New crowd funding platform targets health IT

Health Tech Hatch (HTH), a seed money and development platform for health IT entrepreneurs, announced its launch on Oct. 8. The organization offers crowd funding, prototype testing and mentorship to spur innovative health and wellness products, officials say.

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Health Tech Hatch's leadership team are founding members of the National Crowd Funding Association. They say this new platform will spur development with the help of crowd funding and social media, also supporting innovators by offering clinical and usability testing and rating of concepts and prototypes, along with marketing support to help entrepreneurs attract funding.

Depending on the nature of their ideas, entrepreneurs may opt to have projects evaluated by panels of medical experts, patients, consumers and providers such as physical therapists, fitness trainers and nutritionists convened by Health Tech Hatch, officials say.

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“What differentiates Health Tech Hatch from other crowd funding sites is our sole focus on healthcare projects, which we combine with expert feedback and mentorship,” says Patricia Salber, CEO of Health Tech Hatch. “We’ve made it our mission to help young health and health tech companies build a viable nest for the brilliant ideas they are ready to hatch.”