ATLANTA – The Advanced Technology Development Center at Georgia Tech has received an investment by IT provider NASCO.
The ATDC is aimed at creating a new initiative for entrepreneurs in health care-focused technology. The ATDC Health Technology Program is scheduled to formally launch this month.
“Health care is a highly interconnected ecosystem and new technologies are helping us to both reduce customer friction and improve health outcomes,” said David Weeks, chief technology officer at NASCO, in a statement. “The HealthTech vertical will be a key incubator of new ideas to enable these changes.”
NASCO’s investment will provide the initial funding to support the current and future HealthTech startups in ATDC’s portfolio. The initiative is the third of its kind at ATDC and follows other gifts used to launch programs in the financial and retail technology sectors.
“NASCO views this partnership with the ATDC and the launch of the HealthTech initiative as critical to our mission to deliver innovative health services and to support the Georgia health care and technology communities,” said Weeks.
In addition to one-on-one coaching and resources for commercial success, the funds also will support health care-focused commercialization workshops, hackathons and hosting industry thought leaders in health care innovations in regulation, production and manufacturing.
The more than 40 startups in ATDC’s current HealthTech portfolio are building companies with innovative approaches to population health, caregiver support, billing fraud, precision medicine, genomics, medical devices, diagnostics, data analytics and process improvements in drug research.
“Health care systems across the U.S., as well as the patients in their care, continue to explore ways to leverage innovation and technology to reduce costs, improve patient satisfaction, eliminate waste, increase access and improve outcomes,” said Kirk Barnes, ATDC’s HealthTech catalyst, in a statement.