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We cannot sit still and wait for death. We must act extremely quickly.
Today, SOSV announced that we are providing millions of dollars in additional immediate funding to life sciences entrepreneurs working on novel solutions to the COVID-19 pandemic (IndieBio will fund up to eight over the next six weeks COVID-19 startups).
We have teams and staff in place who are working tirelessly to help. Scientists, doctors, entrepreneurs, investors. What’s more, we’ve supported hundreds of deep tech startups over the past eight years who are turning their sights on COVID-19.
We are helping them meet their challenges with necessary emergency funding. We may invest approximately $10 million in response to COVID-19 in the coming months, and investors in our syndicate may invest an additional $50 million.
Startups are already battling the virus.
A dozen startups in our portfolio are literally on the front lines of the COVID-19 response, working on diagnostics, treatments, prevention and disinfection technologies, test automation, and some just improving the daily lives of those trapped at home. Here’s a quick look at some of them:
Through our accelerator programs – HAX, IndieBio, Chinaccelerator, MOX, Food-X and dlab – we support passionate entrepreneurs who want to make the world a better place. We are deeply grateful for their efforts, their ingenuity, and the dedication in their hearts to solve some of the world's most difficult and pressing problems.
If you or someone you know needs funding for a life sciences startup providing COVID-19 solutions, apply by April 10 at indiebio.co/indiebio-covid-response.
Through IndieBio, we support entrepreneurs who want to use biological technologies to solve humanity's biggest and most pressing problems. Now, let's keep working together to find solutions.
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