Industry Venture capital Website www.indiebio.co Parent organization SOSV | Products Investments Founded 2014 Headquarters Cork, San Francisco | |
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Key people Bill Liao
Arvind Gupta
Cathal Garvey
Ryan Bethencourt
Ron Shigeta | ||
IndieBio is the world's first startup accelerator for synthetic biology. It holds three-month programs for startups in Cork and San Francisco on a yearly basis. It is backed by the venture capital fund SOSV.
In exchange for equity, participating teams can profit from early seed funding to build a minimal viable product in a lab environment. The 3 month lab access, the possibility to profit from the mentorship program and the access to the network of the SOSV venture capital fund are valued as an additional non cash component. IndieBio startup teams are required to move to San Francisco or Cork for the duration of the program, where they work closely the mentors and IndieBio partners to get them ready for a first investment round.
Shortly after the laboratory phase of the program, the first public business model and product demonstration is conducted in front of a selected audience and published via live stream. However, potential investors are brought into the labs throughout the development phase.