Southeast XLerator Network I-RED Program
ATTENTION: University based Faculty, Researchers, Clinician Faculty, and Students!
QUALIFYING REGION: NIH SE IDeA States (KY, WV, SC, AR, LA, MS, and Puerto Rico)
APPLICATION DEADLINE: APPLICATIONS ARE NOW CLOSED
Up to $35k of Funding Available to support your commercialization efforts
As part of the Southeast IDeA Regional Entrepreneurship Development (I-RED) Program funded by the National Institute’s of Health, the XLerator Network is developing and launching a suite of experience-based entrepreneurship educational modules, products, and tools that will be coupled with the I-RED Commercialization Program that will launch this summer. The aim of the I-RED Program is to build university based biomedical researchers’ and students’ entrepreneurial skills needed to translate scientific discoveries and innovative technologies into commercial products and shorten the time it takes to get these technologies from bench to market.
We are looking for academic based innovators in the Southeast IDeA State region (Kentucky, West Virginia, Arkansas, South Carolina, Mississippi, Louisiana, and Puerto Rico) to participate in the I-RED program, and have issued a highly competitive Request for Applications for the inaugural I-RED Program.
Who Qualifies?
We are currently seeking applications from faculty, academic investigators, clinicians (with university faculty appointments), and students — who: (1) are close to or ready to translate their human health related technologies into commercial products (e.g., medical devices, diagnostics, therapeutics, digital health, and tech enabled healthcare services) or (2) have already created a company and are looking for commercialization, customer development and funding support.
Is there Funding?
Successful applicants will receive funding that aligns with their commercialization targets and milestones (see examples below).
Application Deadline: APPLICATIONS ARE CLOSED
Questions? Please email us at: [email protected]
Commercialization Milestone Based Funding
Successful applicants will receive funding that aligns with their ability to achieve commercialization targets and milestones. See some examples of milestones below:
• Create a Business Model Canvas or a Lean Canvas and engage in customer discovery to validate your business model
• Create a customer discovery question set, a customer discovery target list, and a draft email introduction
• Complete 25 quality customer discovery interviews
• Attend a conference to engage in customer discovery
• Size the market
• Complete a competitor analysis and grid
• Complete a customer ROI analysis
• Define the unit economics related to your technology and associated revenue model (which includes pricing)
• Draft a 5-year pro-forma
• Complete an investor pitch deck
• Complete a competitor analysis
• Pitch at an external entrepreneurial “Pitch Competition”
• SBIR application submitted
• Define and validate your regulatory and/or reimbursement pathway
• Create a profile on GUST, create an investor tear sheet, create a one pager that can be used for customer discovery