USA – MATTER, the premier healthcare incubator and innovation hub, has announced the launch of a new incubation program in collaboration with Amazon Web Services (AWS) called AWS Expand.
The dual-track program will prepare Europe, Middle East and Africa (EMEA) based startups to enter and understand the intricacies of the US healthcare market through education, mentorship and exposure to potential customers and partners.
The first track will welcome 30 EMEA-based healthcare startups to the MATTER community as members for three months beginning this summer.
As MATTER members, the startups will have access to MATTER’s robust investor and industry network, strategic connections to potential customers, and a mentor clinic with 350 industry experts who serve as MATTER mentors.
The startups are privileged to have exclusive invitations to curated forums with industry leaders and a curriculum with more than 100 workshops on topics including the FDA approval, reimbursement, intellectual property and sales strategy.
The second track will identify an additional eight startups to participate in a high-touch, eight-week incubator concentrated on curating introductions to key potential US customers through both one-on-one and group sessions.
The incubator will culminate in a demo day, with the cohort presenting their solutions to a panel of industry stakeholders. Applications for both programs open in July, and the program will end in November.
“AWS is committed to helping healthcare startups across the globe find new opportunities and scale their businesses, and that often means expanding beyond their own borders,” said Jared Saul, MD, global lead for healthcare & life sciences startups and investors at AWS.
“We look forward to working with MATTER to give EMEA-based companies the tools, knowledge and connections to successfully enter the US market.”
“The US healthcare industry is different from other local healthcare markets. Its nuances and intricacies require a distinct knowledge base,” said Steven Collens, CEO of MATTER.
“As a global healthcare incubator headquartered in Chicago, MATTER will help these startups adopt the right lens that will be critical to their success in the US.”
AWS Expand is the first formal collaboration between MATTER and AWS and demonstrates both organizations’ dedication to making our divided global healthcare market an easier place to navigate, allowing for innovation to advance at a faster pace.
“AWS Expand presents a unique opportunity to advance the Sapien business with access to industry-leading experts, extensive educational resources and potential clients,” said Matthew Beatty, CEO of Sapien Health and AWS Expand participant.
“This initiative will help Sapien transform perioperative care for people across the US and in doing so help millions of people have a successful surgery.”
Earlier in March 2022, the Amazon Web Services (AWS) Healthcare Accelerator announced the first 12 innovative healthcare solution start-ups in the UK cohort of its program.
The start-ups selected for the programme were picked from 117 applications spanning 13 countries. It was the first UK-based accelerator program from AWS, following successful schemes in the US.
The selected organizations including Dignio, Sapien Health, Dr Julian, DDM Health, PEP Health Remedy Rx and Birdie among others have to go through the four-week program that aims to improve patient care, improve clinician experience, deliver better health outcomes and lower the cost of care.