The following paragraph adds more clarity to the press release below on Medical Mondays. a new program that is now available to healthcare startups, called Medical Mondays.
We have been piloting this program for a year in Orange County. The Medical Mondays forum is comprised of healthcare-centric investor groups including the TCA entities, Pasadena Angels, and MEDA Angels, a physician- and scientist-founded group; CHOC, Hoag hospitals; Life Science Angels; and the Small Business Development Center at Launchpad by Octane. Medical Mondays may be extended to other geographies but for now, Medical Mondays considers companies from the entire US. We are excited to share it with you, as it will be a great resource for those in the space.
If you have a startup (or know of one) that is interested in connecting with investors and hospitals, please do not hesitate to reach out to us at TCA or MEDA Angels.
OC HiT and Medical Mondays are a collaboration between Tech Coast Angels, Octane Launchpad SBDC, CHOC Research and Hoag created to advance and support healthcare startups for greater success
IRVINE, Calif. – February 21, 2023 — Tech Coast Angels (TCA) and the Octane LaunchPad SBDC (Small Business Development Center) have established a new joint program, called Orange County Healthcare Innovation Table (OC HiT).
The joint program, referred to as Medical Mondays, was created to advance the development, implementation, funding, and commercialization efforts of healthcare startups, primarily in Orange County and Southern California. The Medical Mondays forum is comprised of healthcare-centric investor groups including the TCA entities, Pasadena Angels, and MEDA Angels, a physician- and scientist-founded group; Life Science Angels; and the Small Business Development Center at Launchpad by Octane. This collaboration aims to support and guide startups in being better positioned scientifically, technically, clinically, and financially to enter the marketplace.
OC HiT is collaborating with two renowned healthcare systems: CHOC Children’s Hospital of Orange County (CHOC) through its Research Institute and Hoag, which provide expertise and support development process.
Consultants at Octane’s LaunchPad SBDC, together with TCA, Hoag and CHOC, assess and validate startups’ technologies and commercialization roadmaps to more quickly secure funding and clinical adoption.
OC HiT Medical Mondays were successfully piloted in 2022, engaging 80 startups. The program resulted in 30 startups being matched and introduced to a clinical or hospital partner; seven startups were offered clinical collaborations, and 22 were invited to apply to at least one of the TCA networks.
Ideal candidates for Medical Mondays will have an established team, are beyond the ideation stage, and are either working on or have completed a proof of concept or early animal trials. The program will be fluid and adapt to each startup’s particular needs and circumstances. Candidates may be from outside of California and the U.S., although these candidates should have plans for a U.S. operation, ideally in or planned to be in the Southern California region.
The LaunchPad SBDC team will review start-up applications, pre-qualify them for joint reviews, and provide LaunchPad SBDC consultants to help with business strategy, planning, operations, funding, and development of a pitch deck if a startup doesn’t currently have one. Startups also will have the option to participate in Octane programs and conferences.
The Hoag and CHOC team will provide feedback by assessing the clinical problem and need, prototype application and requirements as well as regulatory strategy. The team’s goal is to ensure that startup innovations are attractive to hospitals and physician groups as future customers. The team will be able to potentially engage Hoag and CHOC resources, research and clinicians who can serve as subject matter experts.
The TCA team will focus on investability and also be available to review applications submitted by the company as well as potentially be a source of funding through one of the TCA networks. TCA experts may advise on the technology, market size, share, growth, and financial projections.
For more information or to participate, please contact Laura Beken, firstname.lastname@example.org