Start WellTech opens global call for market-ready mental health and wellness startups
Start WellTech, a global scale-up powered by Arieli Capital, announced its open call for market-ready mental health and wellness startups. This program presents a unique opportunity for startups looking to connect with investors, partners, and clients in this thriving industry.
Start WellTech is a business-minded initiative aimed at fostering innovation in the mental health and wellness sectors. The program connects Seed to A-round startups with resources and support to scale their ventures on a global stage. Start WellTech's previous cycles have generated notable success stories, including investments by Arieli Capital in select program graduates such as Jama App, Elvy.ai, and Diamante Srl, highlighting the potential for startups to secure valuable investments.
Start WellTech will take place on October 23-26, 2023, in Salt Lake City, Utah. The city's emerging tech ecosystem is one of the most prominent in the United States and in the world, and is developing at a rapid pace, with the number of tech workers operating in Salt Lake City expected to grow by 32% by 2033 - the highest growth anywhere in the US. The city's local tech industry rivals those in San Mateo, Cambridge and even Silicon Valley.
Accepted startups will attend in-person business meetings and present their technology and business at the closing expo and pitch event, set to take place in Salt Lake City. This event promises to be a pivotal moment for entrepreneurs seeking to accelerate their growth.
Or Haviv, Head of Global Innovation, Arieli Capital: "Based on McKinsey & Company, the wellness industry market size is estimated at $1.5 trillion with an expected growth rate of 5–10% on an annual basis. We see a growth in Institutional as well as venture investors targeting wellness technologies. We look forward to the third cycle of our mental health and wellness program, bringing the world's most innovative wellness startups to the vibrant ecosystem of Salt Lake City, Utah. As a double bottom line company, Arieli is especially excited for this cohort, which, in addition to business potential, will focus on advancing technologies with the power to help improve the lives of millions of people around the world."
Interested startups can access more information and application details here.