The University of Arizona Center for Innovation (UACI) is pleased to announce the UACI Sponsored Launch Fueled by BIOSA competition. One biotech startup company will receive a sponsored year admission at the brand new UACI at Oro Valley biotech incubator. Included with entrance into the program and space at the new location, the startup will also be awarded a cash prize of $5,000. The total package value is $15,000.
“BIOSA is on a mission to support innovation, entrepreneurs, and startups in life sciences. This support is critical for scientific breakthroughs to make it to market, advancing viable solutions to world problems can be fast-tracked via critical startup support and facilitating connections to industry world leaders”
The University of Arizona Center for Innovation (UACI) has teamed up with BIOSA to sponsor one promising startup team with resources, facilities, services, and expert guidance to grow their businesses. The six-month program will also foster networking opportunities for its participants.
UACI seeks collaborations with other regional organizations such as BIOSA in alignment with its mission to serve as the business incubator that fuels Arizona’s economy through startup support.
The enhanced program will offer customized business support to ensure startups have successful launches through a structured business development program. The incubator helps entrepreneurs develop a business plan, identify target markets, refine the prototype, prepare a business pitch presentation, secure investment, and successfully launch into the market. UACI provides dedicated space for startups where they can work alongside other entrepreneurs in a fast-paced environment.
Application submissions open on September 17 and close on October 14. After a review and interview process, the winning teams will be announced on November 2. The team will then participate in the incubator for one full year. Applicants must meet certain qualifications that include a startup team focused on providing an innovative solution to a significant life science challenge, the pursuit of a scalable business model, a minimum two-person team with commitment to commercializing their innovation, a demonstrated need for incubation services and a desire to make a significant difference in the local and global community through innovation. Winning startup teams will be immersed in the UACI incubation program supported by BIOSA’s generous sponsorship contribution.
For more information and to apply visit https://techparks.arizona.edu/uaci-sponsored-launch-program-fueled-biosa
BIOSA has been committed to building an incubator specifically focused on bioscience for nearly a decade. With support from BIOSA and several others, a new incubator, UA Center for Innovation at Oro Valley, is opening this fall and will provide space and commercialization programs for nascent life science businesses to conduct research and product development. This incubator will offer world-class laboratories, shared equipment and a customized business development curriculum led by the UA Center for Innovation. This new facility will fill a gap in the entrepreneurial ecosystem directly related to supporting scientific research discoveries and translating them into marketable technologies. Educational programs will enable hands-on support during the critical early phase of product development and include direct interaction with experts who have experience in the successful progression of biomedical products. The life science incubator will be built near the Ventana Roche Tissue Diagnostics headquarters in Innovation Park as part of a larger effort to grow the bioindustry within the Town of Oro Valley.
As a region, Oro Valley has experienced a growing bioindustry and recently an increased interest in entrepreneurship around this field. This ecosystem is ripe with innovations as well as promising connections for startup ventures. The Town of Oro Valley has steadily grown its bioscience community with the Ventana Roche Tissue Diagnostics headquarters in Innovation Park.
About BIOSA
The Bioindustry Organization of Southern Arizona (BIOSA) is a non-profit trade group that supports the creation, operation, and expansion of life science enterprises, and the commercialization of higher-education and research institute-based technologies in Southern Arizona.
