How to start a biotech company.
Bottom Line: Of note, many of these hubs flourish in close proximity to research universities.If universities are the engine for discovery, then startups are the vehicle for innovation.The creativity and drive of young researchers has the potential to explore novel or underserved applications and revolutionize industries.
Affiliation: California Institute of Quantitative Biosciences (QB3), San Francisco, CA 94158-2330 email@example.com.Show MeSH
Mentions: With the current exuberant energy surrounding biotech entrepreneurship, it is hard to believe that the industry is close to 50 years old. Much has changed since Herb Boyer, a professor at the University of California, San Francisco (UCSF), and Bob Swanson, a young entrepreneur and aspiring venture capitalist, started Genentech in 1976, giving rise to the entire biotechnology industry. Back then, spinning out a company was limited to faculty members or experienced biotechnology professionals. Today, the democratization of life science entrepreneurship is allowing graduate students and postdocs to apply their scientific expertise toward the commercialization of newly developed technologies. Much like the path of a PhD project, the life of a science startup is not straightforward, but there are some common milestones from birth to growth and success (Figure 1).
Affiliation: California Institute of Quantitative Biosciences (QB3), San Francisco, CA 94158-2330 firstname.lastname@example.org.