NIA Startup Challenge Finalists Shine in New Course

6 Oct

By Candice He, Vice President of Business Development, Global Investment Strategist, LSN

Last month, Life Science Nation (LSN) was honored to collaborate with The National Institute on Aging to provide our newest entrepreneurial course to the 20 finalists of the Healthy Aging Start-Up Challenge. The course consists of two pre-course digital sessions and two in-person days leading up to RESI Boston, which helped prepare the participants for global partnering initiatives.

The program started with two 2-hour pre-course virtual sessions, aiming to introduce the timeline, required tools, and materials of a fundraising campaign, as well as the fundamental knowledge of different types of investors and strategies for successful partnering.

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The 2-Day Entrepreneurial Immersion Course, hosted at the Boston Marriott Copley Place, was delivered by LSN faculty and invited industry experts. The cohort received step-by-step instructions on managing global investor target lists and fundraising campaigns, and had interactive exercises on practicing tagline and elevator pitches with their mentors face-to-face, which motivated the innovators to polish their pitch with prompt guidance.

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A Shark Tank exercise concluded the course with each finalist delivering their pitch presentations to an investor panel of five, each with rich experience in the early-stage life science arena. Both NIA team and the entire faculty was highly impressed by how much the messaging had improved since the first day. Benefitting from the real-time feedback, many finalists considered the Shark Tank a vital rehearsal exercise before heading to RESI for investor meetings.

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Feedback from the cohort of the NIA startup challenge:

“This was an amazing course. We had the opportunity to revise our tagline and elevator pitch with the feedback of our colleagues. We learned about various important topics related to launching a company. The mentors provided the support and guidance that we needed to keep improving and bring our innovation to life.” 

“The RESI Conference was great for me. I casually met very impressive people in the digital health field, in the legal field, and in the venture capital field. I presented in the digital health group. The partnering platform was good to use to lead folks towards my startup as a bridge to a greeting. The platform itself also was structural in my approach to meet potential investors as a warm introduction. The platform was mentally structural in helping arrange my future fundraise.” 

Transitioning from the world of academia to business is never easy, but the process can be efficient with directions from experts on what to expect and how to proceed. LSN continues building bridges between scientists and CEOs by offering more Entrepreneurial Courses to incubators, accelerators, and non-profit organizations worldwide. Contact us to learn more!

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