Chrysalis is a medtech incubator dedicated to turning your innovative ideas into reality. We offer a two-pronged approach to support MedTech startups:

1. Incubation: We guide inventors through the entire product development process, from initial concept and appraisal to securing funding, regulatory approval, and commercialization.
2. Launchpad: We provide comprehensive business support services to streamline operations and accelerate growth, including virtual office solutions, administrative assistance, and expert consulting.

Our team consists of seasoned operators with extensive experience in the MedTech industry, providing you with the expertise and guidance needed to succeed.

Our incubator program follows a structured four-phase process:

1. Appraisal: We help you define the unmet therapeutic or diagnostic need, analyze the market, and assess the intellectual property landscape.
2. Evaluate Feasibility: We delve into regulatory considerations, clinical background, and financial aspects to assess the viability of your product.
3. Business Formation: We assist in crafting a comprehensive product development and commercialization strategy, refining your R&D plan, and finalizing financial projections.
4. Growth & Liquidity: We work with you to secure funding, launch your product, and create opportunities for liquidity.

Alongside the incubator program, our Launchpad service provides ongoing business support through virtual office solutions, administrative assistance, access to a network of service providers, and expert consulting on various business aspects.

Our office is located at 423 Main Street South, Stillwater, MN 55082. However, our services are primarily virtual, allowing you to access them from anywhere in the world.

To get involved with Chrysalis, visit our website and fill out the Contact Us form for more information. We review all forms on a rolling basis and will reach out to discuss your specific needs and how we can best support your MedTech company.

The length of the process varies depending on your startup's specific needs and stage of development. Our four-phase Incubation program is comprehensive, covering everything from initial assessment to market launch, while our Launchpad services offer ongoing support throughout your startup journey.

Absolutely. Our services are not limited to pre-funded startups. Whether you are bootstrapping or have secured funding, we can provide valuable support to help you grow and succeed.

No, you do not. Our services are primarily virtual, so you can access them from anywhere in the world. We leverage technology to provide seamless communication and support, regardless of your location.

If your application wasn't accepted, we encourage you to reach out to us for feedback. We can discuss areas where your startup may need further development or explore alternative resources that might be a better fit.

While both incubators and accelerators support startups, they have different focuses. Incubators typically provide early-stage startups with resources and mentorship to help them develop their business model and product. Accelerators, on the other hand, typically focus on later-stage startups that already have a product and are looking to scale rapidly.

We have a track record of helping medtech startups achieve significant milestones, from securing funding to launching successful products. Our comprehensive approach combined with our Launchpad's tailored business support services, and the deep expertise of our team, has proven to be a valuable asset for entrepreneurs navigating the complex medtech landscape.