A partnership started in 2019 between healthcare system LifeBridge Health and Healthworx, the innovation arm of insurer CareFirst BlueCross BlueShield, has led to the creation of a new Baltimore startup incubator.
1501 Health, which will provide investment and resources to digital health companies, will accept applications from Feb. 1 through 22. About five companies will be selected in the first cohort, and there are plans to grow the cohort size in future years up to a dozen companies.
The incubator is seeking companies that are beyond the idea stage, with a full-time team, a product or model that solves a key healthcare challenge and traction like an MVP, early customers or financing.
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