Welcome to The BOLT Initiative! Singapore Biodesign is proud to partner Fogarty Innovation to bring you the most unique and immersive experience for a Singapore Startup and/or Project Team that is targeting the US Health & MedTech Market with their innovations!
Fogarty Innovation is a renowned health & medtech incubator based in Silicon Valley that is led by a committed staff of seasoned executives who bring 250+ years of cumulative leadership experience from over 60 companies. In total, these companies have returned over $5 billion to investors through both public markets and private transactions. The team at Fogarty Innovation are committed to giving back to the community.
Aligned with their belief that innovation is a discipline that can be taught and honed, FI is parterning SB to offer up the inaugural programme in SG to bring the Biodesign teaching into practice.
The Bolt Initiative is designed to bring world-class mentoring to elevate and accelerate local teams looking to enter the US Health and medtech market. Selected teams will receive exclusive access to a suite of experienced mentors and advisors from the well-established Fogarty Innovation team across 3 phases of the programme, culminating in a 3-week visit to the Fogarty Innovation campus in Silicon Valley, US.
Application closed on Friday, 19 November 2021 at 5:00 p.m.
The programme begins on 15th and 16th December 2021 with a Founders Forum (2 half days), where the top 8 teams will be introduced to the SB and Fogarty leadership.
Phase 1 of monthly mentoring calls will proceed for 5 months. At the end of phase 1, 3 teams will be selected to continue to phase 2, which will include 3 months of fortnightly mentoring sessions with the Fogarty team. At the end of phase 2, the top team will be sent for 3 weeks of in-market mentoring at Fogarty’s campus in the US (likely to be in September 2022).
The top team can expect to receive access to domain experts and key opinion leaders from the Fogarty network. SB will cover the cost of round trip flight tickets and accommodations for up to 2 pax from the winning team (terms and conditions apply).
After the team’s return from the US, Fogarty will be available to meet virtually with the team fortnightly for a further 6 months to provide mentorship as the team pursues execution of its milestones.
Teams do not need to provide any fees or equity to participate in the programme.
- Health and medtech startups and projects are welcome to apply.
- Applicant must be a Singapore Biodesign Alumni (Fellowship / Workshop / Innovation Class) in an active leadership role in the team.
- Target market should be in the US.
- Teams should be committed to the programme.
Applications are open from 1st November to 19th November 1700H SGT. Please prepare the following information for your application:
- Details of applicant: Name, Contact Details, Startup/Project Name, Role in the team, SB Alumni relationship (Name of workshop/fellowship/class and year)
- Corporate or Pitch Video (Dropbox/Google Drive/Youtube link)
- Pitch deck (Maximum of 10 slides in PDF format)
- CVs of team members
Teams will be selected based on the quality of their idea (meaningful unmet clinical need), team composition, viability of their business model and overall suitability for the programme. Successful teams will hear back by 6th December 2021.
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