We at KiiLN are thrilled to announce that the Small Business Administration (SBA) has once again recognized our efforts as an accelerator for biotech startups. The SBA selected us as one of 20 winners in the 2017 Growth Accelerator Fund Competition after a two-round review process which included a video pitch. The detailed announcement is available here. Congratulations to our fellow winners and a huge thank-you to the SBA for supporting this network of accelerators that are building the businesses of the future!
We are happy to announce that KiiLN has joined the Business Incubator Association of New York State (BIANYS). This is an extraordinary opportunity to build our network outside of the NYC.
BIA/NYS has been a long time supporter of entrepreneurship. The Executive Director, David Hochman has testified before State and City legislature, in support of a renewed/continued commitment to entrepreneurship as a means to drive economic development.
At KiiLN we firmly believe in this premise and we are happy to be part of a group of like-minded individuals. We would also like to thank BIA/NYS for bringing incubators from different industries and regions together. We look forwards to learning, sharing and growing with our peers.
Keisha Thomas, PhD
Program Director, KiiLN
Originally published on here on September 8th 2015. Re-published with permission from author.
About an event…
Less than a month ago Nicole McKnight (one of five female co-founders of the biotech accelerator, KiiLN) and I made our way from the Upper East Side of Manhattan to the Bronx as Nicole was invited to moderate a panel entitled, ‘Capital Formation Pathways for Small Businesses’. The Assembly Member for the 79th District, Michael A. Blake and the Bronx Borough President, Ruben Diaz Jr. hosted the Small Business Association (SBA) and the US Securities and Exchange Commission (SEC). It was one of those hot NYC summer days where the one dollar helados being sold from the carts was indeed tempting but we opted to forgo, what was sure to be rainbow colored (flavored) lipgloss until the event was completed. We made our way past the Yankee’s Stadium, to Boricua College.
I think it is blog-worthy to emphasize the event’s location, as it was atypical. It also speaks to a growing interest in entrepreneurship. From the window of the seminar room we could see the strong-boned and beautiful Mario Merola Building (formerly known as the Bronx County Courthouse). Assemblyman Michael Blake wastes no time in pointing out that it is a prime location for an incubator. This announcement set the general tone for the meeting, one of hopefulness that innovation and entrepreneurship will help lift this community up and provide opportunities for the residents of the South Bronx.
Most interesting though, was the diversity in the backgrounds of those in attendance. Present was a team of app developers, based in a Bronx incubator space. There were also entrepreneurs in attendance with a host of unique ideas ranging from a beverage business to a doll’s clothing company. Everyone introduced themselves and shared a bit about their dreams and ambitions with the group. This exercise really helped to establish that everyone present had ideas — ideas that they wanted brought to life.
As the event proceeded, Sabastian Gomez of the SEC give a quick crash course on the various funding mechanisms for new businesses, while his colleagues emphasized the SEC’s dedication to promoting diversity in business entrepeneurs. Then there was a brief exploration of the idea of a company’s value in the form of equity. This led into the hot topic of Crowdfunding as a promising path to funding one’s business. Mr. Javier Saade of the SBA emphasized the important role that Crowdfunding could play in presenting traditionally underrepresented founders and entrepreneurs with a valuable route to raise capital.
As the details of the JOBS Act become finalized, the potential for impact from legislation that essentially enables Crowdfunding to be used more widely as a platform for fundraising is immense. The one request made by the members of the audience was for the information to be easily accessible and digestible. I couldn’t agree more — let’s give all good ideas from good people the best chance for success.
Keisha is a biochemist with a commitment to helping good scientific ideas reach the public. She believes that there is innovation potential at the intersection of finance, technology and science. In addition to her entrepreneurial interests, she enjoys eating tasty food from different cultures and spending time with her dog and husband.
Crain’s New York Business’ Health Pulse reports on KiiLN winning the Small Business Administration fund. See here for details.
Check out the New York Business Journal spotlight on the four NYC winners of the Growth Accelerator Competition from the Small Business Administration. Read more here.
KiiLN is a Winner of the 2015 SBA Growth Accelerator Fund Competition
Announcement was made at the first-ever White House Demo Day
New York City, NY. August 4th, 2015: KiiLN has been selected a winner among hundreds of entries for this year’s Growth Accelerator Fund Competition, awarded by the US Small Business Administration (SBA). The awards were announced on August 4th, 2015 at the first-ever White House Demo Day. President Barack Obama hosted this event to highlight the contributions made by innovators to the nation’s economy, with a focus on inclusive entrepreneurship.
Through the Growth Accelerator Fund, the SBA will support the development of business accelerators that help aid in the growth of startup companies. As an award recipient, KiiLN will apply these funds to jump-start its mission of promoting the success of early stage biotechnology companies. KiiLN will also develop a virtual incubator to help young companies through the first steps of forming a business and attracting funding. Dr. Ilse Daehn, co-founder of KiiLN stated, “the KiiLN team is committed to promote entrepreneurial strength in diversity by connecting budding scientist-entrepreneurs to a network of experts in the biotech startup arena.”
KiiLN has partnered with Cambridge BioLabs to provide acceleration programs for the resident companies of New York BioLabs, a premier co-working space for biotech companies in need of dedicated labs, equipment and a collaborative community. Dr. Nicole McKnight, KiiLN co-founder and Director of NYBioLabs said, “together KiiLN and Cambridge BioLabs will lower the barriers to entry for life science entrepreneurs in the New York area.”
Keystone for Incubating Innovation in Life sciences Network, KiiLN, is an accelerator catering to biotech entrepreneurs who are determined, against many odds, to succeed in New York City. KiiLN aims to foster a community of like-minded scientists dedicated to translating their research into cures for diseases and will aid in the success of their startup companies by providing networking and business services. KiiLN is building a culture that sustains innovation and contribute to the emerging prominence of New York City as a biotech hub. Keep in touch: http://signup.kiiln.org/
Check out this article about WCA’s BLUEPRINT Accelerator Network exploring a relationship with KiiLN- more here.
Check out the report by Irina Ivanova “Biotech Incubator Wants Startups” in today’s issue of Crain’s Health Pulse.
We are excited to read the Einstein Journal of Biology and Medicine blog by Pablo Rougerie about NYC initiatives for biotech startups. Read the full article here.