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an initiative

We are the startup accelerator of Biominas Brasil.

Our motto is to be a part in the evolution of new businesses in which we truly believe in the life sciences sector. We invest all our energy [experience + knowledge + networking] in startups that already have a defined business model in order to enable them to quickly execute it through the formation of strategic links with large companies, investors and other stakeholders.

Human Health

Digital Health

Environment

Agribusiness

Industrial Biotechnology

We have seen in recent decades targeted efforts to the formation of large life sciences companies in Brazil in order to replicate and incorporate innovations that already existed in other countries. Today, we are approaching a second wave, whose main characteristic is the transformation of the sector through the emergence of startups from new technologies and new market opportunities.

GroWbio is an active and driving part of this new wave and its purpose is to accelerate the development of startups able to propose high-impact solutions and be part of a business portfolio valued at one billion reais.

Who is it for

We operate in the startup business development, so GroWbio is ideal for startups in growth stage, which already have products/services, customers and a defined and validated business model, validated or close to the validation.

Program

STARTUP SELECTION

Startups can apply continuously and our assessment takes place in two stages:

1ª. Form analysis
2ª. Interview

DNA STARTUP

In a collaborative way, we run a diagnosis to discover the DNA of each selected startup. As a result, we draw a plan of action and the startup receives support to review the critical points in their business model.

GO-TO-FUND

According to their DNA and their needs, the startup is supported in seeking investments and raising funds. It includes support in connecting to investors, and going along with in strategic meetings. We are connected to several investment funds through our Investor´s Circle.

GO-TO-MARKET

The startup is supported to scale up, put its products/services in the market and has the networking and the seal of Biominas to form strategic partnerships with large companies and other stakeholders to co development, technology transfer and / or commercialization.

Connections

With investors, partners, people, large companies and key institutions.

Legal and Regulatory

Expert support to overcome regulatory issues, one of the main bottlenecks of startups in the life sciences sector.

Customer Development

Review and improvement of the comercial model.

Valuation and financial model

Support to valuate the business, make revenue stream exercises and detailed cost structure.

Mentorship

Access to our board of mentors.

Fundraising

Suportt in the execution of the strategy for fundraising and investment.

Marketing

Support and monitoring to explore markets, gaining traction and scale.

Internationalization

Access to international networks of contacts and interaction with external markets.

Building biostartups involves dealing with situations that we know well. So we created a methodology and a metrics system in order to generate connections and achieve the best execution possible.

What we do

Connections

With investors, partners, people, large companies and key institutions.

Legal and Regulatory

Expert support to overcome regulatory issues, one of the main bottlenecks of startups in the life sciences sector.

Customer Development

Review and improvement of the comercial model.

Valuation and financial model

Support to valuate the business, make revenue stream exercises and detailed cost structure.

Mentorship

Access to our board of mentors.

Fundraising

Suportt in the execution of the strategy for fundraising and investment.

Marketing

Support and monitoring to explore markets, gaining traction and scale.

Internationalization

Access to international networks of contacts and interaction with external markets.

Are you ready?

Apply here

Cases

FAQ

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What is GroWbio?

GroWbio is the startup accelerator of Biominas Brasil. It is also the first startup accelerator for life sciences in Brazil. It specializes in the implementation of business development of new companies in the areas of human health, digital health, environment, agribusiness and industrial biotechnology meaning only startups that are growing and already have their defined and validated business model.

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How it works?

In exchange for equity participation, we offer full support for entrepreneurs to run their business model as well as possible and accelerate the evolution of their startups. To do so, we created a methodology that uses as advantages all of the knowledge, background, learnings and networking accumulated by Biominas Brasil in nearly three decades of work promoting high-impact businesses in the life sciences sector. Our motto is to act with owner-attitude, participating of the startup day-to-day routine, sharing their risks and putting all of our energy in favor of success. That is why just business which potential Biominas really believe are selected.

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Does GroWbio invest in the accelerated startups?

In a sector that is complex by nature, money can be important, but is not all. Biominas Brasil does not invest money in startups, but is connected to various funds and networks of angel investors that can do it, if the startup needs. The investment performed by Biominas is in its background, its network and services offered during the acceleration process.

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What does GroWbio asks in return?

When entering GroWbio, the startup and Biominas Brasil enter an agreement enabling Biominas to acquire an option to purchase the business. Typically between 8% and 15%.

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Who can participate?

The GroWbio acceleration program is ideal for startups that have solutions in the areas of human health, digital health, environment, agribusiness and industrial biotechnology, that:
• already have a formed team;
• is already a formal company (desirable, but not mandatory);
• has passed the phase of definition and validation of its business mode;
• have products in or through the pilot phase or services in commercial traction stage.

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My startup is not in the ideal stage to enter GroWbio, what should I do?

Not to worry, be sure to contact us. Biominas Brasil maintains BioStartup Lab, a pre-acceleration program that drives entrepreneurial teams to turn their ideas and projects in startups with business models defined and validated. To learn more about BioStartup Lab click here. If your startup is in a more advanced stage, visit the Biominas Brasil website, we have a full portfolio of services and opportunities for all stages of a business in the life sciences industry, click here.

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It is only for Brazilian entrepreneurs?

We believe that good ideas and good projects do not have nationality. Teams from anywhere in the world can apply.

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How long does it last?

Unlike other programs, our acceleration program has a compatible term with the development of a new startup life sciences: 12-24 months depending on the startup profile.

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Where does it happen?

The acceleration is based on regular monitoring and mentoring meetings, that can happen in person, at the offices of Biominas Brasil, located in Belo Horizonte or remotely via Skype.

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Do the members of the startups need to participate in person?

We do not require members to participate in person. However, in due time, group activities will be scheduled and organized, such as training, workshops and events in which is important the presence of at least one startup member to acquire knowledge on specific topics to conduct business and to generate networking with other startups being accelerated or potential partners.

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Does GroWbio offers a work space (coworking)?

Yes! Accelerated startups may use the coworking space BioStartup Lab located in Belo Horizonte in the business incubator HABITAT building, both also managed by Biominas Brasil. Thus, they will have the opportunity to interact daily with different generations of entrepreneurs.

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And what if in the process my startup needs (expanding its) space or facilities for the production?

If this really happens, we believe it is a good sign because it shows that we are on the right track and your startup is taking off. We will carefully evaluate and help implement the best strategy to address this demand. We will study whether it is appropriate to seek a partner company who is interested in sharing the production area, to active our contacts in technology parks and business incubators or recommend that your startup participate in the selection process of the HABITAT Business Incubator, which is also under the management of Biominas Brasil.

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Do teams receive any subsistence allowance to participate?

We operate without charging fees or transfer costs for accelerated startups. However, we do not cover personal expenses, housing, food and transportation of participants, because we do not offer grants. We know that this is not the case with your team, but there are many people participating in initiatives like ours with the only interest to receive aid grants.

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I liked it! I want to be a part in it! How can my startup apply?

At any time of year you can apply your startup through a very simple form available here, without bureaucracy or paperwork.

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How do you treat the intellectual property issue during the selection process?

Do not worry. From the moment you fill out the form, we will treat all information deemed sensitive with confidentiality. The intellectual property of your idea/technology/project is yours!

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How does the selection proccess work?

The form completed and submitted = enrollment in the first stage of the selection process. It will be reviewed by our team and we hope to go to the second and final phase, a conversation with the team members (in person or distance) of the startup. But if, unfortunately, that does not happen we will send you an email with our feedback. The criteria analyzed are: Problem, Solution, Market, Commercial Model, Revenue, Differential and Competitors, Expectations, Staff potential, availability and Model Logic.

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What happens when the acceleration ends?

We hope your business has been successful, that partnerships have been formed and/or the necessary funds have been raised. That is, important steps in the evolution of startup are through. We will continue accompanying and supporting the business as we continue to be part of it.

About biominas

Fostering impact businesses in life sciences: that is Biominas Brasil specialty.

An institution with national and international operations, that has in its core business solutions focused on entrepreneurship and innovation, supporting the development of projects during all its stages: from its ideation to its expansion.
We have more than 25 years of project management experience in the life sciences sector, which guarantee Biominas Brasil all the know-how to provide valuation and accelerate the development of enterprises in the sector.

Team

EDUARDO EMRICH
Biominas Brasil President & CEO

President & CEO since 2003. Has over 25 years of experience in identifying and analyzing opportunities as well as in structuring and managing businesses and projects aimed at promoting the Life Sciences sector.

RODRIGO REAL
Director

With a background in Business Administration, he has more than 25 years of experience in auditing, corporate finance and consulting services.

CARLOS THIAGO
Accounting Coordinator

Has more than 12 years of experience in innovative technology-based companies with venture capital investments.

LAURA LUNARDI
GroWbio Accelerating Agent

Has experience in mapping, identifying and analyzing technologies, products and companies in Brazil and abroad, as well as expertise in regulatory affairs and intellectual property.

Contacts