Company Ventures, the premier startup talent ecosystem in New York City, announced the launch of Terrarium, a new venture studio to incubate healthcare technology startups, in partnership with Cactus, a premier innovation-focused advisory firm working with many of the largest healthcare systems in the U.S.
Terrarium will provide an accelerated and de-risked pathway for founders to build new companies by combining best-in-class research, talent, capital, and deep industry relationships. The studio aims to incubate up to ten companies over the next three years by taking a thesis-driven, research-intensive approach focused on segments of healthcare that are being transformed by technology and regulatory pressure.
The -1 to 0 phase is often the hardest and most risky part of the startup journey with founders spending up to two years bootstrapping their companies. Terrarium accelerates this process by testing and validating multiple ideas before funding each incubation. "When founders join a Terrarium incubation, they are armed with the market validation and capital to build the next wave of great health tech companies," said Mark Rosenblun, CEO of Terrarium.
The company is taking a more talent-centric approach to the studio model. "First and foremost, Terrarium incubations will be remarkably founder friendly from an ownership perspective. As we've seen for over ten years, companies succeed for a number of reasons, but chief among them is the caliber of talent on the core team," said Nelson Schubart, managing partner at Company Ventures. "We have invested in a data-driven talent platform to find and attract the most exceptional entrepreneurs."
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