The accelerator will focus on health and fitness technologies and is being support by Johns Hopkins University, University Maryland and others.
Johns Hopkins University has revealed a new accelerator program on its campus, called M-1 Ventures, that will be aimed at startups developing healthcare and fitness technologies, according to the Baltimore Sun.
The institution has teamed up with University of Maryland, Plank Industries, Brown Advisory and Abell Foundation. The accelerator will offer a 16-week program to begin this September.
The accelerator will be open to applications from startups based internationally, with a total of five to be selected for the first cohort.
M-1 Ventures will be based at Johns Hopkins University’s startup hub FastForward East, where participating startups will be given co-working space. The participants will also receive $25,000, legal and accounting services and access to experts.
Paul Singh, an angel investor who will lead the program, said: “I see all these accelerators out there and they are cool. But particularly when it comes from an investor’s standpoint, I think what a lot of these companies need is a vertical accelerator.”
Christy Wyskiel, a senior adviser to the president of Johns Hopkins University and leader of Johns Hopkins Technology Ventures, said: “By focusing this accelerator on connected health and fitness, M-1 Ventures takes advantage of our regional strengths to provide startups in this business vertical with a clearer path to success.”
