
AlphaLab Health
Description
AlphaLab Health is a prominent healthcare and life sciences accelerator based in Pittsburgh, Pennsylvania. It operates as a unique joint venture between Innovation Works, a leading seed-stage investor in the region, and UPMC Enterprises, the venture arm of the University of Pittsburgh Medical Center. This strategic partnership leverages Innovation Works' extensive experience in accelerator programming and early-stage company development with UPMC's vast clinical resources, market access, and deep industry knowledge. The accelerator's primary mission is to accelerate the scientific, clinical, and market validation for nascent healthcare and life science technology companies, aiming to bring innovative solutions to market faster.
The program targets early-stage startups that are developing innovative solutions across various healthcare domains, including digital health, medical devices, diagnostics, and therapeutics. Companies accepted into the AlphaLab Health program receive a standardized seed investment of $100,000. Beyond capital, participants benefit from intensive, individualized programming, mentorship from industry experts, and unparalleled access to UPMC's clinical environment and research facilities. This access allows startups to conduct pilot studies, gather clinical data, and validate their technologies within a real-world healthcare system, significantly de-risking their development process.
AlphaLab Health's value proposition lies in its ability to provide critical resources and strategic guidance, preparing companies for subsequent larger funding rounds and successful market entry. The accelerator's cohorts are typically small, often supporting around 5-7 companies per cycle, allowing for highly personalized support. Since its inception, AlphaLab Health has played a significant role in fostering Pittsburgh's growing health tech ecosystem, attracting and nurturing promising startups. The program's unique structure, combining accelerator expertise with a major healthcare system's resources, positions it as a vital launchpad for healthcare innovation, leveraging the extensive network and potential for follow-on investment from both Innovation Works and UPMC Enterprises.
Investor Profile
AlphaLab Health has backed more than 21 startups, with 0 new investments in the last 12 months alone. The firm has led 10 rounds, about 48% of its total and boasts 0 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Pre Seed, Seed rounds (top funding stages).
- Majority of deals are located in United States.
- Strong thematic focus on Health Care, Medical Device, Medical.
- Typical check size: $100K.
Stage Focus
- Pre Seed (57%)
- Seed (43%)
Country Focus
- United States (100%)
Industry Focus
- Health Care
- Medical Device
- Medical
- Health Diagnostics
- Biotechnology
- Manufacturing
- Machine Learning
- Pharmaceutical
- Life Science
- Therapeutics
Frequently Asked Questions
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