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OM developing major role in Lafayette medical future

OM developing major role in Lafayette medical future

This fall, the Opportunity Machine will play a significant role in Lafayette’s transformation to a world-class medical hub when it hosts up to 10 healthcare startups for Accelerate South, a program designed to fast-forward the growth of promising medical companies from across the U.S., including Acadiana.

Currently, academic, public and private sector leaders are working with Accelerate South’s executive director, Reece Theriot, to vet applicants to the business acceleration program. There’s still time for other medical companies that believe they’ve got the innovation moxie to compete. To be considered, go to www.f6s.com/acceleratesouth/apply. The deadline to apply is July 15.

The program is designed to cover 12 weeks of instruction, guidance and growth in Lafayette. Accelerate South organizers are weighing whether to split the program to a week on/week off schedule to help out-of-state firms who cannot spend three months at a time away from their home base. Accommodations in Lafayette will be at no cost to them, and travel costs will be borne by Accelerate South.

Startups chosen will have access to business mentors, medical facilities (living labs) for testing, direct access to doctors and their medical expertise, and investment partners.


Accelerate South from Accelerate South on Vimeo.

The companies’ stakeholders also will have MBA candidates from the University of Louisiana at Lafayette to work out business projections and problems. And they’ll have access to academicians of many disciplines from UL-Lafayette, some of them professors who played an integral part in establishing Accelerate South.

Mentors who are experts in business or medicine – or both – also are being screened. For a chance to lend your expertise, sign on at www.acceleratesouth.com/mentorship. To help a friend enlist their company, forward their: https://us18.campaign-archive.com/?e=e87d6a8ea6&u=8d172f9a82365e92e69ef33f4&id=95a0dafb10

Accelerate South is the second business acceleration boot camp offered at the OM, following last year’s successful Accelerate Acadiana. But this time it’s bigger and focused exclusively on health care. It also has $1 million available in investment capital and access to an organized group of seasoned investors. The program also enlisted as partners established healthcare operators Lafayette General Health, LHC Group , Acadian Companies , VieMed, The Perret Group and others to open their doors for access to facilities and networks of experts providing guidance.

The startups also will have access to one of the largest pharmaceutical research facilities in the U.S. – the New Iberia Research Center, which is operated by UL-Lafayette – located on the grounds of the sprawling Acadiana Regional Airport.

Accelerate South participants will have office space and receive classroom instruction at the OM, located in the Louisiana Immersive Technology Enterprise in UL-Lafayette’s Research Park.

Grant partners include the Lafayette Economic Development Authority, University of Louisiana at Lafayette, Community Foundation of Acadiana, and Winrock International, Accelerate South’s facilitating grant partner.