Colorado University's Anschutz Medical Campus and UCHealth as well as Children's Hospital Colorado are set to benefit from an innovation hub that will support commercialisation efforts.

Startup Health, a US-based investment syndicate, yesterday launched a regional network affiliate in Colorado, partnering Colorado University’s Children’s Hospital Colorado, academic health centre CU Anschutz and health system UCHealth.

The initiative is the second such network, following the launch of Startup Health Finland last year.

Startup Health will create an innovation hub to attract entrepreneurs, medical professionals, investors and industry stakeholders. Startup Health Colorado will work with each institution to build a portfolio, validate and commercialise at least 30 healthcare products and services.

The hub will co-locate with tech transfer office CU Innovations and will also be supported by state agency Colorado Office of Economic Development and International Trade and the Advanced Accelerator Grant Program.

Participating startups will also gain access to Startup Health Academy, a lifetime coaching program.

Kim Muller, director of CU Innovations at CU Anschutz, said: “Colorado is emerging as a leading startup hub in the country. Startup Health is bringing their knowledge and experience of building early-stage health companies directly to the Rocky Mountain region.

“We are confident that we will build long lasting relationships and partnerships with the entrepreneurs based right here in Colorado.”

Gil Peri, senior vice-president and chief strategy officer of Children’s Hospital Colorado, said: “We are excited to be a founding partner of Startup Health Colorado along with other leading institutions in the area because together we can build one of the most advanced health innovation hubs in the US.

“Our vision is to speed up the pace of innovation by working collaboratively and to lead the way in supporting a generation of entrepreneurs and health practitioners to create meaningful solutions to help our patients.”