Housed in a 100,000-square-foot, state-of-the-art facility in Houston, TMCx is a digital health accelerator program launched in 2015 by the Texas Medical Center’s Innovation Institute. Texas Medical Center is the world’s largest medical complex, with 21 hospitals on its campus. Now TMCx is seeking applications for its 2018 class of startups.
TMCx is designed to lower barriers of access to the world's largest medical center, allowing startups to leverage an expansive advisor network from the 21 Texas Medical Center hospitals and tailored curriculum, to clinically validate and find product market fit for their solutions.
The TMCx Digital Health 2017 cohort of 21 startups raised over $44 million and had 84 engagements with potential customers in the form of pilots and agreements over the course of a four-month program. This program is at no cost to the companies and TMC does not retain equity.
The new class starts Feb. 12, 2018, and the deadline to apply is Nov. 17, 2017.
In a 2016 interview with Healthcare Informatics, Erik Halvorsen, director of the TMC Innovation Institute, said one key focus is addressing the hospitals’ pain points. Before selecting the startups for the 2016 TMCx program, his team spoke to the CIOs of all the major hospitals that are part of TMC about their unmet needs and created a list of about 15 topics that became part of the selection criteria. “We bring these companies in and accelerate them, incubate them and connect them at an early stage so they can use these relationships to get feedback,” he explained. “That ensures they are building something that somebody actually wants.”