From Academia to Entrepreneur

From Academia to Entrepreneur

by Eugene Khor
Released October 2013
Publisher(s): Academic Press
ISBN: 9780124167179

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Book description

From Academia to Entrepreneur: Lessons from the Real World provides practical advice on entrepreneurship, interspersed with insights the author gained from starting up his own business and in associations with other ventures. These same insights can be applied to bringing a technology concept from academia to an enterprise.

A few of the questions From Academia to Entrepreneur: Lessons from the Real World answers:

  • How do I pragmatically appraise business opportunities?
  • What traits should I look for in an enterprise?
  • What can and should I do with my concept while in academia, before entering such an endeavor?
  • How do I overcome risk aversion?
  • And most importantly, why should I be the one to build this business?
  • Provides insights into using academic research as a potential business, meeting the challenges and opportunities in today's academic research environment
  • Offers practical ideas on entrepreneurship
  • Describes how to take a company to financial profit and maintain it
  • Emphasizes the pragmatic details to work through, equipping you with the correct set of tools to build your business

Table of contents

  1. Cover image
  2. Title page
  3. Table of Contents
  4. Copyright
  5. Preface
    1. About Entrepreneurs
    2. About Biomedical Enterprises
    3. About Academia’s Relevance to Biomed and Enterprise
    4. From Academia to Entrepreneur
    5. Why this Book?
    6. References
  6. Acknowledgments
  7. About the Author
  8. Chapter 1. Entrepreneuring Academic Biomedical Science
    1. 1.1 The Biomedical Buzz and its Economic Potential
    2. 1.2 A Piece of the Action
    3. 1.3 Singapore’s Biomedical Endeavor
    4. 1.4 Advantage Asia?
    5. 1.5 The Biomedical Industry in Transition
    6. 1.6 Confronting Some Commonly Held Beliefs
    7. 1.7 The Academic Dilemma
    8. 1.8 The Regulatory Imperative
    9. 1.9 Biomed Businesses
    10. 1.10 Enter the Biomed Runway Entrepreneur
    11. References
  9. Chapter 2. The Academic–Business Conundrum
    1. 2.1 Where the Science is Created
    2. 2.2 Life in Academia
    3. 2.3 Exacerbations to the Biomed Research-Enterprise Agenda
    4. 2.4 The Real World’s View of “Ivory Tower” Tenants
    5. 2.5 Business-Nizing Academic Research
    6. 2.6 Products from Biomedical Research: Serendipity or Planned Outcome?
    7. 2.7 Team Event
    8. 2.8 Relevance to the Research Agenda
    9. 2.9 Incentivize to Business-Nize
    10. 2.10 Myths and Misconceptions to Note when Traversing from Academia to Business
    11. 2.11 From Academia to the Real World
  10. Chapter 3. Taking Academic Biomedical Research Beyond the Lab Bench
    1. 3.1 From the Patient to the Lab Bench
    2. 3.2 Medical Intervention: Science and Technology’s Role
    3. 3.3 From the Lab Bench Back to the Patient
    4. 3.4 At the Academic Lab Bench
    5. 3.5 IP and Licensing
    6. 3.6 Proof of Concept
    7. 3.7 INTO the Real World
    8. 3.8 Time to Market
    9. 3.9 Turning Point
    10. References
  11. Chapter 4. To Become a Runway Entrepreneur from Academia
    1. 4.1 A Path Few Choose
    2. 4.2 The Brass Story: Beginner’s Providence
    3. 4.3 Integrated Platform Technologies Inc.: Setbacks Happen
    4. 4.4 Anatomic Replacement Materials Private Limited: Refining the Format
    5. 4.5 Venturing Forward
    6. 4.6 The Ideal Biomedical Participant Prerequisite
    7. 4.7 To Know if you Should Start
    8. 4.8 “Finals”
    9. 4.9 Three Steps from Obscurity to Notoriety
    10. 4.10 Welcome to your New Job Title: the Supreme Field Commander
    11. References
  12. Chapter 5. What is the Business?
    1. 5.1 So You’ve Got an Idea for a Business!
    2. 5.2 The Opportunity of a Lifetime?
    3. 5.3 Getting to the Starting Line
    4. 5.4 Do You Have a Viable Business?
    5. 5.5 Revenue Fundamentals
    6. 5.6 Pricing
    7. 5.7 What Does the Business Cost to Set up?
    8. 5.8 What Will the Business be Worth?
    9. 5.9 Have you Thought Through Your Exit Plan?
    10. References
  13. Chapter 6. Business Plan
    1. 6.1 The Perfect Business Plan
    2. 6.2 Executive Summary (Execsum)
    3. 6.3 Vision and Mission
    4. 6.4 Introduction and Background
    5. 6.5 Business Overview
    6. 6.6 Market Analysis
    7. 6.7 SWOT
    8. 6.8 Organizational Structure
    9. 6.9 Services and Support Plan
    10. 6.10 Financial Plan
    11. 6.11 Sources and Application of Fund
    12. Reference
  14. Chapter 7. Raising Funds
    1. 7.1 The Bottom Line is About Money
    2. 7.2 How Much Do You Really Need to Get Going?
    3. 7.3 Funding Fundamentals
    4. 7.4 Recruiting Investors
    5. 7.5 Beg, Borrow and Pray
    6. 7.6 Advocates, Evangelists and Well-Wishers
    7. 7.7 About Banks and Government Schemes
    8. 7.8 Bootstrapping: a Double-Edged Sword
    9. 7.9 It Will Never be Never Enough!
    10. Reference
  15. Chapter 8. About Meeting Regulatory Requirements
    1. 8.1 Implied, Expected, Delivered
    2. 8.2 Getting to Know Regulatory Requirements
    3. 8.3 About Quality Systems
    4. 8.4 The Use of Science-Based Studies
    5. References
  16. Chapter 9. About Consultants
    1. 9.1 About Consulting
    2. 9.2 They are Out There
    3. 9.3 Before You Find a Consultant
    4. 9.4 Selecting Your Consultant
    5. 9.5 Expectations of Your Consultant
    6. 9.6 Managing Your Consultant
    7. Reference
  17. Chapter 10. Action Plan
    1. 10.1 Checkpoint #1: Prepare
    2. 10.2 Plan to Achieve 100% – Establishing Milestones
    3. 10.3 Execute to Achieve at Least 50% – Financial Plan
    4. 10.4 Staffing
    5. 10.5 Place of Operations
    6. 10.6 Final Instructions
  18. Chapter 11. When the Rubber Hits the Road
    1. 11.1 Checkpoint #2: Execution
    2. 11.2 Sand Through the Hourglass
    3. 11.3 Operations
    4. 11.4 Cash Flow is King
    5. 11.5 Managing HR Assets
    6. 11.6 Handling Vendors and Sub-contractors
    7. 11.7 Establishing Enterprise Credibility
    8. 11.8 Managing Expectations
    9. 11.9 Board of Directors and Scientific Advisory Board: A Revisit
    10. 11.10 Towards Success
    11. Reference
  19. Chapter 12. A Few Additional Lessons from the Battle Front
    1. 12.1 Situational Assessment
    2. 12.2 Character
    3. 12.3 BS and Saving Face
    4. 12.4 Rose
    5. 12.5 The Kiss Principle
    6. 12.6 Credentials
    7. 12.7 Daylighting
    8. 12.8 Balancing Act
    9. 12.9 Read, Customize and Apply
    10. 12.10 Rock and Roll Inspiration
    11. 12.11 Epitaph or Glory?
    12. References
  20. Chapter 13. Arrival
    1. 13.1 Checkpoint #3: Facing Reality
    2. 13.2 From Start-up to Profit and Beyond
    3. 13.3 Rewards and Accolades
    4. 13.4 Achievements
    5. 13.5 Look After Your Shareholders
    6. 13.6 Monuments and Corporate Citizenship
    7. 13.7 View from Above: Looking back, Going Forward
    8. 13.8 Moving on
    9. 13.9 Gone Fishing
    10. References
  21. Index

Product information

  • Title: From Academia to Entrepreneur
  • Author(s): Eugene Khor
  • Release date: October 2013
  • Publisher(s): Academic Press
  • ISBN: 9780124167179