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Press Releases Media Coverage

From Bench to Business: A Biotech Commercialization Workshop

November 9, 2009

Press Releases Media Coverage

From Bench to Business: A Biotech Commercialization Workshop

November 9, 2009

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Jim McDonough quote

Commercializing life science research takes science out of the lab and puts it into the market.  For many research scientists, the marriage between life science and business can be an exciting venture, but there has traditionally been a divide between the two worlds.  Thus, there is a need to help researchers bridge the gap between academia and entrepreneurship.

Through the new Bench to Business workshop, moderated by the Emerging Leaders Network (ELN) division of Georgia Bio (GaBio), select Georgia life science researchers sponsored by their universities can gain hands-on, expert-directed guidance through the biotechnology commercialization process.  Participants in the once per month, seven-month long workshop will come ready to put their technologies to the test as experts discuss various topics from assessing science and technology as a business opportunity to understanding sources of capital and how to secure funding.

When describing the goals of the workshop, organizer Jim Heitner of Georgia Venture Partners emphasized the focus on a practical and interactive approach. Jim McDonough of Fish & Richardson, another Bench to Business organizer elaborated, “Participants will be required to complete assignments between workshops to continue moving the ball forward” At the end of the series, he further explained, participants will have the opportunity to present to and have their technology assessed by industry experts.

In addition to navigating scientists through commercialization, another major emphasis of the workshop is to expose researchers to the realities of technology commercialization.   “We want them to learn to deal with day to day issues entrepreneurs face in commercializing biotechnology,” Mr. McDonough said. By networking with experts throughout the course of the series, the scientists can get help in real-time.

Although the Bench organizers are still in the recruitment phase with a goal of 10-15 participants from Emory University, Georgia State University, Georgia Institute of Technology and University of Georgia for the first session, the ultimate goal is to expand the program to Georgia-wide academic research institutions as well as to Georgia corporations. To learn more email eln@gabio.org.

The ELN division of GaBio provides emerging and established professionals with opportunities for developing contacts and mentorships through networking and educational programming.

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