Capital Factory is opening a new physical presence in the region and making headlines with a few events aimed at health tech entrepreneurs.
The Austin-based accelerator and investor plans to launch a health innovation center at Pegasus Park in Dallas. The new center will connect startups, businesses, and search players in the space with each other locally and across the state.
“The rapid pace of change in the healthcare industry makes it difficult to keep tabs on what new technologies are available – and viable – and where to invest,” Joshua Baer, CEO of Capital Factory, said in a statement. “By partnering with Pegasus Park, we are excited to see this portfolio continue to grow while helping to connect the Pegasus Park community to our unparalleled innovation partners in Austin, Houston and San Antonio.”
Capital Factory will celebrate the announcement next week with its Dallas Startup Crawl on May 9, which will give attendees a chance to check out, hear presentations, and connect with innovative healthcare and biotech startups from Capital’s portfolio. the organization.
This event will be followed on May 10 by UT Dallas and UT Southwestern Medical Center’s Health Supernova event, where attendees can learn about medical devices, digital health, and preventative care from companies working in areas such as Taysha Gene Therapies, McKesson, Lazarus. 3D and NASA. The event will also include the Biotech+ Investment Showcase, a pitch competition with $100,000 up for grabs.
The New Capital Factory Excavations
Partnering with companies like McKesson and Texas’ C1 Innovation Lab’s Blue Cross and Blue Shield to launch the Center for Health Innovation, Capital Factory plans to open on the 16th floor of Pegasus Park before the end of 2023.
While the new space at the biotech-focused Pegasus Park development goes by the name “Health Innovation,” the center will be open to startups working in a variety of industries. It aims to bring together start-up companies working on different solutions to interact with companies and academic researchers already operating in Pegasus Park with the aim of sparking new ideas and finding ways to apply solutions from other industries in the field of health.
After operating in Austin for more than a decade, Capital Factory made its first expansion beyond the state capital in 2018, opening the 26,000 square foot Dallas DEC-affiliated space at Centrum in Uptown . After putting a pause on in-person activity and having to lay off dozens of employees due to the pandemic, Capital Factory closed its operations in this space in November 2020.
“The Center for Health Innovation has the potential to improve health and create new industries in North Texas by bringing together key healthcare stakeholders and connecting them with innovators delivering cutting-edge solutions. “said Dr. Claire Aldridge, Senior Vice President and Chief of Staff. and business operations of Taysha Gene Therapies, in a statement. “Capital Factory’s experience in bringing these groups together will further accelerate our potential for regional, national and ultimately global leadership in improving patient outcomes and health economics.”
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