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IndieBio

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IndieBio
IndustryVenture capital
Founded2014
HeadquartersSan Francisco, California
Key people
Arvind Gupta

Alex Kopelyan

Jun Axup
ProductsInvestments
Websitewww.indiebio.co

IndieBio is a leading startup accelerator for life sciences. IndieBio provides $250k in seed funding and a 4-month design driven program to build groundbreaking biotech companies. It was founded in September 2014 by Arvind Gupta, [1][2] and is backed by the venture capital fund SOSV.[3]

In exchange for equity, participating teams can profit from early seed funding to build a minimal viable product in a lab environment. The 4 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 for the duration of the program, where they work closely the mentors and IndieBio partners to get them ready for a first investment round.[4]

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.[5] [6]

In 2017, IndieBio hosted ten students from Khan Lab School at their laboratories for two weeks. The Managing Director and Founder, Arvind Gupta, stated that IndieBio is looking to establish a long-term partnership with Khan Lab School and scale up the ability to teach cutting-edge biotechnology at high schools nationwide.[7]

References[edit | edit source]

  1. "Silicon Valley Biotech Hub Success Secrets". Business Insider. April 28, 2018. Retrieved Apr 28, 2018.
  2. "A Silicon Valley biotech hub that offers startups $250,000 says venture capitalists are missing out on 3 big breaks". Business Insider. May 2, 2018. Retrieved May 2, 2018.
  3. SOSV Accelerator Programs (Aug 28, 2015), SOSV
  4. Biotech Accelerator IndieBio Bumps Funding To $250K Per Startup To Give Founders More Runway (May 12, 2015), Sarah Buhr, TechCrunch
  5. 9 global start-ups strut their stuff at Indie Bio Demo Day in Cork (Aug 13, 2015), Connor McKenna, Silicon Republic
  6. The 12 Startups That Launched At Biotech Accelerator IndieBio’s First Ever Demo Day (June 11, 2015), Sarah Buhr, TechCrunch
  7. How the World's Largest Biotech Accelerator Became a Classroom (May 9, 2017)

External links[edit | edit source]


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