establishing an irish biotech company, kieran curran, ceo of gen cell

Establishing an Irish Biotech Company

23rd May 2014

Kieran Curran, CEO

Overview

1. GenCell Overview

2. Professional Background

3. The Problem, Opportunity and Solution

4. Technology

5. Spreading the Word

6. Funding the Journey

7. Future Plans

GenCell develops advanced genetic testing equipment

… we turn the science of biology into engineering for the improvement of human, animal and plant health …

I I I I I I I

US Subsidiary

Professional Background

Tech Startup Tech Consultancy Tech Startup Ph.D.

I I I I I

Top 10 Facts About GenCell

1. Company is 3 years old

2. Employs 55 people – 50 in Limerick + 5 USA

3. Propelled by local talent

4. 25% of our employees hold a Ph.D.

5. 20,000 ft2 base in Raheen Business Park

6. US sales & support offices in Madison, Wisconsin

7. Our customers are global market leaders

8. Now exporting our products worldwide

9. Changing how genetic sequencing is performed

10. We have big plans for the future…

Most approaches are:

1. Cumbersome

2. Expensive

3. Time consuming

Agriculture Drug Discovery Inherited Diseases Infectious Diseases

The Problem The world has yet to fully benefit from the genetics revolution

25% Large Sequencing Centers

75%

Specialized Hospitals and Smaller Labs

N. America Europe Asia S. America

15% Growth

The Opportunity in a Growing Market

Small & Mid-sized

Sequencing Centres

Large Genomic

Centres

GenCell’s Technology Complements the Existing Sequencing Market

~ 25%

~ 75%

In excess of 7,700 sequencing machines

installed in academic and research

institutions globally1 …

… significant growth >15% p.a. arising

from sequencing “coming of age”

1Source: BCC “DNA Sequencing: Emerging Technologies and Applications”,

Our Solution: CLiCTM

… an Irish Technology Transforming Genetic Testing

Launched

Feb 2014

Launching

Early 2015

GenCell Technology

US Patent Awarded Feb 2013 Best New Product Award 2013

GenCell Technology

Best New Product Award 2013

US Patent Granted

Spreading the Word

AGBT Florida:

World’s Premier Genetics Conference

Competing with multi-billion dollar

corporations

First Irish company to launch a product

at this event

Returning in 2015 with new product

CLiC Product Launch 2014

Spreading the Word

Compete with Imagination not Cash

Guerilla Marketing

Social Media

1. Profitability

2. Fully Realizing Staff Potential

3. Competitive Pricing

4. Product Roadmaps

Strategic Priorities

Funding the Journey Blue Chip Customers + Angel Investment

Note: Contract amount includes billed and agreed amounts

2011

2012

2013

2014 + additional

follow-on

contracts

(Other) Top 3

Global AgBio

Company

US-based

Cancer

Research

Institution

Imminent

Research

Focused US

Medical

Clinic

Asian

Genome

Research

Institution

Academic

Institution

with Sequencing

Focus

Top 3 Global

AgBio

Company

(Other) Top 3

Global AgBio

Company

+ additional

follow-on

contracts

Top 3

Global Animal

Health

Company

Brazilian

Health Ministry

Europe’s

Largest

Genome

Institution

Future Plans: GenCell Today Raheen Business Park, Limerick

Future Plans: GenCell Today High Tech Production

Expanded GenCell Facility (Q3 2015) A Vision for the Future of Irish Biotech

A Few Words of Acknowlegement

Thank You