Y Combinator’s first nonprofit aims to crowdfund health care

watsiWatsi is hoping to use a Kickstarter model to help fund crucial medical cases around the world. Thirteen health care institutions are using Watsi already.

MOUNTAIN VIEW, Calif. — Though it is the undisputed king of incubators, many Y Combinator alumns have failed to make a profit over the years. But now, Watsi, which is hoping to bring a Kickstarter crowdfunding model to health care, is aiming to be its first (intentional) not-for-profit venture.

ycombinator-y-300x200-220x146At Y Combinator’s 16th Demo Day here today, Watsi showed off its platform, which is trying to be the first global crowdfunding platform for health care.

Rather than graduating from the Y Combinator program and seeking investment from tech-savvy venture capitalists, Watsi is soliciting donations from the tech community.

Read more at CNET

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