Northrop Grumman has partnered with startup accelerator DreamIt Ventures for a program that seeks to identify entrepreneurs who work to develop technology for healthcare applications.
The DreamIt Health Baltimore accelerator provides $50,000 in seed funding to startups over four months and gives them access to business information and mentoring services, Northrop said Monday.
BioHealth Innovation and Johns Hopkins University have also joined the effort.
Amy Caro, Northrop vice president of health IT programs, said the company aims to innovate and deliver new healthcare platforms through the accelerator initiative.
“Advances in healthcare are particularly dependent on advances in information technology,” Caro said.
“The most important thing we do for DreamIt companies is enable access to industry leaders who provide insight on the market’s most pressing problems and who are open to partnering to give these startups access to key resources and opportunities otherwise out of their reach,” said Elliot Menschik, DreamIt Ventures managing partner for healthcare.
DreamIt and accelerator partners will choose up to 10 startups globally to participate in an entrepreneurial boot camp from Jan. 17 to May 9, 2014.