The IndieBio life sciences accelerator has officially launched in New York and is now accepting applications until March 1st (http://indiebio.co/apply). Each team accepted into the program will receive $250K, lab and co-working space and mentorship during the four-month program that kicks off in April 2020. IndieBio is looking for early-stage companies where biology is the underlying technology, which includes therapeutics, devices, diagnostics, computational biology as well as consumer and industrial applications, such as plant-based foods, cellular agriculture. Therapeutics companies accepted into IndieBio New York are eligible to receive up to $2 million.
“This is a great opportunity for life sciences startups building their business in New York State,’’ said Marsha Gordon, President and CEO of the Business Council of Westchester. “The bio-tech and life sciences are taking off, and accelerator programs like Indie Bio could help energize this already growing sector in Westchester.’’
IndieBio, the world’s first life sciences accelerator, was created by venture fund SOSV in 2014. In the past five years, SOSV/IndieBio has backed nearly 200 life science startups with a combined valuation of over $3 billion, raising more than $700 million and employing over 2,000 people. This number includes pioneering deep-tech startups like Memphis Meats (cellular agriculture), Prellis Biologics (human tissue engineering), Synthex (cancer therapeutics), NotCo (plant-based animal-free food products) and Perfect Day (milk without the cow).
The IndieBio New York accelerator program is a key addition to the life sciences landscape in New York State, and fills critical gaps in early-stage funding and access to talent that were identified in the Partnership Fund for NYC’s 2016 life sciences report. The Partnership Fund for New York City will invest $10 million into graduates of the program that remain in New York. IndieBio New York has been created with the support of New York State, which will invest up to $25 million to support operations.