We hope that Steps to a Startup enriches your career and understanding of how to start small businesses in the life sciences.
Summary Materials
Review or download materials from Steps to a Startup, including Key Point PDFs, “Read More” links, and External Resources
Section 1: Explore Motives & Skills Needed
Key Points, References, and Tips from Section 1 (PDF for review or download)
“Read More” Links from Section 1
Additional readings and resources from biostartupadvice.com:
Motivations for Starting a Business
Reasons to Consider Life Science Entrepreneurship
Life Impact of Starting a Business
Tackling Financial Risk
Business Success Stories from Women Life Scientists
Skills Needed to Start a Business
Evaluate Your Business Skills
How Mentors Can Help Biotech Entrepreneurs
Entrepreneur Financial Skills and Resources
External resources from Section 1
Life Impact
2022’s Fiercest Women in Life Sciences. Fierce Pharma
Section 2: Develop a Business Plan
Key Points, References, Tips from Section 2 (PDF for review or download)
“Read More” Links from Section 2
Additional readings and resources from biostartupadvice.com:
Business & Product or Service Descriptions
Writing a Business Plan
Business and Management Structure
Roles You Can Play in the Business
Board of Directors
Select a Business Structure
Seek Professional Assistance
Cofounders, Partners, and Founding Team
Market Research
Intellectual Property FAQs
Business Name, Tax IDs, and Insurance
Financial Analysis and Projections
Market Research Before Starting a Business
Seed Funding
Entrepreneur Financial Skills and Resources
Venture Capital and Other Funding
Intro to SBIR/STTR
Product or Service Development and Marketing Plan
Financial Planning
External resources from Section 2
Market Research
Seed Funding—Part 1: Overview & Initiating Grant Proposals
Seed Funding—Part 2: Writing and Submitting Grant Proposals
- NIH SEED Website
- NIH SEED How to Apply
- NSF America’s Seed Fund
- eRA Commons
- Research.gov
- NIA Proposal and Summary Statement Examples
Venture Capital & Other Funding
Section 3: Set Up Your Business
Key Points, References, Tips from Section 3 (PDF for review or download)
“Read More” Links from Section 3
Additional readings and resources from biostartupadvice.com:
Establish the Business
Types of IP and Their Protection
Business Name, Tax IDs, and Insurance
Registrations Required for Government Funding
Registrations for Your Business
Biotech/Biomed Industry Unique Requirements
Planning Your Research Environment
Industry-Specific Requirements, Licenses, and Permits
Pitching Your Business
Pitch Resources
What to Include in Your Pitch
External resources from Section 3
What’s Next?
Try another simulation on Biostartupadvice.com:
Role-play a day in the life of a woman scientist who explores starting a business by talking to colleagues at work and at a networking event.
What comes next after starting a business? Learn about later stages of starting a business:
Review this List of external resources that describe the stages of starting a business, from starting stages to established, mature product stages.
