Federal grant · project grant (b)
Purpose: Launch the Start-up Academy, Which Will Formalize a Network of Navigation Resources, Mentorship Opportunities, and Funding to Help Innovators Successfully Scale and Launch Their Bioproducts in the Region. Develop, Implement, and Grow the Bioresource Coordination and Access Network (biocan). Activities to Be Performed: 1) Hire Biolaunch Staff to Inventory and Build Connections to Regional Biotechnology and Entrepreneurship Resources. 2) Launch and Grow the Start-up Academy to Assist and Attract Biotech Innovators to the Region. Start-up Academy Will Help Biotech Innovators Navigate and Connect to the Resources and Mentorship Necessary to Grow Their Companies. 3) Coordinate the Region?s Strong Contract Development and Manufacturing Organization (CDMO) Capacities and Capabilities and Robust Pilot-scale Lab Network, Funneling Us Innovators to These Resources. Enable Small Biotech Innovators to Surmount Key Barriers From Lab to Market by Accelerating and Supporting Access to Regional Scale-up and Manufacturing Resources. Expected Outcomes: a Robust Network of Resources Available to Biotech Innovators to Help Them Launch Their Products in the Region. New Founder Community Formed, Innovators Engaged in Conferences and Events, and Mentorship Made Available to Entrepreneurs. 280 Biotech Firms Receive Concierge Services, 140 Biotech Firms Receive Mentoring Services, and 700 or More Hours of Mentoring Provided by Year 5. Develop the Biocan Grants Process, Evaluation, and Selection Criteria and the Grants Portal. 36 Innovators Will Receive Grants, 28 New Products Are Manufactured by Regional Cdmos, and 34 Innovators Matched With Lab Space by Year 5. Intended Beneficiaries: Innovators and Entrepreneurs Benefit From Curated Biotech Resources, Support Services, Community, Funding, and Mentorship. Contract Development and Manufacturing Organization Gain Opportunity to Produce New Products. Subrecipient Activities: Biocrossroads Will Support Review and Curation of Regional Biotechnology and Entrepreneurship Resources, as Well as the Launch and Growth of the Start-up Academy.
Committed
$11.9 Million
Paid out
$1.1M
9%
Committed, not yet paid
$10.8M
91%
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