Philips healthcare accelerator HealthWorks uses #JPM18 to recruit startups in program expansion

While investors and healthcare entrepreneurs spent the better part of J.P. Morgan crisscrossing the financial district for meetings with life science and health technology entrepreneurs, Darren Adams spent the week in a WeWork office interviewing candidates for the Cambridge, Massachusetts cohort of Philips healthcare startup accelerator HealthWorks. One of three innovation leads for the Cambridge, Massachusetts chapter of the program,
Adams shared the office with DreamIt Health, which was also doing some recruiting of its own. Now in its second year, HealthWorks is a program geared towards providing the medtech business with critical insight on new developments in healthcare and a window into how entrepreneurs are addressing pain points in care. On the flipside, the three-month program is intended to give entrepreneurs a sense of what it is like to work for a massive company without asking them to pay fees nor taking equity.
“The premise of setting up HealthWorks was to accomplish two different things,” said Adams. “As we build more heavily into technology, we want to create a pathway so we can add businesses for new business creation.”