We Help Build Successful Biotechnology Companies by Integrating Business Strategy with Innovative Science
We solve the challenging problems that arise when building a company that integrates science, business, and biology. We generate innovative solutions to stimulate growth, accelerate product development, and improve financing opportunities for early and development-stage biotech companies.
What makes our approach unique?
At BioSource, we leverage over 35 years of practical scientific and business experience cofounding and building a multitude of biotech companies. Some of our most critical lessons were learned during times of crisis, financial constraints, resource limitations, and technical and regulatory challenges. Our overarching approach is to define the strategy before any tactical execution. Then we align all multi-disciplined activities towards these strategic goals while attaching targeted and measurable objectives coupled to a series of financing strategies. We then incorporate parallel financing strategies as one cannot predict from where aligned financial resources will arise. This is because the loss of time and lack of financial resources impede product development progress and simultaneously affects all other aspects of the business.
Biotechnology companies are birthed from the successful integration of two distinctly different disciplines—novel science and proven business strategy. The ability to conduct ground-breaking scientific research is an essential differentiating factor for launching a biotech company. However, there is a vast difference between managing a scientific project and building a company that successfully develops and commercializes a biotechnology product sought after by the market.
The intertwined disciplines of science and business generate challenges and create unique struggles that often result in road blocks due to scientific decisions that impact the business and vice versa. The journey for a biotechnology company can be filled with unanticipated obstacles when you include the daily requirement to make practical, strategic, business and financial decisions (which is not a typical skillset most scientists possess).
It’s not that these impediments cannot be overcome, it is the lost time and diverted resources utilized to figure them out through trial-and-error along the way. Time, money and resources are limited commodities for nascent biotechnology companies and the options are few when you run out of both. A good analogy for this is a team feverishly working to build an aircraft while it is taxiing down the runway. They work zealously to build it before they run out of runway room.
BioSource provides and equips biotechnology leadership teams with the practical and experiential knowledge, along with some sage words of advice, to effectively accelerate their product-development and business success.
The Purpose of this Website
This website was created with the follow 3 objectives:
Advisory and consulting services at all stages of company development, including investor pitch deck assistance for start up to publicly traded companies. Strategic consulting to regional municipalities who want to stimulate growth of a biotechnology hub in their locale
Bioblogs, resource links, books, and learning videos to assist and support biotech leaders and entrepreneurs at various stages of their development from ideation, product development, fundraising, regulatory approval, and commercialization to exit.
Aids for instructors teaching biotechnology entrepreneurship and management courses to undergraduates, graduates, post-graduates, and industry professionals
1. Assist, Educate and Support
2. Consulting Support for Entrepreneurs
3. Instructor & Educational Resources
4. Strategic Consulting Services
Biotechnology Entrepreneurship explains the biotech business components and underlying strategies, interspersed with practical lessons from successful biotech entrepreneurs, educators, and experienced practitioners. These veteran contributors share their insights on how to be successful in this challenging but exciting industry. Subjects range from technology licensing and translating an idea into a viable business, forming your legal company entity, securing angel and venture capital, navigating product development, FDA regulatory approval, and biomanufacturing.
This book is a user-friendly guide to decision-making and overall strategy written as a hands-on management tool for leaders and managers of these dynamic biotechnology ventures. If you are contemplating starting a biotech company, are a manager at any level, a seasoned veteran, or service provider in the biotech industry. Read more
The Business of Bioscience
The Business of Bioscience is a serial entrepreneur’s recounting of lessons learned and advice for future and current entrepreneurs in growing a successful biotechnology company. It contains practical business and operational advice explaining issues one faces when starting and working in this industry.
From the Bioblog
Flawed Capital Management: Fundraising is not Strategically Timed to a value-enhancing milestone An unintentional but common mistake of an entrepreneur is that their capital raises
This is the fourth in a series of seven common entrepreneurial mistakes, and how to fix them. Although the context will be biotech entrepreneurs, these