Re:How to spin your scientific research out of a university ...
by refurb on Thursday October 29, 2020 @12:05PM
(#24931963)
I kind of agree with #3 only because the focus is on “early on”. I would agree that there isn’t a ton of need for a business person when you’re just trying to figure out if the science works.
That said, there is some business work to be done - determining if you have a viable business. Cool science is a great and all, but it’s not a business if people won’t pony up the dollars for it.
And once you know the science works there is a ton of business work to be done, especially with medical products where reimbursement can be really complex and require a year or more of work to get ready for launch. And reimbursement can make or break a product.
That said, there is some business work to be done - determining if you have a viable business. Cool science is a great and all, but it’s not a business if people won’t pony up the dollars for it.
And once you know the science works there is a ton of business work to be done, especially with medical products where reimbursement can be really complex and require a year or more of work to get ready for launch. And reimbursement can make or break a product.