BioVentures, The Venture Center open applications for health care accelerator
by October 23, 2024 9:10 pm 101 views
BioVentures LLC., in partnership with The Venture Center, is accepting applications for the 2025 Arkansas Collaborative for Technological and Innovative Venture Equality (ACTIVE).
In its second year, this initiative aims to enhance health outcomes throughout Arkansas, creating a supportive environment for the growth of innovative ideas and entrepreneurs.
ACTIVE is dedicated to supporting socially and economically disadvantaged individuals (SEDI) with innovative, early-stage health care and health technology ventures. This commitment to SEDI addresses underrepresentation and unrealized potential in the health sector. By focusing on SEDI entrepreneurs, ACTIVE promotes equitable innovation in the health care industry, driving economic growth, introducing diverse health tech solutions, and improving health outcomes.
Interested entrepreneurs are invited to apply at bioventures.tech/active before Friday, Nov. 22.
“We are excited to begin this second year of working with inspiring entrepreneurs from across Arkansas who have historically faced barriers and limited access to capital,” said Stefanie Kennon-McGill, Ph.D., senior program manager at BioVentures. “Improving the health of all Arkansans starts by supporting entrepreneurial ideas that come from a more representative range of the individuals that make up our great state.”
The ACTIVE program positions Arkansas as a key hub for health care innovation, supporting early-stage companies with the potential to influence markets both locally and globally. Funded by the Minority Business Development Agency’s Capital Readiness Program, the initiative also partners with the University of Arkansas at Pine Bluff and Philander Smith University to enhance its reach and impact.
This year-long program accepts 25 participants annually, providing concentrated and personalized support. Participants gain access to a range of services, including:
● Entrepreneurship bootcamps to develop essential business skills.
● Assistance with business setup to build a strong foundation.
● Guidance on funding options, including loans and grants.
● Networking opportunities with venture capitalists.
● Personalized mentorship for tailored advice.
● Legal support in health care compliance and intellectual property.
“The Venture Center is thrilled to continue offering a skills training bootcamp for this initiative,” said Daniel Schutte, VP of strategic partnerships at The Venture Center. “Our aim remains to equip emerging health care innovators with the essential tools and knowledge to scale their businesses and drive lasting change in the industry.”