This textbook can be used to gain a very first overview of what it takes to set up and finance bio- or medtech companies, and it highlights some crucial aspects on how to create a life science company. As distinct lines between therapeutics, devices and diagnostics are blurring, the book includes chapters, divided into two distinct sections, on bio- and medtech entrepreneurship.
Since it is not possible to provide a general recipe or instructions on how to successfully develop a life science start-up, we have chosen the format of a compendium rather than a classic textbook in order to prepare and deliver the knowledge at hand. The intention is to introduce some of the most essential aspects of bio- and medtech entrepreneurship and to stimulate the self-study process of each future and young life science entrepreneur.
This compilation can either be read as a whole or used as a reference book by selecting individual chapters in the case of specific questions. Each chapter is written by a different author, most of them are life science start-up founders, industry experts or venture capitalists. Each author prepared and presented the content from an individual point of view based on individual experiences. The resulting heterogeneity in delivering the knowledge is a desired outcome for a multifaceted approach to life science entrepreneurship.
Each chapter begins with a short introduction leading into the specific topic. To familiarize the reader with the topic, in these short introductions particular emphasis was placed on providing some details from existing knowledge and information relevant to each chapter and available from different sources regarding the innovation process to develop new therapeutics or medical technologies in start-up companies. Along with these introductions, to further strengthen the thread that links the different concepts, cartoons illustrate the entrepreneurial challenges and add a touch of humor, lending a lighter perspective to the challenging aspects of life science entrepreneurship.
Heidrun Flaadt Cervini
Direktorin, Center of Advanced Studies on Entrepreneurship in BioMedicine
BioTechnology Entrepreneurship MedicalTechnology