IndieBio
IndieBio is a San Francisco-based seed accelerator devoted to biotechnology startups. As of May 2020 it has helped 116 companies divided into 9 batches with a combined valuation of over $3 billion, raising more than $700 million and employing over 2,000 people.[1] In 2020, IndieBio introduces their New York office. [2] [3]
Founding History[edit]
IndieBio was founded by Arvind Gupta and Sean O'Sullivan in November 2014 as a sub-organization of the venture capital firm SOSV. Other SOSV accelerators include Chinaccelerator, HAX Accelerator, MOX, Rebel Bio and Food-X.[4]
Program[edit]
Each team selected to be part of the IndieBio program receives $250K in funding. They also move to downtown San Francisco where they join the rest of the start-ups and get access to mentoring, lab and co-working space for a total period of four months.[5] During that time, founders have the opportunity to engage with customers and pitch to investors. Afterwards, they become part of a huge network of IndieBio alumni, investors, biotech entrepreneurs, press and corporate partners. IndieBio continues to support and invest in it's companies through the years after they graduate.[6]
Selection Process[edit]
The start-ups apply by filling an online application form in the SOSV webpage.[7] A small portion of the applicants is then contacted to start a series of interviews. Afterwards, they are told whether they will be participating or not. An average of 10 companies are selected to be part of each program. [8]
Notable Startups[edit]
A number of notable startups have been part of the IndieBio acceleration program. Among them are companies expected to make changes in the food industry, like creating plant based food that usually have some type of animal component. Other startups are working towards a greener and sustainable future, using biotechnology to create eco-friendly ways of production. They also invested in companies dedicated to making meaningful changes in medical diagnosis, pharma, genome analysis, personalized medicine and other health related fields. Other companies are bringing the industry 4.0 into biotechnology, using state-of-the-art techniques to lower the cost and increase the efficiency of production for healthcare, food and other industries.[9] Some of these notable startups are:
- Geltor
- Memphis Meats
- New Age Meats
- The Not Company
- Finless Foods
- Stämm
- Prime Roots
- Clara Foods.
- Michroma
- Perennial
- Miraculex
- Protera Biosciences
- Beeflow
- Endless West
- Sugarlogix
- ViaeX
- Zymochem
- NovoNutrients
- MycoWorks
- Jungla Inc,
- BioAesthetics
- BioROSA Technologies
- Ember Medical Inc
- QuantumCyte
- Chronus Health
- Prellis Biologics
- Filtricine
- SyntheX
- Convalesce Inc
- DNALite
- Oralta
- NeuroQore, Inc.
- OneSkin
- Ranomics
- Scaled Biolabs
- Sun Genomics
- Indee Labs
- Serenity Bioworks
- Aluna Medical Diagnostics
- Caspr
- Jointechlabs
- Girihlet
- BioInspira
- Mendel
- BiomeSense
Catalog Technologies[edit]
Most of these have reached seed, growth or exit rounds and gained funds from world known venture capitalists like Tim Draper and Bill Gates.
References[edit]
- ↑ News, B. C. W. "IndieBio Looking for Applications for Life Sciences Start Ups".
- ↑ Wolf, Julie (April 9, 2020). "Introducing IndieBio New York". Medium.
- ↑ July 20, Betsy Kim |; PM, 2018 at 12:59. "Life Science Accelerator IndieBio to Open in NYC in 2019". GlobeSt.
- ↑ "Sosventures - SOSV is "the accelerator" VC, investing about $50 million per year in startup companies. | Startup Ranking". StartupRanking.
- ↑ Kosner, Anthony Wing. "IndieBio Accelerator Helps Synthetic Biology Attain The Agility Of Software Startups". Forbes.
- ↑ "IndieBio wants to do for biotech what accelerators have done for IT". Nikkei Asia.
- ↑ "Apply To IndieBio". sosv.com.
- ↑ "World's first SynBio accelerator returns to UCC". University College Cork.
- ↑ "IndieBio Investor Profile: Portfolio & Exits | PitchBook". pitchbook.com.
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