Frequently Asked Questions
WHAT IS REBELBIO?
We’re a startup accelerator focused on building global biotechnology businesses that change the world. RebelBio is part of SOSV-The Accelerator VC.
- We recruit life sciences innovators, biomarkers and bio-entrepreneurs from all over the world at early stages of their venture. This might include a promising iGEM project, a new idea of a seasoned founder, a PhD student or Post-Doc who wants to follow their entrepreneurial dream.
- We provide a 3 months lab accelerator with labspace with our academic partner (University College Cork (UCC), cash funding, a program value of $100’000 and assistance to raise the next round. This includes tailored and extensive scientific and technical mentorship for these critical proof-of-concept stages and beyond the program.
- We offer an additional 4 weeks pre-accelerator before this dedicated to assisting science founders on being entrepreneurs, leading a team, determining milestones,, prepping your labwork, scaling their company, IP help, fundraising and much more.
HOW MUCH FUNDING DO REBELBIO COMPANIES RECEIVE?
$100,000 IN EQUITY INVESTMENT
You will receive investment of $100,000 for just 8% equity in your biotech startup and you will have a world leading VC on your cap table to assist in getting follow on investment, . This investment comprises of $50,000 in cash, which can be spent on the company as you see fit and $50,000 in programme costs which will cover all the awesome resources provided by RebelBio over the course of the programme. These resources include BSL-2 Facility, access to world class mentorship and the potential access to follow on investment via RebelBio exposure and events.
There is also potential to receive an additional $25,000 post accelerator funding in the form of a convertible loan note, to match certain third party financing.
You also get to access great perks such as access to RebelBio partners’ services to set up a company, have all your legal and IP questions answered, co-working spaces and much more. You’ll get early exposure to vetted investors and invaluable opportunities to make lasting business connections, receive mentorship and pitch training to take you further faster.
Of course, we’ll also throw you an amazing Demo Day! This is your big day when you can show off your fantastic successes during the accelerator and pitch to angel investors and venture capitalists at the end of the program.
WHAT SORTS OF COMPANIES DO YOU FUND?
We fund startups that set out to create a better future with biology as a technology. This means, we’re interested in commercially viable biotechnology that solves a problem, as apposed to pure research. This could be a digital health app, consumer biotechnology, bio-energy, food, novel medicines, diagnostic tools or cellular factories, hardware and bioinformatics – anything cool you can make with biology!
I DON’T HAVE A COMPANY, JUST AN IDEA OR MAYBE A PROTOTYPE. CAN I APPLY?
Very much so. All you need to apply is an idea and a good team, but demonstrating your efforts since you had this idea helps. We’ll assist you with all the rest.
DO I HAVE TO BE THERE FOR THE ENTIRE 4 MONTH PERIOD?
Yes. We require that you be primarily based Cork during the program to benefit from the programme. You’ll be able to take advantage of the numerous learning opportunities, networking, coaching and of course, make the most of the precious time in the lab – the clock is always ticking in startup world! RebelBio is a major commitment for us and for you – be prepared for a wild and life-changing ride!
DO I HAVE TO STAY IN CORK WHEN THE PROGRAM ENDS AFTER 3 MONTHS?
No. While we work with the city to offer extensive benefits to our startups to incorporate here, it’s your company – the world is your oyster.
I DON’T WANT TO PATENT MY IDEA, DO YOU FUND OPEN SOURCE PROJECTS?
Yes, it’s your company. How open or restrictive you want to be with your intellectual property is up to you.
WHAT SORT OF CONTROL AM I GIVING UP BY GRANTING EQUITY TO REBELBIO?
We don’t want any special or controlling interests in your company, you remain in charge. We won’t ask for a board seat or any uncommon investor rights. You will run the show and we expect nothing less of our founders.
I’M A SINGLE FOUNDER. CAN I APPLY BY MYSELF, OR DO YOU ONLY ACCEPT TEAMS?
Yes, you may apply. While we consider every applications carefully, a single founder could make things more difficult though. We look for great, balanced teams of at least two, who have a full range of essential skills (be it a ‘hacker-hustler’ combo or otherwise, it’s up to you). We may therefore advise you to update us on this part after your application.
Building a company, especially in sciences, is a complex and massive undertaking that requires more than one set of hands, eyes and brains in the longer run. We strongly advise you to seek at least one co-founder or team member to balance your skill-set and share the experience – diversity of thought and personalities make for successful teams.
WHERE WILL WE LIVE WHILE WE’RE THERE?
That’s up to you! We don’t provide accommodation, however, we would certainly assist you in finding a place.
WILL WE HAVE ACCESS TO A LAB?
Of course! We provide 3 months of wet lab access for you to crank out those milestones!
WHERE ARE YOU LOCATED?
We are located in Cork, Ireland, the emerging ‘Carbon Valley’ and innovation hub. SOSV is a global firm, who runs accelerators across the world and across industries in Shenzhen, New York, San Francisco and more.