Started in 2007, PROPEL helps guide the development of formation-stage and early-stage life sciences companies by providing entrepreneurs with access to specialized resources and expertise to prepare them for early-stage funding. PROPEL has awarded >$1.2 million in grants and awards since 2007. This has had a strong leverage effect: for each $1 awarded, PROPEL portfolio companies raised $214 in new funding. Industry initially led the development of PROPEL through generous support from Abbott and AbbVie, Astellas Pharma US, Inc., Baxter International Inc. and Takeda Pharmaceuticals North America. Today, PROPEL has strong support from the broad life sciences community encompassing the three pillars of financial support: corporate/industry; private foundations; and public/government. In the last several years, funding sources include: iBIO, corporate partners (listed above), grants from the Searle Funds of The Chicago Community Trust, US Small Business Administration, the City of Chicago and Illinois DCEO.
Propel's core mission is centered around revolutionizing the way businesses manage their product lifecycle and collaborate on product development. By providing a unified, cloud-based platform, Propel aims to empower organizations to seamlessly bring innovative products to market faster and more efficiently. Their commitment to fostering a culture of transparency and collaboration enables Propel to deliver cutting-edge solutions that drive growth and success for companies in the tech industry.
- An immediate opportunity to improve the daily experience of poverty in the United States for millions of families
- A get-stuff-done, fun, and caring culture
- A culture that deeply values design in all its forms
- A remote-first work environment with a dog-friendly office in Downtown Brooklyn and satellite offices in San Francisco and Salt Lake City
- Fair and equitable compensation, with a salary range of $240,000 - $275,000, a strong equity package, and excellent benefits
- Innovation: Propel is dedicated to pushing boundaries and exploring new ideas, encouraging employees to think outside the box and drive innovation in the tech industry.
- Collaboration: Collaboration is key to Propel's success, fostering a supportive and inclusive environment where teamwork and communication are highly valued.
- Customer focus: Propel is committed to delivering exceptional customer experiences, prioritizing customer needs and feedback in all aspects of the business.
- Continuous improvement: Propel is always striving to improve and evolve, embracing a growth mindset and encouraging employees to learn and develop their skills.