Reinventing Life Science Entrepreneurship in London

BURST is an innovative incubation program for high-potential medical technology startups and scale-ups that will position London as a focal point for life science innovation. The program will provide intensive support to 30 companies, including approximately $3 million in cash and in-kind support.

Each of BURST’s three cohorts will include ten companies, primarily from the life science, medical device and health information technology fields. Each 12-month cohort will focus on four main pillars: market validation, company structure, IP, and investor readiness.

Cohort #1

April 1, 2017 – March 31, 2018
Application deadline: March 7, 2017

Cohort #2

August 1, 2017 – July 31, 2018
Application deadline: July 1, 2017

Cohort #3

December 1, 2017 – November 30, 2018
Application deadline: November 1, 2017

Each participating company will receive $30,000 in funding, plus $10,000 for professional development provided by TechAlliance. Approved life science companies will also receive $30,000 from the London Medical Network, for a total of $70,000.

To qualify for London Medical Network funding, BURST participants will be obligated to maintain a presence in London for a minimum of 24 months after the conclusion of their cohort.

Applications for Cohort #2 will open June 1. Please sign up below for updates.

BURST By the Numbers

$3 million

Approximate value of total cash and in-kind investment through BURST

30

Participating companies over three cohorts

$70,000+

BURST cash investment available to qualifying companies, plus significant in-kind support

BURST Program Structure

Application

Prospective companies will complete an online application form outlining their technologies and proposed use of funds that will be reviewed and accepted by a panel of experts.

Space & Programming

Each company will be provided shared workshop and a common area for programming and cohort-specific learning activities.

Discovery

Each company will work closely with experts in market research, corporate structure and IP to determine gaps in their company or technology.

Mentoring

Each company will work with a mentor to finalzie their plans, then meet on a bi-weekly basis to monitor progress and receive guidance.

Graduation

Each cohort will conclude with a Demo Day, showcasing their technologies to investors and industry representatives.

Funding Partners

Institutional Partners

CIMTEC
Fanshawe College
Ivey International Centre for Health Innovation
Lawson Health Research Institute
Propel Entrepreneurship
Robarts Research Institute
Schulich School of Medicine & Dentistry
SWO Angels
Western Research Parks
Western University