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BioGlobal Accelerator Program
The BioGlobal Accelerator Program is a highly competitive, 6-week (in-person) collaborative accelerator that helps bioscience companies scale with velocity. The BioGlobal Accelerator Program is the first and only one of its kind in San Antonio specialized for early-stage companies focusing on medical devices, biotech, and healthcare IT.
Through coaching by Entrepreneurs In Residence (EIR), mentoring from industry experts, and interactive technical and business sessions, this unique program provides the resources entrepreneurs need to succeed. VelocityTX connects high-potential companies with custom growth strategies, talent, investors, and a prominent bioscience ecosystem.
Early-stage companies have two options for payment terms (please refer to program agreement for details) and dedicated co-working space at VelocityTX Innovation Center.
Application Open: Now
Application Closes: July 31, 2023
Cohort Announced: August 16, 2023
Program Duration: Sept-Oct, 2023
Program Benefits
- Accelerated Training – Learn about all aspects of developing and running a bioscience company from VelocityTX world-class technical and business experts.
- Expand Your Network – Gain strategic introductions to key members of the bioscience ecosystem, including corporate partners, potential clients, entrepreneurs, and investors.
- Dedicated Mentorship and Support - Receive personalized feedback, advice, and guidance from VelocityTX EIRs and mentors.
- Access to Funding Opportunities – Pitch your company to investors.
- Scale Your Company – Take your company to the next level with custom growth strategies, a fined-tuned pitch, and an increased network.
Meet the 2022 BioGlobal Accelerator Cohort
Program Curriculum
| Technical Modules | Business Modules |
|---|---|
|
Unmet Clinical Need and Market |
Business Models |
|
Health IT and Data |
Legal ad Insurance |
|
Clinical Trials and FDA Regulations |
Tax Implications |
|
HIPAA Compliance |
Finance and Accounting |
|
Reimbursement and Financial Considerations |
HR Practices |
|
R&D and Product Development |
Funding Approaches |
|
Hospital Procurement and Sales Strategy |
Organizational Development |
|
Manufacturing Strategy and Outsourcing |
Building a Pitch |
Requirements and Eligibility
- Companies within one of the following focus areas:
- Medical Device, Biotech, Healthcare IT
- or a related field
- Company must be incorporated in the U.S., with a U.S. bank account
- A minimum team size of two, with at least one business and one technical team member
- Traction through validation of one of the following:
- Intellectual property rights (i.e., copyright, trade secret, software, invention disclosures, patent applications, etc.)
- Proof-of-concept testing or prototype
- Funding (private or public)
Program Expectations
- Participation in all curriculum sessions and events
- Six weeks will require being present in San Antonio, TX
- Regular meetings with EIRs and mentors
- Willingness to engage with the cohort and with members of the VelocityTX Innovation Center
Program Agreement
VelocityTX offers companies two options for payment terms. Please review the program and SAFE agreements to determine which payment option is right for your company’s financing situation.
- 1. An equity SAFE agreement
- a. $35,000 with $3mil valuation cap
- b. Hotel costs covered during the program
- c. Airfare up to $1,000 covered
- 2. A $30,000 payment for services.
Application Process
The application opens Spring 2023, with a closing date of July 31st. A maximum of 8 companies will be accepted into the program. The cohort selection will be announced in August 2023.
Thank you to our 2023 Sponsor
for generously supporting VelocityTX and future innovators.
Meet the 2021 BioGlobal Accelerator Cohort
