NEWS: New Accelerator for Emerging Life Science Co’s
OCTANe has taken another step to create a coalition of investment firms, incubators and accelerators to unify the entire SoCal innovation ecosystem, with OC at the epicenter.
The Aliso Viejo organization, with a life sciences and technology accelerator, announced that it’s creating a joint accelerator program with the California Life Sciences Association, a statewide public policy and business organization, with HQ in San Diego.
The Life Sciences Growth Accelerator Program will be a dual membership program designed to address the specific growth challenges of emerging life sciences companies.
In today’s competitive environment, emerging life sciences companies face “unique” challenges – the need to attract key talent, make connections with funding and industry experts, and conserve capital while working to bring innovative products and treatments to market, according to a release issued by OCTANe.
“We will expand our existing network to build a broader coalition of like-minded organizations that want to elevate innovation throughout all of Southern California,” said Bill Carpou, CEO of OCTANe, in the release.
Companies that take advantage of OCTANEe’s Growth Accelerator program will receive dual membership benefits such as:
- Access to more than 100 thought-provoking programs, round-tables and networking events throughout California, available free or at a deep discount
- Up to 80% savings on lab equipment, employee benefits, cybersecurity, and other key business resources through CLSA’s Power Purchasing program
- Legislative round-tables, advocacy working groups, and other small-company opportunities to impact policy initiatives
- Up to 35% savings on local, regional, and national conferences and seminars
- Incubation and acceleration programs specifically designed to support early-stage companies
- Portal access to advisor/investor services, business tools and industry intelligence
- Early access to the CLSA Life Sciences Industry and CLSIWorkforce Trends Reports
“We are excited to partner with CLSA to help companies leverage the network, resources and comprehensive support services of both organizations to grow and scale their business in Southern California,” Cara Davidoff, manager of strategic initiatives at OCTANe, said in the release.
This follows the strategic partnership OCTANe developed with VC firm Miramar Digital Ventures, with HQ in Newport Beach, earlier this year. Miramar is raising a $100 million fund that will be directly accessible to companies participating in OCTANe’s Launchpad accelerator and its Growth Services program. Read more about that here.