The APIs health Angel conference was recently launched as a new forum to connect investors and health-related start-ups.
The project follows the Seattle Angel conference, which has been educating new investors and funding new companies for more than a decade, mainly through its entrepreneurial competition.
John sechrest, founder of Seattle Angel conference and API, said it made sense to launch a new effort. Assessing health focused startups requires different expertise than traditional technology companies, which account for the majority of startups in the initial meeting.
Health oriented startups “have to work extra hard to explain what they’re doing,” Secrist said. He founded API and provided a forum for such companies.
Last year, the financing amount of the digital medical industry broke the record, with start-ups raising US $57.2 billion, a year-on-year increase of 79%.
At the end of last year, more than 50 companies started the first batch of API products. In the last game on March 24, the market share is shrinking. At that time, API will announce the winner of the competition, which will bring the portfolio funds of more than 25 angel investors home.
Elizabeth cross Nicole, project manager of API health Angel conference. (photo)
To qualify, investors must have $1 million in assets or $200000 in annual income. Each donated $5000. When reviewing companies, new investors get advice from more experienced people, some of whom have industry-specific backgrounds.
Like the Seattle Angel conference, the main purpose of the new conference is to establish a new and educated investor group.
“In the process, they will have an in-depth understanding of different types of companies and market conditions,” Secrist said. “They will also understand the views of other investors and their views on the world. They will build a stronger investment theory of their own.”
At the same time, start-ups are also more adapted to the financing ecosystem through the project. Elizabeth cross Nichol, API project manager, said: “we actually act as an intermediary with some options and resources available.”.
The APIs conference recently heard 12 semi-finals throw balls for 10 minutes and reduced the playing field to six. Next, before the last game, it’s time for due diligence. The promotion day will be virtual and the company can be located outside Seattle.
APIs health angels has also established a partnership with the trading group life science Washington.
The next Seattle Angel conference is also in preparation, and the deadline for entrepreneurship application is February 24. Since its inception, the conference has trained more than 430 new investors and invested more than $4.5 million in more than 35 start-ups. API 2 is already accepting applications from digital health, medical devices, biotechnology and other health-related startups.
Epis was the son of Apollo, the Greek god of healing. Cross Nicole said he was also a “prophet and healer”.
