IndieBio

IndieBio
Industry Venture capital
Founded Cork, Ireland
(2014, as Synbioxlt8r, LLC.)
Headquarters Cork, Ireland; San Francisco, California
Key people

Bill Liao
Arvind Gupta
Cathal Garvey
Ryan Bethencourt

Ron Shigeta
Products Investments
Website www.indiebio.co

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.[1] It is backed by the venture capital fund SOSV.[2]

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.[3]

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.[4] [5]

In 2017, IndieBio hosted ten students from Khan Lab School at their laboratories for two weeks. The Managing Director and Founder, Arvind Gupta, stated that IndieBio is looking to establish a long-term partnership with Khan Lab School and scale up the ability to teach cutting-edge biotechnology at high schools nationwide.[6]

References

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