Olive, a Columbus, OH-based automation company creating the Internet of Healthcare, launched Olive Ventures, a strategic in-house studio focused on creating innovative companies and specialized products for the healthcare industry.
Olive Ventures gives early-stage entrepreneurs access to Olive’s platform, offering them a compliant technology environment designed to rapidly validate, deploy, distribute and commercialize digital health innovations. With ideas and funding, founders can scale rapidly to offer new capabilities directly to hundreds of organizations using Olive, reducing the timeline from initial build to revenue generation.
Founders and entrepreneurs are supported through a regimented studio process from start to finish. These founders become focused solely on ideating, validating and building their companies. When a new company is ready for spin out, the team expands the solution for broader investment opportunities to increase the company’s scale and the product’s speed of adoption.
Among the first companies being already built are:
- Violet, a new kind of bank aimed at supporting patients against large medical bills. Violet has been working within the Olive Venture Studio to optimize its platform and model before open enrollment.
- Rotera, an AI consulting and custom development company for health systems, payers and healthcare vendors.
FinSMEs
27/08/2021