Pelegrin Partners, LLC is a unique venture organization that offers the opportunity for established Minnesota based corporations to leverage unexploited intellectual property into licensing revenue and/or equity holdings. We do this by seeding and nurturing new companies. We are distinct because of the collection of our partners who have deep financial, legal and design experience in the life science and technology sectors. We have a comprehensive network of executive talent, and creative funding options to support the pilgrimage of these emerging new entities. Our vision is to enhance the quality and values of our community through the creation of globally competitive and world-class commerce in Minnesota.
Seeding / Plying / Technology / Stables / Overview
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Approach
- Assistance in identifying, attracting and hiring the appropriate leadership team (executive team, advisory board members and board of directors)
- Business formation and funding
- Strategic planning
- Ethnography, product design, engineering and prototyping
- Market introduction and development
- Organizational design
- Eventually viable exit opportunities
Selection Criteria
- Life Science or emerging technology-based concepts
- Concept able to attract a world-class management team
- Potential to create a new market, capture significant market share or dominate a growing market niche
- Proven marketable application in other vertical markets
- Chemistry between Pelegrin and corporate partners
Differentiation
- A distinctive Newco formation process that leverages Minnesota's most extensive database of executive, advisory and investor resources
- Just-in-time funding and investment-specific limited partners to ensure stakeholder alignment and Newco creation efficiency
- Downstream strategic investors and market-development alliances
- We offer an alternative solution that VCs typically will not pursue, angel investors cannot offer and corporations cannot imagine.
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