Trajectory Next is a 12-week program for digital health, bio-health and life sciences startups.
Trajectory Next is designed to work with startups who have exited an accelerator or similar program. The 12-week program, which recently received funding through the TEDCO Incubation Challenge, will offer support, guidance and access to the combined networks of Johns Hopkins Technology Ventures (JHTV), Betamore and UM Ventures through their respective universities and affiliations.
What’s Different about Trajectory Next?
The resources and connections will be unlike ordinary accelerators because this is a collaboration that blends the strengths of top universities, venture and entrepreneurship organizations in Maryland.
Trajectory Next advisors will meet with each selected startup to assess their strategic plan, evaluate and define their biggest obstacles over the program’s time frame and set up corresponding benchmarks to measure their progress. Trajectory Next recognizes that this program must be tailored to the needs of each startup, and action plans may look different for each team. Additionally, these advisors will broker introductions to key connections in Maryland and beyond throughout the program to foster growth and ensure the startup’s viability following their exit from Trajectory Next.
Startups selected for the Trajectory Next program will receive customized services and training around the building of sales channels, facilitating pilot programs, restructuring product management, legal support, user research, market development and recruiting.
Contact Megan Wahler (firstname.lastname@example.org) for more information.
Johns Hopkins Technology Ventures
Johns Hopkins Technology Ventures (JHTV) is the intellectual property administration center of the Johns Hopkins University. In addition to serving as the licensing, patent and technology commercialization office for Johns Hopkins researchers and inventors, JHTV supports the growth of startups in and around the university and is an active liaison to parties interested in leveraging university research or materials for academic or corporate endeavors. In fiscal year 2017, JHTV secured more than $17 million in licensing revenue, had 2,653 active issued U.S. and foreign patents and facilitated the creation of 18 new startups.
Betamore was co-founded in 2012 by Greg Cangialosi, Mike Brenner and Sean Lane. Their collective vision was to help to develop Baltimore into a global hub for entrepreneurship and education for the 21st century. Betamore was originally formed as a for-profit entity, but in January 2015 it became a 501(c)(3) by merging with the former Greater Baltimore Technology Council. Through initial founding partnership grants by the Abell Foundation, France-Merrick Foundation, T-Rowe Price Foundation and the Maryland Department of Commerce, Betamore serves its members, local communities, Baltimore and beyond.
UM Ventures is a joint initiative of the MPowering the State Program, bringing the University of Maryland, Baltimore and the University of Maryland, College Park together to commercialize discoveries, and create economic impact by engaging partners in industry and social ventures. By encouraging students and faculty, providing expert advice and business services, more discoveries will reach the market. By engaging directly with external partners, UM Ventures brings new investment, expanded markets and more startup ventures.
Frequently Asked Questions
Baltimore is the best-kept secret of the nation’s innovation scene. It consistently ranks among the 20 hottest cities for tech and top three cities for women in technology. Maryland as a whole was ranked third on Fast Company’s list of innovative states and fourth in the number of startups per million residents. There are 38+ entrepreneurial support groups and co-working spaces throughout the city, and a host of venture, angel, and grant opportunities for startups. Baltimore is a city of makers, doers, creators and problem solvers.
Who’s leading this program?
The Trajectory Next program is run under the direction of Megan Wahler, FastForward Program Manager at John Hopkins Technology Ventures, Allison Gardner, Education Director at Betamore, Jenny Owens, Executive Director of The Grid, and Linda Cassard, Assistant Vice President at the University of Maryland, Baltimore Office of Research and Development.
What kind of startups should apply?
To be eligible for Trajectory Next, companies will have demonstrated successful completion of an accelerator or other like program, the ability to define metrics and milestones, and an understanding of the hurdles to, and attempts at, adoption and defined customer segments. Candidates must be in Maryland or relocate to Maryland to participate and be focused on digital health, bio-health innovation or life sciences.
How will the program work?
Once selected, the Trajectory Next administrators will curate a group of advisers from joint networks whose expertise aligns with the needs of each company. Trajectory Next advisers will meet with each team, assess their strategic plan, and evaluate and define their biggest obstacles to develop a 12-week action plan and corresponding benchmarks to measure progress. Trajectory Next recognizes that this program must be tailored to the needs of each startup, and action plans may, therefore, look different for each team. This is a hands-on program that will meet once a week for meeting and on-site workshop.
In addition, through Trajectory Next, we will broker introductions to key connections in Maryland and beyond. By facilitating meaningful introductions, we will help companies position their product, service or software to become a more desirable option for potential customers. Because of the rigor of the application process, the dedicated team, committed advisors and the strength of the program described, introductions from Trajectory Next will carry greater weight in the community than a simple referral.
What’s the timeline?
The application period for the 2018 cohort will open January 5, 2018 and close on February 19, 2018. Trajectory Next will announce selected companies by March 6, 2018. The official kick-off will take place on April 2, 2018 and the program will run until June 22, 2018.
Do startups need to spend the 12 weeks in Baltimore?
Yes. This is an in-resident program. Each participant will work with like-minded entrepreneurs, receive one-on-one mentoring and connect with investors and experts in this industry.
Will Trajectory Next provide housing for the participants?
Each participant will be responsible for covering living and travel arrangements for the 12 weeks of the program. We will provide a list of possible housing locations, but participants will need to make and pay for their own arrangements.
How does the application process work?
We have an online application that includes questions about your company, the team behind it and what you hope to gain during the Trajectory Next experience. All selected participants will be notified by March 6, 2018.
Representatives from Johns Hopkins Technology Ventures, the University of Maryland, Baltimore and Betamore will work to identify the startups that have the most potential to benefit from our program.
Does our company need to be from Maryland?
No. However, you must be located in Maryland or willing to relocate to Maryland for the duration of the program, April 2 – June 22, 2018.
How much detail should I include in my application?
Trajectory Next is looking for companies that have shown traction in the marketplace. We recommend presenting a clear vision of your company’s mission and its solutions; describing the market opportunity, your team, and your business plan; and providing high-level information about the progress your startup has made to date.
Will my application be confidential?
Please include only non-confidential information in your application. We will treat all information, data and details included in the application as non-confidential public information.
Will the program or any party associated with it own the intellectual property that my company develops during the program?
All intellectual property that a Trajectory Next participant develops during or outside of the program is retained by that company.
Contact Megan Wahler (email@example.com) for more information.