Written by Chris Code
“The way we’re really going to grow the economy is to invest in people, to invest in innovation, to have the federal government put money in the kind of research that will create the new high-technology, biotechnology industries that will create the millions of new jobs.”
Author: Joe Lieberman
This is how REBBLS feels about biotech and medtech. Recently, we ran the Venture Cup Workshop where three teams: DEMKIP, SoundSense and Excigen Therapeutics that participated qualified in the Venture Cup Idea Competition Finals. And last Friday SoundSense (awesome!) won their category in Product & Technology for their biofilter that will help people get the full acoustic experience of their favorite music without damaging their hearing over time.
So REBBLS was thinking about how to build biotech or medtech companies from this stage.
Here are some questions to ponder:
So where can these teams and other teams go from here?
Or if you have a cool idea in biotech what can you do with it?
What are the steps and how can you use REBBLS Network to achieve those steps?
My team from a pharmaceutical Company just got laid off. We have an awesome idea what should we do?
One major factor in starting is figuring out where to start and what you might be missing. You might already have a product but don’t have money, you might have team but don’t have an idea, or you might not know any mentors that can get you to the next step.
See diagram for some simple steps on how to turn your biotech/medtech idea into a potentially billion dollar company.
A standpoint on innovation and business building in India
Authored by Sachin Chalapati & Nimesh Chandra P
Back in 1981, when India was a country of Snake charmers and beggars to the west, six programmers quit their jobs and set out on a quest to conquer the software industry. Mind you, this was the time when it took a year to get a telephone connection and three years to obtain license for importing a computer in India. With slow bureaucracy and no access to basic technology, the 80’s was by no means conducive for a business-friendly environment. So, how did Infosys, launched on a mere 250 dollars capital, turn into generating 8 billion dollars in 2013?