TLDR:
- Plug and Play partners with Catalyst by Wellstar to support early-stage technology companies
- Catalyst by Wellstar focuses on investing in digital health and other key areas impacting the healthcare industry
Plug and Play, an innovation platform based in Silicon Valley, has announced a partnership with Catalyst by Wellstar, the innovation and venture firm of Georgia’s largest health system. Through this collaboration, Plug and Play will assist Catalyst by Wellstar in deploying capital to early-stage technology companies across various industries, supporting digital transformation within the organization.
Catalyst by Wellstar’s focus is on investing in early-stage companies in the digital health space, as well as six key areas impacting the healthcare industry: customer experience, data and security, care of tomorrow, the future of work, supply chain and mobility, and sustainability. The partnership aims to expand Catalyst by Wellstar’s involvement with startups and offer support to underrepresented entrepreneurs in the healthcare and enterprise B2B software space.
Some of the startups Catalyst by Wellstar has already made direct investments in include Marani Health, 410 Medical, Vyv, Enrich.ly, and MetaCX. Through the partnership with Plug and Play, Catalyst by Wellstar will gain access to Plug and Play’s ecosystem of over 60,000 startups and receive investment sourcing and diligence support from Plug and Play Ventures.
Nate Hinman, Sr. Director of Plug and Play Enterprise & AI, expressed excitement about the partnership and the opportunity to support technology for healthcare solutions. John D. Cooper, Head of Venture Investment for Catalyst by Wellstar, highlighted the partnership as a way to identify sustainable healthcare solutions that benefit patients, physicians, and team members.
Overall, the collaboration between Plug and Play and Catalyst by Wellstar aims to drive innovation in the healthcare industry and create positive impacts for healthcare providers, patients, and other stakeholders.
