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Dear LEL community,

The New Year is just around the corner. It’s been a challenging time for all of us, and Lair East Labs is not an exception. But all difficulties make achievements even sweeter.

As New Year’s Eve is the perfect time to make resolutions and reflect on the past year, we’d like to share some victories we’ve achieved with you.
Startup Accelerator Program
The COVID-19 pandemic has impacted the way we run the accelerator program. The whole LEL team started working remotely in early March, but we’ve pivoted and operated successfully Batch 6 and 7.

We’ve screened 2000+ startups and enlarged our portfolio with 6 new outstanding companies from the BioTech/Health, Consumer, Hardware, and Sustainability fields.
Alteron Therapeutics (Batch 7) is a pharmaceutical company working on the development of original targeted new drugs for the treatment of Alzheimer's disease and ALS.
Quantified Biology (Batch 7) develops custom-made biological-image analysis solutions for R&D units in pharmaceutical companies.
Atantares (Batch 7) is a HealthTech company that aims to enable precision management of critical bleeding following trauma and high-risk procedures.
Alexapath (Batch 6) Alexapath is building an AI-empowered solution (software + hardware) with more affordability and accessibility to disrupt the microscopic analysis field.
Lilu (Batch 6) builds products and tech-enabled devices to empower new moms. Their first product, the Lilu Massage bra, is conceived by the team after hundreds of hours of research and has automated breast massage compression which increases the milk supply of nursing mothers.
 
Mi Terro (Batch 6) is a new material technology company that turns food waste into sustainable and high-quality fibers, which can be applied to apparel, home appliances, medical appliances, and packaging.
Portfolio Growth

As we continuously engage in the growth of our portfolio companies, we are happy to witness remarkable pivoting or growth they accomplished in this unprecedented year.

Our portfolio companies have been featured in Bloomberg, Forbes, Business Insider, WIRED, Wall Street Journal, Vogue, and many other publications. 

They’ve secured partnerships with or grants from the Gates Foundation, NSF, NIKE, Ralph Lauren, XERO, DigiKey, Lex Mundi, University of Oxford, Roche, and more.

Despite a year of difficulty, they managed to fundraise, pivot, and grow. 

Venture Fellowship Program
Since January 2020, our brand-new internship program has attracted many brilliant, young professionals. With more than 1000 applications to one single investment intern position in 2020, we are thrilled to receive such popularity among young professionals across the globe.

Given the popularity, we formalized our internship program and launched LEL Venture Fellowship.

The program has welcomed outstanding students from top schools such as Columbia University, University of Pennsylvania, UC Berkeley, Cornell University, University of Chicago, and New York University, and other talents like incoming Accenture consultant, ex-YC founder, ex-medical school student, and emerging angel investor.
LEL Connecting

To support founders during the pandemic...

We launched LEL Connecting, a community designed for sharing expertise with young professionals and startup fans interested in VC/tech fields and founders seeking resources and opportunities.

We’ve hosted 6 online events with speakers from top VC firms, growth-stage startups, and law firms who shared their insights over a span of topics — fundraising and growth, daily operations, team management, etc.

LEL's Team

We’ve grown our mentor network...

They have hands-on experience in product development, marketing, IP and patent, and fundraising.

Also, we’ve officially onboarded two team members with expertise in machine learning, venture capital, biomedicine, education, digital marketing, SEO, and international promotion.

Check out our team here. 
Startup Pitch Competition

To support and connect outstanding startups worldwide, we launched a global pitch competition – Supernova 2020 – in collaboration with LiangCang, an Alibaba-affiliated startup accelerator. Overall, we screened 1,000+ applications through inbound and outbound channels.

Supernova 2020’s online pitch sessions attracted a total of 20k+ viewers online views from China and the USA, with participants from leading VC firms in both countries.

On June 24, we moved the stage back to America and hosted an online session featuring 12 startups and 8 VC judges from Mucker Capital, The Venture Collective (TVC), One Way Ventures, Story Ventures, BAJ Accelerator & New York Angels, Alumni Ventures Group, Connecticut Innovations, and TSVC.

Marketing and Branding

To reflect our mission of empowering founders globally, we introduced a new brand book with a red-pink and blue color scheme. This palette highlights our trustworthiness and active role in supporting entrepreneurs with a diverse background.

Apart from that, we launched a new website to spotlight our ongoing programs and news as well as produced a brand video featuring founders and their projects.

Best regards,
Lair East Labs team
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Lair East Labs · 900 Third Avenue, 29th Floor · New York, NY 10022 · USA