Investing in NextGen Health Residency

Date: 03/08/2022

Northern Light Health becomes first company in Maine to invest in NextGen Health Residency

Brewer, Maine (March 8, 2022) - Northern Light Health has taken a large step forward in investing in Maine’s future by becoming the first company in the state to partner in the NextGen Health Residency, a program of the Roux Institute at Northeastern University in Portland, Maine. The NextGen Health Residency is designed to support first-time entrepreneurs and entrepreneurs from underrepresented groups with high-growth ideas that have the potential to fundamentally alter the way we live and work.

This innovative arrangement will provide aspiring entrepreneurs with a real-time look at the healthcare industry, a promising path for career progression, assistance with developing new skills, continuous learning opportunities, and the ability to be a part of solving some of the industry’s most challenging problems. Tim Dentry, president and CEO, Northern Light Health shared, “Northern Light Health is thrilled to take this leading step with the NextGen Health Residency. Not only are we helping to invest in the future of young, cutting-edge researchers and entrepreneurs, this is a win for all of Maine with the potential to catalyze economic growth, mobility, and opportunity throughout the region.”

Through this arrangement, Northern Light Health will make a $500,000 annual commitment for the next three years to the NextGen Health Residency as well as provide access to leading experts in the industry, mentorship, and a first-hand look at healthcare today. In turn, the program will design and initiate research, innovation, and other initiatives consistent with the strategies of Northern Light Health.

Benjamin Chesler, associate director of Entrepreneurship at The Roux Institute says, “We could not be more thrilled to have Northern Light as a Founding Partner in our NextGen Health Residency. As one of the premier health systems in Maine, their participation will help us attract some of the top entrepreneurs building the next generation of healthcare-focused companies.”

Dentry added, “By working together, we are actively creating more possibility through ideas yet to be realized, making our home state an attractive place to live and work. It’s another way we are living up to our promise to make healthcare work for Maine.”

For more on Northeastern University’s Roux Institute, visit https://roux.northeastern.edu/.