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InsiteXccelerator (IX) by InsiteHub is an NIH funded program to foster biomedical entrepreneurship in Delaware, Rhode Island, Maine, New Hampshire, and Vermont. The IX program has two tracks, Education and Pilot. Both tracks provide tailored education for biomedical entrepreneurship, and the Pilot track additionally includes mentorship and up to $50,000 in funding to accelerate biomedical innovations towards patient impact.

Pilot Track Application

Teams interested in the Pilot Track must submit a proposal targeted at de-risking the technology or product under development. The total grant for the Pilot Fall 2024 cohort is $50K. It is expected that by addressing a critical technical uncertainties though targeted experiments at this early stage, a venture team would proceed with greater confidence on their development pathway and be more successful in obtaining SBIR, STTR, or other funding. IX anticipates selecting 3-5 teams for the cohort.

Beyond the proposed research, teams are required to complete in the educational material provided by IX and meet with mentors to help apply the learnings to their specific venture.

Proposal Considerations:

  • Award amounts should not exceed $50,000 in total costs (including indirect costs, capped at 20%)

  • 3-5 pilots will be awarded

  • The project period should not exceed 6 months.

  • The proposed research must be towards specific tasks that derisk the technology towards a commercial application

  • Confidential information should not be included in the application

  • Awards up to $50,000 will be considered if well justified. Applicants should carefully determine the funds needed to achieve well defined translational milestones. As the amount requested by a proposal increases, project milestones are expected to be increasingly related to mitigating market risk, increasingly achievable, and increasingly likely to lead to a license or startup in the short term.

Criteria for selection:

  • Strength of value proposition

  • Clinical impact

  • Market potential

  • Strength of team

  • Research plan

  • Key deliverables to be achieved with the award grant

Timeline:

  • Submission deadline:
    September 27, 2024, 11:59 PM EDT

  • Award announcement:
    November 1, 2024

  • Project period:
    November 2024 to May 2025

Submit a proposal:

Questions?

Email us at info@insiteXccelerator.com

InsiteXccelerator will engage and support early stage biomedical innovators to bridge funding gaps, improve market understanding, and discover new technology development resources.