Final Report Summary - BIOBOOTCAMP (Bio entrepreneur boot camp: starting life science companies)
BIOBOOTCAMP had three goals.
Goal 1: Understand the expectations of their future financial partners venture capitalists come to explain their ways of working, as well as what makes a 'good' business plan. In the past, we have worked with EVCA and EASD representatives, in addition to independent VCs from European countries.
Goal 2: Share experiences with entrepreneurs of the country biotech managers come to describe their 'start up' experience, explaining both the easy and more complex aspects of business planning.
Goal 3: Provide TOOLS Learn how to use a platform of tools, including the BIOBOOTCAMP TM software (a program specially developed in the Excel and Microsoft Office environment), so that participants may generate their own business plans after the workshop.
Participants may use it following the training to create unlimited simulations to assess the feasibility of a project at no cost and to follow the economics and financials of their new company during the three first years. They will learn how to write a convincing executive summary to open the doors of investors' offices.
Organised by EuroBioBiz and TTO, BIOBOOTCAMP was a three-day trainings offered primarily to researchers where the participants could have an insight into the crafts of the preparation of business plans the elements that are needed for the start-up of a successful biotechnological enterprise. The legal expert of TTO held a lecture on the protection of intellectual properties in November 2007. In the light of our experience there are an increasing number of experts who have recognised the significance of this professional field in the studies of students and we hope that these issues will be incorporated into a large number of similar courses.
Goal 1: Understand the expectations of their future financial partners venture capitalists come to explain their ways of working, as well as what makes a 'good' business plan. In the past, we have worked with EVCA and EASD representatives, in addition to independent VCs from European countries.
Goal 2: Share experiences with entrepreneurs of the country biotech managers come to describe their 'start up' experience, explaining both the easy and more complex aspects of business planning.
Goal 3: Provide TOOLS Learn how to use a platform of tools, including the BIOBOOTCAMP TM software (a program specially developed in the Excel and Microsoft Office environment), so that participants may generate their own business plans after the workshop.
Participants may use it following the training to create unlimited simulations to assess the feasibility of a project at no cost and to follow the economics and financials of their new company during the three first years. They will learn how to write a convincing executive summary to open the doors of investors' offices.
Organised by EuroBioBiz and TTO, BIOBOOTCAMP was a three-day trainings offered primarily to researchers where the participants could have an insight into the crafts of the preparation of business plans the elements that are needed for the start-up of a successful biotechnological enterprise. The legal expert of TTO held a lecture on the protection of intellectual properties in November 2007. In the light of our experience there are an increasing number of experts who have recognised the significance of this professional field in the studies of students and we hope that these issues will be incorporated into a large number of similar courses.
