Focus on researcher’s area of interest.
Startup Mindset.
Business Sense.
Find market need after proof of concept (POC).
Business advisors lack authority to drive startup teams to make sound business decisions.
Process inconsistency and the missing blend of creativity with business acumen waste time and money for both startups and funding sources.
BioConnect Iowa helps entrepreneurs tap into innovation programs, advance from inception to investment, and connect with the right people and programs at the right time.
THREE PHASED BUILDOUT
Build Out Startup Services & Pre-Studio Activities
Transition to Pure Play Studio
Self-Supporting Pure Play Studio
Phase 1 – Philanthropic Build
InnoVenture Iowa Services
July 2024 – December 2025
PHASE 1:
2024 - 2025
- Structure: Operate as part of BCI
- Philanthropic Contributions
- Goal: End of CY25 $932,000
Drivers for Support:
– Addressing the startup challenge
– Solid set of initial collaborations to generate credibility
– Credibility of existing BioConnect Iowa programs – Iowa G2M Accelerator, Advisory Services & InnoVenture Iowa Fund
Phase 2 – Angel Build
Transitionary Studio
January 2026 – December 2028
PHASE 2:
2026 - 2028
- Structure: TBD
- Angel Investors
- Goal: $8-10 million
Drivers for Support:
– Outcomes and credibility of
– Services team, program & playbook
– Building of VC syndicate
Phase 3 – VC / InvestorBuild
Pure Play Venture Studio
2028 >
PHASE 3:
2028 >
- Structure: TBD
- Angel Investors
- Goal: $10 million+
Drivers for Support:
– Outcomes of Phase II efforts
– High quality startups
– Successful development of the VC syndicate
InnoVenture Iowa Studio will translate groundbreaking basic research to applied research by focusing on customer, business, industry, and investor stakeholder needs.
By targeting specific market opportunities and challenges based on industry needs, traditional venture studios see a stronger return on investment than traditional venture capital investments.