Health & Biotechnology
Turning science into business
At iDesignproject, we’re committed to unlocking the power of the genome, and we know we can’t do it alone. iDesignproject Mentoring and Accelerator is our way of accelerating innovation in the entrepreneurial community. With extensive mentorship, financial support, and access to resources, and lab space, we are building a dynamic ecosystem to help genomics startups launch in the US and Globally. Together, we’ll advance breakthrough applications in genomics, including therapeutics, diagnostics, agriculture, synthetic biology, food science, medical devices, and direct-to-consumer applications. We are uniquely positioned to provide this unprecedented collection of capabilities and resources through our partnership with top-tier investors, seasoned executive managers, and numerous world-class research institutions that partner closely with us. Our partners have extensive experience in transforming great ideas into viable commercial products and they provide our companies with critical knowledge to streamline the development and commercialization of novel technologies. The value of our collective resources is investing in life science companies that are helping to shape the rapidly evolving future of medicine and healthcare.
Program benefits:
Navigating Grant Funding
Assistance in understanding and accessing R&D money.
Coaching
We provide our startups with high-quality business guidance and expertise to help guide your go-to-market strategy, financing strategy, team building, and beyond.
Facility
Our startups have access to fully equipped lab and office space with our partners in the US and Globally, so they can begin experiments on day one.
Typically, a new life science venture is started up in the United States when a scientist, through first government or foundation grants, discovers a pathway or mechanism in biology that is particularly interesting and appealing for disease intervention or treatment. The scientist then files a disclosure through the university office and begins discussions with the technology transfer or licensing officer at the university about commercializing the discovery. He or She then writes a small business innovation research grant to fund the startup activities, rounds up some collaborators (other scientists or business associates) and licenses the discovery from the university.
The scientist-entrepreneur then has two choices: either continue in the university position while developing the company on the side or leave the academic position (permanently or temporarily on a leave of absence) to pursue the commercialization of his or her discovery actively. And that’s where iDesignproject helps the venture in its launch, typically focused on products, with a business model of forming a fully integrated company.
