LOUISVILLE, Ky .– (COMMERCIAL THREAD) – XLerateHealth (XLH) is pleased to announce that it has been shortlisted for the US Small Business Administration (SBA) SBIR Catalyst Award, doing business as XLerator Network, in conjunction with Jackson State University and the University of Kentucky. The SBIR Catalyst is a new grant to help fulfill the SBA’s mission of filling current gaps in access to the innovation economy for communities of color, women entrepreneurs and rural communities. XLerateHealth is one of eight winners and will use the award to expand support for DE&I funding initiatives in minority institutions in the XLerator network in the South East.
Based in Louisville, Kentucky, XLH was developed to cultivate and develop promising healthcare innovations in underserved and underfunded areas. The non-profit arm of XLH has already received the SBA GAFC award in four separate competitions. The Growth Accelerator Fund (GAFC) competition was first launched by the SBA in 2014 to spur innovation and entrepreneurship across the country.
XLH plans to allocate the allocated funds to advance training and mentoring for entrepreneurs focused on the life sciences with the aim of helping them understand the way forward to commercialize their technologies and how to successfully apply for funding. SBIR / STTR. Work will focus on faculty, researchers, students, and entrepreneurs from minority-serving institutions in the NIH-funded XLerator Network, including Kentucky, Arkansas, Louisiana, Mississippi, Puerto Rico, North Carolina. South and West Virginia. Led by XLH in partnership with 25 academic institutions, the XLerator network is one of four shared accelerator hubs supported by the NIH Small Business Technology Transfer (STTR) program, which funds research and development partnerships between small businesses and academic institutions.
âAccording to the National Academies’ 2015 Report on Innovation, Diversity, and SBIR / STTR Programs, only 7% of the awards went to Minority-Owned Small Businesses (MOSBs), and Black-owned Small Businesses and of Hispanics represent an even smaller share of MOSBs. overall, âsays Jackie Willmot, CEO and co-founder of XLH. âThe Catalyst Prize will build on important work to support underserved regions and populations and allow us to expand our programming in the South East to help these entrepreneurs compete for funding. ”
XLH will create, deliver and run a new training program during this award cycle and select up to 10 participants for each cohort. The goal of this program is to prepare participants for XLerateHealth’s more robust 1: 1 SBIR / STTR coaching program, in which participants submit an SBIR / STTR proposal upon completion of the program. Cohort 1 of this new program is expected to launch in spring 2022. For more information, visit https://xleratornetwork.com/sbir/.
In 2020, XLH partnered with Jackson State University and the University of Kentucky to launch a commercialization pre-accelerator program in HBCUs. The program, EnRICH, received the SBA L2M Visionary Award in fall 2020 and was recognized by Forbes in January 2021.
“A major challenge for our researchers is that they are expected to engage in teaching, research and service, but there is not yet a culture of academic entrepreneurship,” said Almesha Campbell, director of the technology transfer, commercialization and research communications at Jackson State University. , and responsible for the XLerator network site. âThe SBA Catalyst Award will help us build on the success of EnRICH and address the need for greater SBIR / STTR support in this area. ”
The mission of XLerateHealth (XLH) is to cultivate and develop impactful healthcare innovation in the Midwest, Southeast, and other parts of the country where great innovation is often overlooked and underfunded. Founded in 2012, XLH supports the development of healthcare innovation through its healthcare accelerator, which helps start-up creators market their business and attract funding. XLerateHealth is also leading efforts to build and operate the XLerator Network, an NIH-funded partnership with the Academic Lead University of Kentucky as well as 24 other Southeastern academic institutions. The goal of this work is to increase the commercialization of promising innovations in life sciences and healthcare in NIH designated states for Southeast Institutional Development (IDeA).
To learn more about XLH, visit www.xleratehealth.com. XLH is on Facebook, LinkedIn and Twitter @XlerateHealth.