Unicorn Lab

Dear Biohacking Congress Community,

Upon mutual consent of the founders, this project has been closed. The founders have decided to part ways and you can find their new projects as follows:

Biohackers World | Conference and Expo is a global community uniting wellness, longevity, and health tech experts. Join us for a transformative experience at the Biohackers World – your gateway to redefining health and wellness. Discover cutting-edge strategies for a vibrant life.
https://www.biohackers.world/

Julia Smila - FDN-P, Founder of .miami . Through Ultimate Wellness programs, retreats, and conferences, Julia inspires the conscious community to pursue a holistic approach to health and wellness, emphasizing the spirit-emotional-mind-body connection.
https://www.ultimatewellness.miami/

Thank you for being with us these 3 years!
We wish you a healthy and prosperous life!

Unicorn Lab Team

🙌🏼We are happy to become a partner of M7 Healthcare Accelerator, a three-month program aiming to provide acceleration, funding, and other key resources to early-stage companies.
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👉🏼Go to M7 Website and APPLY HERE before May 20, 2022: m7-accelerator.com/
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⭐️M7's mission is to link the outstanding global healthcare start-ups with investors, mentors, and corporate partners, and together to build a resource-rich healthcare innovation ecosystem. They are focusing on the early-stage Biotech, MedTech, and Device startups and have designed a 3-month acceleration program to fund and mentor young leaders in creating the solutions for a sustainable and accessible healthcare future.
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✏️3-Month Acceleration
✏️Mentorship & workshop
✏️Funding Opportunities
✏️Networking & Events
✏️International Growth
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🎯Need a boost with your healthcare startup? Let M7 be your support - Matter, money, mind, magnify, medicine, mentoring, master!
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Apply now to learn and get connected with our 100+ industrial leading experts, pitch to top , and scale your !
⠀
👉🏼Go to M7 Website and APPLY HERE before May 20, 2022: m7-accelerator.com/
⠀

Here’s your Fundraising Action Plan:

✔ Identify the key milestones of your startup development
Startup milestones are specific events. They usually mark the most important points in a startup’s history.

✔ Estimate your financial needs relatively to key milestones
An investor may not necessarily know the exact amount your business will need to grow to the next key milestone.

✔ Decide on the right time to start fundraising
The process of looking for investors until a deal is reached and funds are transferred to your account may take quite a long time.

✔ Define your preferred conditions
Not all investors and investment conditions are as good as each other. Be sure to know what you are looking for.

✔ Maximize your startup valuation
The amount of funding investors are willing to provide will depend not only on your progress to date, but also on how much equity they will get for their investment.

✔ Create a list of at least 30 targeted investors
A good practice is to make a list of at least 30 investors to whom your pitch should be highly interesting.

✔ Become visible and regularly update your online presence
Try to become more visible on larger and smaller online platforms for startups like Angel List, F6S, Startup Valley, InnMind, etc.

✔ Reach out your target investors regularly
Having created a list of 30 target investors and ranked them according to your preference, start to focus on the top 5 angel investors or VCs you’d love to work with.

✔ Pitching to investors

Credit: submariner-network.eu

“Ideas are easy. Implementation is hard.” - Guy Kawasaki, Co-Founder of AllTop.

Do you agree?

Fundraising process is always challenging. Unlike most ordinary startups, funding for BioTech startups takes more money.

Here are some of the challenges you may face in the fundraising process:

📍 Specifics of BioTech Startups
A new platform, proof of concept and prototyping costs are extremely high in BioTech. Even basic R&D needs access to labs, industrial gear, chemical components, and other resources. In addition, highly experienced and trained team members come at a premium price. In general, startup capital accounts for a significant portion of total investment.

📍 Determine who will be in charge of fundraising
A vital initial step is to choose a co-founder who will be in charge of fundraising and investor meetings. Being a strong storyteller will make a pitch memorable and trigger discussions, so one co-founder should be nominated to present.

📍 The fundraising mindset
A successful fundraising mindset is one that is willing to venture beyond one's comfort zone. In this case, quantity is just as essential as quality.

📍 Each investment proposal is unique
Giving away too much stock and influence over decision-making too soon may cause prospective investors to question your ability to grow the company successfully.