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
Before prime time: Did Amazon’s 1999 arrival in Kansas deliver on hype?
In 1999, Amazon — still in its infancy — meant only two things to most consumers: low-priced books and CDs. But for one small town in Kansas, residents believed the online retailer had the potential to be a game-changer for their economically depressed, rural community. “People in Coffeyville were practically doing cartwheels in the streets,” said…
FCC head: Repealing net neutrality will boost innovation, investment; startups disagree
The Federal Communications Commission is preparing to eliminate regulatory rules that prohibit internet service providers from interfering with consumers’ access to web content. FCC chairman Ajit Pai announced in a Wall Street Journal op-ed that the regulatory body will vote Dec. 14 to repeal 2015 Obama-era regulations. That regulatory model, referred to as Title II,…
Bitten by Disney sharks, Roy Scott beats the odds with Healthy Hip Hop
When a potentially life-altering business deal suddenly vanished, Roy Scott didn’t get mad — he got funded. “Disney thought they were going to snuff us out, but all they did was put gasoline on this fire,” said Scott, founder of Kansas City-based H3 Enterprises (Healthy Hip Hop). Rewind. Starting his company with a live performance-based…
Governor-in-waiting talks startup funding, Amazon and why entrepreneurism is bigger than KC
The strongest person in the room isn’t necessarily the loudest, Jeff Colyer said. “Kansans are used to being overlooked,” he said. “My role as lieutenant governor was to be a little quieter. You give your best advice. And when decisions are made, you’re going to work to support them.” Soon, however, he’ll be the state’s…