The Chicago Biomedical Consortium (CBC) is working to determine which research projects are most deserving of funding from our Accelerator Award program. The Accelerator Award supports translational research—that is, moving therapeutic discoveries from the university laboratory to the market—and we could use your help.
REGISTER TO JOIN THE BOARD
Welcome Dinner March 3! We will host a welcome dinner for Venture Board members on Thursday, March 3, 2022 at 6:00 PM at a Chicago restaurant and would be thrilled if you would join us. After you register, a member of our team will reach out to you with further details.
[FORM GOES HERE]
EXPECTATIONS OF THE BOARD
The CBC will be accepting Accelerator Award applications on a rolling basis and would like to convene the AVB once a quarter to identify and discuss the most promising applications.
Each quarter, the Venture Board will:
- Meet for 90 minutes
- Attend 1-2 CBCAN meetings to view faculty “pitch” presentations
- Chat with CBC Entrepreneurial Fellows to identify gaps in faculty members’ research
- Advise CBC Executive Director on how Accelerator Award applicants’ can best position their research for future funding
In addition to selecting projects based on the therapeutic potential of the basic biomedical discoveries, participating as a member of the venture board would allow you to meet with colleagues and directly contribute to shaping Chicago as a major center for translational research.
ACCELERATOR AWARD SELECTION PROCESS
Step | Action | Involved | Format |
---|---|---|---|
1 | Professor submits an LOI | Faculty | Rolling deadline, Web submission |
2 | Triaged to explore or not explore and/or AA vs CA | SDs/Investment Committee/ED | Electronic voting |
3 | EF develops Investment Memo | EF in consultation with Faculty, TTO, other as necessary | 3–4-page Word document |
Slide/ figure appendix | |||
4 | Scientific and Investment Committee ask questions | ARB and Investment Committee | Regular bi-monthly (every two months) CBCAN Meeting |
5 | EF follows up on open questions | External experts, TTO, Faculty, CROs | Revised Word document |
6 | EF and Faculty present to Investment Committee | 4–5-member investment committee | Regular bi-monthly meeting with polled voting Decision Now or later and/or other funding Discussion of funding past AA |
7 | SDs/ED determine funding | 3 SDs and ED | Monthly meeting |