From music to health care, Nashville’s thriving start-up scene
Nashville is world famous for its music industry, which boasts an economic impact of some $10 billion on the city and its surrounding region each year. But perhaps what’s even more impressive is its thriving health-care scene, which nearly quadruples that stat.
Health care is a major part of the Nashville ecosystem, with a $38.8 billion impact on the regional economy in 2014 and a slew of publicly traded health-care companies operating out of the city, including the Hospital Corporation of America, according to the Nashville Health Care Council. However, newer start-ups are also laying down roots in the music city.
Vic Gatto runs Nashville’s Jumpstart Foundry, a health care–focused investment platform that graduates 10 start-ups from its 14-week accelerator program each summer. Gatto, founder and CEO, comes from a venture capital background and wants to take his participating classes to 100 percent success rates — right now he is at about 70 percent. Jumpstart has graduated 48 companies that have raised more than $31 million in funding over the past six years.