Two of KASTx Ventures’ portfolio companies have been selected to join global tech investor Plug and Play Alberta’s prestigious digital health accelerator program, the first of its kind at the newly built Alberta offices. Lumiio, a company specializing in developing digital health programs for the purposes of improving health outcomes for communities around the world, was one of the companies chosen for the 12-week program. Raft Digital Therapeutics, the second KASTx portfolio company chosen, is developing a virtual physiotherapy platform that will gamify at-home programs for patients.
Both companies will have the opportunity to connect with global pharmaceutical companies such as Roche and Boehringer Ingelheim, as well as other important ecosystem players to help expand their reach and company development. They will also get the opportunity to connect with an array of resources including mentorship programs, meetings with global VC’s and other potential investors, and other hands-on expertise.
The opportunity came out of Plug and Play Alberta’s first Selection Day event, where both teams pitched alongside 24 other startups to the investors and corporations that will be working with them throughout the program. This event launched shortly after the opening of Plug and Play’s headquarters in Calgary.
“This program is an exciting opportunity for both of these companies who are actively working to improve health outcomes for patients all over the world,” said Mark Starratt, KASTx Ventures Partner. “Connecting our companies with global leaders in digital health is important to KASTx and our mission to grow Canadian biotech startups.”
Headquartered in Silicon Valley with 40 locations around the world, Plug and Play is one of largest global accelerators, and one of the most active Startup investors globally. The tech investor and innovation platform has a network of over 30,000 startups, more than 500 corporations, and hundreds of venture capital firms, government agencies and university research programs. The program will begin mid-March and conclude with a second pitch event where companies will showcase the progress they’ve made throughout the course of the program.