Meet the 4 startups chosen for NextFab's RAPID Hardware Accelerator - Philly


Apr. 11, 2017 12:18 pm

Meet the 4 startups chosen for NextFab’s RAPID Hardware Accelerator

They're all in the healthcare space.

Gear at NextFab.

(Courtesy photo)

NextFab just announced the companies that make up the 2017 spring cohort of its RAPID Hardware Accelerator.

What was the first thing we noticed? They’re all related to the healthcare and life sciences space. Just happenstance, says the makerspace’s president Evan Malone.”We had 27 applicants representing a broad array of product ideas, but these 4 rose to the top through our selection process.”

Though some may associate NextFab with consumer products (like that snow shovel that got onto QVC) or tech workshops, the company has had connections with the healthcare/life sciences space. Last fall, it offered participants at the Independence/Jefferson Health Hack access to its equipment to work on their ideas. 

For the first time, the program is investing $25,000 in the chosen companies through a SAFE agreement (a concept developed by YCombinator), which allows no equity to be taken initially. Once the company raises an equity round of financing, the investment turns into equity. Companies will also receive free office space, credit toward classes and opportunities for follow on investment.

Here are the cohort companies:

“We are working with the four finalists that didn’t get selected to help them prepare even stronger applications for the next RAPID cohort starting this fall,” said Todor “Ted” Raykov, NextFab Venture Services Manager. “It was a tough decision, because all of the finalists are working on exciting projects that could have a positive impact on our society.”


Already a member? Sign in here


JP Morgan Chase scoops up InstaMed, but the healthcare-tech company isn’t leaving Philly

This precision medicine company just raised $5M to help save preemies

Here’s what we know so far about Quil Health, the Comcast-IBX joint venture



Why working with the University City Science Center was a game changer for 4 Philly startups



UX Designer

Apply Now
Chesterbrook, PA


Inside Sales Representative

Apply Now
Horsham, PA

Penn Mutual

Software Engineer-Java

Apply Now

Two Philly companies are joining an accelerator inside the ‘largest medical complex in the world’

NextFab is seeing more out-of-state companies apply to its RAPID accelerator

Get access to 100 services on the new website for Philly’s health department



Take a peek at the opportunities popping up at PromptWorks

Ambler, PA


Data Engineer

Apply Now
Center City


Product Manager – Sales Tools

Apply Now
Center City


Member Experience Specialist

Apply Now

Sign-up for daily news updates from Philadelphia

Do NOT follow this link or you will be banned from the site!