Tech pioneer Don Peterson to guide new LaunchKC-Nueterra health accelerator
June 29, 2019 | Tommy Felts
Leading the new LaunchKC Health Accelerator is Don Peterson’s way of giving back to a community that opened its arms to his family nearly 30 years ago, he said.
“I’m proof that we can accomplish the entrepreneurial dream right here in KC and feel like it’s my duty to pay that forward,” said Peterson, a health care industry veteran and big data expert who retired as founder and CEO of Infusion Express in June 2018.
Announced Thursday, the LaunchKC Health Accelerator — powered by Leawood-based Nueterra Capital — is designed for early-stage businesses that are working to disrupt the current healthcare system. Peterson will lead the effort as Entrepreneur in Residence.
Click here to learn more about the accelerator.
Don Peterson and Kevin McGinnis at LaunchKC’s April announcement of the Black & Veatch-sponsored IgniteX clean-tech accelerator
LaunchKC and investment partner Nueterra Capital are looking for startups dedicated to making healthcare outcomes more predictable, delivery more accessible, costs more transparent, and technology that empowers more patients to be true healthcare consumers, according to LaunchKC.
“I’m excited and honored to be a part of this new program. I love the fact that we’re integrating an outstanding venture fund into it right from its beginning,” Peterson said. “Nueterra Capital has an exceptional pedigree and a tremendous track record of investing in companies determined on making a positive difference in the industry.”
Infusion Express was among Nueterra’s previous investments, he said, personally attesting to the firm’s wealth of experience, as well as its obvious capital benefits.
In addition to a minimum $50,000 equity investment from Nueterra, companies accepted into the LaunchKC Health Accelerator are expected to receive $10,000 in software development services from Full Scale, a LaunchKC partner; $5,000 in healthcare and business legal advice from Husch Blackwell, a sponsor of LaunchKC in each of its first five years; and with additional services like accounting, marketing and business mentoring from legacy partners, said Drew Solomon, chair of the LaunchKC program.
Each accelerator company will have the opportunity to be featured on Full Scale’s “Startup Hustle” podcast, one of the top 100 business podcasts on Apple. LaunchKC will continue to add other professional services throughout the application and judging phases, Solomon said.
The accelerator began taking applications Thursday and is expected to welcome its first cohort later this summer, he added.
Click here for more details about a happy hour event that will celebrate LaunchKC Health.
Thursday’s announcement marks the third accelerator vertical rolled out through LaunchKC’s expanded program, which is lead by the Economic Development Corporation of Kansas City, Missouri, and the Downtown Council.
LaunchKC partnered with the nbkc bank-backed Fountain City Fintech accelerator in December and added Black & Veatch-sponsored IgniteX clean-tech accelerator to its line-up of entrepreneurial support endeavors in April.
In May, EDCKC also announced a public-private partnership with Atlanta-based Opportunity Hub to bring a minority accelerator to Kansas City.
Featured Business
2019 Startups to Watch
stats here
Related Posts on Startland News
KC Rising red flag: Educated talent leaving KC, metro tech jobs unfilled
More college-educated workers are leaving Kansas City than being drawn to the region, according to a new KC Rising report. That means local companies are forced to look outward for qualified talent, said Ryan Weber. “Most of those tech firms are hiring; it’s just for skill sets that few people have,” said Weber, president of…
Students struck by KC gun violence search for solutions at MECA Challenge
Editor’s note: MECA Challenge and Startland News are both programs of the Kansas City Startup Foundation, though the content below was produced independently by Startland. For more information on the relationship, click here. Escaping the cycle of gun violence can seem impossible, said Lea Thompson, still wearing a cast on her hand after being shot…
STEAM Studio team coding best fit for boy’s 3-D-printed prosthetic arm
Four-year-old Hudson Borton extended his arm Wednesday, as his father fitted a 3-D-printed prosthetic to the boy’s upper arm and elbow. The light blue plastic piece mimicked the size and length of Hudson’s right arm, though his father and Mandi Sonnenberg, co-founder and director of STEAM Studio, agreed the new device wasn’t yet a perfect…
KC-based SouveNEAR vending machine startup prepping to scale up
SouveNEAR offers travelers a piece of KC — from KC, said co-founder Tiffany King. The Kansas City-based startup, which repurposes vending machines to sell locally made souvenirs, is in its fourth year of steady, organic growth, King said. As a member of ScaleUP! KC new class, SouveNEAR is preparing to grow the business and turn…