You certainly need to do your homework and be sure you understand the problem first. No one teaches you how to do sales, sell to partners, set up payroll, set up an accounting ledger and maintain your books, or how to sign leases for lab space. Immuno-oncology is one field that you hear about and the fundamental challenge is the same – we need to generate a very strong immune response to particular antigens. We had great advisors that hammered us on those questions early. Their philosophy is that information is spread on a need-to-know basis. Having exposure to those different management philosophies – again, all great companies where the system works for them – has helped us think more about the culture and organizational behavior we want to develop at Vaxess. Both vaccines themselves and adjuvants that stimulate the immune system can have issues with freeze-drying.
So what types of ventures made the cut this year? Retrieved 5 April The management team can focus on fundraising, hiring, organizational and business development, and strategy as opposed to having to spend all of this time thinking about getting a lab up and running, hiring architects, and building it out. Retrieved 28 January Retrieved 5 May Kennedy School of Government. We knew little about RNA – we had never worked with it.
I think I have a sense of what your company needs. I could do corporate strategy and product planning way better than is currently done. Retrieved 22 March Retrieved 7 May And more importantly, who should venture capitalists, investment bankers, and others watch as a future hot IPO opportunity?
Vaxess Technologies, Inc.
Vaxss auto industry background, quite frankly, has helped very, very little with the technical challenges we encounter in vaccine stabilization. What spurred your decision to apply to business school? The composition of the Vaxess team has made us unique from the start – I was a mechanical engineer turned business leader, we had a physicist turned lawyer, an economist, and a postdoc.
Vaxess was founded in based on work primarily from Tufts, but also a couple of other academic institutions tecchnologies well that had shown that silk had really unique stabilizing properties for sensitive compounds.
Massachusetts Institute of Technology. They do for the military what LinkedIn does for business. Tufts has published a ton of papers on this protein and all the different things you can do with it. If the answer is texhnologies, you can walk away more quickly and move onto better partnerships, and if the answer is yes you can think about how to tailor your product to fit their needs. No one teaches you how to do sales, sell to partners, set up payroll, set up an accounting ledger and maintain your books, or how to sign leases for lab space.
For examples, we had some inquiries for an RNA drug delivery technology.
Resources Spotlight interviews Company profiles Incubators and accelerators About. Retrieved 21 May Busimess grants will fund development of both the MIMIX platform as well as these two specific indications over the next two years.
Retrieved 28 January There are all of these operational day-to-day challenges that nobody really has insight into until they take the plunge of leading a company. I started in the world of manufacturing, and if you ever have the chance to work at a manufacturing plant, every line worker and engineer in a manufacturing plant will complain about how crummy the designs they get are.
You certainly need to do your homework and be sure you understand the problem first. Of course, as you move up the management chain, that vision expands.
Monath being an expert in the field of vaccinology and Middaugh being an expert in the fields of in the fields of biophysical chemistry and pharmaceutical formulation.
We know how it acts in the human body, businesa it degrades, and we know its inflammatory and immunological profiles.
What challenges and opportunities are unique to biotechs compared to tech or other startup areas? Retrieved 4 February Archived from the original on 30 December Do you tailor pitches differently for competitions compared to those for VCs?
Michael Schrader – SYNAPSE
Views Read Edit View history. What features of the technology did you look at to decide that vaccine stabilization was the best application of silk protein?
Retrieved 19 December The company provides a smartphone application that lets consumers book and pay taxis conveniently and transparently. As a final question, we always like to ask what advice you have for budding undergraduate, graduate student, or postdoc biotech entrepreneurs. The management team can focus technologids fundraising, hiring, organizational and business development, and strategy as opposed to having to spend all of this time thinking about getting a lab up and running, hiring architects, and building it out.
The other thing is that I’ve seen very different approaches to management between my time in the auto industry and my brief internship in the tech sector.
I had an interesting progression through the automotive world: