From WhiteBoard to Business

June 17, 2013
92 Views

unique ideas and innovation

Next Wave Health’s mantra is that it wants to grow the next big idea in healthcare, even if it only exists on a whiteboard.

unique ideas and innovation

Next Wave Health’s mantra is that it wants to grow the next big idea in healthcare, even if it only exists on a whiteboard.

The newly formed Huntsville, Texas, venture launched Tuesday to provide capital and business wisdom to companies that need assistance turning a big idea into a profitable product or service.

“There’s a lot of change going on in the healthcare industry, and a lot of it is fueled by regulatory and legislative change,” said Ivo Nelson, the brains behind the venture. “I’m focused on companies that are getting started to help the industry through that.”

If that sounds vague, it’s because Nelson doesn’t want to limit anyone’s creativity. He’s a man of big ideas himself: He helped start the healthcare division of Perot Systems (acquired by Dell in 2009) in the late 1980s and later founded Healthlink, a healthcare consulting firm that was acquired by IBM in 2005. Consequently, he served as the leader of IBM’s Global Healthcare Provider business before co-founding another consulting business, Encore Health Resources, in 2009.

He told MedCity News he’ll invest in startups anywhere in the world, in any kind of health technology as long as the idea is big and he feels the team has the ability to turn it into something.

Next Wave serves as a strategic adviser or investor to a few companies already, including Ohio-based Health Care DataWorks and cloud-based search and booking solution provider HealthPost.

“I would say most of the investments are under $5 million,” Nelson said. “If partners are needed, then we have access to those relationships as well.”

By “we,” Nelson is referring to three other team members who are also resources for startups: Mike Davis, who’s got an impressive resume as a health IT professional, marketing guru Wendy Horn and Emily Evans, who handles administrative, financial and operational needs.

He’s not necessarily calling it an incubator — although it could be, if that’s what the company needs. “Every company is at a different stage,” Nelson said. “In some cases, they just need a strategy and some capital. But if they need to be propped up in some way, we’ve got the resources to be able to do that.”

Companies can apply for funding and assistance here.

[Photo credit: Flickr user jblyberg]

You may be interested

Where Is The Balance? Pushing Back Against Consumer Health Tech
eHealth
3 views
eHealth
3 views

Where Is The Balance? Pushing Back Against Consumer Health Tech

Larry Alton - August 18, 2017

When Republican Congressman Jason Chaffetz glibly remarked that Americans struggling to afford insurance should choose between that and their smartphones,…

What to Look for in Patient Solutions Software
eHealth
365 views
eHealth
365 views

What to Look for in Patient Solutions Software

Robert Cordray - August 17, 2017

The medical sector is one area where technology has had a significant impact, largely by providing tools that simplify many…

Can Natural Remedies Like RediCalm Decrease Stress and Anxiety?
Wellness
2 views
Wellness
2 views

Can Natural Remedies Like RediCalm Decrease Stress and Anxiety?

Ryan Kh - August 16, 2017

According to research from the National Institute of Mental Health, anxiety disorders are the most common mental illness in the…