Healthcare company-building profile
BARDA DRIVe Accelerator Network
Biomedical Advanced Research and Development Authority (BARDA), ASPR, U.S. Department of Health and Human Services
Source-based profile
Program at a Glance
- Program type
- Accelerator
- Program category
- Government or nonprofit accelerator
- Organization
- Biomedical Advanced Research and Development Authority (BARDA), ASPR, U.S. Department of Health and Human Services
- Organization type
- Nonprofit
- Location
- Washington, District of Columbia
- Company stage served
- Research or idea stage
- Cohort or participation model
- Network-based rather than fixed cohorts; individual accelerator members run their own programming and refer companies into DRIVe funding pathways
- Investment or funding offered
- Yes
- Published investment terms
- Non-dilutive; DRIVe EZ-BAA awards are federal contracts (historically up to approximately $750,000 for initial feasibility work), no equity taken
- Equity or fee model
- No equity
- Clinical or hospital connection
- Not publicly documented
- Application status
- Active
- Founded
- 2018
Public description
About the program
BARDA's Division of Research, Innovation, and Ventures (DRIVe) operates a nationwide Accelerator Network of independent, non-federal accelerators and innovation centers that serve as regional front doors for health security innovators. Network members provide business support, technical assistance and connections to BARDA funding pathways such as the EZ-BAA. Members have included organizations such as the New Orleans BioInnovation Center, First Flight Venture Center, Stony Brook's Center for Biotechnology and the Life Science Washington Institute.
What the program publicly emphasizes
Focus areas and features
- Category: Government or nonprofit accelerator
- Program structure: Network-based rather than fixed cohorts; individual accelerator members run their own programming and refer companies into DRIVe funding pathways
- Published terms: Non-dilutive; DRIVe EZ-BAA awards are federal contracts (historically up to approximately $750,000 for initial feasibility work), no equity taken
Sources
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