1. Who can apply to MedLabs?
MedLabs accepts applicants in the healthcare industry (medtech, biotech, medical device and healthcare services).
2. What can you expect from MedLabs?
During the three-month program, MedLabs offers healthcare startups several key resources: the opportunity to receive a $100K investment provided by GHIF, access to capital, dedicated mentorship, workshop training, global business partnerships, a huge clinical network, private investor meeting, and workspace in Silicon Valley and Boston.
3. How are applicants selected?
Applicants are selected based on team dynamics, experience, and technology & product characteristics. Other factors include the business model, market strategy, potential market size, and total financial considerations. Applicants are evaluated through three screening rounds.
4. How much funding is offered?
Global Health Impact Fund (GHIF) will invest up to $100k to one selected company after the Demo Day.
5. Is there any kind of tuition cost for participating in MedLabs?
We don’t ask any cash, but we’ll ask for 2 percent equity for each company.
6. Are there any specific sectors you invest in?
As a healthcare-themed accelerator, we are open to applicants from most areas of healthcare. However, outside of the opportunity to receive a $100K investment from us, our goal is to help our alumnis raise money from venture capital or corporate partners after graduation.
7. What happens when the MedLabs program ends?
Alumni will become the member of MedLabs Innovation Ecosystem and will be invited to participate in ZGC and GHIN's healthcare events after graduating.
We will offer working space at a discounted price in ZGC’s Silicon Valley and Boston centers to startups that have graduated from the program.
At least five companies from Healthcare+ will be invited to join the Z-Trip, an annual 10 day free pitch trip to China, to help you develop your business in the world’s largest healthcare market. (The 2021 event may be delayed or cancelled due to COVID-19).
All companies will have access to ZGC Funds and MedLabs VC partners with higher investment probability.
Keep the access to the network of physicians and healthcare innovators through Global Health Innovation Network (GHIN).
8. Can startups participate without moving to the Bay Area?
Yes, but we highly recommend you to participate in the program on-site. This benefits you because you can take advantage of the numerous opportunities, including the private investor meeting and networking. If you cannot move to the Bay Area for the program, workshops and mentor guidance are available online, but you will miss other benefits.
9. Will MedLabs sign a nondisclosure agreement?
No, we do not sign nondisclosure agreements. No accelerator or venture firm would at this stage.
10. Where are you located?
Our location is at 4500 Great America Pkwy, Santa Clara, in the heart of Silicon Valley. Our Boston office is at 1000 Massachusett Ave, Cambridge.
12. Do you have a list of the VC attendees that were at the last demo day?
You will have a lot of opportunities to meet with investors during the cohort including the Demo Day. We don’t release a list of our investors, which is always changing. We make no promises, and success is a combination of our network and your hard work building your company.