From Academia to Entrepreneur

Preface

About Entrepreneurs

About Biomedical Enterprises

About Academia’s Relevance to Biomed and Enterprise

From Academia to Entrepreneur

Why this Book?

References

Acknowledgments

About the Author

Chapter 1. Entrepreneuring Academic Biomedical Science

1.1 The Biomedical Buzz and its Economic Potential

1.2 A Piece of the Action

1.3 Singapore’s Biomedical Endeavor

1.4 Advantage Asia?

1.5 The Biomedical Industry in Transition

1.6 Confronting Some Commonly Held Beliefs

1.7 The Academic Dilemma

1.8 The Regulatory Imperative

1.9 Biomed Businesses

1.10 Enter the Biomed Runway Entrepreneur

References

Chapter 2. The Academic–Business Conundrum

2.1 Where the Science is Created

2.2 Life in Academia

2.3 Exacerbations to the Biomed Research-Enterprise Agenda

2.4 The Real World’s View of “Ivory Tower” Tenants

2.5 Business-Nizing Academic Research

2.6 Products from Biomedical Research: Serendipity or Planned Outcome?

2.7 Team Event

2.8 Relevance to the Research Agenda

2.9 Incentivize to Business-Nize

2.10 Myths and Misconceptions to Note when Traversing from Academia to Business

2.11 From Academia to the Real World

Chapter 3. Taking Academic Biomedical Research Beyond the Lab Bench

3.1 From the Patient to the Lab Bench

3.2 Medical Intervention: Science and Technology’s Role

3.3 From the Lab Bench Back to the Patient

3.4 At the Academic Lab Bench

3.5 IP and Licensing

3.6 Proof of Concept

3.7 INTO the Real World

3.8 Time to Market

3.9 Turning Point

References

Chapter 4. To Become a Runway Entrepreneur from Academia

4.1 A Path Few Choose

4.2 The Brass Story: Beginner’s Providence

4.3 Integrated Platform Technologies Inc.: Setbacks Happen

4.4 Anatomic Replacement Materials Private Limited: Refining the Format

4.5 Venturing Forward

4.6 The Ideal Biomedical Participant Prerequisite

4.7 To Know if you Should Start

4.8 “Finals”

4.9 Three Steps from Obscurity to Notoriety

4.10 Welcome to your New Job Title: the Supreme Field Commander

References

Chapter 5. What is the Business?

5.1 So You’ve Got an Idea for a Business!

5.2 The Opportunity of a Lifetime?

5.3 Getting to the Starting Line

5.4 Do You Have a Viable Business?

5.5 Revenue Fundamentals

5.6 Pricing

5.7 What Does the Business Cost to Set up?

5.8 What Will the Business be Worth?

5.9 Have you Thought Through Your Exit Plan?

References

Chapter 6. Business Plan

6.1 The Perfect Business Plan

6.2 Executive Summary (Execsum)

6.3 Vision and Mission

6.4 Introduction and Background

6.5 Business Overview

6.6 Market Analysis

6.7 SWOT

6.8 Organizational Structure

6.9 Services and Support Plan

6.10 Financial Plan

6.11 Sources and Application of Fund

Reference

Chapter 7. Raising Funds

7.1 The Bottom Line is About Money

7.2 How Much Do You Really Need to Get Going?

7.3 Funding Fundamentals

7.4 Recruiting Investors

7.5 Beg, Borrow and Pray

7.6 Advocates, Evangelists and Well-Wishers

7.7 About Banks and Government Schemes

7.8 Bootstrapping: a Double-Edged Sword

7.9 It Will Never be Never Enough!

Reference

Chapter 8. About Meeting Regulatory Requirements

8.1 Implied, Expected, Delivered

8.2 Getting to Know Regulatory Requirements

8.3 About Quality Systems

8.4 The Use of Science-Based Studies

References

Chapter 9. About Consultants

9.1 About Consulting

9.2 They are Out There

9.3 Before You Find a Consultant

9.4 Selecting Your Consultant

9.5 Expectations of Your Consultant

9.6 Managing Your Consultant

Reference

Chapter 10. Action Plan

10.1 Checkpoint #1: Prepare

10.2 Plan to Achieve 100% – Establishing Milestones

10.3 Execute to Achieve at Least 50% – Financial Plan

10.4 Staffing

10.5 Place of Operations

10.6 Final Instructions

Chapter 11. When the Rubber Hits the Road

11.1 Checkpoint #2: Execution

11.2 Sand Through the Hourglass

11.3 Operations

11.4 Cash Flow is King

11.5 Managing HR Assets

11.6 Handling Vendors and Sub-contractors

11.7 Establishing Enterprise Credibility

11.8 Managing Expectations

11.9 Board of Directors and Scientific Advisory Board: A Revisit

11.10 Towards Success

Reference

Chapter 12. A Few Additional Lessons from the Battle Front

12.1 Situational Assessment

12.2 Character

12.3 BS and Saving Face

12.4 Rose

12.5 The Kiss Principle

12.6 Credentials

12.7 Daylighting

12.8 Balancing Act

12.9 Read, Customize and Apply

12.10 Rock and Roll Inspiration

12.11 Epitaph or Glory?

References

Chapter 13. Arrival

13.1 Checkpoint #3: Facing Reality

13.2 From Start-up to Profit and Beyond

13.3 Rewards and Accolades

13.4 Achievements

13.5 Look After Your Shareholders

13.6 Monuments and Corporate Citizenship

13.7 View from Above: Looking back, Going Forward

13.8 Moving on

13.9 Gone Fishing

References

Index