Starting a Life Science Business
What to do first?
- Make sure there is a true market need
- Decide who will be founders and key personnel
- Obtain a good lawyer
- Consider incorporating once you have investors interested
- Develop a business plan and marketing strategy
- Operate virtually at first to reduce costs
- Raise seed funding and develop the technology through milestones
From: What to Do First? 7 Steps to Starting a Biotechnology Company – Biosource Consulting Group, 2014.