KQ Labs announces partnership with Chicago ARC to expand UK data driven health innovations into the U.S. market
KQ Labs and Chicago ARC will collaborate to connect the UK's leading data-driven health enterprises with U.S. market opportunities.
Chicago is the third-largest U.S. healthcare and life sciences market. Chicago ARC and its extensive network of healthcare partners represent over 750 healthcare delivery and training facilities across Chicago, Illinois, and the broader Midwest United States.
KQ Labs is an accelerator programme embedded within the Francis Crick Institute which supports evidence-based data driven health technologies and has to date nurtured 60 companies at the convergence of data science, biomedical research and healthcare delivery.
The collaboration will focus on accelerating UK data driven health startups accessing the US market and delivering transformation of healthcare delivery using software and data science. Additionally, it will exchange best practices in implementing data driven health solutions.
Barbara Domayne-Hayman, chair for KQ Labs, said: "The U.S. market presents an unparalleled growth opportunity for UK data driven health startups seeking global expansion. Partnering with Chicago ARC, with its expertise and extensive networks within the U.S. healthcare industry, provides a strategic gateway for UK companies to thrive and drive impactful changes in patient care.”
This partnership with KQ Labs enhances Chicago ARC's network focused on driving health equity through innovative collaborations.
"The partnership with KQ Labs will enable the strong health tech startups coming out of the UK to succeed in the U.S. faster and with less risk. Chicago ARC brings its extensive knowledge and network in both startups and healthcare to KQ Lab portfolio companies to improve healthcare for communities across Chicago, Illinois and the U.S. " highlighted Kate Merton, Executive Director of Chicago ARC.
Sam Barrell, Deputy CEO of the Crick, said: "At the Crick, we are dedicated to fostering innovation and supporting the translation of research discoveries into real-world applications. KQ Labs' collaboration with Chicago ARC aligns with our mission and expands opportunities for startups to access a global network of expertise, strengthening the bridge between pioneering research and transformative healthcare solutions."
About KQ Labs
KQ Labs is an accelerator dedicated entirely to data driven health with a global focus and providing longer term support, as we aim to catalyse the building of an ecosystem. Run by the Francis Crick Institute, funded by LifeArc, and with the support of many partners, KQ Labs offers a customised framework, providing critical expertise and support to ten carefully selected companies per year, all solving significant healthcare challenges. The programme includes a convertible loan (£40k), workshops with experts tailored to digital health, mentoring by a hand-picked network of experts, and introductions to investors and corporates.
For more information about KQ Labs and their programs, visit www.kqlabs.com
About Chicago ARC
Chicago ARC is on a mission to change how health innovation is developed and delivered so that technology narrows the significant gaps in U.S. healthcare access and outcomes. Delivering solutions that meet the needs of historically underserved communities is both the right thing to do and represents a large and growing U.S. market opportunity. Chicago ARC’s first-of-its-kind healthcare ecosystem accelerator model translates health equity needs into new solutions and scalable startups. Its partner network represents over 750 healthcare delivery and training facilities centered in the United States’ third largest market, along with a global corporate and startup network.
