VentureWell is a venture development and investor readiness program, intended to help NCIIA E-Teams develop their businesses to the point where they can secure their first formal round of financing.
At this time the VentureWell is designed for for-profit ventures only. Two sector-specific programs will be offered each year: one in late fall for teams working on cleantech devices, and one in the summer for teams working on biomedical and/or health-related devices.
Upcoming VentureWell Programs
The next VentureWell program is being conducted in partnership with Village Capital. This program will be held in Louisiville, Kentucky and focuses on agriculture and cleantech ventures. Learn more and apply today!
A second VentureWell program will be held this summer and is expected to focus on healthcare and medical ventures. More information coming soon.
All VentureWell funded companies were also NCIIA grant recipients in the early stages of their company's development.
IntelliWheels Founded by students at University of Illinois, IntelliWheels is launching a geared replacement wheel for wheelchairs. IntelliWheels received a NCIIA E-Team grant in 2010 and participated in NCIIA's Open Minds exhibition in 2010. The company has just recently raised equity funds from Serra Ventures, VentureWell, and others.
SmarterShade SmarterShade has a proprietary technology to produce a window that can be adjusted from transparent to opaque, at 1/3 the cost of the competition. The company, which came out of Notre Dame University, received a NCIIA E-Team grant in 2007 and participated in NCIIA's Open Minds exhibition in 2008. They have since received equity funding from VentureWell and others.
Promethean Power A company based in Massachusetts and in India, Promethean Power provides milk cooling and storage equipment to the Indian dairy industry. The genesis of the project was in part funded by a NCIIA E-Team grant received in 2007.
Natural Composites Founded by a student-faculty team at Baylor University, Natural Composites converts agriculture waste such as coconut shell into engineering products, including injection-molded plastics and other products for a range of industries. The team received an E-Team grant in 2006 and participated in NCIIA's Open Minds exhibition in 2008. Since then, the company has gone on to secure over $5+ million.
Therapeutic Systems Founded by a PhD student team from University of Massachusetts Amherst, Therapeutic Systems makes the Vayu Vest, a product for autistic children. Therapeutic Systems received a NCIIA E-Team grant in 2007 and participated in NCIIA's Open Minds exhibition in 2009.
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