PROPEL

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Started in 2007, PROPEL helps guide the development of formation-stage and early-stage life sciences companies by providing entrepreneurs with access to specialized resources and expertise to prepare them for early-stage funding. PROPEL has awarded >$1.2 million in grants and awards since 2007. This has had a strong leverage effect: for each $1 awarded, PROPEL portfolio companies raised $214 in new funding. Industry initially led the development of PROPEL through generous support from Abbott a... nd AbbVie, Astellas Pharma US, Inc., Baxter International Inc. and Takeda Pharmaceuticals North America. Today, PROPEL has strong support from the broad life sciences community encompassing the three pillars of financial support: corporate/industry; private foundations; and public/government. In the last several years, funding sources include: iBIO, corporate partners (listed above), grants from the Searle Funds of The Chicago Community Trust, US Small Business Administration, the City of Chicago and Illinois DCEO.

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PROPEL

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Industry:
Biotechnology Business Development Finance

Founded:
2007-01-01

Status:
Active


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Investments List

Date Company Article Money raised
2022-05-16 Nomad Propel investment in Series B - Nomad 160 M BRL
2022-04-12 Newfront Propel investment in Series D - Newfront 200 M USD
2016-04-20 NovaScan Propel investment in Grant - NovaScan 15 K USD

Newest Events participated

2019-healthtech-startup-competition_event_image Participated in 2019 HealthTECH Startup Competition on 2019-11-14 as organizer

healthtech-startup-competition_event_image Participated in HealthTECH Startup Competition on 2018-11-08 as sponsor

medcity-invest-2018_event_image Participated in MedCity INVEST 2018 on 2018-05-01 as sponsor

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