Bioventures gives students practical experience commercializing their ideas or existing IP. Local life science mentors coach each team to develop a business plan for our investor pitch day.
Teams of scientists, MBAs, MDs, and more begin with nascent intellectual property, conduct market diligence, identify a commercially viable product, and create a commercialization plan, culminating in a refined investor pitch. Each team will be mentored by experienced medical entrepreneurs. Bioventures gives students practical experience commercializing medical research by reducing complex medical concepts to clear value propositions.
Bioventures is for anyone who has had some exposure to entrepreneurship and is looking to explore whether starting a company is the right next step or something to pursue in the future.
The first three iterations of the course helped launched companies that are still active today. After completing Bioventures in Spring 2014, Luminostics participated in the prestigious Y combinator accelerator program in Summer 2016. In the Bioventures 2015 cohort, the winners, Nangiotex, incorporated their company and have participated in accelerator programs in Boston and New York. In the 2017 cohort, Pheramor formed in December 2016 at a Bioventures pre-session and closed a seed round in April 2017 after completing Bioventures. Resthetics, another 2017 team, has continued to be successful and pitch competitions and was accepted into TMCx Medical Device Cohort following maturation in BioVentures. Other participants of Bioventures are actively involved in the Houston community at companies and institutes including DNAtrix, Advanced Electrophoresis Systems, Cancer Moonshots, Fannin Innovation Studio, enventure, and others. Collectively, Bioventures teams have raised over $3 million.
Bioventures runs Thursday evengings January through March. Teams will be formed at pre-course activities in early December. Only teams formed in December will be eligible to participate in Bioventures. Team members may be added through the first week of class by agreement of the existing team.
November 30: Bioventures Info Session- hear more about the course and talk to alumni of the program to hear about their experiences
December 7: Bioventures Team Formation- pitch your idea, IP, or value as a teammate. The best ideas will be identified by mentors and teams will form around these ideas.
January 25: First day of the course: Hour 1 will be a guest lecture and hours 2-3 will be the first pitches as a team
January 25- March 29: Lectures + team pitching and feedback
March 29: Final Pitch Day for prize money, accelerator space, and more
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