This operations manual offers an accessible, step-by-step guide to
launching, running, and achieving success with a life science and
biotechnology business incubator. Written by the founder and President
Emeritus of the Pennsylvania Biotechnology Center (PABC), one of the
most successful biotech and drug discovery incubators in the United
States, it is designed to introduce researchers and funders to the
broad considerations and minute details of managing an incubation
program. As of 2023, there are more than 1100 business incubators in
the United States alone, and more than 5000 worldwide. One of the
fastest-growing industries of the "new economy," science business
incubators are a tool for regional economic stimulation and commercial
development for universities and research organizations. The PABC was
founded in 2006 as a state-of-the-art research facility; its purpose
and operation is unusual and its success has been remarkable. It was
created by the nonprofit Hepatitis BFoundation and its research arm,
the Baruch S. Blumberg Institute, to help their effort to find a cure
for hepatitis B. But it has proved to be more than a source of funding
for those nonprofits – it has become a major economic driver for its
region and Pennsylvania, creating thousands of jobs and bringing in
billions of dollars to the local economy. The PABC’s model has drawn
attention from economists, legislators, and the research community.
The strategy of bringing nonprofit research organizations and biotech
startups under one roof was a founding principle, and has created
powerful, lasting collaborations between scientific innovators,
entrepreneurs and investors. The partnerships forged at the PABC have
led to the discovery, testing, and FDA approval of new drugs for
cancer and gastrointestinal diseases and medical devices, as well as
multiple multimillion-dollar IPOs, and thousands of jobs. There are
currently more than 50 startups housed in the Center's offices,
ranging in focusfrom pharmaceuticals and diagnostics, to medical
wearables and nanomedicine research. Curing Disease from the Ground
Up: How to Operate a Biotechnology Business Incubator tells both a
personal story about the ups and downs of leveraging a business
incubator to fund and find a cure for a deadly disease, as well as
providing a practical guide to running a business incubator. It is a
first-hand, expert perspective for running a science business
incubator, and explains how the success of the PABC can be learned and
replicated. Whether it is developing a mission-focused framework, the
practicalities of managing a scalable, business-savvy research
nonprofit, identifying ideal tenant partners, or planning for the
infrastructure needs of a large research facility, this manual is the
first and last stop for entrepreneurial thinkers in this field.
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How to Operate a Biotechnology Business Incubator
Produktdetaljer
ISBN
9783031561481
Publisert
2024
Utgiver
Vendor
Springer
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter