indiebio in A Sentence

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    Frustrated, he and his team applied to Indiebio.

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    Indiebio even takes something from jiu jitsu, Gupta's sport of choice today.

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    Now Gupta is about to test just how far he can extend Indiebio's reach.

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    On an emotional level, Indiebio exists to make those founders feel normal and not undermined by doubt.

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    Todd Huffman, CEO of 3scan, started his company before Indiebio existed, but has undergone a similar journey.

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    Indiebio, meanwhile, can take on science that is a little more risky, while spending only $250,000 and four months.

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    The implicit question that hung over the week was how Indiebio will do without Gupta as a constant presence.

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    Indiebio's four-month program, run twice a year, provides a would-be startup a $250,000 investment in exchange for 8 percent of the company.

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    When they built the Indiebio website and activated the application form, Gupta had no idea if scientists around the world would find them and apply.

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    Indiebio is able to test the commercial potential of certain threads of scientific inquiry roughly three or four years before they would be ready for traditional biotech investment.

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    When we were able to tell them we had been chosen by Indiebio, I was able to secure $230,000 in cash, in the bank, in under 10 days.”.

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    Before creating Indiebio, Gupta, now 43, spent a decade as a designer at IDEO, learning to generate great ideas for clients systematically, rather than praying for creative inspiration to magically strike.

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    In three years, Indiebio has graduated 81 startups, and 70 percent of them have already received additional venture backing- a“follow on” rate that's double the average of typical, very good accelerators.

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    Having had a dozen cellular agriculture companies come through Indiebio, Gupta draws on their experience to advise companies in this class that are working on bioengineered pork sausage and fish feed.

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    Indiebio is far from the only life sciences accelerator, but it stands out for its ability to consistently crank out startups that sound like science fiction, with ambitions to save the planet.

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    Though he studied genetics at UC Santa Barbara, he did not continue that path, and in the two decades before starting the life sciences accelerator Indiebio in San Francisco, he didn't invent a drug or bring one to market, and he wasn't a partner at a venture fund investing in biotech.

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