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Call for Innovation Challenge Applicants

17 Jul

Life Science Nation invites all eligible early stage life science companies to apply to Innovation Challenge to showcase their technologies.

Companies from all categories of life science are encouraged to apply to Innovation Challenge for RESI Healthtech Week. Eligible companies can apply to Day 1, the First Coast Innovator’s Gathering, Day 2 RESI Global Partnering or both. Applicants will have the opportunity for excellent visibility among investors and strategic partners.

LSN is now accepting applications! The deadline is July 27, 2018.

For the first time this fall, Life Science Nation will have two days of Innovation Challenge competition as part of the RESI Healthtech Week (September 5-7, 2018). The Innovation Challenge offers selected companies the chance to gain more visibility from the early-stage investors in attendance.

Day 2 Redefining Early Stage Investments

All early-stage life science companies are eligible to apply. Finalists will be highlighted in multiple outlets:

  • Your country and technology highlighted at the conference
  • All conference attendees will have the chance to “invest” RESI Cash in their favorite technologies
  • LSN Newsletter Announcement to a readership of 20,000+
  • Featured on RESI Conference website Featured in the printed and online program guide
  • Winners will be announced during the cocktail reception
  • It is FREE to apply, click here.

Day 1, First Coast Innovation Challenge

All early-stage life science companies from DC through Boston are eligible to apply. Applicants will be highlighted in multiple outlets:

  • 10 finalists will be selected to pitch to a panel of investors
  • Applicants present a poster of their technology
  • All featured in the printed and online program guide
  • Attendees have access to partnering platform
  • Attendees have access to early-stage investor panels
  • Attendance on Day 1 for companies is $300, click here.

9 Hamilton Place, Suite 2B, Boston, MA 02108 +1 617-600-0668 | resi@lifesciencenation.com

Use RESI Innovation Challenge As Part of Your Global Marketing Plan

25 Jun

By Dennis Ford, Founder & CEO, Life Science Nation; Creator of RESI Conference Series

Market Your Life Science Startup to Investors

life science nation marketing

A fundraising campaign starts with presenting yourself and your technology to potential channel partners and investors who are a fit for your product and stage of development. As part of the Redefining Early Stage Investments (RESI) Conference, attendees can apply to the RESI Innovation Challenge which, if you are selected to participate, can greatly increase exposure for your company before, during and after the day of the conference. The partners and investors who frequent RESI know that the companies selected, routinely showcase compelling technology. Attending RESI and participating in the RESI Innovation Challenge are only one part of fundraising for CEOs and scientist-entrepreneurs. Here is Life Science Nation’s step-by-step process for a successful fundraising campaign and how and why RESI plays an important role.

 

Step 1: You need a list of investors and contacts

To raise capital, an early-stage CEO needs to create a Global Target List of potential investors. There are around 400-500 relevant global early-stage investors on a typical Global Target List, spanning 10 categories of investors in early-stage Biotech, Medtech, Diagnostics, and Digital Health. This list should be sourced from a curated platform to ensure the most up-to-date information. With a vetted list of qualified investors who are a fit, the fundraising executive can be more efficient in their outreach. This will lead to a higher response rate from your phone and email campaigns and thus result in a higher number of meetings booked to initiate dialogue with your partnering targets.

Step 2: Hire the right people

A fundraising campaign is something your company can execute internally with the right staff: phoning and emailing investors, setting up meetings, and organizing the campaign follow-up takes an enthusiastic personality. While many CEOs might be tempted to look for an outside service provider to manage the fundraising campaign, my recommendation is to do it internally. Personal outreach and clear messaging are equally important when reaching out to potential investors. At the end of the day, fundraising is a numbers game and having the right staff canvassing your Global Target List and initiating dialogue causes relationships to take root. However, initiating the conversation is never enough – the follow-ups, second and third meetings are when you’re generating real interest. This requires dedicated effort to ensure proper follow-through.

Step 3: Join opportunities to network

Face-to-face meetings are best for promoting relationships – that’s why we’ve created the RESI Conference. If you come to our next RESI, you may find 20-30% of your targeted investment firms are attending to find the earliest and hottest innovators within the healthcare industry. We offer one-on-one partnering all day for all global attendees at our Partnering Forum. By taking full advantage of our Partnering Platform, you have the opportunity to schedule one-on-one meetings with up to 16 of these investors, supplemented by ad hoc meetings, especially if you are a participant in the RESI Innovation Challenge.

 

the life science executive's fundraising manifesto by dennis ford

Want to learn more about fundraising?

If you read my free book The Life Science Executive’s Fundraising Manifesto, you will see that I am a big proponent of getting a complete Global Target List and then working the whole list. Establish a dialogue, go to RESI or other events and meet them–you must network. Follow up regularly by emailing all the targets with news on your company and how it is reaching milestones and getting compelling data: investor updates are key to your success and their vested interest in your company.

If you market to this list in an adroit and cogent way you will get on the investors’ radar screen. It’s a numbers game, and when you market to your Global Target List consistently you never know who will surface and what opportunities may arise. If you are just sending out material to investors who are attending an event, why not send out to all who are a potential fit for you? It only takes one interested investor to move a deal along.

It’s hard for fundraising CEOs to avoid cutting corners to save a few thousand dollars on campaign costs, but this can lead to a lot of missed opportunities. Putting your company out there as much as possible by investing in a high-quality marketing package and web presence, hiring staff who can conduct a campaign, and traveling to major investment events will maximize your odds of getting funded.

In addition, being selected as a participant in the RESI innovation Challenge has a compelling track record of helping companies get funded. The deadline to sign up for the RESI Innovation Challenge is soon! Click here to sign up.

Additional resources LSN has created for fundraising CEOs:

[Article] When Raising Capital, CEOs Should Understand the LSN Value Proposition

[Video] “The 10 Myths of Fundraising” Presentation at Freemind Group’s Non-Dilutive Funding Summit

[Article] Life Science Nation Ecosystem – A Matching Platform for Buyers and Sellers

[Book Chapter] LSN Summer Reading Series Chapter 9: “Global Target List—Match Your Firm with Investors That Are a Fit”

[Article] 10 Steps to a Life Science Fundraising Campaign

RESI Healthtech Week Announces the First Coast Innovation Challenge on September 5th, And the RESI Global Innovation Challenge on September 6th

21 Jun

By Samuel Rubin, Business Development Manager, LSN

For the first time this fall, Life Science Nation (LSN) will have two days of competition as part of the RESI Healthtech Week (September 5-7, 2018). Day 1 will feature the First Coast Innovation Challenge, where the top 10 ranked companies of the First Coast tech hubs will present their technology as a 10-minute pitch to a panel of early-stage investors. Day 2 features the traditional RESI Innovation Challenge, where the top 30 companies who apply are chosen to showcase a poster on the RESI Global Partnering Conference Exhibit Hall.

LSN is proud to now include presentation opportunities for top technologies from the First Coast that have recently moved out of the lab and are ready to target grant, angel, and seed funding. The First Coast Innovation Challenge on Day 1 complements the RESI Global Innovation Challenge on Day 2, offering greater investor exposure to companies from the earliest stage to more established startups that are looking globally and seeking funding from institutional investors.

Applying for the Innovation Challenge at RESI Healthtech Week Will Boost Your Exposure with Investors

Those selected to be Innovation Challenge finalists will have the potential to dramatically increase the number of meaningful investor relationships they build. The objective of most early-stage companies and tech hubs attending RESI Healthtech Week is to have one-on-one meetings with investors who are a fit for them. The Innovation Challenge expands on the RESI Partnering Forum, providing an avenue to directly showcase to the whole investor audience, in addition to booking formal one-on-one meeting opportunities. Investors attending RESI Healthtech Week know that Innovation Challenge finalists are selected based on credentials for success and will be inclined to engage with these companies.

First Coast Innovation Challenge VS RESI Global Innovation Challenge

All registered attendees who qualify for Day 1 – First Coast Innovation Challenge are also eligible to apply for Day 2 – RESI Global Innovation Challenge. You must be a Qualifying First Coast Day 1 registrant to apply for the First Coast Innovation Challenge.

Qualifying Day 1 First Coast Innovation Challenge participants are the constituents of northeast corridor incubators, accelerators, tech transfer offices, university translation initiatives, hospitals, and research labs. Day 2 is open to all global attendees – scientist-entrepreneurs, fundraising CEOs, and the First Coast.

Selected finalists on Day 1 will pitch to global investors, while the selected Day 2 finalists will showcase their poster in the exhibit hall and will be eligible for the prizes awarded to the top Day 2 participants.

Innovation Challenge Application Open Now!

The online application for the Innovation Challenge officially opens today! We welcome applications both for Day 1 – First Coast Innovation Challenge, and Day 2 – RESI Global Innovation Challenge. The application deadline is Friday July 27, 2018 for both competitions.

If you are accepted as a finalist, we will notify you by Thursday August 9th, and you will have until Thursday August 16th to confirm your participation and register for RESI Healthtech Week.

The LSN Review Team and the 300+ investors attending RESI Healthtech Week look forward to learning more about your unique technologies!

 

 

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