Four early-stage start-ups are taking their very first steps towards the market as they have been accepted in BII’s Business Acceleration Academy. Throughout the three months program, they will explore the commercial potential of their research with the help from subject matter experts, mentors and the BII program team.
The four teams are:
Octarine Bio: Octarine Bio is a yeast engineering company that aims to develop novel compounds for pharmaceuticals as well as nutraceuticals.
TresActio: TresActio improves biotechnology research and development by speeding up strain screening and optimization through a novel high-throughput fermentation control system.
Recombiotics: Recombiotics makes biology easier by creating laboratory automation for the biotech industry.
PrOxi Biotech: PrOxi Biotech develops toxoid-based vaccines against lethal and multi-resistant bacteria.
”The teams have been chosen based on their commercial potential and their ability to navigate the obstacles of early start-up development.”, says scientific advisor, Hervør Lykke Olsen, who is leading the application process at BII.
Attractive case to investors
The teams will spend three months full time at BioInnovation Institute to cover topics such as business model, IP strategy, go-to-market plan, potential partnerships and to develop the entrepreneurial skills that are necessary to create a commercial success.
“The companies will receive guidance, direct feedback and mentorship by experts and industry partners through the BII network. We want the startup teams to accelerate to a point where they have a clear strategy for attracting interest from an investor.”, explains Hervør Lykke Olsen.
“One of the start-ups we worked with in the BAA program in the fall of 2018 is InProTher. Today, they are funded with DKK 10M in the BII Creation House program because they have great science, had developed a solid, initial business plan and put together a strong team. With the Business Acceleration Academy, we hope to help many more start-ups develop an attractive business case.”, says Hervør Lykke Olsen.
The BAA program consists of both classroom modules and workshops to apply the newly acquired commercial knowledge to the specific start-up cases and everything is kicked off with an off-site three days boot camp that begins on March 3, 2019.
Do you want to join the next BAA program in September 2019? Deadline for applying for the next program run is March 19, 2019.
More news from BII
Two companies accepted in the Creation House program
Meet the start-ups: STipe Therapeutics