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Accelerating Startup Partnership and Investment Readiness (ASPIRE) Program

Opportunity for USA Startups to Participate in an Entrepreneurial
Training Program to Prepare for Investment Fundraising

Agency Type:

Foundation / Corporation

Funding Source:

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VentureWell

Conf. Date:

08/07/19

Deadline Date:

08/12/19

Description:

Request a Grant Writer

Opportunity for USA startups to participate in an entrepreneurial training program to prepare for investment fundraising. During the week-long workshop, medtech startups will interact with active investors, mentors-in-residence, and expert speakers. The current cohort includes life sciences, medical device, and diagnostics startups.

VentureWell leads an intensive 5-day workshop designed to help science and engineering based startups prepare to raise their first rounds of investment capital and commercialize their technologies. VentureWell brings dedicated staff, experienced mentors-in-residence, active investors, and expert speakers together to support startups in:
- Developing the content, articulation, and materials required to approach and close deals with investors and strategic partners
- Walking through real-world stress tests to help startups prepare for inevitable disasters
- Creating tangible work product that can be shared with potential investors
- Hosting a mock board meeting to agree on the best course of action and resources required for the startup’s success.

Startups: Must be Committed and Competitive!
- Engaged Mentorship. Startups will work with stellar mentors over a series of dedicated days that have experience investing or partnering with startups.
- Network Building. Learn from peers and share experiences with a cohort of like-minded entrepreneurs who are facing similar challenges.
- Clear Milestones and Ask. Startups will leave with a clear articulation of their investment needs, including the investment ask and planned milestones for the round.
- Due Diligence Deal Room. Spend time creating and refining investor materials to use during the fundraising process. Invest time and energy into work product for a deal room, not a demo day pitch.
- Stress Tests. VentureWell pushes the boundaries with real world stress tests – actual startup disaster scenarios

GrantWatch ID#:

GrantWatch ID#: 186392

Number of Grants:

VentureWell will select 10-15 medtech startups.

Additional Eligibility Criteria:

Requirements:
- Team identified & startup formed: First-time founders with management team and key roles identified—no solo founders. Incorporated as a legal entity by the beginning of the program.
- Technology validated: Initial prototype developed, pre-clinical trials or animal studies underway. Innovation must be physical/device-based; no software-only products.
- Positive impact on patient outcomes: Clearly articulated assessment of how your technology will have a positive impact on patient outcomes and lower the cost of quality healthcare.
- Intellectual Property: Provisional patent(s) filed and assigned to the company or a clear pathway to the license.
- Early market validation: Validated customer segments and initial evidence of product market fit. Customer discovery underway.
- Actively fundraising: Company has raised at least $25K (grants or equity) and is preparing for an equity investment round within 12 months.

Pre-proposal Conference:

Are you a seed-stage medtech startup ready to embark on fundraising and want to learn more about the VentureWell ASPIRE Program? Register below to attend the webinar.

Webinars, 4:00 PM EST
- July 25: Register at https://go.venturewell.org/l/388732/2019-05-21/jqtlf6
- August 6: Register at https://go.venturewell.org/l/388732/2019-05-21/jqtlfb

Office Hours, 4:00 PM EST
- July 2
- July 8
- August 7
Select preferred date/time here: https://www.meetingbird.com/m/Hyj-dcaa4

Pre-Application Information:

Application deadline: August 12th

Medtech Cohort
September 23-27, 2019
Detroit, Michigan

Management team including CEO or founders (max 2) should commit to the full workshop (starts Mon 5pm, ends Fri 1 pm). The startup must be your full-time focus.

There is a $250 registration fee for each participant (transportation & accommodation not included).

Contact Information:

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

Application Portal: https://community.venturewell.org/VWCommunitiesLogin?startURL=%2Fidp%2Flogin%3Fapp%3D0sp390000004CE0%26binding%3DHttpPost%26inresponseto%3D_cf994fdd58fe9845f7cf5e67dd5499da4c0d793e39

Questions? Please contact Christina Tamer at ctamer@venturewell.org.

Not sure if you're a fit?
Email: David D'Angelo
ddangelo@venturewell.org

VentureWell
100 Venture Way
Hadley, MA 01035

URL for Full Text (RFP):

Geographic Focus:

USA: Alabama;   Alaska;   Arizona;   Arkansas;   California;   Colorado;   Connecticut;   Delaware;   Florida;   Georgia;   Hawaii;   Idaho;   Illinois;   Indiana;   Iowa;   Kansas;   Kentucky;   Louisiana;   Maine;   Maryland;   Massachusetts;   Michigan;   Minnesota;   Mississippi;   Missouri;   Montana;   Nebraska;   Nevada;   New Hampshire;   New Jersey;   New Mexico;   New York City;   New York;   North Carolina;   North Dakota;   Ohio;   Oklahoma;   Oregon;   Pennsylvania;   Rhode Island;   South Carolina;   South Dakota;   Tennessee;   Texas;   Utah;   Vermont;   Virginia;   Washington, DC;   Washington;   West Virginia;   Wisconsin;   Wyoming