Q2 2020 Life Science Accelerators Insights

As a vital element of the life science ecosystem, accelerators and incubators support scientific ventures through programs designed to help them develop their initial products, identify lucrative customer segments, and get access to critical resources, such as capital and employees. They also offer early-stage innovative companies a wealth of networking opportunities, consisting of both peers, mentors, industry leaders and investors.

CipherBio tracks data about the activity of major accelerators and incubators active in the life science ecosystem to produce meaningful insights to the benefit of all industry members. In March 2020 they released their first article covering life science accelerators and incubators and have since worked with 8 of the top 11 accelerators to provide the most up-to-date funding details for Q2 2020.

Congrats to MedTech Innovator for making this list! With 238 companies, MedTech Innovator is the third-placed accelerator as per the company count. This nonprofit accelerator specializes in Medical Devices, with 180 companies coming from this vertical, while 33 of them are from Digital Health/AI, 18 from Biotech and 6 from Diagnostics. It uniquely has operated a virtual accelerator program for the past 5 years. The accelerator prides itself on 54 medical products successfully launched by its graduates and 1.7B of follow-on funding raised.

You can read the Q2 2020 Insights here.