We’ve written frequently about Plug and Play over the past year. Back in March, the world’s largest startup accelerator Plug and Play accepted 111 Startups into six of its accelerator programs. Yesterday, Plug and Play Cleveland, the global innovation platform matching health tech startups and corporate partners to disrupt the healthcare system and improve patient outcomes, announced the results of Batch 2 Selection Day. Held at both Cleveland Clinic and University Hospitals, the two-day event brought together over 300 clinical champions to hear pitches from 20 exclusive startup companies in and around the health tech field.
Founded in 2006, Plug and Play is a global innovation platform. Headquartered in Silicon Valley, they have built accelerator programs, corporate innovation services, and an in-house VC to make technological advancement progress faster than ever before. Since inception in 2006, their programs have expanded worldwide to include a presence in over 20 locations globally giving startups the necessary resources to succeed in Silicon Valley and beyond. With over 6,000 startups and 220 official corporate partners, they have created the ultimate startup ecosystem in many industries. They provide active investments with 200 leading Silicon Valley VCs, and host more than 700 networking events per year. Companies in their community have raised over $7 billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club, and PayPal.
Selection Day is part of Plug and Play Cleveland’s 12-week Innovation Platform that occurs twice a year to identify a cohort of startups to be granted inside access to Cleveland’s preeminent institutions. In partnership with Cleveland Clinic, University Hospitals and JumpStart Inc., Plug and Play Cleveland provides opportunities for startups to collaborate alongside business leaders and clinical champions. Many of these startups then leverage these connections to establish more formal agreements, including pilots, proofs of concept studies, and joint ventures to advance their business objectives. Plug and Play Cleveland may provide funding to companies that best align with their corporate partners’ needs.
“Cleveland Clinic is a pioneer in health care and always looking to improve care for our patients. Through our relationship with Plug and Play Cleveland, we are able to find companies with unique expertise to help us utilize innovative ways to enhance patient care,” said Sarah Stamp, General Manager, Operations and Administration at Cleveland Clinic Innovations.
Read the full story at Tech Startups.