About Time To Start a Biotech Business in Singapore? Money No Enough? (I Not Stupid?) (PIMPS; GIRLS) (PAP)
Biotech Stock out perform market 2x Record No of Biotech IPOs globally Major Biotech Companies have huge cash piles and have announced intention to acquire Pharma Companies are doing the same.. Increase R&D budgets in many countries.. About Time to jump into the Biz?
So What are the CHALLENGES of starting Biotech Company in Singapore??
PIMPS not enough?? One who make use of others valued assets to make a $$$.. By this definition pimps will include Investment Bankers, Financial Planners, Venture Capitalists as well..
Pimps People with $$$$$$, Experience and Risk Appetite
PIMPS NUS ENTERPRISE ETPL Innovations Intellectual Properties TTOs NTU Investment Policies
PIMPS Money & Market
Money No Enough?
SPRING Seed/TECS/BSA NRF TIS EDB Bio1 Capital Temasek Life Science Ventures Vertex Venture Management ETPL Dx Centre Private Angels VCs Corporate Investors
Favourable Market Conditions Global Markets for biotech products and services are growing High growth in Molecular Diagnostics and companion diagnostic areas Huge growth in Next Generation Sequencing and Epigenetic research and Dx markets
PIMPS People with relevant Experience Passionate People People with commitments In Very Short Supply In Singapore
PIMPS Singapore small Singapore Biotechnology Market is too small for enterprise development
Singapore Biotech Market Singapore has one listed Biotech Company BIOSENSOR Maker of drug coated stents More than40 local biotech companies with Innovative products/services Bio1Capital invested biotech companies excluded
Singapore Biotech Companies HealthSTATS Miropoint Technologies InnoHeart
Star Array SAbio BioLynx Technologies
Flugen Double Helix Tracking Areteon Capere Surgical System Aprimar Medical AIT Tech
PhoenixDx Rhapsody Biologics CEll id
How to start and run a successful Biotech Business? What are the key ingredients??
You need GIRLS & PAP
G I R L S Gaps (Demand/Value Gap) Intellectual Properties (that will give you an competitive edge) Resources & Research Love (Passion) that Last (Longevity) Structure & System
You need PAP
People A nd People
AITbiotech Recent Hires Dr Eric Wilkinson From US Technology Consultant Over 30 years experience in biotechnology as a scientist and senior executive. Founded or co founded 5 biotech companies including successful IPO s and other transactions. Chief Executive, President, or Vice President of companies including Synthetic Genetics, DNA Sciences, Genetic Vectors, XL TechGroup, DxTech Research positions include IDEC Pharmaceuticals, Cleveland Clinic Foundation, Department of Transplantation, Norwegian Institute of Public Health, Juvenile Diabetes Study, Chemicon, Orchid Diagnostics.
AITbiotech Recent Hires Dr David Klinzing From US Deputy Dir Tech Scientist Consultant Tahoe Research Initiative January 2012 September 2013 (1 year 9 months)quezon City Philippines Global biosurveillance and public health organization. Scientist Consultant St Luke's Medical Center January 2011 September 2013 (2 years 9 months) Principal investigator on infectious disease surveillance and genomics projects in the Philippines. Research Fellow in Medicine Harvard Medical School September 2004 June 2009 (4 years 10 months) Senior Associate Shaws Lawson Associates 1997 2004 (7 years)
Commercialisation Helps SPRING Private Service Translator
About AITbiotech CE Sequencing Next Gen Sequencings Bioinformatics Solutions NGS Data Management &Hosting Molecular Diagnostic Assays (infectious diseases) Next Generation Seq Cancer Diagnostic Panels Oligos Synthesis Distribution
About AITbiotech Started in 2008 About 45 staff now (4 PhDs, 8 Msc, 15 Biotech Grads and 15 Biotech Dips) Products and Services sold in more than 12 countries Distributor in these countries Setting up regional office
Why start a biotech biz?? $$$$? Passion about Science? Save the world?? Ego? Nothing better to do??
PS: Million $$$ has zero value if you do not have health and health has no value if you do not have loved ones. So stay healthy and be in loved/be loved which needs TIME ) In the end it is ABOUT TIME!!!
Thank You Happy Chinese New Year & Have an exciting 2014!