DreamIt + IBC + Penn Medicine + Venturef0rth = DreamIt Health

Some of my favorite quips from TechCrunch:

“The four-month program, which DreamIt says makes it Philadelphia’s first healthcare accelerator, will seed its chosen companies with up to $50K in capital (it will be taking a collective 8 percent stake in its startups), along with providing office space, mentoring and coaching from industry experts as well as access to critical health care-specific resources thanks to IBC and Penn Medicine…

According to DreamIt Managing Partner Karen Griffith Gryga, the accelerator’s companies have gone on to raise over $80 million in funding and are collectively valued at close to $330 million. DreamIt Health’s offices will be located at Venturef0rth, a Philadelphia lab and co-working space. Gryga will co-lead the health program along with Dr. Elliot Menschik, a teacher and entrepreneur, who most founded HX Technologies, a pioneer in medical imaging and health information exchange, which was acquired by MEDecision.”

The fact of the matter is we could boast more awesomeness of what this venture means to entrepreneurs, the healthcare scene, Penn Medicine, IBC and, well, us, but let’s let TechCrunch do it for us, right here.