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Grants and Financial Assistance for Your Startup Journey

FAQs

At Altitude Lab, we recognize that each founder’s background and journey is one-of-a-kind. Building the value of your startup ahead of venture fundraising is crucial to transforming your vision into a reality. 

What is the typical duration of the residency program?

Altitude Lab’s program is 24 months. Founders who raise seed funding sooner may accelerate their graduation.

What key resources are included in the residency?

Residents get access to:

  • State-of-the-Art Facilities: Over 5,000 sq ft of active co-working lab space, including shared cell culture facilities and approximately $1M of molecular biology tools.
  • Mentorship and Guidance: Our program us designed to help guide founders, offering personalized coaching and support from industry experts. In addition, each founder will get the opportunity to be paired with a mentor from our national network.
  • Investor Network: Opportunities to connect with our investor network of healthcare venture capitalists through office hours, RISE, Horizon, and other events. 

Office/Admin Support: Fully equipped co-working office space, administrative management (maintenance, inventory), and package reception.

What is the Trail Angel Grant?

The Trail Angel Grant is a non-dilutive grant (zero cost, zero equity) offered to exceptional founders and business ideas. It covers 1 year of residency (including a wet lab bench and desks) and includes coaching on pitching, term sheets, and business challenges.

Financial Assistance

Our financial assistance options below can help you fulfill your entrepreneurial dreams.

Chris and Summer Gibson Founder Fellowship

Empowering First-Time Academic and Underrepresented Founders

The Chris and Summer Gibson Founder Fellowship is committed to empowering underrepresented and first-time founders as they transition from academia to entrepreneurship. If accepted as a fellow, you will receive:

  • $40,000 Stipend: Funding to fuel your entrepreneurial dreams.
  • 1 Year of Lab and Office Space: Access to our world-class facilities, including a wet lab bench and co-working office space.
  • Expert Mentorship: Benefit from quarterly mentoring sessions with Chris Gibson, co-founder and CEO of Recursion.
  • Discounted Resources: deep discounts on select lab reagents and consumables.

Are you an underrepresented or first-time founder completing your graduate or postdoctoral training within 12 months? Take the step to secure your place in the program today.

Trail Angel Grant

Your Path to Success

The Trail Angel Grant provides your startup unmatched support to reach new heights:

  • 1 Year of Residency: Gain access to our cutting-edge facilities, services, and instrumentation Expert Guidance: Receive personalized coaching from industry leaders to  navigate pitching, term sheets, and overcoming your most pressing business challenges.
  • Reserved Grants: We are deeply committed to promoting diversity and inclusion. That's why we reserve five of our ten grants for companies with at least one underrepresented founder or executive.
Get There Travel Grants

Seize Opportunities Anytime, Anywhere

Our Get There Travel Grants are designed for those critical moments when admitted founders need to be at a meeting, no matter what:

  • Airfare Coverage: Receive financial support of up to $750 for airfare, ensuring you can make those critical meetings with top investors or commercial partners.
  • Meals and Accommodations: We'll cover you for two days of travel, including meals and accommodations.

Ready to Secure Your Startup's Future?

At Altitude Lab, we aim to empower you with the resources and support you need to thrive. Whether embarking on your entrepreneurial journey or looking to elevate your startup to new heights, our financial assistance options can help. Your journey to success begins here. Apply for the financing option that aligns with your needs and become part of the thriving community of Altitude Lab entrepreneurs.

Apply Now