Frequently Asked Questions
Apply here – Our application process is simple and painless!
Winter Programme (London): December 1st, 2017
Summer Programme (Cork): March 1st, 2018
Companies at the early stage are an ideal candidate for our Programme. We aim to invest in any relevant startup that hasn’t already raised a seed or Series A round from a VC.
Money is a only a small part of what we do at RebelBio. You can check out what our founders have to say here.
Not for us. We make investment decisions based on our application form and interviews.
No, we won’t sign an NDA as we have an ongoing fidelity agreement with any prospective applicants or company in our portfolio which means we don’t talk about your company or idea with anyone but you. No venture firm would sign an NDA at this stage.
Yes. We’ll help you build a solid proof of concept to take to later stage investors.
We invest in Life Sciences startups. That includes: Medical Devices & Diagnostics, Computational, Biology, Therapeutics, Consumer Biology, Industrial Biology, Future Food and Agriculture, Neurotech and Regenerative Medicine.
Our advice is that one-person startups are tough and you’re more likely to succeed with a co-founder or team of like minded hustlers, hackers and plucky entrepreneurs. Our accelerator is a crucible and both the CEO & scientific team will be put through their paces for the duration of the Programme. We look for great, balanced teams who have a full range of skills. We strongly advise you to seek co-founders who balance your skill-set.
We’ll consider funding you, but the likelihood of selection is better if you have a technical cofounder already on your team. It’s much better if you find one yourself through your network than if we introduce you to someone. Teams thrown together for the purpose of starting a startup usually fall apart under stress pretty quickly. You need some kind of personal connection in order to flourish.
We wrote about some here and what are the best strategies to get funded by us here.
Here are some thoughts from an international RebelBio founder, of which there are many. You could get some perspective from someone who has experienced life as a rebel.
Teams have to move out of our lab and co-working space, but continue to be part of the RebelBio community and receive support. We help teams find lab space after the Programme through our network and introductions.
We work to make RebelBio the premier global life sciences network and are always connecting our teams with potential investors, mentors, affiliates, corporate partners, press, and more.
Yes. We require that you be primarily based in either our London or Cork during the Programme. This gives you the opportunities to take full advantage of the numerous acceleration opportunities, networking events all over the world and coaching. RebelBio is a major commitment, and we expect you to be present for the length of the crucible.
The curriculum varies from 4-6 hours a week with panels of mentors and talks about tech, pitch training, product production, business models, intellectual property, sales, product design. There are also assignments and milestones so that the companies can focus on their individual development.
Will we have access to a lab?
Yes. We have a wet lab in our facilities to specifically build your technology and your product. While the rent and access to the equipment is free, you will have to pay for your disposable plastics, reagents, cell lines and other consumables, which is deducted from your investment.
We have a standard deal – we’ll invest $100k in return for 8.33% of the company’s equity. Our deal is a $50k cash and $50k in Programme value invested through an Accelerator Contract for Equity (“ACE”) at a US$1.2 million valuation cap. There is the potential for an optional US$150,000 Convertible Loan Note available to a select number of “superstar” companies that successfully complete the Programme, at the discretion of the General Partner.
We don’t want any special or controlling interests in your company. We don’t ask for a board seat or for any uncommon investor rights. Our goal is to create founder driven companies that are autonomous and able to confidently make decisions for themselves, but not afraid to ask for support when they need it.
When you refer someone to an investor, you’re also recommending them, and you can’t recommend people you don’t know unfortunately. If we introduce a founder to someone and they don’t have the common courtesy to reply within a few days that makes us look very bad.
If you’re looking for investors, cold emailing investors will not get you any net benefits and trust us, only introductions will get you results.
Sure. Its great you have generated some investor traction already!
We are based in Imperial College London White City Incubator (From January to early April) & University College Cork (From late April to July). Two exciting cities brimming with culture & history and a fun nightlife. Both contain highly reputable universities with strong research institutes in the life sciences.
No, as long as you can get here for at least three months. We’ve funded many startups founded by non-Irish/UK founders of course.
We have a good relationship with the Department of Justice in Ireland meaning visa applications may be expedited provided you comply with the requirements from the visa office. Getting a visa for the 3 months of RebelBio should not be a major issue and extensions are also permitted through the relevant immigration bureau. You do have to be legally in the UK or Ireland during the Programme, of course. Once accepted, we can help with legal/immigration issues.
We don’t provide accommodation. However, we will connect you with other teams in the cohort and generally help in pointing you to viable options such as the local Imperial College London or University College Cork accommodation services.
RebelBio best reflects our mandate to explore and invest in rebellious life science applications that will benefit society.
We’re super busy, but you can take a look at this awesome video to learn more!