We power entrepreneurs like Luhan, and maybe you
What is the VDC?
Hi, we’re the Venture Development Center or VDC, a technology and life science incubator located in Boston at UMass. We power global entrepreneurs like Luhan, and maybe you.
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Who is Luhan?
Luhan Yang, co-founder of eGenesis, is hellbent on solving the organ shortage with ‘designer pigs.’ The company launched at the VDC from the Church Lab at Harvard Medical School, and later achieved a $38M Series A financing.
How do you power entrepreneurs?
We deliver the support you need when you need it, to turn your vision into reality, beginning with visa sponsorship. With thoughtful and meaningful individual mentorship, connections and university resources, including an 18,000 sf incubator, with desks, offices, laboratories and equipment. Backed by our years of experience and expertise, we enable you to get to a fundable business faster and at a lower cost.
How does the program work?
Most companies arrive with seed funding, and work towards a Series A. Based upon your milestones, we roll up our sleeves to help you succeed. For example, if you need to complete a mouse study, we help you get your protocol approved and use our animal vivarium. Or if you need to do a pilot of your device, we’ll show you how to successfully negotiate the purchase order.
How does the visa work?
After your student visa ends, we can be a bridge to residency by facilitating a cap-exempt H-1B visa anytime during the year. We are the first in the nation to provide this support, and have a 100% success rate.
What types of companies do you work with?
Good ones! The 25 current companies are in the healthcare, financial, electronics, security, commerce, social, artificial intelligence, biotech and pharmaceutical industries. They are averaging $7.1M in private investment.
The founders are really interesting, too, dreamers, doers, makers, risk-takers from 6 continents and 14 universities. We are a global community!
Are you accepting new members?
Yes. Each year, we accept 10-15 new entrepreneurs on a rolling basis. Pricing is competitive. It depends upon the type of workspace you use. You don’t have to give up equity. Most find we are the best value in Boston. Apply, and we’ll be in touch to schedule an interview.
Have another question? Ask, and we’ll get back to you asap!
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