The pharmaceutical industry’s business model has been in a crisis since the early 2000’s. With huge investments in research and development and very little output, companies have been forced to rethink their strategy. The industrials have looked at externalizing their research to university research centers, to reduce costs and access their academic expertise. They helped create collaborative teams with both academic and industrial researchers, to take fundamental innovations and turn them into drugs and treatments. But this translational research isn’t just a demand from the industry, it’s a dynamic that also comes from both federal government initiatives and change in the academic perspective. Continue reading
After trailing far behind other Universities like MIT or Babson College, it seems like Harvard is really willing to catch up in the race for entrepreneurship. After opening their Innovation Lab a couple of months ago, the University decided to go further and launched an experiment fund that will provide up to $250,000 in seed fund, mainly to student-led teams in Cambridge, MA. That’s a big move for the university, that certainly doesn’t want to see the next Marc Zuckerberg leave the campus for the Silicon Valley ! Continue reading
Last week, Harvard’s President Drew Faust and Boston’s mayor Thomas Menino gathered for the launching of Harvard’s brand new Innovation-Lab, whose great goal is to foster Entrepreneurship projects in the various faculties composing the University. The $20 millions facility will offer collaborative spaces, rooms, mentoring supports and entrepreneurship classes to all students willing to develop a project on their own, be it with other Harvard student or “outsiders”. While its development model is still to be determined, Gordon Jones, director of the Lab, plans to let the student envision the future of the lab. Sounds a lot like developing a startup! 4 000 students already visited the I-Lab during it’s opening day, and a startup scramble week end engaged some of them to explore and develop business ideas.
While the I-Lab is still a kindergartner compared to similar facilities such as the MIT Media Lab or Stanford’s Desisseroth Lab, it ambitions to become a must-go place for Boston based entrepreneurs. Will that be enough to keep the most promising startups to fly to Silicon Valley ? Let’s hope so !
“Students Startup America” With Lessons On What It Takes To Be a Successful Entrepreneur – Lauren Landry – Bostinno.com
Boston, Meet the i-lab: The Future of Entrepreneurship Begins Here – Zachary Hamed – Xconomy Boston
Selena Gomez Invests in Los Angeles Start-up – Courtney Rubin – Inc
Understanding Equity Splits: Insights from TechStars – Carlos Dedesma – MIT Entrepreneurship Review
Case Study on How Collaboration Drives Innovation in Emerging Economies – Madhu Mani & Jayesh Badani – InnovationManagement.se
Richard Li-Hua on Innovation and Innovation Management – Karin Wall – InnovationManagement.se
Who to Follow on Twitter for Innovative Business Ideas – Kara Ohngren – Entrepreneur.com
The Top Tech Investment of 2011 – Christina DesMarais – Inc.com
Investors should be even more worried about Groupon, as its share price falls – Rocky Agrawal – Venture Beat
Enjoy the reading !