Archive by category | Entrepreneurship

The “Electric-Biology” duo

The “Electric-Biology” duo

Two old pals, once classmates at Minami-Oei Primary School in Osaka city of Japan, never would have dreamt that they will jointly work to develop a commercially successful disinfectant six decades later. One of them, Sunao Kubota, became a physician and professor of General Surgery in St. Marianna University School of Medicine, and the second, Nobuyuki Yamaji, became an electro physicist with Kyoto University.  Read more

Registering a company in Malaysia

Registering a company in Malaysia

My last post discussed the biotech landscape in Malaysia. Now I want to talk about setting up a company there. Malaysians can register sole proprietorship firms and co-operatives, partnership firms, private limited and public limited companies with the Companies Commission of Malaysia (CCM). However, foreigners cannot set up sole proprietorship or partnerships in Malaysia, unless they have permanent residency (PR) or have availed citizenship under the “Malaysia My Second Home” (MM2H) program.  Read more

Engineering a path from science to business

Engineering a path from science to business

The folks at Nature Biotechnology asked us authors for a description of how we’ve navigated our careers from bench to business. My story is still a work in progress, but as a recent Ph.D. I do have some lessons for how you can prepare yourself for a career beyond research. First here’s a brief bio to give insight into my perspectives and biases.  Read more

Biotech in Malaysia

Biotech in Malaysia

Malaysia is located in Southeast Asia with two distinct regions, namely Peninsular west Malaysia and East Malaysia. It has a population of approximately 28 million, and is famous for elegant and gigantic “PETRONAS Twin Towers” located in the heart of Kuala Lumpur (pictured above, at night).  Read more

Key strategic choices – ‘when’ to plug into the value chain

Key strategic choices – ‘when’ to plug into the value chain

Companies must make many strategic decisions in developing a business model. My last post looked at key strategic choices about ‘what’ a company could develop, and it considered trade-offs and implications of decisions that greatly impact the risks, costs and rewards of drug development. This post looks at another important element of the business model – ‘when’ a company should plan to plug into the value chain and earn a return for its investors.  Read more

Retail biology

Retail biology

The recent sad news about Steve Jobs got me thinking about the evolution of markets. In the early years of “information and communication technologies” (ICT) there was an obvious focus on the mainstays. People like Jobs and Bill Gates focused on the hardware and software that would ultimately drive the nascent industry.  Read more

Key strategic choices – ‘what’ to develop

Key strategic choices – ‘what’ to develop

As I discussed in my last post, the key strategic issues facing biotech start-ups are capital constraint, regulatory burden and the need for complementary assets and credibility. Together, with project specific factors such as market opportunity and competition, they shape decisions about what, when, and how a firm plugs into the value chain. These decisions are captured in the firm’s business model. Over my next few posts I am going to explore the implications and trade-offs that surround each of these strategic decisions, beginning with what.  Read more

Leaving the bench: How life sciences grads can enter the business world

One aspect of my role here at MaRS is that I get many requests from graduate life sciences students who wish to make the leap into the business world. Having done so myself (albeit many moons ago) it is a pleasure to be of help.  Read more