March 17th, 2016 – Militia Hill Ventures is pleased to announce that it has been selected by the University City Science Center to be the preferred commercialization partner for Phase 1 Ventures Program. Phase 1 Ventures is a startup accelerator for “long horizon” technologies – those requiring significant development and/or regulatory approvals – such as healthcare, materials, or energy companies. Phase 1 Ventures initially provides up to $25,000 in support and a host of resources, including substantial services, to help get the company going. Companies in the program then focus on building commercialization plans and applying for non-dilutive funding such as SBIR or STTR grants. For companies that are successful at securing grants, Phase 1 Ventures could provide up to an additional $450,000 in financing.
“Promising technology is a great first step, but it is not sufficient for a company to be investible,” says Jane Hollingsworth, Managing Partner of Militia Hill Ventures, and former CEO of NuPathe. “Too many companies built around promising technologies fail because they lack experienced management. Phase 1 Ventures and Militia Hill Ventures aim to provide this critical advantage to companies, giving them a much better opportunity to attract investment and achieve ultimate success.”
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