Designed to help promising life science startups prove their business model and develop a compelling commercialization strategy, the acclaimed FAST program draws on a high-level team of advisors to provide experience, contacts and counsel to the selected participants.
Since launching in Fall 2013, FAST program cycles have generated over 6200 advisory hours valued at over $1,400,000 for the 56 companies who have been through the program. Since participating in FAST, these companies have raised $650 million and created 258 new jobs, more than tripling their workforce. Fifteen of these companies have secured Series A investments, 9 have concluded strategic partnerships and 5 have successfully exited.
The FAST Advisory Program provides select entrepreneurs with intensive team review and coaching to perfect their business model, product development plans, and to build a compelling commercialization strategy. Experienced entrepreneurs, product and business experts (which may include clinical development, regulatory, reimbursement and business development specialists) will advise selected Fellows during a ten-to-twelve week program, culminating in a Final FAST Showcase to a broad audience that includes potential investors and partners.