The Jumpstart Foundry Fall 2022 Deadline Is Approaching. Check Out Our “5 Things to Know” for Prospective Applicants!
As the deadline to apply for Fall 2022 funding from Jumpstart Foundry (JSF) approaches, we’re sharing a list of the top 5 things we want prospective applicants to know about us.
If you’re ready to apply for healthcare startup funding but want to learn more about JSF before clicking ‘Submit,’ read on!
1. We’re not a typical “VC Firm.”
Jumpstart Foundry is a pre-seed stage healthcare innovation fund. Traditional venture capital firms just write a check, but we provide strategic capital – the right help at the right time. Our $50K membership fee (included with investment) covers lifetime access to Jumpstart Insight, which includes exclusive healthcare and leadership programming, access to our vendor and mentor networks, and resources that complement founders’ natural strengths to support their growth.
2. Our investment terms are standard, but the value you receive from a Jumpstart Foundry investment is far from it.
We have standard terms for all companies: $150,000 SAFE (simple agreement for future equity) with a $2M or $4M valuation cap, in exchange for a one-time $50k membership fee for our value-added services that is deducted from the $150K investment.
3. We’re looking for healthcare innovations that solve a wide variety of pain points.
The Jumpstart Foundry Portfolio consists of 130+ companies all over the United States that are addressing proven pain points across multiple areas in healthcare. Some of the areas we focus on include healthcare IT, consumer health products/services, tech-enabled services, and diagnostic devices. (If your startup’s focuses are in the areas of life science or pharmaceuticals, please contact us at firstname.lastname@example.org before submitting an application.)
4. We recently unveiled a new online application.
The new and improved JSF application makes it easier than ever to apply for funding! The entire application process takes from 20-30 minutes.
5. We’re here to help.
If you have questions about completing the JSF application or simply want to learn more about us before applying, we want to hear from you! Reach out to us at email@example.com.
We can’t wait to meet the next group of innovators to join us on our mission as we MAKE SOMETHING BETTER® in healthcare!
If you’re interested in applying, don’t wait– start your application today at jsf.co/apply. Apply by September 30, 2022 at 11:59 pm CT to be considered for our Fall 2022 round of funding!