From Academia to Entrepreneur

From Academia to Entrepreneur

Lessons from the Real World

1st Edition - October 18, 2013

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  • Author: E. Khor
  • Paperback ISBN: 9780124105164
  • eBook ISBN: 9780124167179

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Description

From Academia to Entrepreneur: Lessons from the Real World provides practical advice on entrepreneurship, interspersed with insights the author gained from starting up his own business and in associations with other ventures. These same insights can be applied to bringing a technology concept from academia to an enterprise. A few of the questions From Academia to Entrepreneur: Lessons from the Real World answers: How do I pragmatically appraise business opportunities? What traits should I look for in an enterprise? What can and should I do with my concept while in academia, before entering such an endeavor? How do I overcome risk aversion? And most importantly, why should I be the one to build this business?

Key Features

  • Provides insights into using academic research as a potential business, meeting the challenges and opportunities in today's academic research environment
  • Offers practical ideas on entrepreneurship
  • Describes how to take a company to financial profit and maintain it
  • Emphasizes the pragmatic details to work through, equipping you with the correct set of tools to build your business

Readership

Clinicians, engineers and scientists in academia, business, or government pursuing biomedical and associated research pondering turning their knowledge, results and experience into starting an enterprise

Table of Contents

  • Preface

    About Entrepreneurs

    About Biomedical Enterprises

    About Academia’s Relevance to Biomed and Enterprise

    From Academia to Entrepreneur

    Why this Book?

    References

    Acknowledgments

    About the Author

    Chapter 1. Entrepreneuring Academic Biomedical Science

    1.1 The Biomedical Buzz and its Economic Potential

    1.2 A Piece of the Action

    1.3 Singapore’s Biomedical Endeavor

    1.4 Advantage Asia?

    1.5 The Biomedical Industry in Transition

    1.6 Confronting Some Commonly Held Beliefs

    1.7 The Academic Dilemma

    1.8 The Regulatory Imperative

    1.9 Biomed Businesses

    1.10 Enter the Biomed Runway Entrepreneur

    References

    Chapter 2. The Academic–Business Conundrum

    2.1 Where the Science is Created

    2.2 Life in Academia

    2.3 Exacerbations to the Biomed Research-Enterprise Agenda

    2.4 The Real World’s View of “Ivory Tower” Tenants

    2.5 Business-Nizing Academic Research

    2.6 Products from Biomedical Research: Serendipity or Planned Outcome?

    2.7 Team Event

    2.8 Relevance to the Research Agenda

    2.9 Incentivize to Business-Nize

    2.10 Myths and Misconceptions to Note when Traversing from Academia to Business

    2.11 From Academia to the Real World

    Chapter 3. Taking Academic Biomedical Research Beyond the Lab Bench

    3.1 From the Patient to the Lab Bench

    3.2 Medical Intervention: Science and Technology’s Role

    3.3 From the Lab Bench Back to the Patient

    3.4 At the Academic Lab Bench

    3.5 IP and Licensing

    3.6 Proof of Concept

    3.7 INTO the Real World

    3.8 Time to Market

    3.9 Turning Point

    References

    Chapter 4. To Become a Runway Entrepreneur from Academia

    4.1 A Path Few Choose

    4.2 The Brass Story: Beginner’s Providence

    4.3 Integrated Platform Technologies Inc.: Setbacks Happen

    4.4 Anatomic Replacement Materials Private Limited: Refining the Format

    4.5 Venturing Forward

    4.6 The Ideal Biomedical Participant Prerequisite

    4.7 To Know if you Should Start

    4.8 “Finals”

    4.9 Three Steps from Obscurity to Notoriety

    4.10 Welcome to your New Job Title: the Supreme Field Commander

    References

    Chapter 5. What is the Business?

    5.1 So You’ve Got an Idea for a Business!

    5.2 The Opportunity of a Lifetime?

    5.3 Getting to the Starting Line

    5.4 Do You Have a Viable Business?

    5.5 Revenue Fundamentals

    5.6 Pricing

    5.7 What Does the Business Cost to Set up?

    5.8 What Will the Business be Worth?

    5.9 Have you Thought Through Your Exit Plan?

    References

    Chapter 6. Business Plan

    6.1 The Perfect Business Plan

    6.2 Executive Summary (Execsum)

    6.3 Vision and Mission

    6.4 Introduction and Background

    6.5 Business Overview

    6.6 Market Analysis

    6.7 SWOT

    6.8 Organizational Structure

    6.9 Services and Support Plan

    6.10 Financial Plan

    6.11 Sources and Application of Fund

    Reference

    Chapter 7. Raising Funds

    7.1 The Bottom Line is About Money

    7.2 How Much Do You Really Need to Get Going?

    7.3 Funding Fundamentals

    7.4 Recruiting Investors

    7.5 Beg, Borrow and Pray

    7.6 Advocates, Evangelists and Well-Wishers

    7.7 About Banks and Government Schemes

    7.8 Bootstrapping: a Double-Edged Sword

    7.9 It Will Never be Never Enough!

    Reference

    Chapter 8. About Meeting Regulatory Requirements

    8.1 Implied, Expected, Delivered

    8.2 Getting to Know Regulatory Requirements

    8.3 About Quality Systems

    8.4 The Use of Science-Based Studies

    References

    Chapter 9. About Consultants

    9.1 About Consulting

    9.2 They are Out There

    9.3 Before You Find a Consultant

    9.4 Selecting Your Consultant

    9.5 Expectations of Your Consultant

    9.6 Managing Your Consultant

    Reference

    Chapter 10. Action Plan

    10.1 Checkpoint #1: Prepare

    10.2 Plan to Achieve 100% – Establishing Milestones

    10.3 Execute to Achieve at Least 50% – Financial Plan

    10.4 Staffing

    10.5 Place of Operations

    10.6 Final Instructions

    Chapter 11. When the Rubber Hits the Road

    11.1 Checkpoint #2: Execution

    11.2 Sand Through the Hourglass

    11.3 Operations

    11.4 Cash Flow is King

    11.5 Managing HR Assets

    11.6 Handling Vendors and Sub-contractors

    11.7 Establishing Enterprise Credibility

    11.8 Managing Expectations

    11.9 Board of Directors and Scientific Advisory Board: A Revisit

    11.10 Towards Success

    Reference

    Chapter 12. A Few Additional Lessons from the Battle Front

    12.1 Situational Assessment

    12.2 Character

    12.3 BS and Saving Face

    12.4 Rose

    12.5 The Kiss Principle

    12.6 Credentials

    12.7 Daylighting

    12.8 Balancing Act

    12.9 Read, Customize and Apply

    12.10 Rock and Roll Inspiration

    12.11 Epitaph or Glory?

    References

    Chapter 13. Arrival

    13.1 Checkpoint #3: Facing Reality

    13.2 From Start-up to Profit and Beyond

    13.3 Rewards and Accolades

    13.4 Achievements

    13.5 Look After Your Shareholders

    13.6 Monuments and Corporate Citizenship

    13.7 View from Above: Looking back, Going Forward

    13.8 Moving on

    13.9 Gone Fishing

    References

    Index

Product details

  • No. of pages: 272
  • Language: English
  • Copyright: © Academic Press 2013
  • Published: October 18, 2013
  • Imprint: Academic Press
  • Paperback ISBN: 9780124105164
  • eBook ISBN: 9780124167179

About the Author

E. Khor

Dr. Eugene Khor, Chiticore Enterprises Inc. Victoria, Canada.

Affiliations and Expertise

Chiticore Enterprises Inc.,Victoria, BC, Canada

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