Boomtown and COPIC Announce Patient Safety HealthTech Startup Accelerator

Boulder-based accelerator will host startups focused on patient safety and risk management

Boulder, Colorado, UNITED STATES


Boulder, Colo., May 30, 2018 (GLOBE NEWSWIRE) -- Boomtown, a startup accelerator that nurtures selected startups through a 12-week mentoring program, and COPIC, a medical liability insurance provider recognized for its innovative patient safety and risk management and its support for accessible, high-quality care, have announced a multi-year agreement to work in collaboration to select and accelerate four to eight startup companies each year.

Applications are open on Boomtown’s website from startups motivated to empower consumers, increase efficiency and improve outcomes for both patients and medical providers alike. The program will select two to four teams for each of two annual cohorts and will guide the founders through topics such as understanding the shift to value-based care, data security and interoperability, HIPAA compliance, regulatory strategy, intellectual property, and business development. The curriculum will be developed by Boomtown with input from COPIC as well as from each previous cohort in order to constantly improve the experience. 

“We’re thrilled to be partnered with COPIC, a nationally recognized leader in patient safety and risk management,” said Tom Base, managing director of Boomtown’s HealthTech Accelerator. “COPIC’s expert advice and resources will prove invaluable to our efforts to develop startups through this accelerator.” 

From the beginning, COPIC has embraced ideals to ensure a stable medical liability environment, maintain access to health care, reduce adverse outcomes, and put the interests of improving health care first.  

“At COPIC, our primary goal is to support medical professionals who face ever-changing challenges and help them deliver the best patient care possible,” said Ted J. Clarke, M.D., chairman and CEO of COPIC. “We are confident this partnership with Boomtown will allow us to creatively explore options that have the potential to provide tremendous benefit to the medical community through innovation that can’t be found in traditional healthcare channels,” he added. 

About Boomtown
Based in Boulder, Colorado, Boomtown aims to discover and support promising Healthtech, Internet, mobile, software and Internet of Things (IoT) startups. Boomtown’s goal is not simply to provide the shortest distance between an idea and funding, but instead to support entrepreneurs in building great companies. Boomtown has invested in 98 companies since its founding in 2014. Of those, 86 percent are in operation, 71 percent are generating revenue and the companies have raised more than $70 million in capital. For more information, visit http://www.boomtownaccelerator.com.

About COPIC
Founded by Colorado physicians in 1981, the COPIC Trust was created with a vision to stabilize the medical liability environment and maintain access to care. COPIC Insurance Company offers medical professional liability insurance alongside industry-leading patient safety and risk management programs and alternate coverage solutions. COPIC became a fully licensed and regulated insurance company in 1984. COPIC Insurance Company is exclusively endorsed by the Iowa Medical Society, Colorado Medical Society, the Colorado Hospital Association, and the Nebraska Medical Association. COPIC’s network of insureds includes over 8,000 physicians and more than 150 hospitals and other health care facilities. 

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