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BioStartup Advice

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Starting a Life Science Business

What to do first?

  1. Make sure there is a true market need
  2. Decide who will be founders and key personnel
  3. Obtain a good lawyer
  4. Consider incorporating once you have investors interested
  5. Develop a business plan and marketing strategy
  6. Operate virtually at first to reduce costs
  7. 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.

 


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This project is funded by National Institute of General Medical Sciences (Grants 1R43 GM131458-01 & 2R GM131458-02)


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