Indie.bio, formerly known as SynbioAxlr8r, was the world's first accelerator for biotech. It ran in Cork, Ireland for the first time this Summer, stewarded by our own Jacob Shiach.
YCombinator announced shortly after SBX's launch that they were gonna do biotech, too, and invested in a number of more mature companies than SBX/Indie.Bio is aimed towards.
So, neither is copying the other, and there's no competition: Indie.Bio is designed for launching early-stage or freshly-minted biotech startups.
Indie.bio is now also operating in the Bay Area with Indie.Bio SF, which closed applications last week, but is still operating in Cork, Ireland: that's the event for which I'm seeking applicants and ideas, as I'm the new Director of the Cork programme.
OK I'm confused.Is this Y Combinator itself (which now also looks at biotech) ... or is it IndieBio which is emulating Y Combinator?Thx >matt
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"Cathal (Phone)" <cathalgarvey@cathalgarvey.me> wrote:
Yep. 50k for 8% with an optional convertible loan note at 20% discount. The programme itself is pretty intensive and is valued at an additional 50k per team, so the total value excluding the note is around 100k.
On 13 December 2014 00:19:50 GMT+00:00, Yuriy Fazylov <yuriyology@gmail.com> wrote:50k now?
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Sent from my Android device with K-9 Mail. Please excuse my brevity.
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