HealthTech Arkansas (HTA) is an accelerator and early stage investment fund that guarantees at least two pilot projects or clinical trials for each early stage company admitted to the program. These pilots are conducted by the eleven provider organizations in their statewide coalition.
HTA targets three areas of healthcare innovation: digital health (software), medical devices and diagnostic platforms. Their program is for providers and by providers, so they seek technologies that can improve their providers’ operations by improving quality of care, enhancing efficiencies, reducing costs, etc. In fact, HTA’s providers choose the companies invited to participate in the program each year.
The program is virtual, so there’s no requirement to be in Arkansas other than working with provider partners on your pilot projects or clinical trials. In addition to the guaranteed pilots, participating companies receive $75,000 of investment capital through a SAFE or convertible note.