Jumpstart Foundry Pre-Seed Accelerator

Jumpstart Foundry invests $150,000 in pre-seed healthcare innovation companies. It makes pre-seed stage investments on a standard post-money SAFE note in innovative healthcare startups from across the country, and is interested in healthcare IT, consumer health products/services, tech-enabled services, and diagnostic devices. In addition to startup funding, founders of selected companies receive a lifetime membership into Jumpstart Foundry's exclusive program, Jumpstart Insight, which supports the development of the leadership and business management skills required to fund, build, and manage high-growth healthcare companies. Jumpstart Foundry runs four application cycles each year.

Key Benefits

• $150K investment on a SAFE note at a $2M valuation ($100k lands in your bank account after the $50K membership fee)
• Lifetime membership in Jumpstart Insight: exclusive healthcare and leadership programming
• Access to strategic healthcare and VC networks
• Special perks with preferred vendors

Eligibility

• Pre-seed healthcare startups in healthcare IT, consumer health products/services, tech-enabled services, and diagnostic devices
• Jumpstart Foundry does not fund biotechnology, pharmaceuticals, or life science companies
• Companies must be based in the US (FAQ)
• Generally full-time founders with at least a V1 of the product developed; revenue is not required, but progress towards market validation is expected (pilots, early customers)
• Companies that have already been through an accelerator or incubator can apply
• Companies do not have to be located in Nashville

Program Structure

• Four application cycles each year
• Standard terms for all companies: $150,000 SAFE with a $2M valuation in exchange for a one-time $50k membership fee
• Jumpstart Foundry expects to form a 3-6 year partnership with its founders
• Have ready to apply: a cap table, a P&L with historical and projected revenue and expenses, a recorded demo or demo access, and a pitch deck or executive summary

Cost

One-time $50K membership fee for Jumpstart Foundry's value-added services (lifetime access to Jumpstart Insight). It comes out of the $150K investment: $100k lands in your bank account.