ASPIRE

ASPIRE Testimonials

SESSION DATES:

September 23-27, 2019

APPLY BY:

LOCATION:

Detroit, Michigan

August 12go.venturewell.org/aspire0919

Are you a medtech startup getting ready to raise a seed round? Apply now to participate in VentureWell ASPIRE, a workshop designed to thoroughly ready your startup for investment.

Our mentors are investors. Spend one-on-one time learning from a group of investor-mentors-in-residence who have funded startups like yours. See past investor mentors HERE: go.venturewell.org/ASPIREmentors

Stress-test your startup. Work through real-world disaster scenarios with your team to discover how to best prepare for the unexpected.

Vet your fundraising strategy.Refine your deal room materials and take part in a mock board meeting—startups rate this workshop activity as one of the week’s most valuable activities.

We stick with you. Our staff will support you after the workshop through remote coaching and deal room feedback. Leverage the VentureWell investor network after the program ends.

PROGRAM BENEFITS

LEARN MOREVisit go.venturewell.org/aspire0919 to learn more about program criteria and to apply.

ASPIRE BY THE NUMBERS

We’ve gone through other entrepreneurial training programs…and nothing has compared to VentureWell’s. It’s so practical, so well organized. The mentors they bring in are phenomenal. The context, the tools we get out of it – it’s just incredible.”

“I left ASPIRE with a clear understanding of the areas that need to change in my business and identified specific steps to course-correct with the help and advice of several mentors.”

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86 startups have participated in ASPIRE since 2015.

$40M.These teams have raised

87% of these startups are still in business.

RequirementsVentureWell will select 10-15 medtech startups for the cohort in lifesciences, medical device, and diagnostics.

Startups should be preparing to raise seed or Series A rounds within the coming year.

Email ddangelo@venturewell.org

Committed Startups ONLY! Do you qualify?

ASPIRE

August 12, 2019

Intellectual property Provisional patent(s) filed and assignedto the company or a clear pathway tothe license.

Team identified & startup formed First-time founders with management team and key roles identified—no solo founders. Incorporated as a legal entity by the beginning of the program.

Technology validated Initial prototype developed, pre-clinicaltrials or animal studies underway. Innovation must be physical/device-based; no software-only products.

Early market validationValidated customer segments and initialevidence of product market fit. Customer discovery underway.

Positive impact on patient outcomesClearly articulated assessment of how your technology will have a positive impact on patient outcomes and lower the cost of quality healthcare.

Actively fundraising Company has raised at least $25K(grants or equity) and is preparing for anequity investment round within 12 months.

Management team including CEO or founders (max 2) should commit to the full workshop (starts Mon 5pm, ends Fri 1 pm). The startup must be your full-time focus.

Commitment

01 02 03 04Cover Email Brief Executive Summary Technical Summary Your Investor Pitch Deck

How to Apply to the ProgramVisit go.venturewell.org/aspire0919 for detailed application

instructions and a list of required documents.

Application deadline:

Program Cost

We are able to keep fees low thanks to the generous support from our funders. There is a $250 registration fee for each participant (transportation & accommoda-tion not included).