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March 13, 2023 | Tom Ballard

Novant Health announces new opportunity for healthcare entrepreneurs

Selected start-ups will receive collaboration, mentorship, coaching, and networking opportunities with the health system’s internal stakeholders and external partners.  

North Carolina-based Novant Health has announced a yearlong program for entrepreneurs looking to break into the U.S. healthcare industry.

A part of the nearly one-year-old Novant Health Innovation Lab, the new program named “Innovation Nexus” is a paid membership that offers participants an insider’s view of Novant Health’s innovation ecosystem. Selected start-ups will receive collaboration, mentorship, coaching, and networking opportunities with the health system’s internal stakeholders and external partners.

“Innovation Nexus” members will be matched with Novant Health subject matter experts – including clinical, technical, and business leaders and team members – who will serve as mentors. The program will guide start-ups through the complex data, integration, funding, and sourcing processes in healthcare and within Novant Health.

“Since opening the Novant Health Innovation Lab doors a year ago, our team has met dozens of start-ups looking to enter the healthcare industry,” said Paula Kranz, Vice President of Innovation Enablement, Novant Health. “The common thread we’ve seen with many of them is that they often aren’t fully aware of the layered process that lies ahead. We’ve seen the incredible potential in some of these companies and believe we can help them ignite their businesses by providing valuable coaching. We are excited to leverage our expertise and provide access to our powerful ecosystem while helping bring to life pilot programs and realize possible benefits for our patients and team members.”

With an overarching focus on health equity and access, “Innovation Nexus” projects may specialize in, but are not limited to, differentiating artificial intelligence, ambulatory care expansion, virtual care, remote patient monitoring, mental health, robotic process automation or mixed virtual and augmented reality.

Interested companies may apply here. There is no deadline to apply, but available spaces are limited. Membership fees are determined by implementation complexity.


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