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Incubator Program
The VelocityTX Incubator program is a two to five-year program designed to help early-stage bioscience companies scale by providing long-term support and the necessary resources they need to evolve and grow into a mature business. Within the incubator, clients receive mentoring, help with getting funding, guidance on business plan development, prototype development support, and exposure to the bioscience and healthcare ecosystem. The primary goal of the incubator program is to drive economic growth by producing successful, financially viable, and sustainable companies.
Incubator clients have access to a world-class Innovation Center with 17,000 square feet of office and coworking space, meeting rooms, and other amenities. Incubator clients are immersed into a collaborative space surrounded by a like-minded community of people who want to change the world– innovators, doers, thinkers, connectors, entrepreneurs, and industry leaders. VelocityTX will tap into its extended network of experts, founders, and investors to help the incubator clients scale their operations and achieve significant growth.
Program Benefits
- Access to office and lab space, including amenities within the VelocityTX Innovation Center
- Mentoring from industry experts, many of whom have successfully exited a company
- Guidance from EIRs in scaling your business using the Growthwheel International Coaching Methodology tool
- Participating in the CEO Roundtables monthly meetings
- Access to educational programmings such as Lunch N' Learns and webinars
- Increases opportunities to connect with and pitch to investors
- Networking opportunities with potential customers and the community
- Connecting with VelocityTX growing network of bioscience business leaders and professionals
Requirements and Eligibility
- Companies incorporated in the U.S. with a U.S. bank account
- Companies within one of the following focus areas:
- Medical device
- Biotech
- Healthcare IT or related fields
- Located in San Antonio, TX, or willing to relocate
- Have a team of two or more
- Demonstrate traction through at least two 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)
- Completion of a qualifying accelerator or pre-accelerator program
Program Expectations
- Meetings with mentors
- Coaching meetings with VelocityTX Entrepreneurs in Residence (EIRs) to create a plan for business growth using the GrowthWheel Methodology
- Attend educational trainings (BioLaunch Courses) and networking events (Connect with VelocityTX)
- Promote progress, success, and program updates on company’s social media channels
- Attend VelocityTX BioGlobal Accelerator Program’s Demo Day
- Provide company data on progress twice a year
Meet the Incubator Clients
The VelocityTX Incubator Program houses five health IT and medical device companies.
