conjures up various notions and opinions. It's amazing how many people
have strong opinions about biotech and yet know little to nothing
about it. It's quite the buzz in the high-tech community and predicted
by many experts to be the biggest thing in the high-tech pipeline.
Colorado is fortunate to have leading researchers supported by industry,
government and all-important education.
611_ Fitzsimons Life Science District and the Anschutz Medical Campus
The Fitzsimons Life Science District and the Anschutz Medical Campus, formerly the Fitzsimons Army Medical Center, began its transformation in the mid-1990s. Larry followed up with Jay Gershen, Vice Chancellor for External Affairs, University of Colorado Denver to get an update on the Anschutz Medical Campus and the Fitzsimons Life Sciences District. The first time Larry interviewed Dr. Gershen, Jay was based out of the CU Health Sciences Center on 9th and Colorado the year was 2004. At that time Jay referred to Fitzsimons as, "Colorado's Crown Jewel". With all the challenging times, we thought it was time for a status report. "There was a base closure and that was Fitzsimons Medical Army Garrison, and the base was conveyed to the University of Colorado and to the City of Aurora in two parcels. One was a public benefit conveyance that went to the University, and the other was an economic benefit conveyance sold to the City of Aurora." Jay went onto explain, "The public benefit conveyance allowed all the land, buildings which were Army barracks and other medical facilities, to be given to the University with the understanding that CU would utilize that for research, education, and patient care and non-profit activities. The portion that was sold to the City of Aurora (was sold for $1.8 Million, with the first payment being due in 2012 (a real bargain). This is the largest medical development project in the country and contains the first comprehensive academic health center that is physically adjacent to a bio science research park, west of the Mississippi. Through the great generosity of the Phil Anschutz Foundation, we have received about $107 M from the foundation, for various projects on the site. The primary goal is to create a 21st Century Academic Health Center and one in which there would be a new design for the health center." Listen, there's more including challenges...
Related Links: Health Sciences Programs || CU Denver || Colorado BioScience Association || BioScience Channel || Keywords: Jay Gershen, Fitzsimons Life Science District, Anschutz Medical
Campus, CU Denver, Health Sciences, BioScience Channels:Bio Bytes=10100718 > - 1/26/09 LISTEN
610_ Fitzsimons Life Science District where inspiration becomes cure
Jill Farnham is currently the Executive Director for the Fitzsimons Redevelopment Authority (FRA), after serving for six years as the Authority’s Director of Finance and Business Operations. The FRA is a partnership of the City of Aurora and the University of Colorado and is responsible for overseeing the creation of the Fitzsimons Life Science District as a world class environment for life science companies. The FRA directs the commercial developments in the District, including the Colorado Science + Technology Park at Fitzsimons, along with its partner, Forest City Enterprises. It is an 184-acre business park dedicated to life science focused companies with 6 million square feet of proposed development in a sustainable urban environment. By 2013 the projected total jobs created throughout Colorado will be 44,505 long-term economic contributions o $1.4 billion in annual income and an annual economic output of $4.5 billion. Jill went onto say, "Despite challenging economic times we do have four projects that we expect to be moving forward in the next year. A hotel and conference center, a retail banking facility, a large office facility and of course our next bioscience building. we run a program called Fitzsimons Bio Business Partners. That’s or business development program, we have a seasoned bioscience business entrepreneur on staff, Dr. Michael Artinger, and he works with our tenants and prospective tenants to help advise them on how to get to the next stage of their evolution. Of that includes financing, and it includes introducing them to sources of management talent, and working together with a company to put together a presentation which will be presented before an advisory committee that includes venture capitalists and serial entrepreneurs, and experts in the field that the company may be in. Venture capital sources are very tight in this climate, we are recommending SBIR grants program as one of the best sources for funding and...
Related Links: Colorado Science + Technology Park at Fitzsimons || Fitzsimons BioBusiness Partners || CU Tech Transfer || Bioscience Park Center
Incubator Space || Find It Page || Keywords: Jill Farnham, Fitzsimons Redevelopment Authority, Forest City
Enterprises, FBBp, Michael Artinger, BioScience Channels:bio Bytes=9160728 > 1/26/09 LISTEN
580_ 700 BioScence Executives from Around the Rocky Mtn Region
Larry discussed lifesciences sector (bioscience and medical devices) with Christine Shapard, the interim director for the Colorado BioScience Association (CBSA). She addressed the challenging financial times and how it is impacting growth and stability. There are some mixed messages along with some very good news. Chris was very excited about the 2008 Biowest Conference. "This is the 5th year of BioWest so we are celebrating the anniversary of BioWest and CBSA (and w3w3® has been here from the beginning). We have a wonderful line up of speakers. I’m excited about the companies that are presenting at the Venture Showcase, that’s six startup companies from around the region. They are very cutting-edge vetted companies that should be really interesting to watch. The companies that are presenting at the Venture Showcase are the cream of the crop. And then we have more than 50 exhibitors at the showcase that provide services and products to the bioscience industry. And this is the first year we are doing a Job Fair – We’re doing a Career Fair for the bioscience industry and we have over 20 companies who are looking for employees. A great Innovation Expert, Guy Kawasaki is speaking at lunch 'The Art of Innovation.' The Dorsey & Whitney $10,000 Venture Showcase Award will be presented at dinner. Paul Ray’s, 'The Closing' (Boardroom Scrimmage) will be auctioned at BioWEST. He received the BioWest Lifetime Achievement award last year. Governor Bill Ritter is joining us for dinner Thursday night, the first evening, the annual awards dinner. Grand Finale Lunch: T.R. Reid in 'Sick Around the World' – The FrontLine teams up with Washington Post foreign correspondent to find out how five other capitalist democracies; UK, Japan, Germany, Taiwan and Switzerland – deliver health care, and what the US might learn from their successes and their failures." There's more, listen now...
Related Links: 2008 Biowest Conference || CBSA Home || BioSciences Channel || 2006 BioWest Photos || Keywords: BioWest, CBSA, Colorado BioScience Association,
Christine Shapard, Lifesciences, Guy Kawasaki, T.R. Reid, Paul Ray - Channels: Bio > Bytes: 9154876 - LISTEN 11/3/08
| 579_ Tribute to a Bioscience. Medical Device Serial Entrepreneur
Help us all pay tribute a wonderful man, loving husband and father and a serial entrepreneur. This painting, 'The Closing' hung in Paul Ray’s office at Surgenetics and just about any other office he had before that. For anyone that’s experienced “The Closing”, this picture likely brings about memories, as it did for Paul. Paula Ray has asked the Colorado BioScience Association and w3w3to host a silent auction of the painting with proceeds going to benefit the Association’s annual activities. To get involved, please send bids directly to email@example.com by Wednesday, November 12th. Bidding thereafter will take place at the 2008 BioWest Conference (www.biowestconference.com) on November 13th. The winner will be announced at CBSA’s Annual Awards Dinner the evening of the 13th.
Related Links: Tribute to Paul Ray || Heroes Walk Among Us || 2008 Biowest Conference || CBSA Home || Link for Placing Your Bid || Keywords: Paul Ray, Paula Ray, Colorado BioScience Association,
BioWest Conference, Surgenetics, Bioscience. Medical Device, Serial Entrepreneur - Channels: Bio - 11/3/08
|420_ Bio Startup with $7.2 Million in Angel Investments
SUPER Bug beware. MicroPhage is focused on improving health worldwide through leadership in rapid bacterial detection says Jack Wheeler, Founder and VP Business Development of MicroPhage (and Chairman of the Board, Colorado BioScience Association). They have raised over $7 M in angel capital to date. The Company develops and markets diagnostics for use in the clinical marketplace through the use of its bacteriophage enabling technology. The company has chosen to focus its initial efforts to help solve medical crises involving such problems as over use of antibiotics and antibiotic resistant bacteria. Its first products expected in late 2008 are anticipated to set a new standard for clinicians and hospital staff in methicillin-resitant Staphylococcus aureus (MRSA) identification and antibiotic testing. MicroPhage’s mission is to be a worldwide leader in rapid bacterial diagnostics, both identification and antibiotic susceptibility / resistance testing, through its bacteriophage-based amplification platform for immunoassay diagnostics. The company will develop, manufacture, and market these tests into the clinical market. Phage Enabled diagnostics allow for: More precise detection: More direct detection; More affordable detection; More rapid detection with results in a little as 45 minutes instead of 72 hours.
Related Links: MicroPhage || BioWest 2007 || BioScience Channel || w3w3.com Blog || Keywords: Jack Wheeler, Life Sciences, MicroPhage, Super Bug, MRSA, MSSA ID, Susceptibility, BioWEST 2007 > 12/10/07 Bytes: 16323294 > LISTEN
| 417_ LifeSciences - A Colorado Economic Powerhouse
The 5th Annual BioWest Conference and Expo attracts more than 900 of the Rocky Mountain region’s bioscience executives for networking, presentations, services, new technologies and business strategies. Jack Wheeler, Chairman of the Board, Colorado BioScience Assoc. and Founder, VP Bus. Dev. MicroPhage, discusses with Larry the high-lights of this two-day conference. It's loaded with Stimulating and Informative Keynote Presentations: Jim Collins noted management guru and author of "From Good to Great…Why Some Companies Make the Leap and Others Don’t"; Stephen Ubl, President and CEO of AdvaMed (the Advanced Medical Technology Association); Chris Nolet, Ernst & Young, Partner and Leader Life Sciences Industry Group; Karen Bernstein, Editor-in-Chief of BioCentury; Governor Bill Ritter. There are also some top-notch Company Presentations: Companies presenting at the Mature Company forum include Array Biopharma, Baxa, Blue Sun Biodiesel, Cochlear Americas and Heska,. Start up companies chosen to present at the Venture Showcase include MBioSystems, Nanodisc, Sierra Puente, Solix Biofuels, ValveXchange and Ventrus Biosciences. In addition attendees will find Industry Support Resources and see some new research discoveries.
Related Links: BioWest 2007 Details || Photos BioWest 2006 || BioScience Channel || Find It || Keywords:BioWEST 2007, Jack Wheeler, Life Sciences, Jim Collins, Governor Bill Ritter 12/3/07 Bytes: 8933128 LISTEN
283_ It’s not Just Human Capital: It’s Excitement Capital
Universities, professors, tech transfer and a need for improved health are bringing in an extra $1 billion into Colorado. Dr. Richard Duke, is the chair of the CBSA’s Public Policy and Government Relations Committee, "We support life sciences legislation at the local level as well as the national level
. In order for us to build the bio tech industry in Colorado, we really have to start at the grass roots. We have to start from the bottom and build those companies from start ups and help them all the way through", said Richard Duke. He is also past President and CEO of GlobeImmune as well as President and CEO of Apoplogic. He was recently named the “Business Advisor of the Year" by the University of Colorado Technology Transfer Office (CUTTO). Dr. Duke is passionate about House Bill 1060 passing. Related Links: || CUTTO Winners || SBIR Colorado || CU Tech Transfer Office || GlobeImmune || CU Tech Transfer Series ||Channels: CU Tech Transfer || Keywords: Richard Duke, Apoplogic, GlobeImmune, Business Advisor of the Year, Technology Transfer, CU, University of Colorado > Bytes: 9418608 LISTEN 3/26/07
276 Myogen: The $2.5 Billion Colorado Success Story
– but there is more to it. Myogen which recently merged with Gilead was built by a team that understands a key strategy of ‘spreading the risk’ while capitalizing on its assets. Dr. Michael Bristow, cofounder of Myogen shares the details. This is also a University of Colorado Tech Transfer ( CUTTO) success story and now Dr. Bristow and CUTTO have teamed up for another venture, ARCA Discovery, Inc. Get the details here. Related Links: Myogen and Gilead || CUTTO Winners || CU Tech Transfer Office || Award Photos|| Keywords: Michael Bristow, Myogen, Gilead, ARCA Discovery, Technology Transfer, CU, University of Colorado > Bytes: 6586099 LISTEN 3/12/07
259 Inventors of the Year, CUTTO Award Winners
Dr. Kathy Rowlen & Dr. Rob Kuchta from CU Boulder worked on project for several years generally known as 'Flu Chip'. The extension of this technology will really help world health officials and others be at the front line to figure out what those strains are. Getting a flu shot that targets the right strain is necessary for the shot to work. Their efforts are very timely and may provide an early window into the pandemic of potential flu. David Allen of the Tech Transfer Office at the University of Colorado knows they are winners. Related Links: CUTTO Winners || CU Tech Transfer Office || BioScience Channel || PodCasting Directory || Keywords: Technology Transfer, CU, University of Colorado, Dr. Robin Shandas, UCDHSC, Pulmonary Hypertention, NIH >Bytes: 3049119 || LISTEN 2/19/07
255 CUTTO Awards UCDHSC Inventor of the Year
Dr. Robin Shandas was presented with the Inventor of the Year Award for the CU at Denver and Health Sciences Center. The University of Colorado Technology Transfer Office held its 5th Annual Awards event on January 24. Dr. Shandas also recently awarded a multi-million dollar grant from the National Institutes Health. He will lead the development of 200 patient-specific computer models that will be used to help refine diagnosis and improvement treatment of pulmonary hypertension in children. Listen in his own words.
Related Links: CUTTO Winners || CU Tech Transfer Office || BioScience Channel || Podcasting Directory || Keywords: Technology Transfer, CU, University of Colorado, Dr. Robin Shandas, UCDHSC, Pulmonary Hypertension, NIH > Bytes 3654742 || LISTEN 2/12/07
251 New Inventor of the Year Awarded by CUTTO
Dr. James Goodrich was presented with the New Inventor of the Year Award for the CU Boulder campus. The University of Colorado Technology Transfer Office held its 5th Annual Awards event on January 24. It was attended by over 200 local business leaders and faculty inventors. After a presentation from Myogen founders Dr. Michael Bristow and Dr. J. William Freytag, awards were presented to inventors, companies, and others who demonstrate best practices in technology transfer. Dr. Goodrich's work is leading-edge and will save lives. Related Links: CUTTO Winners || CU Tech Transfer Office || BioScience Channel || PodCasting Directory || Keywords: Technology Transfer, CU, University of Colorado, Dr. James Goodrich, Gene Expression, RNA > Bytes 2321034 LISTEN 2/5/2007
161_ You Can't Keep a Serial Entrepreneur Down
Over 30 years ago Paul Ray decided to get out of corporate America and go on his own. Paul, the epitome of a serial entrepreneur is currently president and CEO of Surginetics. Larry Nelson set up an appointment to get an entrepreneurial update with Paul. As entrepreneurial luck would have it, it turned-out to be a day that Paul was going to start another round of chemotherapy at the Fitzsimons Anschutz Infusion Cancer Center. You can't keep this good man down. Paul said, "Let's do it on schedule." Wow, what an inspiring story.> LISTEN 8/07/06
162_ Five Rocky Stages of a Venture Capital Startup -
Paul Ray, president and CEO of Surginetics as well as super-serial entrepreneur points out that a good executive summary is the hook. There is a tremendous amount of give and take as the company and the investors start the building process. Paul shares his Five Stages of a VC Startup:(1) Excitement and Euphoria (2) Disenchantment (3) Search for the Guilty (4) Punish the innocent (5) Reward the undeserving. His advice to avoid this swamp is to get advice from attorneys, accountants and seasoned experts. Part 2 of 2. > LISTEN 8/14/06
156_CUTTO Metrics of Success and Challenges
In the past five years, we have seen some amazing results flow through from the University of Colorado Tech Transfer Office (CUTTO). David Allen shared the successes and challenges with his third-year check-up with Larry Nelson at w3w3.com. David pointed out that the high success rate included many factors including great researchers, setting a high bar and working with both the tech community and the business community. In addition close relationships with organizations like FBBi (Fitzsimmons BioBusiness Incubator) as well as a great advisory board with top-notch legal advice makes a big difference. This has led to 34 new company start-ups in the past four years. > Part 1 of 2 LISTEN 7/31/06 - Part 2 of 2 LISTEN 8/07/06
158_CUTTO 2005-06 Report Shows Strength for Colorado
David Allen, Associate Vice President for Technology Transfer (CUTTO), University of Colorado System suggests we should all ask ourselves the question, "How is our business changing?" David Allen shared the successes and challenges with his third-year check-up with Larry Nelson about CUTTO. David points out that there always are challenges and opportunities. HB 1360, now a signed act by Governor Bill Owens has been more than a breadth of fresh air for the Colorado community. The CUTTO team efforts have led to 34 new company start-ups in the past four years. > LISTEN 8/07/06 2 of 2
134_ Baxa, Past Mistakes and Facing Challenges Lead to Winning
Learning from past mistakes and overcoming the biggest of challenges helped make Brian Baldwin, Vice Chairman and Founder of Baxa a success. His college roommate and fraternity brother Bill Cook started with a dumb business model, hypodermic needles. This was followed by other challenges including making it through Chapter 11. Today, Baxa is a successful award winning company built on the foundation of getting the right people in the right place and time. Brian enjoys having a good time, ask Dame Edna. > LISTEN 5/15/06 - Part 1 of 2
138_ The Rocky Road of Building a Successful Medical Device Company
In 1979 Baxa became part of the Cook Company out of the state organization. In 1987 Brian Baldwin and some cohorts engineered a buy-back from Bill Cook. From there on it was a rollercoaster ride. Winning a patent litigation suit cost Baxa $1 million in legal fees. Not that long ago, Baxa experienced a major recall and at that time had a 20% marketshare. Today they have better than an 85% share. Brian predicts wellness preventative care is the new growth area. There's more.> LISTEN 5/22/06 Part 2 of 2
Collaborative Expansion is on the Horizon for CBSA
After merging medical devices and biosciences in Colorado about two years ago, CBSA has become a strong voice for Colorado industries. Executive Director, Denise Brown says the 35 programs held by CBSA along with BioWest 2005 are signs of the future. Collaboration is their mantra and will partner with CSIA, SBIR Colorado, Longmont Economic Development Council among others. LISTEN 1.23.2006
|Related Links: CBSA Home Page - Bioscience Forum - CBSA/CSIA Wine Tasting - SBIR Colorado Conference
Skies or Dark Clouds for BioScience? - 11/01/04
What is on the horizon for BioSciences in Colorado? At
2004, we asked some candid questions from a very diverse group
of professionals about the future of the industry. Hear what Chris
Christoffersen, Brian Vogt, Rick Jory, Vicki
Jenings, David Allen and others have to say…you might be surprised.
Big Bio Bash (Colorado is on the Radar)
Brown (Executive Director of the CO
Bioscience Assoc.) and Christine
Shapard (State of CO, Director of Biosciences) returned
from a week at Bio 2004 Conference in CA. The CO booth, staffed by
many Coloradoans as the little mountain state shined - many
eyes were upon us. Here’s a report. JUN '04
Northern Ireland BioTech
Denver is the second city in the nation to be chosen as a Northern Ireland Technology and Development Center. Peggy McMahon, the Director introduced Alan Hingston to w3w3® in 2002. A great deal has happened in this past year, with much more on the horizon…a major BioTech mission is set for June 2004. LISTEN
|COLORADO BioScience ASSOCIATION
Two of the most important associations in Life Sciences have merged to form the powerful and very progressive Colorado BioScience Association (CBSA). They are 225 members strong (and growing) and will be hosting 25 programs in 2004," says Denise Brown, CBSA's Exec. Director. Denise talks of challenges & predictions
|NanoTech and (FUN)ding
How does Colorado compare to other states in the NanoTech arena? What is it going to take to develop a first-class biotech cluster? There are many pieces to those puzzles, but in any scenario, money is a major factor. Russ Farmer discusses SBIR & STTR Grant funding with Louis Hornyak and his NanoTech team.
Colorado’s business climate and macroeconomics are indicators and important issues to bioscience firms. Dr. Arlen Meyers, professor at UCHSC and executive director of the Colorado Alliance of Bioengineering gives a look at the Batelle BioTech Plan and its progress and prognosis. Collaborative partnerships between industry and academic researchers are essential in building a world-class biocluster
| Dr. Monica Darnbrough, the Director of the UK Bioscience Unit has Colorado under microscope. There's a great deal riding on this potential collaboration between the US & the UK. There's a method to her plan that precedes a trip by Governor Bill Owens and other business people to England and Scotland. Bio Cluster here we come. LISTEN
|Life sciences in the trenches along with a 30,000-foot view of Colorado's "bio cluster" are part of Paul Ray's past. An infusion of money, government support, continued upgrading of education's participation and a strong Tech Transfer program are the keys to growth and economic success in the life sciences sector. So Paul Ray, what are you going to do now? 10/2003
|Millions of dollars are pumped into the Colorado economy as a result of CU's Technology Transfer program. David Allen, Associate Vice President of the program says that the CU Tech Transfer Office hasn't arrived yet but is on track to be recognized as the best among public universities by 2010. Listen to this in-depth interview and get a complete Annual Report here.
|The BioWEST Conference in Denver this October 22nd brought experts and high powered, savvy parties together. The future looks bright. Chris Christoffersen, chairman of this years event has some observations for you. LISTEN NOWArlen Meyers, MD, Colorado Alliance for Bioengineering - more about
Profile of a Leader - Paul Ray, Director of the Office of Life
Sciences and Biotechnology in the Governor's Office of Innovation and Technology. What
makes a man a leader? Is it just good fortune? Who influenced the development of strength and courage?
"No one goes his way alone. All that we send into the life of another comes back into our own." For every question there are as many answers as there are leaders. But, there are common qualities - we just don't know the formula. w3w3® Network asks Paul to share his story. Listen: Paul Ray, Profile of a Leader and Part 2 Profile of a Leader JUN 2003
and the Internet
Dr. Arlen Meyers and his guest Dr. Ellie Greenberg, co-chairs
of the Governor's Council for TeleHealth outline how online TeleHealth
will improve access to health care while lowering costs and improving
Arlen Meyers in a Relentless Biotech
Pursuit - Talk about being in the right place at the right
time...BioTech is hot. But remember, those that are there today,
were there when the industry was in a funk. Dr. Meyers, Dr. Rahmat
Shoureshi and the rest of the CAB board have some extraordinary
plans for 2003. Many in the know say, this is "the" industry
of the decade DEC 2002
only 2 years old and under the NIH umbrella. Dr. Dean and her dream
team work in 3 primary areas - sensor technology, materials sciences
and cellular level images. There are millions of dollars in grants
available if you can help.
Roy Cosan with VC
Money for Colorado
Johnson & Johnson Development Corp is the oldest VC firm
in the US. J&J has millions to invest in Colorado, but Roy claims
there is not place to go. They're not just talkers, J&J makes
over 100 investments per year.
Tech Transfer Awards
Hoffman, president of the University of Colorado was on
hand for the Award Ceremony and Dinner held at Colorado's "Crown
Jewel", Fitzsimons. Hat's off to the finalists and the four
winners... you make Colorado proud.
The "Crown Jewel" of the BioTech Community. Listen to Jay Alan Gershen, D.D.S., PhD., Executive Vice Chancellor
for the University of Colorado Health Sciences Center as he gives
us an insider's view. It's important and timely. (If you missed
part 1, we've got both linked for your convenience.)
the CU tech transfer guru, shares some inside information that could
change the way we do many things as well as have a tremendous economic
impact in Colorado. Don't be left out.
SHOWColorado Alliance Bioengineering seminar series
Your Medical Device" with Jim Brogan, Cooley Godward
and Mike Laufer, M.D. Menlo Ventures. Don't miss November 7 Biobusiness
Your CAB is Waiting.
Dr. Arlen Meyers, executive director of the Colorado Alliance
for Bioengineering announces what is being touted as Colorado's
Biotech event of the year CAB EXPO 2002. If you want to tap into
the industry experts, you need to be there.
Schwab (Right) , editor of the Colorado
Biz Magazine joined Dr. Meyers, Exec. Director
of the CAB (Above-Left)
and Larry Nelson, w3w3 Talk Radio (Left)
to discuss the business of a future for bioengineering in
Colorado. You will hear an important, recurring theme, and the responsibility
falls in your lap and my own, as an individual, a parent or a student.
Dean Kamen recently said, "...you can be a Michael Jordan but
it's more likely that you will end up flipping hamburgers".
It's time to find our passion, encourage our students to work hard
and discover their own drive - and throw star worshiping to
the wind. LISTEN
Biz Magazine for more from Bob Schwab.
Biotech Boom 7/18/02
Meyers, Professor of Otolaryngology at the University of
Colo. Exec Director of the Colorado Alliance of Bioengineering and
Commissioner on the Governor's Commission on Science and Technology.
589_ BioWest 2008 -
Guy Kawasaki Talks About Innovation, Change and Entrepreneurs
Larry cornered Guy Kawasaki at the BioWest conference after his keynote address. Guy, author of the best selling book, The Art of the Start and Reality Check is also cofounder Alltop.com as well as Garage.com. Larry asked, "We are going through some tougher times, how do you see this playing out?" Guy, a champion for entrepreneurs replied, "Well, I’m not a visionary or an oracle, I’ll tell you what I would tell an entrepreneur, which is, ‘plug your ears and keep going!’ Of all the tech startups one out of 5000 go public so what difference does it make what the DOW Jones Industrial Average, especially tomorrows DJIA, maybe 5 years from now it’ll matter, but not tomorrow. If you just try to build a great business, hopefully that great business will make a ton of money. If you make a ton of money, maybe you’ll go public – still unlikely, but you might; and you might get acquired, also unlikely but we go from one out of 5000 to one out 500, something like that, so that helps. But even if none of those sort of dream things happen, you have a good business! If you only start businesses in good times, you may have to wait a few years – I really don’t see why it truly matters. You either believe or you don’t believe. If you’re an entrepreneur who says, ‘well, I’m not going to start a company because the stock market is too low and unemployment is too high’, I’ve got to tell you I would put those two items right at the bottom. You have to develop a good product, you have to make it, you have to sell it, collect the money and service your customers, pretty much the fundamentals." Listen for more insights...
Related Links: Alltop.com || Garage Technology Ventures || BioWest 2008 || Guy Kawasaki Blog || w3w3.com Blog || Keywords: Guy Kawasaki, Garage Technology Ventures, Alltop.com,
BioWest, DOW Jones, Art of the Start, Reality Check, Entrepreneurs, Blog - Channels: Bio, VC,
Bytes: 9134814 - 11/17/08 LISTEN
385_ Colorado BioBusiness Ecosystem is Breaking New Ground
Rick Silva, acting Director of the Fitzsimons BioBusiness Partners (FBBp) says, "It takes broad and incredibly specialized skills to build a biomedical product. Ours is the most regulated industry on Earth, our products are among the most complex to develop, and the least likely to have a customer. Getting it right takes a village." Larry asked Rick, "How can entrepreneurs hedge their bets? "Build an experienced and capable team that has a record of getting things done. Ask for help! Find advisors (many willing to help a little for free) with relevant experience in your industry and product area. They will have the contacts and experience to help you with your commercial roadmap. If you have a credible plan, have talked to your customers and partners, you will be prepared to answer questions VCs will have. FBBp is central in this ecosystem and can bring domain advisors." 5. Is FBBp an incubator? "Not really, we are a venture development organization. Let me explain." LISTEN
Related Links: Fitz BioBusiness Partners || Colorado Life Science Blog || BioScience Channel || Find It || Keywords: Fitzsimons BioBusiness Partners, FBBp, Rick Silva, Entrepreneurs, Venture Capital, CUTTO, BioScience > Channel: In the News > Bytes: 14716241 > 10/1/07 LISTEN
Colorado BioScience Entrepreneurs
Have a Source for Solutions
346_ Colorado is fortunate to have a number of researchers and scientists in the Bioscience arena. Like many entrepreneurs they are the best in their field, but lack some of the other skills needed to commercialize their idea and build a successful company. Chris Shapard, Deputy Director of the Colorado BioScience Association and Vicki Jennings, from the Fitzsimons Redevelopment Authority talk about the Biobootcamp where attendees learn valuable information from experienced practitioners about how to build a company designed to commercialize bioscience technologies while avoiding dangerous pitfalls that are typically encountered along the way.
At 578 acres, the Fitzsimons Life Science District is currently the nation's largest scientific and medical development project. By mid-2008, the District will offer more than 6 million square feet of clinical and lab space, and be home to more than 16,000 life science professionals. LEARN MORE
Related Links: Bio Bootcamp || Fitzsimons || Colorado BioScience Assoc || BioSciences Channel || Keywords:Bioscience, Biobootcamp, CBSA, Chris Shapard, Vicki Jennings, Fitzsimons, Entrepreneurs> Bytes: 8004234 > LISTEN 7/2307