The 2023 Call for Applications Is Open!
VITA Accelerator has announced that its second call for applications is now open for digital health startups.
The accelerator is looking for pre-seed or seed digital health startups, either based in Italy or interested in operating in Italy and willing to set up an Italian entity in order to develop, localize and or commercialize their product or service in Italy.
Applications will be evaluated on a rolling basis, with a deadline of April 17th, 2023. Interested start-ups are asked to send in a complete application and also check out the innovation challenges of the Partners to understand which they might be able to collaborate on during the program.
The accelerator will select up to 10 startups, each of which will be offered 150k€ initial investment, with 90K€ in cash as a convertible loan, in exchange for 3-6% of equity according to the maturity of the startup.
In addition, a follow-on investment of up to 400K€, and up to 2M€ cumulative follow-on investments will be offered for the most promising cases.
VITA Accelerator offers startups a unique opportunity to collaborate with our Innovation Partner Zcube – Zambon Research Partners and Corporate Partners Petrone Group and SIFI Group, solving their Innovation Challenges. During the Program, selected startups that have a match with any of the Innovation Challenges, will work on the proof-of-concepts (POCs) together with the Partners and have the potential to continue these collaborations even after the completion of the acceleration program.
The program will be delivered over 5 months, in a hybrid format, combining on-site activities with online sessions. The curriculum will be tailored to each team and be composed of lectures and workshops, with the priority given to 1-to-1 expert mentoring sessions. Each startup will also be assigned to an end-to-end Mentor to help navigate the program, set goals and track progress.
Accelerator Founding partners, CDP Venture Capital SGR, Healthware Group and Accelerace, bring a combined expertise in shaping, operating, and advising accelerator program, as well as digital health knowledge and extensive ecosystem connections.
The program will be centered around several guiding themes, including Digital Health & Pharma, Product Development & Service Design, Business Development & Partner Cooperation, and Fundraising, Soft Skills & Events. The startups will also have access to the Italian patient associations and hospitals that are among the VITA Ecosystem partners, as well as VITA networking events with key Italian and international digital health investors.
Selected startups will receive full access to the Frontiers Health Global Conference 2023, one of Europe's premier digital health events, taking place in Rome on November 8th-9th. The event provides a platform for startups to increase their visibility and engage with a global community of top digital health innovators. The VITA Program will culminate with a special session for the 2023 Demo Day at the conference.
The VITA Accelerator team is welcoming applications for digital health startups until April 17th, 2023 and encourages teams to apply as soon as they can as the submissions will be reviewed on a rolling basis.
Program details and application process can be found here. For more information, contact us at info@vitaaccelerator.it