Accelerator Programs

[Dakota Hamill]

Ycombinator now accepts Biotech startups, which will be interesting.

What other accelerators are out there that offer cash in exchange for equity.  Incubators are great, but require you bring your own money, and a decent amount of it if lab space is expected.

I know of the one Cathal helped organized in Cork but that's past for the summer.  Are there ones with rolling admission type things out of curiosity?  

Also, does anyone know anyone who went to Ycombinator and what their experience was like?

[Jarrad]

I think realistically alot of capital will be very risk averse until they see a lead investment (such as ycombinator) get a few wins under their belt.
Biotech outside the medicine is very new (risky) in the eyes of well, everyone outside the field.
Unless of course, your working on software for biotech.

Your best bet would be finding (& seducing) an angel (you could try finding them on http://angel.co ) ideally you'd need a proof of market & working demo of your product to be attractive and be considered more than a research project.

Keep in mind that alot of these move into Venture Capital, and they will want to see a 10x return on their investment within a 4-6 year period and will not invest unless they are confident you can deliver that.

Ryan's Berkeley Biolabs offers subsidized labspace for share of equity and work with them - which might be your thing but doesn't solve your initial capital issue.

The only other I know of, is the one you mentioned, http://synbioaxlr8r.com/ - but their round of investments is done for this year it seems.

What are your thoughts about crowdfunded projects such as Glowing Plant & Real Vegan Cheese?

For me, they are very exciting, because they demonstrate a proof of market and if you can raise your own money then you become far more attractive to the options above. Doing this would also solve your rolling admission requirement :)

I am currently working on a platform to help better facilitate these kinds of projects.

[Jacob Shiach]

We'll be holding another Synbio program next summer and a more general LifeSci program sooner than that. If you're looking to enter the synbio one you can apply here(http://synbioaxlr8r.com/apply) and I'll be sure to post to the list when we go live with the LifeSci one.

[Cathal Garvey]

Also, credit for organising Synbio Axlr8r goes to Jacob, I'm just moar
spammy about it. ;)

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T: @onetruecathal, @IndieBBDNA
P: +353876363185
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[Josiah Zayner]

Where does the money from Synbio Axlr8r come from? Is it private investments? A group of investors? Companies?

[Cathal (Phone)]

From SOS Ventures, same group as Haxlr8r.

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