Five accelerators will join a unique innovation accelerator network that provides small and start-up biotechnology innovators with technical and entrepreneurial support they need to accelerate the development of products that could transform the nation’s approach to health security threats. The network was established by the Biomedical Advanced Research and Development Authority (BARDA), part of the HHS Office of the Assistant Secretary for Preparedness and Response, in 2018 with eight accelerators.
The new accelerators expand the existing network, providing geographic coverage into areas of the country previously under-represented in the network. The five recently selected accelerators are:
“In the first year, our accelerator network reached audiences outside of normal government channels, fostering innovative solutions to improve national health security and to provide business expertise and laboratory space for startups and small businesses,” said Rick Bright, Ph.D., deputy assistant secretary for preparedness and response and director of BARDA. “By expanding the network into new geographic locations, we will connect with even more companies and entrepreneurs to solve systemic health challenges. The network is helping to revolutionize the way we do business and catalyze innovation across the country.
To build a pipeline of products for BARDA’s Division of Research, Innovation and Ventures, these accelerators identify innovative products and solutions developed by entrepreneurs, innovators, start-ups, and academics around the United States to meet biodefense and other health security needs, and then provide these innovators with business and other services, such as regulatory support. Accelerators also introduce innovators to BARDA solicitations for funding consideration.
Currently, accelerators focus on sourcing products or solutions in three areas of interest to BARDA’s Division of Research, Innovation and Ventures:
The accelerator network began with eight accelerators located in regional hubs across the country where health security products and technologies in biotechnology, life science research, and medical innovations are heavily concentrated. These foundational accelerators are: