NEW YORK and PHILADELPHIA, July 20, 2016 /PRNewswire/ -- Leading global startup accelerator
Over the course of 16 weeks, startups benefited from mentorship and introductions to key decision-makers at established industry players through a series of Customer Immersion events. All together Dreamit Health and EdTech startups pitched at 18 Immersions hosted by marquee customers such as Penn Medicine, Independence Blue Cross, Merck, Pfizer, Blackboard, and Penn State.
Startups also participated in intensive weekly discussions with industry and category experts on topics ranging from marketing and fundraising to Healthcare and EdTech specific issues including privacy, regulatory issues and more.
"I could not be more pleased with the progress shown by our Spring 2016 cohort. Dreamit's unique emphasis on customer connections and commercial validation has had a powerful impact on these more mature startups," said Dreamit CEO Avi Savar. "In less than 4 months we've seen companies sign on new customers, announce new funding rounds, and dramatically increase the number of opportunities in their pipelines, all without having to relocate or put their operations on pause. They came in prepared to leverage the access we offered them and the results have been outstanding."
For the first time this year, Dreamit took a more customer focused approach to the traditional accelerator demo day. Following a bi-coastal investor roadshow connecting entrepreneurs with more than 100 venture investors during 300 face-to-face meetings across New York City, Boston and the Bay Area, the startups pitched at industry conferences where thought leaders, investors and potential customers were joined together, offering broader exposure and networking opportunities.
Dreamit EdTech startups were showcased at the first ever Innovation Hub at BbWorld, Blackboard's annual education technology event for educators and administrators. Dreamit Health startups presented at MedCity CONVERGE, the premier event for innovation in healthcare.
"Young companies need customers and they need capital. While one-to-one investor meetings are more productive for both investors and startups, providing deeper insight than a traditional demo day, an industry focused showcase can be a valuable customer-facing experience for startups to cap off an intense program like Dreamit," Savar said.
Dreamit Health partners included Penn Medicine, Independence Blue Cross, and Zimmer Biomet, with a prestigious Blackstone Innovation Grant enabling Dreamit to expand the size of its cohort this cycle. Dreamit EdTech launched as a new vertical this year in partnership with Penn State University.
Dreamit Health Spring 2016 Cohort
Dreamit EdTech Spring 2016 Cohort
About DreamitRanked one of the top 10 accelerators in the world by Forbes, a top investor in healthcare by CBInsights, and a top 20 most active venture investor by the National Venture Capital Association and PricewaterhouseCoopers, Dreamit focuses on bringing the right people together to drive progressive innovation and real business velocity. Dreamit has launched more than 275 startups that have gone on to raise in excess of $275 million and are collectively worth in excess of $1.5 billion, including LevelUp, SeatGeek, BioBots, Biomeme, Adaptly, Meerkat and more.
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