Tech startup accelerator Bizdom is putting an emphasis on health and wellness for its next session and is on the lookout for a few exciting digital health companies in (or willing to relocate to) Cleveland.
Bizdom invests up to $125,000 in each startup chosen for the program and provides mentoring in sales, marketing and technology.
With assistance from a $240,000 grant from the Ohio New Entrepreneurs Fund, the three-month summer/fall 2014 program will support 12 startups. The deadline to apply is Monday.
Cleveland business leader Paul Allen said digital health startups are a natural fit for the accelerator because healthcare is a core asset to the region, so several mentors have related expertise and work closely with local industry players.
Accepted companies will receive $25,000 in seed funding in exchange for 8 percent equity. They also have access to the Quicken Loans network and family of companies, as well as the opportunity to receive a $100,000 convertible note.
Bizdom was founded by Quicken Loans founder and majority owner of the Cleveland Cavaliers, Dan Gilbert. It also operates an accelerator in Detroit.
