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Accelerating Startup Partnership and Investment Readiness (ASPIRE) - Medtech Cohort

Opportunity for USA startups to participate in an entrepreneurial training program to prepare for investment fundraising. During the seven-week program, medical technology startups will participate in a range of activities to prepare for company-building and fundraising necessary for launch and realized impact. The current cohort is aimed at startups focusing on engineering and science innovations that create positive impact on patient outcomes and lower the cost of quality healthcare through the innovation’s application or design. Companies should be preparing to raise seed or Series A rounds within the coming year.
ASPIRE is an intensive program that prepares startups for the investments and partnerships necessary to launch their venture. Mentors-in-residence work one-on-one with startups to simulate due diligence conversations and integrate feedback into deal room materials in real-time.Engaged Mentorship: Startups will work with high-caliber mentors throughout the program that have experience investing or partnering with startups.Clear Milestones and Ask: Startups will leave with a clear articulation of their investment needs, including the investment ask and planned milestones for the round.Due Diligence Deal Room: Spend time creating and refining deal room materials to use during the fundraising process. Invest time and energy into work product for a deal room, not a demo day pitch.Stress Tests: VentureWell pushes boundaries with real-world stress tests – actual startup disaster scenariosNetwork Building: Learn from peers and share experiences with a cohort of like-minded entrepreneurs who are facing similar challenges.Why ASPIRE?Spend one-on-one time with investors:Learn from a group of investor-mentors who have funded startups during the virtualized program.Vet fundraising strategies:Refine deal room materials and take part in a mock board meeting to prepare for fundraising and investor conversations.Stress-test the startup:Work through real-world disaster scenarios with the team to discover how to best prepare for the unexpected.Collaborate and network:Connect with fellow founders and leverage the VentureWell investor network after the program ends.

Sub Title
Opportunity for USA Startups to Participate in an Entrepreneurial Training Program to Prepare for Investment Fundraising
Funding Source

VentureWell

Deadline
08/23/21 11:59 PM ET
Eligibility Criteria

See RFP and/or Grant Guidelines for full eligibility

Term of Contract

Program Dates: October 4 – November 19

Number of Grants
VentureWell will select 10-15 medtech startups.