New Hubs for Health Innovation: Why These Health Transformers Are Building Their Startups in Columbus, Pittsburgh & Baltimore
Every quarter we publish a little thing called the StartUp Health Insights report. It’s all about health innovation funding, and one of the data points we track is where in the world health innovation funding is landing. We call these health innovation hubs, and the same three or four cities always dominate the list. Companies in San Francisco, New York, Boston, and London account for the vast majority of dollars raised in healthcare.
However, at StartUp Health, we know it takes a global village to transform health and there is so much inspiring work happening outside of these cities. Steve Case, former CEO of AOL and an early investor in StartUp Health, famously launched the “Rise of the Rest” campaign which was aimed at showcasing the innovation happening in so-called “flyover cities” like St. Louis, Detroit, and Omaha.
We agree with Case that it’s imperative that we back entrepreneurs in more places in order to benefit from a diversity of thought and experience. At StartUp Health we’ve invested in companies from 29 countries, so we wanted to take an episode of the podcast and dedicate it to a few of these stories. Great startups being built in, let’s call them, “less conspicuous” cities.
In this StartUp Health NOW episode, you’ll hear interviews with Health Transformers from our portfolio who have chosen to build their companies near Columbus, Baltimore, and Pittsburgh. And not because they couldn’t pay the San Francisco rent, but because these environments held hidden gems and opportunities for their businesses, from local talent to affordable workspaces to engaged professional networks.
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