entrepreneurship@UBC’s Life Science program supports transformational life science and human health ventures, preparing them for investment and growth.
In a cohort structure, you and your team undertake a 3-Phased, stage-gated program. Each phase ends with a presentation and selection process.
Phase 1: Why YOU?
Each cohort starts with a series of four workshops where you learn and apply the fundamentals of business model hypothesis creation and customer discovery, in preparation for the intensive next phase.
Phase 2: Market Validation & Product-Market Fit
In this phase you will attend four-hour morning sessions weekly for five weeks, and perform many customer discovery interviews in the days between sessions. The facilitators and experienced industry mentors will guide you as you focus on validating, invalidating or pivoting your hypotheses as you search for product-market fit. Ventures that are successful in phase 2 may continue to the next phase.
Phase 3: Venture Builder Program - Business Model Validation
In Venture Builder you build out the key elements of your business model in preparation for company building. Successful ventures may apply for the HATCH Accelerator.
Ventures that successfully pass through all 3 phases of programming and mentoring compete for a coveted position in entrepreneurship@UBC’s flagship HATCH Accelerator program, where they work on company building, developing first product and early customers, and become investment-ready. Ventures “graduate” from the HATCH Accelerator once they have achieved significant commercial milestones relevant to each venture.
The program depends heavily on the generosity and expertise of deeply experienced volunteer industry mentors. During formal programming and one-on-one mentoring, teams are partnered with mentors who guide them through the business model discovery and validation process. In addition, entrepreneurship@UBC employs Entrepreneurs in Residence (EiRs) who are successful startup CEOs and executives, and who bring extensive sector-specific expertise and guidance to ventures.
entrepreneurship@UBC seeks scalable life science and human health ventures ready to commercialize paradigm-shifting innovation that will improve human health and wellness globally.
Preference is given to teams that have ALL of the following desirable characteristics:
The venture comprises a motivated team of at least two people who are receptive to coaching. Preference is given to teams with a diversity of knowledge and skill (eg. a business person and a technical person).
At least one of the team is a UBC student, faculty member or staff member, or a recent UBC alumnus (within 5 years of graduation).
A demonstrable level of proof-of-concept or a working prototype of the underlying innovation underpins the venture opportunity, ideally Technology Readiness Level (TRL) 5 or 6. Level 3 & 4 will be considered on a case-by-case basis. See TRL definition here. Teams with an idea (TRL level 1 or 2) may apply but will likely not be accepted into the program.
The team has significant time to commit to the program: teams are asked to agree upfront to a significant commitment of time and energy to pursuing the venture with e@UBC. This commitment is periodically reviewed during the program.
2019/2020 Key Dates
Incubator Application Due Date
4 weeks total: 4 workshops of 3 hours
each from 8:45am-12:00pm
September 20 - Session #1
September 27 - Session #2
October 4 - Session #3
October 11 - Session #4
October 25 - Final Presentation
5 weeks total: 5 weekly workshops of
4 hours each from 8:45am-1:00pm
November 1 - Session #1
November 8 - Session #2
November 15 - Session #3
November 22 - Session #4
November 29 - Session #5
December 6th - Final Presentation
January to March (to be confirmed)
entrepreneurship@UBC's HATCH Accelerator
Applications for the 2020/2021 year will open in June 2020
The fall cohort will include deep science and deep tech ventures from both Life Sciences and Core Technology programs.