The BioGlobal Accelerator is a highly competitive, 16-week (8 weeks virtual & 8 weeks in-person) collaborative accelerator program that helps bioscience companies scale with velocity. Through coaching by entrepreneurs in residence, mentoring from industry experts, and interactive technical sessions, this unique program provides the resources entrepreneurs need to succeed. We connect high-potential companies with custom growth strategies, talent, investors, and a prominent bioscience ecosystem.
Through April 15th 2021
July 19, 2021
VelocityTX mentors are a select group of industry leaders, many of whom have experience bringing their own bioscience and healthcare companies to exit. They’ll provide support to your company through one-on-one or team mentoring and lend you valuable insight to help you make key business decisions.
Along with the mentors, participants in the VelocityTX Incubator and the BioGlobal Accelerator have access to one-on-one coaching from Entrepreneurs in Residence (EIRs). Our EIRs are experts in business and the bioscience and healthcare industries who are certified in the proven GrowthWheel methodology, which they use to track the milestones and progress of each company. Using GrowthWheel, your EIR coach will work with you to develop a 30/60/90-day plan to scale your company to the next level
- Companies within one of the following focus areas:
- Medical Device, Biotech, Healthcare IT
- or a related field
- A company incorporated in the United States, with a US Bank Account
- A minimum team size of 2, with at least 1 business and 1 technical team member
- Traction through validation of one of the following:
- Proprietary intellectual property (i.e., copyright, trade secret, software, invention disclosures, patent applications, etc.)
- Proof-of-concept testing or prototype
- Funding (private or public)
Accelerator Training - Learn about all aspects of developing and running a bioscience-related company from our world-class technical and business experts.
Expand Your Network – Gain strategic introductions to key members of the bioscience ecosystem, including corporate partners, potential clients, other entrepreneurs, and investors.
Dedicated Mentorship & Support - Receive personalized feedback, advice, and guidance from our Entrepreneurs in Residence and industry expert mentors.
Access to Funding – 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.
Media Coverage - Receive unprecedented media attention from news outlets and journals.
- Unmet Clinical Need and Market
- Intellectual Property Strategy
- Regulatory Strategy
- Quality Management Systems
- Clinical Trials
- HIPAA Compliance
- R&D Strategy
- Manufacturing Strategy
- Reimbursement Strategy
- Hospital Procurement & Sales Strategy
- San Antonio Economic Overview
- Military Medicine
- Funding Approaches
- Finance & Accounting
- Organizational Development
- Business Models
- Communications & Pitching
The BioGlobal Accelerator Program culminates in a private investor pitch followed by a Demo Day pitch event that showcases each company’s milestones and successes to the community. Pitch first to a room full of investors and then to 200+ individuals* from the San Antonio bioscience and innovation communities. In addition to being introduced to potential partners, investors, and customers, one cohort company will win a $25,000 prize.
*Safety is a priority at VelocityTX. We are closely monitoring the global pandemic situation and will adjust programming and events for the BioGlobal Accelerator as needed in order to ensure the safety of our clients, staff, and community.
Upon completion of the BioGlobal Accelerator, entrepreneurs will have an investor-ready pitch, strategic introductions to key members of the bioscience ecosystem, growth strategies, and access to the funding opportunities, state-of-the-art facilities, and the resource network they need to succeed. BioGlobal Accelerator companies will receive a stipend to cover program expenses and have a chance to win a cash reward after completing the program.
There are two options for payment terms for the BioGlobal Accelerator program: an equity SAFE agreement or a $25,000 payment for services. We believe that there are tradeoffs between the two payment options, but they are intended to be balanced. You can review the program and SAFE agreements below to determine which payment option is right for your company’s financing situtation.