MCE’s new bioscience business accelerator program.
What to Expect
BioStartup is led by a program manager with 20+ years of healthcare services, medical devices and life sciences entrepreneurial experience, who works closely with member companies to understand their business needs and connect them to appropriate MCE, Partner and Industry resources.
In addition to putting in effort and being challenged, BioStartup companies can expect the following upon acceptance into the program:
BioStartup is a 4-month program with rolling admissions.
Applications are open. Apply Now
Applicants should be biotech, digital health, life sciences or medical device companies who:
- Have confirmed technology feasibility and viability
- Have received or applied for Intellectual Property (IP)
- Have a prototype
- Are ready to start or grow their business
Participants in the program are competitively selected companies. Applicants are required to undergo an application process, followed by an in-depth interview to ensure we are providing our expertise and resources to companies with the heart and destination to succeed.
Main Program Elements
BioStartup program elements include a company assessment, industry specific one-on-one coaching & mentoring, intensive multi-day high-impact workshops, networking & connections to bioscience peers and business community visibility and connections.
The program begins with an internal review to identify current technology and company stage, understand short and long term goals, establish objectives to identify opportunities and an action plan for development.
One-on-One Coaching by Industry Expert
Each company will receive industry specific one-on-one coaching with Paul Fitzpatrick, Program Manager who has 20+ years of entrepreneurial experience in healthcare services, life sciences and medical devices. Paul will work with each company throughout the program to facilitate action plan execution.
Tailored Mentoring Through MCE’s Maine Mentor Network
MCE’s Maine Mentor Network (MMN) is made up of over 200 seasoned entrepreneurs and business professionals from a range of industries (including bioscience & life sciences) with a variety of business experiences. Participants are matched with industry specific MMN mentors, as needed, to help them to achieve their goals.
Industry Intensive Workshop
Member companies participate in a 3 – 4 multi-day, highly collaborative, hands-on workshop focused on the needs of biotech companies and entrepreneurs.
Learning sessions are delivered by industry experts from Maine and beyond, giving participants the opportunity to listen and engage with successful entrepreneurs as they discuss vital business topics, and then apply what they’ve learned to their own businesses.
Program Topics will be selected based on the needs of participating companies and may include:
- Business & revenue models
- Branding and marketing for science-based companies
- Attracting & retaining life sciences professional talent
- Product postioning and go-to market strategies
- Data acquisition (bench, pre-clinical, clinical)
- Regulatory clearance and compliance
- Reimbursement pathways
- Quality management systems (QMS)
- Stage-gate product development, production, manufacturing & supply chain
- Capital formation
- De-risking your business
- Forging life science industry strategic alliances and partnerships
Peer Networking & Connections
Participants share and discuss their unique perspectives with peers facing similar challenges and issues, with a goal of brainstorming better ways to address and overcome the obstacles they face.
Life Science Showcase Event
In an effort to provide participants with visibility to the bioscience business community and continue to make connections that are critical to growth, participants will have a chance to showcase their products and business to an audience of potential investors, business leaders, and journalists for the Life Sciences Showcase Event.