Programs

XLerator Network Program Offerings

All programs will be virtual in 2020

Screen Shot 2020-05-28 at 4.12.25 PM FFMI fastPACE Home-LaunchIt LaunchIt Copy of XLerateHealth Social Logo XLerateHealth
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.
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
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).
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)
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
Number Accepted 5-7 32 6-8
Start Date: September 25, 2020 August 27, 2020 August 5, 2020
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