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| Industry | Venture capital |
|---|---|
| Founded | 2014 |
| Headquarters | San Francisco, California |
Key people | Arvind Gupta |
| Products | Investments |
| Website | www.indiebio.co |
IndieBio is a leading startup accelerator for life sciences. IndieBio provides $250k in seed funding and a 4-month design driven program to build groundbreaking biotech companies. It was founded in September 2014 by Arvind Gupta, [1] [2] and is backed by the venture capital fund SOSV. [3]
In exchange for equity, participating teams can profit from early seed funding to build a minimal viable product in a lab environment. The 4 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 for the duration of the program, where they work closely the mentors and IndieBio partners to get them ready for a first investment round. [4]
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. [5] [6]
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. [7]
Khan Lab School is an independent school in Mountain View, California, associated with Khan Academy. It is a laboratory school founded by educator Sal Khan.
Biotechnology is the broad area of biology involving living systems and organisms to develop or make products, or "any technological application that uses biological systems, living organisms, or derivatives thereof, to make or modify products or processes for specific use". Depending on the tools and applications, it often overlaps with the (related) fields of molecular biology, bio-engineering, biomedical engineering, biomanufacturing, molecular engineering, etc.
