Professional business network Vator, Inc. will be holding its second annual Splash Health conference and startup competition on Feb. 23 at the Kaiser Center in Oakland, California. Many young and starting entrepreneurs, CEOs, investors and experts, mostly from the Silicon Valley, are invited to discuss topics on digital health.

A total of 39 speakers and five delegates will be attending the one-day event to talk about how digital healthcare is changing. It will also focus on how innovation and financing the industry can help people as well as the entrepreneurs and investors.

"The numbers underscore the rabid activity in this space. More than $4 billion was invested in digital health startups in 2015, up 5% from the prior record year. We're thrilled to present a platform for the brightest minds in the digital health community to converge for a full day of dynamic conversations and idea-sharing," Vator founder and CEO Bambi Francisco said.

What is Digital Health?

Digital health or digital healthcare is a ground-breaking technology that uses hardware and software devices to aid and supervise a person's health and lifestyle. It's also helping in reducing costs as well as increasing the quality of medicine.

Everyday technologies like applications, the Internet, smartphones and social networks are combined with existing medical records to improve the current healthcare system. An example is a digital glucometer that monitor's patient's blood sugar levels while in the comfort of his or her own home.

The patient will just press send and the information from the glucometer immediately reaches the healthcare provider, doctor and hospital. There are already an estimated 100,000 digital health applications available in different online app stores.

Global Splash Competition

Besides the expected discussions regarding digital health, the winner of the Global Splash Competition will also be announced. Six startup companies that are under three years old and have $3 million or less in investments are chosen to make a presentation at the event.

A selection committee will determine from the six finalists who will have the opportunity to get noticed by the best venture capital firms. Representatives from Andreessen Horowitz, Kleiner, Perkins, Caufield & Byers, McKesson Ventures, Lemhi Ventures, Oak HC/FT Partners, ONSET Ventures, Qualcomm Life Fund and Subtraction Capital will be present.

The eventual winner will have at least ten guaranteed sit-down meetings with the firms while other prizes will include $15,000 of in-kind awards. Winners and finalists from the last five competitions have raised $750 million in investment.