Welcome to Silicon Beach
NantAccelerator provides seed funding and a wide array of resources to support startups. We seek out entrepreneurs who are ready to launch their ideas into the market. We are interested in many types of startups, but especially in web and mobile applications.
What we Offer
We provide startup companies not only with financing but also with legal, technological, IP, marketing, and distribution advice and support. We have extensive access to strategic partners and investors which can be leveraged to make useful introductions for entrepreneurs. In the 3 to 4 months that startup companies will spend with us, our aim is that they should both develop their products for market and also move the companies themselves into a new phase of development.
Format of NantAccelerator
NantAccelerator provides seed funding for companies. It has also funded over 35 companies so far in larger scale deals taking them beyond the seed stage of funding to the development stage. We do not require startups to move to Los Angeles, but we are able to offer free office space in Los Angeles for all startups in our program who choose to do so. During the program, we hold events featuring top speakers with expertise about all aspects of building a business. These experts include other startup founders, angel investors, private equity principals, strategic investors, lawyers, journalists, investment bankers, Fortune 500 executives, and more. Our expert speakers may continue to be advisors to our startups and may also become investors.
About Patrick Soon-Shiong, M.D
Patrick Soon-Shiong, M.D., is a South African-born Chinese American physician, surgeon, scientist and inventor who has pioneered revolutionary new treatments for diabetes and cancer. He is a named inventor on more than 50 patents and the author of more than 100 scientific papers. He developed the first encapsulated islet cell transplantation treatment for diabetes and the first nanoparticle albumin-bound FDA-approved oncology drug. He is the founder and former chief executive officer of two NASDAQ-listed, multi-billion dollar pharmaceutical companies.
Dr. Soon-Shiong heads the non-profit Chan Soon-Shiong Institute for Advanced Health (CSS Institute), which announced in July 2011 that it had taken over responsibility for National LambdaRail, a non-profit high performance 12,000 mile fiber optic communications network linking leading research institutions throughout the United States to support big science projects. The CSS Institute is in the process of connecting medical research centers, sequencing centers and hospitals to this network, to create a national health information infrastructure.
Dr. Soon-Shiong was awarded the National Library of Medicine’s 2010 Distinguished Medical Science Award. Dr. Soon-Shiong and his wife, Michele B. Chan, were among the first Americans to join with Warren Buffett and Bill Gates in taking the Giving Pledge. In 2010, Dr. Soon-Shiong founded the Patrick Soon-Shiong Innovation Awards, a competition recognizing innovative companies in the Greater Los Angeles area, with an annual awards dinner held in November.
Since 2007, Dr. Soon-Shiong has funded over 35 companies spanning healthcare, education, science, and technology. The technologies span the entire continuum of advanced communications including semiconductor chips, switches and encryption software, augmented reality, novel object and voice recognition platforms, broadband telecommunications services and ultra-low power devices. In September 2011, Dr. Soon-Shiong announced the formation of NantWorks LLC, a company which converges all these technologies with a mission to transform the way we work, play and live.