golden horseshoe bioscience network – solutions for life golden horseshoe biosciences network –...
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Golden Horseshoe Bioscience Network – Solutions for LifeGolden Horseshoe Biosciences Network – Solutions for Life
Darlene Homonko, PhDExecutive [email protected] of Innovative
Research: Implementing Solutions that Work for CanadaOsgoode Hall ,York UniversityToronto ON
Thoughts for Successful Commercialization
March 20, 2009
Golden Horseshoe Bioscience Network – Solutions for Life
Partners in a Regional Innovation Initiative
Network of business leaders, researchers, entrepreneurs, and economicdevelopment officers involved in biosciences, biotechnology, and related fields
Industry
Academic Institutions
Health Sciences Centres & Hospitals
Federal & Provincial
Government
Business Support Services
Other Regions & Consortia
Municipal Governments
GHBN
Golden Horseshoe Bioscience Network – Solutions for Life
Fundamentals
1. Assets
2. Opportunity
3. Resources
Golden Horseshoe Bioscience Network – Solutions for Life
Cultures with Different Values
Academia
Publish
Research
Share information
Answer to public
Inclusive
Driven by ideas
Time insensitive
Industry
Patent
Development
Secretive
Answer to shareholders
Exclusive
Driven by markets
Time sensitive
Golden Horseshoe Bioscience Network – Solutions for Life
Currency for Commercialization
Research outcomes that produce value -
Intellectual Assets– Patents– Copyrights– Trademarks– Know How
Golden Horseshoe Bioscience Network – Solutions for Life
The Opportunity
3 Fundamental ‘Value Drivers’ -
• Competitive Product Advantage/ Markets
• Technology/IP opportunities
• Management
Golden Horseshoe Bioscience Network – Solutions for Life
Keys to Early Stage Success
Orientation to products, markets and partnersFocus on scientific milestonesPatent strategyOperationally sound development planManagementFounders need to be engaged Commercial expertiseCreate value at every development stage
Golden Horseshoe Bioscience Network – Solutions for Life
Issues Affecting Successful Commercialization
Technology or Intellectual Property 38%Economics/ROI 35%Market 27%
Golden Horseshoe Bioscience Network – Solutions for LifeGolden Horseshoe Biosciences Network – Solutions for Life
Darlene Homonko, PhDExecutive [email protected]
Darlene Homonko, PhDwww.ghbn.org