ltechnologygroup.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com.http://tctechcrunch2011.files.wordpress.com/2017/09/tcdisrupt_sf17_samaltman-3383.jpg
Y Combinator is pulling the curtains off of a new experiment, YC Bio. The idea is to fund early-stage life-sciences companies that are still in the lab phase, YC President Sam Altman wrote on the YC blog today. YC Bio’s first area of focus will be on healthspan and age-related disease.
“We think there’s an enormous opportunity to help people live healthier for longer, and that it could be one of the best ways to address our healthcare crisis,” Altman wrote.
For those unfamiliar with the idea of healthspan, it’s the amount of time someone is healthy rather than the amount of time they’re alive and potentially in bad health.
Similar to YC AI, companies in the YC Bio track will participate in YC’s traditional batch. But instead of taking 7 percent ownership in exchange for $120,000 in investment, YC will offer the biotech companies between $500,000 and $1 million for 10 to 20 percent ownership.
Because these companies will all still be in the lab phase, YC will offer them free lab space in partnership with a to-be-determined entity. YC Bio also will offer companies “a number of other special deals” and access to experts in the field.
YC backed its first biotech company in 2014, when Gingko Bioworks participated in the accelerator. At the time, Altman told TechCrunch’s Sarah Buhr that three things had started happening in biotech: “upcoming hyper growth, costs coming down to series-A scale, and cycle time coming down to something reasonable for a startup.”
At L Technology Group, we know technology alone will not protect us from the risks associated with in cyberspace. Hackers, Nation States like Russia and China along with “Bob” in HR opening that email, are all real threats to your organization. Defending against these threats requires a new strategy that incorporates not only technology, but also intelligent personnel who, eats and breaths cybersecurity. Together with proven processes and techniques combines for an advanced next-generation security solution. Since 2008 L Technology Group has develop people, processes and technology to combat the ever changing threat landscape that businesses face day to day.
Call Toll Free (855) 999-6425 for a FREE Consultation from L Technology Group, https://www.ltechnologygroup.com.