Bio Entrepreneurship

Bioentrepreneurship
The flow of innovations from

Academia to Industry
Entrepreuner
• The word derives from the French "entre" (to enter) and "prendre"
(to take), and in a general sense applies to any person starting a new
project or trying a new opportunity.
• An entrepreneur is a person who starts an enterprise. An
entrepreneur is someone who perceives opportunity, organises
resources needed for exploiting that opportunity and exploits it.
• An entrepreneur is an individual who accepts financial risks and
undertakes new financial ventures.
The Need- Innovation to Commercialization
Innovate Ignite
Incubate
Incubat
e
Entrepreneurship Development
• Bioentrepreneurship is the process of creating value from life science
innovation.
• It is referred to by several names including bioscience entrepreneurship, life
science entrepreneurship or bioscience enterprise.
• Therefore, bioentrepreneurship encloses an understanding of an idea, invents
something, brings about the sum of all activities to create an environment and
infrastructure for well-trained professionals to build research-based projects
and their commercialization.
• "three pillars" of bioentrepreneurship:
• a quality management team,
• adequate financing, and
• access to new technology that leads to products.
• While establishing these pillars to support your company is difficult, maintaining
them over time is an even bigger challenge.
• In simple words, entrepreneurship is the process of launching any new
business based on an innovative idea. On the other hand,
bioentrepreneurship is the process that is started in the field of science (i.e.,
biotechnology).
• Nowadays, bio-industrialization is the key to being a modern and developed
country, and this is the only reason bioentrepreneurs are highly in demand.
Easy to start
Challenging to grow
Self discovery
Identifying
opportunities
Generating and
evaluating ideas
Planning
Raising Capital
Start up
Growth
Harvest
Copyright @ BIRAC 2013
• Bio entrepreneurs as individuals seem to sit at the highest end of the educational
spectrum. The vast majority of biotechnology businesses are started up by holders
of science degrees, MBAs, PhDs and various other tertiary qualifications.
• Their ages tend to be much older at the initiation stage of the enterprise as
compared with the traditional entrepreneurs. This is mainly due to the length of
time spent in university, as well as the time required to develop the idea into a
viable product.
• The challenges of financing from venture capitalists prove to be a constant
struggle for the bio entrepreneur. Similarly, risk-taking comes from dealing with
the uncertainties of R&D, a rapidly evolving marketplace and the nebulous field of
intellectual property.
• Bioentrepreneurs use uncontrolled, scarce resources: Bioentrepreneurs use
resources that are difficult to find and frequently have to bootstrap and scrap
together technology, people, power, money, and other resources to move their
ideas forward.
BIRAC Initiative
• Supporting Public Private Partnership in Biotechnology
research
• Fostering Innovation & Research in Biotechnology
• Promoting Entrepreneur Education & Learning
• Empowering & Mentoring
• Innovators Awards for successful entrepreneurs
• Growth through Regional Partnerships
• International Collaborations
BioNEST Bio incubator
• BioNEST bio incubator is the best place for new entrepreneurs and
researchers who have an innovative idea for a product that can be
used by society.
• Biotech entrepreneurs convert their ideas into business opportunities.
• Provides an office area for researchers and they can get the latest
equipment for their research work which helps the new entrepreneur
in developing new products.
• Boost new start-ups' ideas based on biotech products and support
new small start-ups to achieve their goal in terms of
product quality.
Traits of an entrepreneur
• Strong leadership qualities.
• Highly self-motivated.
• Strong sense of basic ethics and integrity.
• Willingness to fail.
• Serial innovators.
• Know what you don't know.
• Competitive spirit.
• Be passionate.
• Understand the value of a strong peer network.
• Have confidence and a strong belief in yourself.
• Be able to inspire those around you.

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Bioentrepreneurship

The flow of innovations from

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