Posted on December 20, 2018 by steveblank
Five years ago, we integrated life sciences into evidence-based entrepreneurship: we taught the first class of Launchpad Lean Lean at UCSF, then at NIH and Imperial College. But it's been a while since I was in a room entirely made up of entrepreneurs in the life sciences sector. I was so excited to visit IndieBio, a life sciences accelerator in San Francisco. Think of IndieBio as a "Y-Combinator for Life Sciences with a wet lab" and you get what they're trying to do. This is a four-month program to help new biotechnology companies build their businesses. This funding has an initial funding of $ 250,000.
I met Arvind Gupta, founder and CEO of IndieBio, and explained how Lean methods apply to the life sciences.
If you can not see the video, click here
The first half of the conversation is about Lean and his origins.
The second half is about its applicability in the digital life and health sciences.
6:19 PM: Why does the Lean Startup work for startups in the life sciences sector?
10:34 pm: Your science is not a business
26:53: Your investors may love you but that's not the reason they're funding you
35:30: Lean is a bounding box around an infinite uncertainty
Classified in: Customer Development, Life Sciences (NIH) |