First Flight Venture Center Partners with Bayer to Host New Propeller Cohort
Research Triangle Park, NC– July 1, 2024 – First Flight Venture Center, the premier science and technology incubator in North Carolina, is excited to announce a strategic partnership with Bayer to host the latest cohort of the Propeller Program. This collaboration aims to accelerate novel startups focused on issues like “food security” in agriculture and crop science using scientific innovations, like CRISPR technology and other agriculture innovations. For founders, having access to strategic partners like Bayer is a game-changer for their entrepreneurial journey to success.
Propeller is a 8-week entrepreneurial design thinking program which helps founders, innovators and entrepreneurs determine the highest value for a product or service idea. This early-stage accelerator program helps entrepreneurs identify potential markets, develop a path to market strategy, and learn how to communicate the value of the idea to early stakeholders and adopters.
Over eight weeks of instruction, Propeller enables innovators to utilize the tools provided and peer interaction to consider angles from the business problem, customer value, and competitive edge–resulting in a clear understanding about the business direction and value of their idea and how to present this value in an investor-ready pitch. Companies will also practice their elevator pitches at the beginning of the sessions. We also leverage our phenomenal mentor network – we call them Navigators – to supplement the curriculum with real world insights.
Propeller serves as a first-step program for early-stage science and technology innovators by helping them bridge the gap between a brilliant idea and the business value it represents. It is based in part on the Wendy Kennedy Institute (WKI) methodology but tailored to science and technology-focused companies.
Participants in the Propeller Program will benefit from:
- Tailored Mentorship: Access to industry experts and seasoned entrepreneurs for guidance and advice.
- Comprehensive Workshops: A series of sessions covering key topics such as regulatory strategies, business development, and fundraising.
- Networking Opportunities: Connections with potential investors, partners, and industry leaders to help scale their businesses.
Applications for the Propeller Program are now open. Interested startups can apply here.
Deadline to apply is July 31, 2024. For more information and details, please click here.