XLerator Network Program Offerings
All programs will be virtual in 2020
FFMI fastPACE
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LaunchIt
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XLerateHealth
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EnRICH
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| Overview: | The Fast Forward Medical Innovation (FFMI) fastPACE course is a 5-week deep-dive into the basics of biomedical innovation and entrepreneurship. The course is designed to build a business case for early stage technologies using interactive tools and the art of customer discovery. | LaunchIt is a 10-week program developed to help entrepreneurs and researchers obtain an understanding of the process for evaluating the commercial potential of their idea, product, or service, and to decide whether it makes good business sense to pursue commercialization. Participants work closely with experienced coaches. | XLerateHealth (XLH) is a healthcare accelerator that works with researchers and entrepreneurs over 12-weeks, helping them work through all steps of the commercialization process (e.g. business/revenue model, pricing, market size, regulatory/FDA, reimbursement and funding strategies). XLH has an extensive national network of over 300+ mentors and coaches with deep domain knowledge in the healthcare, life science, funding, and/or startup space. Unlike most accelerators, XLH continues to work with its portfolio companies for as long as they continue to need/want help. | EnRICH is a 10-week healthcare-focused innovation harvesting and commercialization “pre-accelerator” program for faculty and students at Historically Black Colleges and Universities (HBCUs). The goals of the program are one part education centered around technology transfer, entrepreneurial/lean startup mindset and growing a sustainable business, and one part idea acceleration where participants will compete to develop and pitch their healthcare innovation for IP protection, prize money and advancement toward additional commercialization programs. |
| Goal: | Help participants prepare a successful business case for funding and development partnerships. | Help participants validate the commercial potential of their idea. | Help founders prepare to attract funding and customers, and successfully commercialize their technologies. | Educate participants on intellectual property and commercialization pathways and help them protect and validate the commercial potential of their idea. |
| Program Stage: | Innovators in the early stage of thinking about commercializing their technology. | Entrepreneur with an idea or an existing business, researchers with an early stage project, or intrapreneurs with an idea for a new product or service. | Early stage companies (will work with researchers to establish an entity prior to the program starting if they haven’t already done so). | Innovators in the early stage of thinking about commercializing their technology. |
| Target Audience: | Clinicians and life science researchers as well as postdocs or graduate students working with faculty mentors. | Any coachable researcher, clinician or entrepreneur with an innovation that has commercial potential that wants to learn how to validate commercial potential. | Healthcare/biotech researchers/entrepreneurs (includes those working on medical devices, diagnostics, therapeutics, digital health, and healthcare services). | Faculty and students at Historically Black Colleges and Universities (HBCUs) with a health related innovation or biomedical technology in need of disclosure, protection and/or acceleration towards commercialization. |
| Program Outline: |
Week 1: Kickoff, problem/solution, business model canvas, clinical workflow, customer discovery Week 2: Intellectual property and competition Week 3: Regulatory and clinical trials Week 4: Reimbursement/revenue and healthcare economics Week 5: Pitches to fastPACE participants and coaches, discussion regarding what’s next? |
Week 1: Introduction, Business Model Canvas, Customer Discovery Week 2: Value proposition Week 3: Customer segments Week 4: Customer relationships, Get-Keep-Grow Week 5: Revenue streams, unit economics, financials Week 6: Distribution channels Week 7: Partners Week 8: Legal Week 9: Working with investors Week 10: Investor or customer presentations to participants & coaches |
Week 1: Participant presentations Week 2: Lean canvas & customer discovery Week 3: Market (TAM, SAM, SOM) Week 4: Value proposition canvas Week 5: Revenue model and unit costs Week 6: Get-Keep-Grow, CAC/LTV Week 7: Go to market strategy Week 8: Regulatory/reimbursement Week 9: Funding strategy Week 10: 5-year proforma Week 11: Investor/SBIR pitch Week 12: Investor update, Tear Sheet |
Week 1: Introductions; Invention Disclosures and Intellectual Property Week 2: Understanding How TTOs Work/ Evaluations (Patent Landscape Search/ Market Assessment) Week 3: BMC/Customer Discovery Process Week 4: Pivoting / Value Proposition Week 5: Identify Your MVP/De-Risking Experiments Week 6: Customer Discovery Presentation Week 7: Leveraging Your TTO/ Funding Types Week 8: Intro to Startup Formation Week 9: Perfect your Pitch Week 10: Pitch Competition |
| Number Accepted | 5-7 | 32 | 6-8 | |
| Start Date: | September 25, 2020 | August 27, 2020 | August 5, 2020 | September 18, 2020 |
Apply HERE
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