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Revolutionising industry, pioneering medical technologies and transforming healthcare takes more than just a great idea and a can-do attitude. It takes a lot more. So, we designed a business accelerator programme specifically for life science entrepreneurs, based upon the ‘Lean Start-Up’ methodology and evidence-based entrepreneurship.
Not just for start-ups and spin-outs, the BioCity Business Accelerator Programme works with entrepreneurs at every stage from idea to exit to help businesses to get off the ground, and continue to grow, entrepreneurially.
When joining the BioCity Business Accelerator, we ask for nothing but commitment; no fees, no shares, no equity and no board seats. Be assured, we will push you, we will ask a lot of you and it won’t be easy; but it will be worth it.
The BioCity Business Accelerator Programme is an intensive eight-week programme specifically designed to help scientific entrepreneurs launch and grow businesses from their science.
You will learn how to ‘Lean Start-up’, using a set of highly effective tools to identify gaps in your business, evaluate risks and create a business model that stands-up to the scrutiny of potential investors, partners and customers.
You will work one-to-one with your dedicated coach, attend workshops or complete activities weekly.
You will meet esteemed figures from the life science world who altruistically give their time as part of the BioCity Expert Network, to offer advice and guidance.
So, what’s the first stage of the BioCity Accelerator Programme?
Our two and a half-day Pre-Accelerator Workshop is the place to start, which introduces the key entrepreneurial techniques you need to scrutinise and develop your business.
I don’t think I’m ready for the Pre-Accelerator Workshop yet, is there anything I can attend beforehand?
Yes! Our shorter Commercialisation Workshops (they range from three days, one day or two hours) are a great starting point. They will introduce key concepts such as ‘Lean Start-Up’, Business Model Innovation and how to tell your story.
Can I apply straight for the Programme?
Unfortunately, not. The Pre-Accelerator Workshop is a crucial stage and sets the foundation for what you’ll be learning during the 8-week Programme. Once you’ve attended a two and a half-day Pre-Accelerator Workshop, you’ll be invited to pitch for a place on the Programme.
My idea is at a very early stage; will I be suitable for the Programme?
Yes. If your business or idea falls into the Life Science sector, then our Programme is suitable for you. We work with all entrepreneurs at every stage from idea to exit.
What’s the impact of Covid-19? Is the Programme still running?
We’ve gone virtual (for now)! Once life can resume, as usual, we’ll go back to delivering these on-site, but currently, our Pre-Accelerator Workshops and Accelerator Programme are running on Zoom. As long as you have access to a laptop and WiFi, you’re good to go. We understand sitting in front of a screen for hours on end isn’t fun, so we’ve adapted the length of our workshops and sessions to suit a virtual environment.
I’m an international business, can I join the Programme?
Of course, many international businesses have been through the BioCity Accelerator Programme already. Usually, Covid-19 precautions aside, there are times when we need to see you face to face. Therefore we would ask that you travel to one of our locations hosting a Programme.
Does it cost anything to join?
No, the Programme is entirely free of charge.
Is the BioCity Accelerator Programme full time, and will I have to take time off work?
No, the Programme runs for half a day, once a week for 8 weeks. The 1-1 sessions with your coaches and additional work can be done at a time that suits you.
Do I have to sign anything to join? Do you expect pre-seed equity?
No. You do not have to sign a contract to join the BioCity Accelerator. We do not take a percentage of your business; you are not committed to any lasting relationship with us. If you want to remain in the Collective and work with us to grow your business – great. But there are no obligations; you owe us nothing. (NB this is very unusual – traditional accelerators take 5-10 per cent pre-seed equity in participating start-ups.)
Magda Kordon is co-founder of intoDNA, a start-up on a mission to enhance understanding and quality of DNA damage diagnostics and to improve any therapies where DNA integrity matters. Watch her journey on the BioCity Business Accelerator Programme.
Find out more by hearing from more programme graduate pioneers.