MaineHealth Partners with Roux Institute at Northeastern University on Innovative Founder Residency
December 15, 2022
Contact: Caroline Cornish
PORTLAND, Maine – MaineHealth is making a $500,000 investment in health-tech innovation over the next three years by partnering with the Roux Institute at Northeastern University and Northern Light Health in The Future of Healthcare Founder Residency. This first-of-its-kind program aims to bring 30 early-stage health-tech companies to Maine over the next 3 years, providing them with funds, expert advice, and clinical environments to test their ideas.
Founders receive a $50,000 investment and spend 12 months working out of the Roux Institute at Northeastern University to develop, vet and trial creative solutions to complex problems facing Maine’s healthcare industry. MaineHealth will not only provide some of the funding but also its health care expertise and access to clinical spaces where founders can trial their ideas. MaineHealth patients will benefit from early access to cutting-edge care, and MaineHealth will have an equity stake in successful businesses.
“Innovation is a core value for MaineHealth and key to supporting our vision of working together so our communities are the healthiest in America,” said Susan Ahern, Vice President of Innovation at MaineHealth. “We are excited to support those looking for tomorrow’s novel solutions to complex problems our care team faces every day.”
The first cohort of Founders will begin their residency in Spring 2023. Learn more about the program.
MaineHealth is a not-for-profit integrated health system whose vision is “Working together so our communities are the healthiest in America.” It consists of nine local health systems, a comprehensive behavioral healthcare network, diagnostic services, home health agencies, and 1,700 employed providers working together through the MaineHealth Medical Group. With approximately 22,000 employees, MaineHealth provides preventive care, diagnosis and treatment to 1.1 million residents in Maine and New Hampshire. It includes Franklin Memorial Hospital/Franklin Community Health Network in Farmington, LincolnHealth in Damariscotta and Boothbay Harbor, Maine Behavioral Healthcare in South Portland, MaineHealth Care at Home in Saco, Maine Medical Center in Portland, Memorial Hospital in North Conway, N.H., Mid Coast-Parkview Health in Brunswick, NorDx in Scarborough, Pen Bay Medical Center and Waldo County General Hospital in Rockport and Belfast, Southern Maine Health Care in Biddeford and Sanford, Spring Harbor Hospital in Westbrook and Stephens Memorial Hospital/Western Maine Health Care in Norway. MaineHealth Affiliates include Maine General Health in Augusta and Waterville, New England Rehabilitation Hospital in Portland and St. Mary's Regional Medical Center in Lewiston. It is also a significant stakeholder in the MaineHealth Accountable Care Organization in Portland.
About the Roux Institute at Northeastern University
The Roux Institute in Portland, Maine is designed as an engine of innovation, talent–building, and economic growth for Portland, Maine, and northern New England. Partnerships set the model of graduate education and research apart. With leading companies and nonprofit organizations at the table from day one, the Roux Institute creates programs that are preparing the workforce to stay agile and thrive in a competitive landscape powered by artificial intelligence. The Roux Institute, as an R1 global research university, is nurturing an environment for high-impact research and innovation in computer and data science, digital engineering, the advanced life sciences and medicine, and other tech fields. And the Roux helps entrepreneurs launch businesses focused on and powered by technology. Together, with our partners, we are creating an innovation corridor that will stretch from Boston to Portland and beyond. For more information: www.roux.northeastern.edu/