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Top applications for Newchip's leading accelerator program include an immersive digital medicines startup.
Fremont, CA: Digital therapeutics can meet patient requirements that have gone unmet by conventional medications and treatments. Companies that can use life sciences technologies to close these gaps together with quicker product development cycles may outperform established life sciences firms.
Rocket VR Health, a digital therapeutics company producing immersive therapy programs for cancer patients and survivors, has been accepted into Newchip's renowned global accelerator program, designed to provide seed-stage founders with all the skills and tools they need to fund, build, and scale their businesses rapidly. With an estimated portfolio of more than 9 billion dollars, the equity-free, entirely digital accelerator has assisted over 1,500 startups from more than 50 countries and 250 locations in raising over 450 million dollars in fundraising.
"Newchip evaluates a vast and diverse number of seed-stage companies from around the globe, selecting only a small percentage to be part of our Seed Accelerator program," says Armando Vera Carvajal, Vice President of Product at Newchip.
"This careful vetting process of both the business model and founders makes us an ideal partner for venture capital investors and other key stakeholders in early-stage startup financings who are looking for promising startups that are beginning to generate traction and revenue. Innovative healthcare technology companies like Rocket VR Health can scale quickly with proper funding and guidance. We are excited for Rocket VR Health and believe they will be well positioned to take advantage of our fast-expanding global ecosystem at Newchip."
Rocket VR Health, a tech firm founded in 2020, is creating various immersive virtual reality (VR) therapeutic packages to enhance the mental health of cancer patients and survivors significantly. Rocket VR Health aims to improve the accessibility, enjoyment, and engagement of cancer patients' mental healthcare. By incorporating tried-and-true clinical procedures into gamified exercises, meditations, and on-demand treatment experiences in stunning 3D natural settings, the firm aims to create the next generation of digital therapies.
Since its inception, the business has put together a top-notch staff of renowned oncologists, Hollywood animators, game designers, and knowledgeable VR technologists. Rocket VR Health is dedicated to advancing cutting-edge research and the use of VR in healthcare, and it is currently collaborating with several renowned oncology organizations.