As Inova Health System prepares to open its new personalized health accelerator this fall, startups recently learned the terms of winning a spot there.
Inova plans to offer $75,000 in funding in exchange for 10 percent equity in early-stage companies selected to join the accelerator, Managing Director Hooks Johnston told an audience at a D.C. event last week. Johnston went on to say, according to Technical.ly DC, companies that make it through an individualized program for four or five months and can get $250,000 in third-party commitments can receive an Inova match.
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