Since 2011, Propeller has incubated and accelerated 293 ventures through the Impact Accelerator and Social Venture Fund. Collectively, they have generated over $262 million in external financing and revenue and created 485+ full- and part-time jobs. Our businesses and nonprofits overall have an 83 percent survival rate, compared to the national average of 56 percent.
As a result of our work with ventures in the health focus area, Propeller has influenced the following outcomes:
Served 25,512 people by providing direct healthcare or wellness services addressing chronic health conditions, preventative wellness and care, maternal/women’s health services, childbirth education, and in-home urgent care.
Served 3,200 people with aid or educational services about health disparities in childbirth, birth outcomes, breastfeeding, prenatal disparities, healthy pregnancy, and reproductive justice.
Provided fitness services to 20,550 people in yoga studios, parks, schools, juvenile detention centers, summer camps, and recreation centers.
Raised community awareness of the importance of health, serving 71,798 people in the areas of maternal and birth outcomes, perinatal disparities, breastfeeding, healthy pregnancy, reproductive justice, physical health, social/emotional health, breast cancer, breast health awareness, obesity, heart disease, and Post Traumatic Stress Syndrome.
Health Focus Area
Propeller addresses health disparities in New Orleans by working to increase affordable access to healthcare and wellbeing services both in and beyond formal medical settings. In 2016 alone, two Propeller entrepreneurs opened new medical clinics in previously underserved neighborhoods. Other small businesses and nonprofits are pioneering healthcare technology, including a platform to simplify healthcare plan choice and a powerful bioinformatics platform. Propeller entrepreneurs work in spaces where New Orleanians work, live, and play to address social determinants of health, from violent crime to access to green space.
Propeller’s health Accelerator focuses on supporting entrepreneurs providing direct health and wellness services, including clinical care, and services that address the social and physical determinants of health. To date, Propeller has accelerated 58+ health-focused ventures by providing access to contacts, contracts, community, capital, mentors, and subject matter experts (financial modeling, graphic design, customer pipeline, marketing, fundraising, etc.). This support has resulted in substantial success for these entrepreneurs.