April 26, 2013
As we reported in January, the Nike Accelerator program was launched to encourage tech companies to develop apps for the Nike+ platform and Nike FuelBand. Techdigest's Gerald Lynch reports that of the hundreds who were looking to get in, just 10 companies made it to the finish line. Each of the companies will get $20,000 plus a three-month stay in Portland, Oregon, near Nike's headquarters, to work alongside Nike tech staff.
Every year, Americans spend more than $3 trillion on healthcare, a figure that is projected to rise to $5 trillion in the next decade. With healthcare spending approaching 20% of the U.S. GDP, a huge effort is underway to control costs. Not surprisingly, many believe that technology has a key role to play in increasing efficiency and reducing unnecessary expenditures, and significant investments in technology are creating opportunities for healthcare technology businesses.