Healthcare company-building profile
MATTER
MATTER (independent nonprofit healthcare incubator)
Source-based profile
Program at a Glance
- Program type
- Incubator
- Program category
- Incubator
- Organization
- MATTER (independent nonprofit healthcare incubator)
- Organization type
- Not publicly documented
- Location
- Chicago, Illinois
- Company stage served
- Not publicly documented
- Cohort or participation model
- Membership-based rather than a single fixed cohort; Challenge programs run on defined timelines; in person in Chicago plus virtual participation
- Investment or funding offered
- Not publicly documented
- Published investment terms
- Non-dilutive; membership and program participation, MATTER does not take equity in member companies
- Equity or fee model
- No equity
- Clinical or hospital connection
- Not publicly documented
- Application status
- Active
- Founded
- 2015
Public description
About the program
MATTER is a Chicago healthcare incubator and innovation hub that has supported more than 1,000 startups since 2015, operating out of the Merchandise Mart. It runs membership tiers for startups (including Flex and Select), corporate partnership programs, and structured Challenges that match startups to health systems, payers and life sciences companies. MATTER also hosts Paratus, a BARDA Accelerator Network hub for digital health, and administers third-party accelerators such as the AbbVie Foundation Health Equity Accelerator.
What the program publicly emphasizes
Focus areas and features
- Category: Incubator
- Program structure: Membership-based rather than a single fixed cohort; Challenge programs run on defined timelines; in person in Chicago plus virtual participation
- Published terms: Non-dilutive; membership and program participation, MATTER does not take equity in member companies
Publicly documented people and network
Program leadership and alumni
- Program leader
- Steven Collens — Chief Executive Officer
Sources
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