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1546-2080 Online :: 1546-203X Print
Overcoming the Odds: How to Incubate Fledging Bioscience Companies
Volume 11, Issue 2


Authors:
Patti Breedlove

Abstract:
Early-stage bioscience companies (including those of the nanotech variety) are among the most difficult companies to grow. With their voracious need for capital, lengthy research and development cycles, and steep regulatory hurdles, it often takes them well over ten years to get a product on the market. A well-designed tech business incubation program can reduce new venture failure by supporting bioscience entrepreneurs when they are at their most vulnerable. Effective incubation programs tend to offer services such as early recruitment of experienced leadership, introductions to potential investor groups, partnerships with qualified service partners, as well as highly-specialized scientific equipment at affordable rates. This article discusses the University of Florida Sid Martin Biotechnology Incubator, which was ranked “World’s Best University Biotechnology Incubator” by the Sweden-based research group UBI Index. The Incubator's Director, Patti Breedlove, discusses best management practices for technology commercialization and offer insight into the challenging world of biotech startups.

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