Become Fundable
BUSINESS PLANS FOR BIOTECH AND MEDTECH STARTUPS
You are probably either chomping at the bit to write your business plan and share your new venture idea with others or you find the writing part of the process dreadful. If you’re in the latter group, dread it no more. You can use the one-page business model canvas or just PowerPoint slides. It does not need to be a 500-page leather-bound volume.
Today’s business environment is so dynamic that information changes too quickly for a business plan to stay current and be useful. So think of your business plan as a snapshot in time and revisit it often to keep it current.
No matter where your biotech funding is or will be coming from, you need a business plan -in writing- to capture your thoughts, articulate your business proposition and, most importantly, capture what you don’t know. The sooner you can identify your knowledge gaps and potential risks, the sooner you can figure out how to get answers and develop your risk mitigation plans.
We’ll work together to capture all the critical elements of a business plan, challenge your thinking (in the kindest way possible!), and identify risks and open questions. Your business mentor and biggest advocate is here to help.
“Sandy is as close as you can get to pressing the “Easy Button” to write a successful grant application. She can integrate input from a multi-disciplinary team, review key technical content, identify gaps in a company’s go to market strategy or commercialization plan, write a clear and compelling research project plan, and do what it takes for a successful submission. This is extremely valuable and can save a medical device startup a significant amount of time and money.”
Angie Zavoral Conley, Chief Executive Officer, Abilitech Medical
BIOTECH AND MEDTECH INVESTOR PITCH DECK
As a biotech startup, you may seek private sector funding: use your own funds, money from friends and family, bank loans, or look for investments from private equity, venture capitalists or angel investors. Unless you are self-funding your business, other investors will want to know as much as they can about your new venture.
While your business plan is a key document that covers your business in detail, oftentimes, a concise, compelling, and complete with key information presentation needs to be given to potential investors.
The golden rule applies here: know thy audience. And avoid all the rookie mistakes.
Are you pitching to investors from the biotech industry who will understand the details of your technology or investors from other industries?
Are you covering all the key elements of an investor pitch deck or sweeping weak areas under the rug?
Are you stuffing each slide with enough information that would fill up 10 separate slides?
Are you only focusing on the content and forgetting to make your presentation visually appealing?
We’ll work together to understand your target investors and prepare a pitch deck that paints the best possible picture about the business opportunity you’re offering.
Let's Talk
SBIRs AND OTHER GOVERNMENT GRANTS
There are several government funding opportunities, especially for small businesses, such as the Small Business Innovation Research (SBIR) program. If you have decided to write a grant proposal, you could benefit from working with an experienced grant reviewer who can help you craft your grant proposal in the best possible light.
We can help with writing, reviewing your proposal or incorporating reviewers’ feedback if you have already submitted grants to government agencies. Okay, to be completely accurate, we can help with re-writing or editing, not the actual first draft. And that’s because you should never outsource your proposal writing, in our humble opinion. You know your company, technology, and products best. You may be the worst writer ever but do put together the first draft. You will be able to capture details that only you and your team know about. Then we can take that first draft and tear it apart appropriately. 🙂
SBIRs are highly competitive with very low success rates that you can find online by the funding agencies. Be realistic about your odds of getting the grant. A best-case scenario is that you’re planning on getting the work done with or without the grant. In that case, it is totally worth it because you may get undiluted funding to complete at least part of the work.
Depending on the grant, you may need to write both a research plan and describe the business opportunity. Few people are strong writers in both areas. That’s where we excel and can help.
“Sandy has been a valuable advisor to us, with a broad understanding of the commercial and technical aspects of our industry and wide range of experience from biologics to electro-mechanical devices. Sandy has an effective style of listening to understand our needs, asking insightful questions, and providing clear advice and recommendations. She has been very helpful in evaluating our strategic commercial plans as well as organizational development.”
Jamal Rushdy, President, Collagen Solutions
| BUSINESS PLANS FOR BIOTECH AND MEDTECH STARTUPSYou are probably either chomping at the bit to write your business plan and share your new venture idea with others or you find the writing part of the process dreadful. If you’re in the latter group, dread it no more. You can use the one-page business model canvas or just PowerPoint slides. It does not need to be a 500-page leather-bound volume. Today’s business environment is so dynamic that information changes too quickly for a business plan to stay current and be useful. So think of your business plan as a snapshot in time and revisit it often to keep it current. No matter where your biotech funding is or will be coming from, you need a business plan -in writing- to capture your thoughts, articulate your business proposition and, most importantly, capture what you don’t know. The sooner you can identify your knowledge gaps and potential risks, the sooner you can figure out how to get answers and develop your risk mitigation plans. We’ll work together to capture all the critical elements of a business plan, challenge your thinking (in the kindest way possible!), and identify risks and open questions. Your business mentor and biggest advocate is here to help. |
| BIOTECH AND MEDTECH INVESTOR PITCH DECKAs a biotech startup, you may seek private sector funding: use your own funds, money from friends and family, bank loans, or look for investments from private equity, venture capitalists or angel investors. Unless you are self-funding your business, other investors will want to know as much as they can about your new venture. While your business plan is a key document that covers your business in detail, oftentimes, a concise, compelling, and complete with key information presentation needs to be given to potential investors. The golden rule applies here: know thy audience. And avoid all the rookie mistakes. Are you pitching to investors from the biotech industry who will understand the details of your technology or investors from other industries? Are you covering all the key elements of an investor pitch deck or sweeping weak areas under the rug? Are you stuffing each slide with enough information that would fill up 10 separate slides? Are you only focusing on the content and forgetting to make your presentation visually appealing? We’ll work together to understand your target investors and prepare a pitch deck that paints the best possible picture about the business opportunity you’re offering. |
| SBIRs AND OTHER GOVERNMENT GRANTSThere are several government funding opportunities, especially for small businesses, such as the Small Business Innovation Research (SBIR) program. If you have decided to write a grant proposal, you could benefit from working with an experienced grant reviewer who can help you craft your grant proposal in the best possible light. We can help with writing, reviewing your proposal or incorporating reviewers’ feedback if you have already submitted grants to government agencies. Okay, to be completely accurate, we can help with re-writing or editing, not the actual first draft. And that’s because you should never outsource your proposal writing, in our humble opinion. You know your company, technology, and products best. You may be the worst writer ever but do put together the first draft. You will be able to capture details that only you and your team know about. Then we can take that first draft and tear it apart appropriately. 🙂 SBIRs are highly competitive with very low success rates that you can find online by the funding agencies. Be realistic about your odds of getting the grant. A best-case scenario is that you’re planning on getting the work done with or without the grant. In that case, it is totally worth it because you may get undiluted funding to complete at least part of the work. Depending on the grant, you may need to write both a research plan and describe the business opportunity. Few people are strong writers in both areas. That’s where we excel and can help. |
“Sandy is as close as you can get to pressing the “Easy Button” to write a successful grant application. She can integrate input from a multi-disciplinary team, review key technical content, identify gaps in a company’s go to market strategy or commercialization plan, write a clear and compelling research project plan, and do what it takes for a successful submission. This is extremely valuable and can save a medical device startup a significant amount of time and money.”
Angie Zavoral Conley, Chief Executive Officer, Abilitech Medical
Let's Talk
“Sandy has been a valuable advisor to us, with a broad understanding of the commercial and technical aspects of our industry and wide range of experience from biologics to electro-mechanical devices. Sandy has an effective style of listening to understand our needs, asking insightful questions, and providing clear advice and recommendations. She has been very helpful in evaluating our strategic commercial plans as well as organizational development.”
Jamal Rushdy, President, Collagen Solutions
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