Village Capital, in collaboration with the Deloitte Health Equity Institute (DHEI) and with support from Impact Ventures by Johnson & Johnson Foundation, is launching a call for applications for the “LIFT: Accelerating Equitable Health Innovation” accelerator.
Donor Name: Village Capital
State: All States
County: All Counties
Type of Grant: Program
Deadline: 05/06/2024
Size of the Grant: $1000 to $10,000
Grant Duration: Grant Duration Not Mentioned
Details:
LIFT: Accelerating Equitable Health Innovation will work with ten startups advancing health equity across the US.
This accelerator program will focus on supporting non-medical solutions that address disparities in the social drivers of health for historically marginalized communities.
From June to September 2024, the selected startups are expected to work closely with industry experts, investors, and ecosystem partners and will participate in a one-week intensive workshop, followed by monthly check-ins, and one in-person Summit. A founder/C-suite member of each selected startup will travel with all expenses included to the Summit.
This hybrid program will support ten startups. Village Capital is seeking startups across the US focused on addressing critical non-medical drivers of health and with the mission to improve health outcomes for historically marginalized communities including, but not limited to, Black, Hispanic, APPI (Asian, Pacific Islander), and AIAN (American Indian, Alaska Native) individuals, low-income, LGBTQ+, disabled, or rural communities.
What they are looking for?

Focus on reducing health bias and equity gaps

Solutions supporting historically marginalized communities facing health challenges and inequities.

Focus on building trust in underserved communities

Solutions engaging and strengthening communities.

Cultural and behavioral sensitivity

Solutions that use a creative, cultural, and behavioral lens.

Lived experience

Founders who are building solutions for challenges they have experienced or communities from which they come.

Benefits startups will receive:

Mentorship

Mentorship from potential strategic partners, customers, founders, prominent US investors, and business leaders.

Connections & Exposure

Access to a diverse and inclusive network of mentors and founders within healthcare and healthtech. Exposure on Village Capital’s program website and other communications collateral.

Financial Analysis & Support

1:1 coaching with an investment analyst focused on building a financial model, identifying unit economics, and on using financial metrics to drive both their business and investor diligence.

Continued Learning

Participate in mock board meetings with representatives from enterprise healthcare organizations, corporations, and investors that can help their organization scale.

Events

Interactive virtual workshops tailored to help your company identify early milestones and prepare them for your next round of capital (if relevant), and one in-person program summit.

Funding

All startups will receive a USD 10K non-dilutive grant.

Eligibility Criteria 
Eligible startups must have:

Legal incorporation as a for-profit entity.
Headquartered and with operations in the United States.
Market-based solution that tackles the challenges above for communities in the US.
Have a minimum viable product (MVP), and raised less than USD 1.5M in equity.
Have at least one full-time founder based in the US.
Have meaningful customer or business validation (not limited to revenue, it can also be successful pilot studies, number of users, and/or strategic partnerships).

For more information, visit Village Capital.