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canadian entrepreneurs in life science

Valley Ready Program


Overview

CELS Valley Ready (VR) program is designed to immerse new Canadian Life Science companies into Silicon Valley start-up ecosystem so that they may become more effective in achieving their local business objectives.  The program applies CELS experience and best practices from successful Bay Area accelerator programs. The comprehensive program involves several stages including home based and Silicon Valley area activities for a thorough immersion experience. Participants will build their knowledge from the content, workshops and mentor sessions. As well, form effective relationships that are important to navigate the Bay Area start-up ecosystem.

Activities will focus around: 

  • Mentorship: 1 on 1 coaching with accomplished mentors matched to participants needs  
  • Workshops: message refinement, pitch development & presentation, path to commercialization, growth and scaling, legal, regulatory
  • Meetings: panel discussions and networking with investors, strategic/corporate partners and future customers

    PROGRAM OBJECTIVES

    1. Work with startups to perfect their presentation and positioning

    2. Mentor startups to become “Valley Ready” (meet investor and customer expectations)

    3. Improve and develop startups visibility in Silicon Valley

    4. Opportunities to develop key relationships (advisors, clinical institutions and strategic partners)

    5. Build your Silicon Valley “Rolodex”


    PROGRAM STAGES

    STAGE 1

    STAGE 2

    STAGE 3

    STAGE 4

    Pre-Trip Preparation

    Silicon Valley Trip #1 

    Silicon Valley Trip #2

    Post Trip Review

    2 weeks before SV Trip


    4-6 weeks post Trip #1

    3 and 6 months post Trip #2

    Orientation session: 

    • Understand participants and their goals 

    • Submission of desired contacts


    Initial mentor session (remote)

    Day 1

    • 1:1 mentor sessions

    • Pitch workshop (feedback)

     Day 2

    • Workshops (ie: financing, commercialization) 

     Day 3

    • Speaker & panel discussions 

    • Live pitch event  

    • Networking reception


    Day 1

    • Workshops (ie: legal, scaling)

    • Pitch practice 

    Day 2

    • Speaker & panel discussion

    • Live pitch event

    • Networking reception

     

    Ongoing: 1:1 mentor sessions and business development meetings

    Virtual

    • Performance review: milestones and  metrics




    PROGRAM PARTICIPATION

    (All prices are quoted in US Dollars)

    Enrollment:  Participants must complete an application form and receive a nomination with their submission. All startups being considered will be interviewed by the CELS selection committee.  This is to ensure a high quality cohort class for a rich and dynamic experience.

    Program Fee / Company: $2,000 

    Included

    Not Included

    • Up to 2 members of the participating startup

    • All programming, associated materials and catering during scheduled events (Trips #1 and #2) 


    • Each additional team member participation in SV Trip #1 and #2:  $250 USD

    • Travel and accommodation are not included and are the participants sole responsibility

    • No guarantees of funding or engagement with any financial parties


    CELS Contacts


    Program Committee:

      • Joanne Fedeyko, CELS Director, Finance
      • Hatim Chraibi, CELS Director, Marketing
      • Seena Vajed, Program Manager
      • Richard Ayllon, CELS, Director

    Contact:  info@cels-sfo.com

    PAST PERFORMANCE

    40+ …

    # of direct connections  

    50+ …

    # of Silicon Valley mentors 

    60+...

    # of applications

    50+…

    # investors, angel groups, strategics, executives and influencers

    12 …

    # of companies selected 



    “We are closing our seed round in December 2019 that includes a prominent Silicon Valley investor!  ...your event last year connected me to Dion, who became an Advisor, who then made an intro to our Silicon Valley investor!” 

    -2019 Canadian Program Participant




    © 2017 Canadian Entrepreneurs in Life Science. All Rights Reserved.