2 pages outline of preparing a new company

Develop 2 page outline of a new company you will form
For new science-based biotech (BISP194) or materials /chemical company (CHEM194) – unless get OK otherwise
Can be descriptive, but best to provide as bullets
You may confer with colleague(s), but not if colleague(s) is/are working on the same company
Should include each of the aspects listed under ‘Business Brief Components†beneath
Can be new idea (ask) or one of the following:

‘Prophecy†– Web platform soliciting ‘Crowd Sourcing†opinions from informed (internal) audience to optimally support business decisions
‘CDMO†– Offers contract manufacturing services to pharmaceutical and non-pharma clients
‘MyCrobe†– Offers a gut flora assay and probiotic pills as a prophylactic against Parkinsonâ€s Disease development
‘DMK Pharma†– Is developing a new opioid for chronic pain treatment with reduced risks of breathing cessation, dependency and diversion

Business Brief Components:

One-liner

Company name & what the company is and does

Market the company addresses

Target market, market size & growth/change (with source of info); value proposition

Competition
Technology

Outline what it is (or will be) & state of development
What needs to happen to get to the point of sales

Protection

Business Model (and, optional, Financials)

Team

5 (or so) key people (or skill/experience areas)

Personal Motivation

Why you are (or are not) enthused to make happen

 
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