Posted on September 16, 2022
Representatives from 10 of the world’s most innovative startups gathered in Fort Worth this week to revolutionize the fitness industry through new technology as part of the first-ever Fitness Accelerator.
The University of North Texas Health Science Center in Fort Worth is partnering with Techstars – a global investment business that provides access to capital, one-on-one mentoring and personalized programming for early-stage entrepreneurs – along with the City of Fort Worth, Tarrant County and Goff Capital to launch Techstars Physical Health Fort Worth Accelerator.
The program partners selected 10 high-growth, early-stage startups to support and fund over the next three years. The companies were selected from a pool of hundreds of applicants from around the world. Over the next several months, the owners, innovators and representatives of these startups will call Fort Worth home as team members from HSC, Techstars and Goff Capital take their ideas from concept to game-changing technology.
The accelerator is focused on supporting companies that are building new physical health technologies, treatments and therapies in areas such as rehabilitation, physiotherapy, performance and exercise. Selected startups will participate in an intensive 13-week program and receive hands-on mentorship, curated entrepreneurial content and programming, up to $120,000 in funding, and access to an extensive network of mentors, investors, alumni, and influential corporate executives.
These efforts will culminate on Dec. 8 during Demo Day, when startup leaders will present their work.
HSC received $4.8 million in funding from the City of Fort Worth and Tarrant County to launch an accelerator program focused on physical therapy with Techstars. Equity investments in start-up companies are being made by HSC and Goff Capital totaling nearly $10 million for the project over three years.
“We are very excited to welcome this cohort of Techstars to Fort Worth,” said Robert Stearns, the city’s director of economic development. “All of these companies are doing some really interesting, innovative things in the physical health sector, and their presence here is really a testament to both the strength of our city’s growing health industry and the market knowledge and depth of expertise in the Fort Lauderdale Entrepreneurial Ecosystem.” Worth.”
About the accelerator
The accelerator is a collaboration to fill gaps identified by many business observers in Tarrant County: access to physical therapy and a lack of a true early-stage accelerator program for innovative startups.
This will be the first Techstars accelerator in North Texas, although the company has hosted more than 80 Techstars Startup Weekends and Techstars Startup Week community events in other parts of the state. In Austin alone, the Colorado-based organization has invested in more than 150 startups that have raised over $1 billion in venture funding to date.
Techstars will also welcome two local entrepreneurs to the program. Both have a background in the physical health field and a successful track record of growing their own startups.
- Dallas-based Articulate Labs has developed a platform technology enabling faster physical rehabilitation through movement-synchronous electrical muscle stimulation. The first application of this platform will address quadriceps atrophy and inhibition associated with chronic knee disease or following knee surgery.
- Charlotte, North Carolina-based BOOMROOM is an integrated platform that equips fitness entrepreneurs with the tools and technology to host superior virtual experiences and manage their businesses in one place.
- GoManda is a digital solution for building social skills through vocabulary building. It provides a tablet-based flashcard platform that gives educators the best tool for teaching vocabulary.
- Neurofit creates virtual therapy exercises that assess, monitor and personalize care for neurological impairments. The Toronto startup is creating a digital data layer that uses telemedicine, remote monitoring and digital brain health programs to give patients and clinicians a more proactive way to support recovery.
- Pulsewave AG’s TempleGuard is a wearable attachment to existing glasses that measures vital signs behind the patient’s ear. The Swiss company’s device combines real-time patient monitoring with AI algorithms to predict the development of cardiovascular disease.
- Toronto/Chicago company Stabl’s product is a fully web-accessible computer vision-enabled platform that automatically tracks patients’ biomechanics as they perform their recovery exercises. Movement data is transmitted to a dashboard of the patient’s clinical team members, where they can monitor the patient’s recovery, identify potential health risks and communicate with the patient.
- For busy, health-conscious people who don’t have the time or inclination to hit crowded gyms or see a physical therapist, German company STRAFFR is the first truly smart resistance band that connects to an app to provide personalized and effective functional training , enabled by real-time feedback and supported by certified coaches and professional athletes.
- Tampa-based Verapy helps providers/payers increase compliance and reduce no-show rates by using XR technologies to gamify physical and occupational exercise.
- Wellest Inc. created an industry-leading AI coach to manage end-user meal and activity plans. The San Francisco startup’s deeply customized and dynamic plans optimize users’ body composition to help them look their best, feel healthier and live longer, while maintaining flexibility to live your life.
- D.C.-based ZAMA Health develops behavioral health integration for any sports program, fitness company or gym.
picture: Trey Bowles (center), managing director of the Techstars Physical Health Fort Worth Accelerator, with the 10 companies that will be part of the program.
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