Dedicated team experienced in the detail and nuance of start-up management.
Succeeding in the biotechnology industry requires more than innovative technology and sufficient financial resources. Accelerator provides its portfolio companies with the management expertise they need to:
- understand the markets for their products;
- map out product development programs;
- efficiently execute upon those development plans;
- develop viable business plans;
- plan and coordinate follow-on financings;
- recruit seasoned senior management at the appropriate time in the company’s lifecycle
This input enables the portfolio companies to operate on the level of a more mature and experienced company at the earliest stages of their development, reducing future execution risk and avoiding wasteful start-up company errors. Accelerator Companies access management, operational and business development expertise through Accelerator’s staff as well as a team of pre-qualified consultants – in fact, Accelerator Companies do not have business employees themselves until they are ready to emerge from Accelerator. This enables portfolio companies to have the knowledge base of a large company without the expense of a dedicated full time management and staff.
Accelerator also provides administrative support, including purchasing, human resources and accounting. This “turn-key” approach to managing day-to-day operations enables portfolio companies to go into the lab and focus on technology development, and eliminates the need for administrative personnel.