Orlando, Fla. (June 21, 2019) – AireHealth, the recent winner of Rise of the Rest, has been chosen to participate in a new program from GuideWell Innovation designed to help women-founded health care technology companies accelerate their growth.
The firm was one of just five companies from the entire Southeast U.S. and the only one based in Orlando.
“AireHealth is excited to join this outstanding cohort of health tech talent as we position our businesses for growth”, Stacie Ruth, Co-Founder & CEO. “We are honored that a company like GuideWell, which is focused on technology, would choose us in this very tough competition.”
The new program, the GuideWell Emerging Health Tech Accelerator, was designed after a significantly strong response to the GuideWell Scale-up Accelerator, designed for larger, revenue producing companies founded by women.
The GuideWell Emerging Health Tech Accelerator is a 10-week program that provides opportunities for pre-revenue health tech and medical device companies to tap into the GuideWell Scale-Up Accelerator program and mentor network, while also participating in additional program elements for early-stage, pre-revenue companies.
“We were thrilled with the quality of the applicant pool of female-founded companies at varying stages, which is why we made the decision to expand the program to include an Emerging Health Tech cohort for earlier stage companies as well as the Scale-Up Accelerator cohort for those that are more established. We are honored to be able to work with these amazing companies,” said Kirstie McCool, executive director of GuideWell Innovation. “The collaboration with Springboard brings forward a fantastic network of mentors that I know will help accelerate the growth of these companies.”
For the Summer 2019 cohorts, GuideWell Innovation is partnering with Springboard Enterprises, a nationally recognized accelerator dedicated to technology companies founded by women. Springboard Enterprises is a nationally recognized accelerator for women-led, high growth, scalable businesses. Since launching its first program in 2000, Springboard has worked with 735 women who have raised $8.5 billion in capital, resulting in 17 IPOs and 185 M&A exits.
AireHealth is a client company in the Research Park Innovation District, a new endeavor from the University of Central Florida to provide incubation and other services to targeted companies. This type of announcement showcases the ability to partner across the Central Florida economic ecosystem.
“Stacie and her team at AireHealth truly showcase what can happen with great CEOs and a great concept,” says Carol Ann Dykes Logue, director of the Lake Nona and Research Park Innovation Districts. “Emerging companies can use all the support they can acquire, and Central Florida is well positioned to provide it to scalable companies like AireHealth.”
The Emerging Health Tech cohort will continue through September 13, with additional mentoring and an opportunity to present to investors at the Starter Studio Health Investor Showcase.
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AireHealth: Media Relations, firstname.lastname@example.org
About AireHealth: AireHealth’s portable nebulizer and connected care mobile application, helps 100+ million people in the U.S. living with respiratory illness (including 29+ million “wheezy” kids) become more proactive with their respiratory care in an effort to improve outcomes and lower the overall cost of respiratory care. AireHealth’s FDA cleared Class 2 portable nebulizer is designed to deliver medicine directly to a patient’s lungs where it is most effective. Also, AireHealth’s connected care mobile application, provides patients with medication reminders and asthma trigger alerts, where and when patients need them.
Together the FDA cleared nebulizer and connected care application, helps patients take a more proactive approach to managing their respiratory care, and helps them achieve their goal of improving treatment outcomes and lowering costs. For more information, please visit Aire.Health.
About the UCF Business Incubation Program: The University of Central Florida Business Incubation Program is a community resource that provides early-stage companies with the tools, training and infrastructure to become financially stable, high growth/impact enterprises. Since 1999, this award-winning program has helped over 390 local startup companies reach their potential faster by providing vital business development resources.
With seven facilities throughout the region, the UCF Business Incubation Program is an economic development partnership between the University of Central Florida, the Corridor, Orange, Osceola, Seminole and Volusia counties, and the cities of Apopka, Kissimmee, Orlando and Winter Springs. For the 2016/17 and 2017 /18 fiscal years, the activities of these participating firms have helped sustain more than 6,275 local jobs and have had a cumulative impact of more than $888 million on regional GDP and more than $1.59 billion on regional sales. During the same period, the program has returned $12.03 for every $1 invested in the program. For more information, visit Incubator.UCF.edu.
About GuideWell Innovation: GuideWell Innovation, a subsidiary of GuideWell Mutual Holding Corporation (GuideWell), drives collaborative innovation for the family of forward-thinking companies that make up GuideWell. Headquartered in Orlando’s Lake Nona Medical City at the GuideWell Innovation CoRE (Collaborative Resources Ecosystem), GuideWell Innovation focuses on transforming the health system into a more integral and useful part of people’s everyday lives by fast tracking the delivery of next-generation health solutions. For more information, visit GuideWellInnovation.com.