Primer On Entrepreneurship In The Life Sciences

Building The Idea

1. IP Alternatives
2. Market Analysis
3. Development Routes 

Funding Alternatives

1. The Three Fs
2. Angels
3. Venture Capital
4. Banks
5. Grants
6. Joint Ventures

The Business Plan

1. One Page Executive Summary
2. Two Page Business Overview
3. Ten Page Detailed Review Document
4. The Real Thing

Establishing IP

1. US Patents
2. European Patents
3. Japan
4. ROW  

Staffing

1. Transferring Academic Lab Personnel
2. Founder's Role 
3. Using Your Investors
4. Giving Up Control 
5. Outsourcing
6. Virtual Companies
7. Establishing Process Quality Control

Setting Milestones

1. R&D Goals
2. First Business Development Agreement
3. Market Analysis
4. IP Portfolio
5. Regulatory Goals
6. Financing Routes

Exit Strategies

1. IPO
2. Merger 
3. Reverse Mergers
4. Acquisition
5. Royalty Agreements
6. Joint Ventures and Spin Offs