Nucleate is dedicated to fostering the development of early-career academics, guiding them to transform their research into real-world contributions in the global biotech sector. The Activator is the catalyst, providing the skills and resources needed to turn groundbreaking ideas into trailblazing life science ventures addressing human (Bio track) and planetary (Eco track) health. The Activator program has enrolled over 600 teams, who have raised more than $570M USD and created over 800 jobs in the past 7 years.This report aims to showcase this growth and all the amazing work the organization has done within in the past program year for the external community to see.

The methodology of this report draws on a comprehensive set of sources, including internal data from chapter leadership and alumni — covering deal metrics, surveys, engagement records, and narrative team reports — as well as public databases. The curated key metrics, outlined above, reflect the August 2024–July 2025 program cycle. Together, these inputs provide a robust, data-driven view of Nucleate’s reach and performance against key KPIs. We are proud to share this report as a testament to Nucleate’s impact and as a springboard for exploring exciting opportunities ahead.

1. Nucleate Overview
2. Highlights of the Year
3. People of Nucleate
4. Support