Tampa Bay Wave, Florida's premier non-profit accelerator for high-growth startups, is proud to announce its strategic collaboration with the University of South Florida (USF), powered by a grant from the U.S. Economic Development Administration (EDA), to introduce the HealthTech|X Accelerator program. This innovative initiative, scheduled to launch in mid-2024, marks a significant milestone in fostering innovation, supporting high-potential healthtech startups, and promoting entrepreneurship in the Tampa Bay region.
"Thanks to the invaluable support from the EDA, coupled with collaborators like USF, we are able to combine our strengths and resources to empower healthtech startups and enhance innovation in our welcoming Florida ecosystem," said Linda Olson, CEO of Tampa Bay Wave. "This partnership solidifies our dedication to supporting diverse entrepreneurs and building a thriving tech community in the region."
Unlike many accelerators, Tampa Bay Wave is a non-profit organization that takes no equity in the companies it supports. This unique approach reflects its commitment to providing startups with comprehensive support without requiring them to relinquish ownership.
Key Features of the HealthTech|X Accelerator
- Innovation Hub: In the heart of the Downtown Tampa Medical District, the accelerator will utilize
the state-of-the-art USF Health’s Center for Medical Learning and Simulation (CAMLS) and the WAVE Venture Center as its primary venues for in-person programming, signature events, and company pitches.
Occasional programming will also be hosted by partner organizations across the region.
- Collaborative Environment: Participating startups will work side by side, fostering a collaborative and non-competitive
atmosphere. They will be guided by a dedicated team with access to Tampa Bay Wave's
extensive alumni and expert mentor networks.
- Comprehensive Support: The HealthTech|X Accelerator will follow Tampa Bay Wave's proven 90-day immersive
model, offering participating companies one-on-one mentoring with tech founders and
investors, guidance from an Advisory Council of industry experts, pitch coaching,
and investment readiness training. Startups will have access to essential resources
required to transform into high-growth, scalable businesses.
- Continued Support: Tampa Bay Wave's commitment extends beyond the 90-day program. Participating companies are eligible to receive ongoing support as they progress through Seed, Series A, and even Series B rounds.
USF, as a recognized national leader in high-impact research and innovation, brings a wide range of resources to the HealthTech|X Accelerator, aimed at enhancing the program experience for startups.
“USF is committed to fostering innovation and the growth of health tech startups in our region,” said Sylvia Wilson Thomas, interim vice president for research & innovation. We look forward to collaborating with Tampa Bay Wave on future projects that support an inclusive ecosystem that empowers entrepreneurs and drives healthcare technology advancements."