioral, rehabilitation and home healthcare providers.
- 10 Hospitals
- 16,000 Employees
- 1300 Physicians
- Top 100 Integrated Healthcare Networks
- Tufts Medical School Partner
The Problem Statement
Healthcare is the largest private sector industry in the United States, impacting nearly every individual in some material way. Delivering effective care to patients requires the highest level of training, skill, dedication, teamwork and technology. Unfortunately, the job of providing healthcare creates significant burdens for those on the front lines.
Too often, members of the care team are limited by time, resource and information constraints, which make an already challenging job even harder to do. As a result, healthcare workers have some of the lowest job satisfaction ratings and highest rates of absenteeism and burnout of any industry, which translates directly into lower quality of care, and lower quality scores for healthcare providers.
We are looking for early stage companies that can provide solutions to improve how the healthcare industry supports the care team. We will consider all solutions that show strong potential to result in increased healthcare worker well-being, efficacy, engagement, and resilience.
Are you working on solutions to these challenges?
Or an adjacent solution in health and wellness?
If so, you might be a fit for our program.