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Elizabeth Iorns

09/14/17

@ Y Combinator

Biotech companies often use their time in Y Combinator to conduct critical path experiments and work with external companies for proof of concept studies, which can advance their regulatory filing status.

Video

Elizabeth Iorns on Biotech Companies in YC

@ Y Combinator

Elizabeth Iorns on Biotech Companies in YC

09/14/17

Related Takeaways

Elizabeth Iorns

09/14/17

@ Y Combinator

Biotech companies benefit from Y Combinator through access to capital, fundraising expertise, and interaction with diverse sectors, which can lead to unexpected advantages.

Elizabeth Iorns

09/14/17

@ Y Combinator

During the three-month Y Combinator program, biotech companies focus on refining their go-to-market strategy and understanding market requirements, which helps them secure necessary funding and capital.

Elizabeth Iorns

09/14/17

@ Y Combinator

There's a significant gap in funding for early-stage biotech discoveries, leading many companies to apply to Y Combinator when they have initial data suggesting a promising approach to curing diseases.

Elizabeth Iorns

09/14/17

@ Y Combinator

Many biotech companies have raised significantly more capital through Y Combinator than they would have in traditional biotech venture settings, with over $200 million raised for these companies.

Elizabeth Irans

02/24/15

@ Y Combinator

Biotech and medical device companies have shown success in the YC program, benefiting from focused milestones during the three-month period.

Elizabeth Iorns

09/14/17

@ Y Combinator

Y Combinator helps biotech companies develop strategies for licensing intellectual property, which is essential for their growth.

Elizabeth Iorns

09/14/17

@ Y Combinator

Programs like Y Combinator offer frameworks and confidence for entrepreneurs, clarifying the risks and opportunities in starting a biotech company.

Elizabeth Irans

02/24/15

@ Y Combinator

Y Combinator is playing a significant role in funding young entrepreneurs in the biotech space, allowing them to advance their discoveries.

Elizabeth Iorns

09/14/17

@ Y Combinator

Successful biotech funds often incubate ideas internally before spinning them out as independent companies, which has proven effective in the industry.