Attending 2011 Bioengineering Entrepreneurship Conference at UCSD.
Personalized Medicine and innovation.
As the cost of sequencing DNA (3.5G gases, only 1.5% code for protein)goes down, roughly following the Moore's Law (# processors in an area for semiconductors), it is now possible to decode 3 full human genome within 1 week for several thousand dollars (before it took 10years and billion dollars). A new paradigm of medicine will arise with personalized medicine where DNA sequence is analyzed while the subject is a baby and where PREVENTIVE medicine is applied, based on the information derived from the sequenced data.
Life Technologies(Frederic Pla, PhD)--> Biology is going to explode in the next decade once again!!
Invivoscribe (Jeffrey Miller, PhD): --> asking the question why to something that doesn't normally match...always have people around you who opposes your ideas, so you will be good at defending your model.
-While you have IP, make sure you do something that are socially responsible...so even after the IP expires, brand itself will remain (Kleenex).
-Strong believer of organic growth of company.
-Key elements to success
-identify opportunity
- understand market
- Don't choose something obsolete
- Kill bad projects early
- pick team of rivals
- Any high tech has to have a good IP
- ENJOY the business! "I'll pay to do my job!"
- Don't assume that your technology will always be competitive! (be paranoid!)
Personalized Medicine and innovation.
As the cost of sequencing DNA (3.5G gases, only 1.5% code for protein)goes down, roughly following the Moore's Law (# processors in an area for semiconductors), it is now possible to decode 3 full human genome within 1 week for several thousand dollars (before it took 10years and billion dollars). A new paradigm of medicine will arise with personalized medicine where DNA sequence is analyzed while the subject is a baby and where PREVENTIVE medicine is applied, based on the information derived from the sequenced data.
Life Technologies(Frederic Pla, PhD)--> Biology is going to explode in the next decade once again!!
Invivoscribe (Jeffrey Miller, PhD): --> asking the question why to something that doesn't normally match...always have people around you who opposes your ideas, so you will be good at defending your model.
-While you have IP, make sure you do something that are socially responsible...so even after the IP expires, brand itself will remain (Kleenex).
-Strong believer of organic growth of company.
-He transitioned seamlessly from research to research and that prepared him in business (being able to see the key components in research.違う畑のものをどんどん見ていると、その中に共通するものが見えてくる）
-Key elements to success
-identify opportunity
- understand market
- Don't choose something obsolete
- Kill bad projects early
- pick team of rivals
- Any high tech has to have a good IP
- ENJOY the business! "I'll pay to do my job!"
- Don't assume that your technology will always be competitive! (be paranoid!)
