About FastTrac®
FastTrac® is a comprehensive business planning program that addresses the needs of start-up entrepreneurs who are refining their business ideas, writing their business plans and seeking to grow sustainable high-impact companies.
The program offers customized curriculum for life sciences and tech companies and combines instruction from experienced business professionals with one-on-one business mentoring, peer learning, and ample tools to help entrepreneurs produce all the elements of an effective business.
FastTrac applications for Spring 2012 must be received by Friday, August 31, 2012.
Program Details
Thursday afternoons, from 4 pm -7pm
September 27, 2012 through December 6, 2012.
Location: American Underground Classroom
Fees and Registration
CED members pay $250 for the first company representative.
Non-members pay $350 (includes 1 year CED membership).
$200 for each additional company rep.
There is no application fee.
| Schedule |
|
| WEEK 1: |
Entrepreneurial Reality vs. Mindset |
| WEEK 2: |
(Split topics)
Tech track: Market Opportunity
Life science track: Scientific Opportunity |
| WEEK 3: |
Research and Analysis |
| WEEK 4: |
(Split topics)
Tech track: Go-to-Market Strategy
Life science track: Clinical Strategy |
| WEEK 5: |
Introduction to Financial Models and One-on-One CFO Sessions |
| WEEK 6: |
Building and Compensating Your Team |
| WEEK 7: |
Sources of Funding and Deal Structures |
| WEEK 8: |
Company Formation and Intellectual Property |
| WEEK 9: |
(Split Topics)
Tech track: Technology Review Panel
Life science track: Regulatory Strategy |
| WEEK 10: |
Final presentations and Graduation |
Contact: Anne Katharine Wales
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“The biggest benefit of this class for us, already having our product out for about a year, was how it helped us audit our way of thinking and get us motivated to go through the next phase. The class allowed us to make some very beneficial connections and gain valuable feedback on our product.”
— Chris Graner, founder CEO, Motorstats.com
“FastTrac helps budding entrepreneurs pressure test their ideas and business plans in a safe environment. The course offers a great framework to not only advance your thinking about how to start a company but quickly taps one into the strong entrepreneurial network that exists in RTP.”
— Jonathan Gindes, CFO & SVP, Business Development, Affinergy Inc
Each year more than 75 entrepreneurs are provided the opportunity to showcase their company to investors through FastTrac® program, and more than 600 companies have graduated from FastTrac® since 1999.
Overall, FastTrac® participants have raised more than $400 million.
FastTrac® company fundraising success stories:
- Motricity, Inc., $50 million in 2007
- Liquidia Technologies, $16 million in Series B plus $2,500,000 in additional awards
- AlphaVax , five rounds of private equity financing
- Affinergy, Inc., more than $17 million
- CipherOptics, Inc., $17 million from Lucent and venture capital
FastTrac® graduates that have had IPOs:
- Targacept, Inc.
- Inspire Pharmaceuticals
- SciQuest, Inc.
- Icagen, Inc.
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