Healthcare company-building profile
Penn Health-Tech
Penn Medicine (University of Pennsylvania Health System)
Source-based profile
Program at a Glance
- Program type
- Accelerator
- Program category
- Health system accelerator
- Organization
- Penn Medicine (University of Pennsylvania Health System)
- Organization type
- Hospital or health system
- Location
- Philadelphia, Pennsylvania
- Company stage served
- Not publicly documented
- Cohort or participation model
- Not publicly documented
- Investment or funding offered
- Not publicly documented
- Published investment terms
- Not publicly documented
- Equity or fee model
- Not publicly documented
- Clinical or hospital connection
- Yes
- Application status
- Active
- Founded
- Approximately 2017
Public description
About the program
Penn Health-Tech is a University of Pennsylvania center, established around 2017, that connects innovators across Penn Medicine and Penn's engineering and business schools to advance medical devices and healthcare technology. Its core vehicle is the Health Tech Accelerator, which runs annual cohorts of faculty and clinician teams and provides project funding, advising and commercialization resources. It also runs the ELITE Fellowship with Venture Lab, faculty salons, a speaker series and office hours for prospective inventors. Recent cohorts have included eleven teams in 2024, eight in 2025 and six in 2026. It funds and accelerates internal projects rather than making external venture investments.
What the program publicly emphasizes
Focus areas and features
- Category: Health system accelerator
Publicly documented people and network
Program leadership and alumni
- Program leader
- Cameron Baston, MD — Faculty Associate Director
- Notable alumni named in public materials
- Accelerator portfolio companies had raised $50 million in follow-on funding as of 2022; accelerator cohorts of 11 teams in 2024, 8 teams in 2025 and 6 teams in 2026; ELITE Fellowship run in partnership with Penn's Venture Lab; located at the Vagelos Laboratories, 3340 Smith Walk, Philadelphia
Sources
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