BaseLaunch, Switzerland’s new accelerator for healthcare startups, provides handpicked ventures with access to the Basel region’s life sciences ecosystem. BaseLaunch has been initiated and is operated by BaselArea.swiss, supported by Novartis Venture Fund, Johnson & Johnson Innovation, Pfizer, and partners with digitalswitzerland’s Kickstart Accelerator.
BaselArea.swiss, the office for promoting innovation and inward investment for the northwest cantons of Basel-Stadt, Basel-Landschaft and Jura, today announced the launch of Switzerland’s new healthcare startup accelerator BaseLaunch. Harnessing the Basel region’s unique position as a global life sciences hub, as well as its rising popularity among investors and a program tailored to healthcare entrepreneurs, BaseLaunch is looking to attract the next generation of breakthrough companies.
“A healthy and well-endorsed startup scene is necessary to bolster and further expand the elite position of Switzerland’s exceptional life sciences economy,” stated Domenico Scala, President of BaselArea.swiss. “Switzerland has much catching-up to do in this regard and BaseLaunch is a strategic initiative to fill this gap.” “The expertise of BaselArea.swiss in connecting innovators and supporting entrepreneurs enables BaseLaunch to be extremely focused on the unmet needs of healthcare startups while at the same time contributing to the excellent Swiss innovation landscape, particularly in the life sciences arena,” added Dr. Christof Klöpper, CEO of BaselArea.swiss. As the designated healthcare vertical of digitalswitzerland’s Kickstart Accelerator and a partner of established public and private bodies, BaseLaunch is closely aligned with key national and regional initiatives. BaseLaunch has already garnered support from global biopharmaceutical companies and innovation champions Novartis Venture Fund, Johnson & Johnson Innovation and Pfizer. These healthcare partners are engaging with BaseLaunch to find and support transformational innovations that solve unmet medical needs. “BaseLaunch aims to support the best healthcare innovators and offers them fast access to founder-friendly venture grants, insights, industry access and state-of-the-art infrastructure. We want to enable and individually guide them to become fully embedded into the life sciences value chain,” explained Alethia de Léon, Managing Director of BaseLaunch.
The program consists of two phases, which extend over a total of 15 months. During the first phase, lasting three months, entrepreneurs work closely with the BaseLaunch Team as well as a network of entrepreneurs-in-residence, advisors and consultants to further develop their business cases. Financial support through BaseLaunch can be as high as CHF 10,000 per project. Up to three startups accepted for the second phase will receive the opportunity to secure a one-year grant of up to CHF 250,000 to generate data and reach business plan milestones in the labs at the Switzerland Innovation Park Basel Area.
BaseLaunch accepts applications for the inaugural acceleration program cycle until June 30, 2017. Additional program cycles will start in late 2018 and 2019. A Selection Committee of industry experts will handpick the ventures invited for each program cycle.
Comments from BaseLaunch healthcare partners
Richard Mason, Head of the Johnson & Johnson London Innovation Centre:
“This program offers grants and lab space to selected startups - with no strings attached - illustrating that what we want to create here is an optimal environment for startups that focuses on supporting transformative science and great ideas in Switzerland.”
Dr. Anja König, Managing Director, Novartis Venture Fund:
“We are pleased to help energize the Basel region’s center of gravity for European healthcare ventures, offering startups the support they need to accelerate their ideas.”
Uwe Schoenbeck, Chief Scientific Officer, External Research and Development Innovation & Senior Vice President, Worldwide Research and Development, Pfizer:
“Through Pfizer’s support of BaseLaunch, we hope to advance the pace at which promising science is translated into potential medicines.”