Commercialization Programs
All programs are virtual
I-RED
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Pre-Accelerator
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Accelerator
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EnRICH
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| Overview: | I-RED is a 16-week commercialization program, funded by the NIH, to support academic-based faculty, clinicians, and students, helping them to: (1) build the entrepreneurial skills needed to translate scientific discoveries and innovative technologies into commercial products, and (2) shorten the time it takes to get these technologies from bench to market. | XLerateHealth's (XLH) Pre-Accelerator is an 8-week program developed to help idea or very early stage entrepreneurs, clinicians, faculty, and researchers obtain an understanding of the process for evaluating the commercial potential of their idea, product, or service, learn the basics of validating their business model and starting a business. | XLerateHealth's Flagship Bootcamp is a 12-week intensive accelerator program for innovators who have already started a company and are working to commercialize and scale their business and raise capital. 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 Pre-Accelerator” for faculty and students at HBCUs. The program includes (1) technology transfer, entrepreneurial/lean startup mindset, growing a sustainable business, and (2) idea acceleration where participants develop a pitch and compete for potential prize money and entry into other commercialization programs. |
| Goal: | Secure IP, form an entity, learn how to create and validate a scalable and fundable business model, develop a regulatory and reimbursement strategy, and begin to build an investor pitch deck. | 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 who are thinking about or who are beginning to work through the commercialization of their technologies | 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: | Faculty, Clinicians, and other life science/bio-tech researchers as well as postdocs or graduate students working with faculty mentors. | Any coachable researcher, clinician or entrepreneur that wants to learn how to validate the commercial potential of their idea or technology. | Healthcare/biotech researchers/entrepreneurs (includes those working on medical devices, diagnostics, therapeutics, digital health, and healthcare services). | Faculty and students at HBCUs with a health-related innovation or biomedical technology in need of disclosure, protection and/or acceleration towards commercialization. |
| Program Outline: |
Week 1: Intro to Commercializing a Life Science Company Week 2: Intro to Licensing Univerity IP Week 3: Choosing your Business Entity Week 4: Intro to Lean Startup & Lean Canvas Week 5: Sizing the Market Week 6: SBIR/STTR Week 7: Unit Economics Week 8: Angel & Venture Capital Week 9: Reimbursement Week 10: Creating an Investor Pitch Deck Week 11: Financial Modeling Week 12: Regulatory Week 13: Term Sheets Week 14: Partnering Week 15: Material Sourcing, Prototyping, Manufacturing Week 16: Final Investor Pitch |
Week 1: Intro to Lean Canvas & Customer Discovery Week 2: Elevator Pitch, From Problem to Solution, Value Proposition, Critical Stakeholders Week 3: Marketing Tips & Tricks for Startups, Customer Archetype Week 4: Pitch & Story Telling. Unit Costs & Market Size (TAM, SAM, SOM) Week 5: Building a Pitch Deck, Revenue Model & Channel Partners Week 6: IP, Legal, Regulatory. Revisit Lean Canvas Week 7: Funding (Non-Dilutive & Private Capital), Competitive Analysis Week 8: Finance & Accounting for Startups, Pitching to Investors & Customers |
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 : Introduction to Lean LaunchPad Methodology Week 4 :Customer Discovery Best Practices Week 5 : Pains/Gains and MVP Week 6 : Lessons Learned Presentations/Business Model Canvas Overview Week 7 : Leveraging TTOs (and other Support Services) Week 8: Intro to Startup Formation/ Funding Types Week 9 : Perfect your Pitch Week 10 : Pitch Competition |
| Learn More | I-RED Commercialization Program | XLerateHealth Pre-Accelerator Program | XLerateHealth Flagship Accelerator Bootcamp | EnRICH Pre-Accelerator for HBCUs |
| Number Accepted | 8-10 | 8 | 6-8 | no limit |
| Start Date: |
Early 2025
Rolling Applications |
Early 2025
Rolling Applications |
Spring, Summer, Fall
Rolling Applications |
Fall 2024
Rolling Applications |
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