![]() We would characterize a good accelerator as an exercise in getting uncomfortable, but in a good way. While their motives might be largely wholesome, there is a danger here that such an organization is a siren on the rocks for young, often naive startups, lulling them into a sense that they are actually progressing and behaving like entrepreneurs when they are not. Perhaps in response to critics like myself, or more likely to competing biotech incubator spaces that have bloomed over the last decade, some incubators have started offering their own accelerator courses and sometimes mentorship to companies. The accelerator program offered at an incubator More to the point, most newly formed biotech companies can’t afford an incubator. Perhaps what is most surprising is that most don’t really cater for very early pre-funded startups, and they certainly haven’t embraced lean startup culture. ![]() If the incubator is good, it will provide some core lab facilities, although many don’t. They get the rent paid and in return they will make sure a company doesn’t have to worry about the gas (nitrogen or carbon dioxide in this case) being shut off. While bio-incubators don’t deserve to all be painted with the same brush, the bottom line for what constitutes success for a biotech incubator is occupancy. Lots of entrepreneurs don’t like business incubators for a whole set of reasons. However, by any standard the name bio-incubator is a misnomer. Obviously, that’s no bad thing if you need it and can afford it. We have a standard reply to this question at Rebel Bio, and it usually ends in a sigh: bio-incubators and bio-accelerators are just somewhere to put your lab. Bio-incubator versus bio-accelerator: same thing? For the purpose of this discussion, it’s best to ignore this use of the term. As a result, incubators in these regions typically comprise laboratory facilities for small early stage companies, while a bio-accelerator consists of the next stage up in terms of a facility to harbor often rapidly growing staff numbers. However, it’s easy to confuse an accelerator with an incubator: understandings of the terms can change completely in some European countries, ( Belgium and Holland, specifically), where the biotech industry has accepted the notion that incubation happens first. This three- to four-month bootcamp in which you are pushed to sharpen your business plan ultimately leads to a ‘demoday,’ often classed as a display of the progress that has been made. Much like any other business accelerator, a bio-accelerator is a biotech-focused program that should be designed to almost force early startups to generate real early momentum. The incubator and accelerator models are conflated all the time in biotech, much to the fury of anybody who truly understands the terms. Early stage biotech companies and scientists interested in commercialization need great accelerator programs, not more biotech incubators.īiotech companies and scientists who start out on the road to commercialization may need an accelerator to bring out the entrepreneurial spirit.
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