Leonhardt’s Launchpads Utah will incubate/accelerator regenerative medtech startups for 5 years and then will seek an acquisition buyer or strategic partner. The firm has agreed to give special preference of first look rights and first and last right of refusal to Utah based acquirers to attempt to keep the job creation from these startups in Utah. In general we take our startups through an OUS pilot clinical trial of 20 to 100 patients and then we seek a strategic partner with a 3% royalty on net sales forward.
SciAccelerator, a unit of Leonhardt’s Launchpads Utah, is a 108 day startup launch accelerator focused on science and technology based startups, with a focus on life sciences, that works in collaboration with David Robinson’s venture partner organizations to mentor Utah based science startups for 108 days. See http://calxstars.com/business-accelerator/ for week by week startup launch program details (note – new web site coming soon). We take a 9% seed stage equity position in exchange for our startup launch mentorship services and hold a DEMO day for investors at the completion of the program. Interested startups may apply here – http://calxelerator.com/application/
Leonhardt’s Launchpads Utah is network connected to Leonhardt’s Launchpads NorCal, Cal-X Stars, CalXelerator, The California Stock Exchange TM, Cal-X Crowdfund Connect, Kindheart Lionheart Startup Media Support Services (specializing in animation and live action videos), LABioHub, Startup California, RedSky Life Science Incubator El Paso, University of Minnesota Entrepreneurship, U of Florida Center for Entrepreneurship and Innovation, Leonhardt’s Launchpads Athens, Georgia, Center for Technology Innovation in Pediatrics USC, UCLA BioEngineering, University of Northern California Science & Technology Innovation Center, Alfred Mann Foundation and the Cell Therapy Foundation.