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BexarBio Pitch Competition
About the Competition
June 24th | Henry B. Gonzalez Convention Center
Hosted by VelocityTX and sponsored by Bexar County Economic & Community Development, BexarBio is Greater San Antonio’s $100K cash prize pitch competition strictly focused on biomedical startups.
Requirements
Biomedical startups located throughout the nation that meet the below eligibility requirements are strongly encouraged to apply. The application deadline is May 1st, 2024. All applications will be reviewed and screened by the BexarBio Screening Committee. The screening committee will determine which applicants advance to the semi-final round of 12 competitors based on the following criteria from their submitted applications:
- Meeting all necessary competition eligibility requirements
- Leadership – Does the team have the ability to reach the next level of success?
- Business Model – Is the revenue model realistic and sustainable?
- Execution – Are there strong growth metrics or measurable traction?
- Jobs – If success continues and scales, will this create more jobs?
- Quality of submitted responses in the application
Process
Semi-finalists will be randomly placed into one of four groups (designated as Groups A, B, C & D to participate in private pitch sessions with 3 judges). Each semi-finalist will present a 5-minute pitch followed by a 5-minute Q&A session, during which they will be evaluated and scored by a panel of judges. The scores from each semi-finalist cohort will be compiled, and the rankings will be determined based on these aggregated scores. The top four highest-scoring semi-finalists will then advance to the final round of the competition, set to take place at the San Antonio Convention Center on June 24, 2024.
The BexarBio final event will consist of 5-minute pitches with a 5-minute Q&A session that will be delivered to a panel of 4 judges.
All finalists will compete in the BexarBio final event on June 24th, 2024.
Qualifications
Applicants for consideration should:
- Be a company with one of the following focus areas: medical device, biotech, healthcare IT or related fields
- Preferably be headquartered in the United States
- Be a properly registered business entity in the United States. (International companies are welcome to apply with the commitment of moving their business to Bexar County.)
- Have received less than $4.5M from 3rd-party investors
- Generate less than $2.0M in annualized revenue
- Has been validated by securing non-dilutive or dilutive funding
- Maintain a company presence (office or remote employee) within Bexar County for a minimum of 6 months after prize money award date
Competition Details
A finalist from each group will be selected by their judging panel to advance to the final round of the competition. The 4 finalists will then compete for the Judges’ Grand Prize of $75,000 live on June 24th, 2024.
The 2024 BexarBio finalists will deliver a 5-minute pitch and have a 5-minute Q&A session with a panel of 4 judges. Judges will then deliberate to select the Judges’ Grand Prize of $75,000 winner and 1st runner-up of $15,000. 2nd runner-up will receive $10,000. All award winners will receive a 12-month co-working membership at the VelocityTX Innovation Center.
Disclaimer: Finalist prize winners will be required to maintain a company presence (office or remote employee) within Bexar County for a minimum of 12 months after prize money award date.
FAQ
What is the definition of a “biomed” startup for this competition?
Companies in the pharma, biotech, medical device, health IT, and related industries will be considered.
When is the deadline to submit our application?
Applications must be submitted by 11:59 PM on May 1st, 2024.
How long will it take to fill out this application?
The application should take roughly 30 minutes to complete.
Do I have to submit a pitch deck?
You are strongly encouraged to submit a pitch deck and/or demo video to be reviewed by the selection committee choosing the semi-finalists. However, this is not required.
What happens if I’m a semi-finalist but can’t travel to San Antonio?
The semi-finals will be conducted over a Zoom call so it is fine to be remote. However, if selected as a finalist you will need to travel to San Antonio for the final competition on June 24th.
