Collaboration expands entry to accelerator packages, capital networks and trade networks for all times science and medtech corporations statewide
SAN DIEGO & NEWPORT BEACH, Calif.–(BUSINESS WIRE)–#lifescience–Biocom, the most important life science membership affiliation, representing corporations throughout California and main life science markets, and Octane, a number one accelerator and innovation platform for know-how and medtech corporations, at this time introduced a strategic partnership to increase entry to capital, accelerator packages and trade networks for all times science and medtech corporations throughout California and key life science ecosystems.
Through this partnership, Biocom will lengthen the attain of its world life science membership community into Orange County whereas connecting Octane’s innovation community to life science leaders throughout California, nationally and internationally. Octane will increase entry to its accelerator packages, investor networks and development platform extra broadly to corporations throughout the Biocom group, giving rising and growth-stage corporations a single, coordinated path to sources, capital and markets.
“Biocom and Octane each bring unique strengths to the life science and medtech innovation ecosystems,” stated Tim Scott, president and CEO of Biocom. “By bringing together Octane’s accelerator and investor networks with Biocom’s life science community, we are creating new pathways for entrepreneurs to access capital, partnerships and growth opportunities.”
“Octane and Biocom share a common mission: to help innovative companies start, grow and scale,” stated Bill Carpou, CEO of Octane. “Octane’s track record of guiding companies from concept to commercialization, combined with Biocom’s industry influence and connectivity, will accelerate the development and deployment of new life science and medtech technologies.”
Expanding Opportunities for Life Science and Medtech Companies
As a part of the partnership, Biocom and Octane will collaborate to increase entry to development sources, trade occasions and funding alternatives for corporations throughout the life science and medtech sectors. Companies taking part in Octane’s LaunchPad accelerator will obtain one yr of complimentary Biocom membership, offering entry to coverage and advocacy, workforce growth initiatives, cost-saving Biocom Group Purchasing packages and the Biocom Health Benefits Trust.
Biocom members will achieve better publicity to Octane’s innovation group, via its trade conferences, capital packages and investor community, with most popular pricing for Octane occasions and alternatives to have interaction with its community of entrepreneurs, traders and company companions. Octane will work carefully with Biocom to establish high-potential life science and medtech corporations throughout the Biocom membership and assist put together them for fundraising, strategic partnerships and development.
The organizations may even work collectively to promote trade packages, assist rising corporations and strengthen connections throughout California and different main innovation hubs, together with San Diego, Orange County, Greater Los Angeles, the Bay Area, Boston and Washington state, making a extra linked and environment friendly pipeline from innovation to commercialization.
Strengthening California’s Innovation Ecosystem
Biocom represents greater than 1,700 member corporations and organizations throughout the life science trade, whereas Octane’s portfolio corporations have collectively raised greater than $12.1 billion in capital since 2010. Together, the organizations convey a robust mixture of market entry, advocacy, accelerator experience and investor networks to corporations at each stage of development.
By leveraging their mixed networks and experience, the organizations intention to velocity the event and commercialization of breakthrough applied sciences whereas serving to corporations overcome boundaries to capital, expertise and market adoption. Biocom and Octane will stay impartial organizations working underneath their respective manufacturers and management whereas collaborating on packages, membership engagement and strategic initiatives that reinforce California’s management in life science and know-how innovation.
About Biocom
Biocom is the most important life science membership affiliation, representing corporations throughout California and main life science markets worldwide. Founded in 1995, Biocom works to drive innovation and trade competitiveness throughout the life science ecosystem. Our group consists of biotechnology, pharmaceutical, medical gadget, genomics and diagnostics corporations at each stage, in addition to analysis establishments, traders, service suppliers and rising know-how innovators.
Biocom works on behalf of its members to construct significant connections and ship useful insights via Conferences & Events, increase entry to Funding & Partnering alternatives, present Group Purchasing options that drive effectivity and financial savings, champion Policy & Advocacy that protects and advances innovation, and strengthen expertise pipelines via Workforce Development.
Biocom maintains workplaces in San Diego, Los Angeles, and the San Francisco Bay Area, with satellite tv for pc workplaces in Sacramento, Washington, D.C., and Tokyo, and a rising presence in Seattle, bridging regional ecosystems and world markets to strengthen development.
About Octane
Octane is a Southern California-based accelerator and innovation group headquartered in Newport Beach that helps know-how and medtech corporations begin, develop, and scale. Through its LaunchPad accelerator, capital packages and trade boards, Octane connects entrepreneurs with traders, company companions and strategic sources to speed up firm development and drive profitable commercialization outcomes. Octane acts as a platform that brings collectively entrepreneurs, traders, firms, universities, and healthcare methods to assist startups scale quicker.
Contacts
Media Contact:
Lauren Panetta
Biocom
(619) 822-2956
Email: [email protected]