IndieBio

IndieBio
Industry Venture capital
Founded Cork, Ireland
(2014, as Synbioxlt8r, LLC.)
Headquarters Cork, Ireland; San Francisco, California
Key people

Bill Liao
Arvind Gupta
Cathal Garvey
Ryan Bethencourt

Ron Shigeta
Products Investments
Website www.indiebio.co

IndieBio is the world's first startup accelerator for synthetic biology. It holds three-month programs for startups in Cork (Ireland) and San Francisco (USA) on a yearly basis.[1] It is backed by the venture capital fund SOSV.[2]

In exchange for equity, participating teams can profit from early seed funding to build a minimal viable product in a lab environment. The 3 month lab access, the possibility to profit from the mentorship program and the access to the network of the SOSV venture capital fund are valued as an additional non cash component. IndieBio startup teams are required to move to San Francisco or Cork for the duration of the program, where they work closely the mentors and IndieBio partners to get them ready for a first investment round.[3]

Shortly after the laboratory phase of the program, the first public business model and product demonstration is conducted in front of a selected audience and published via live stream. However, potential investors are brought into the labs throughout the development phase.[4] [5]

References

External links

This article is issued from Wikipedia - version of the Tuesday, January 26, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.