Table 1 Six factors to achieve biotech heaven
From: Six secrets to success—how to build a sustainable biotech business
Factor | Strategy |
|---|---|
Management | Build a team that shares an ambitious common vision, intellectual honesty and an entrepreneurial culture in which the driving founders have a long-term commitment |
Ability to adapt | Stick to your vision, but be prepared for your original business plan to change |
Timing | Where is the market going to be in seven years' time? You should know the answer |
Location | Choose somewhere accessible that will raise your equity value |
Cash | Attract venture capitalists from day one |
Science | Make sure your science is world class, but remember: science alone does not make a successful company |
