Difference between revisions of "Team:Madrid-OLM/Entrepreneurship"

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<h3>★ ALERT! </h3>
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<p>This page is used by the judges to evaluate your team for the <a href="https://2018.igem.org/Judging/Medals">medal criterion</a> or <a href="https://2018.igem.org/Judging/Awards"> award listed below</a>. </p>
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<p> Delete this box in order to be evaluated for this medal criterion and/or award. See more information at <a href="https://2018.igem.org/Judging/Pages_for_Awards"> Instructions for Pages for awards</a>.</p>
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<h1>Entrepreneurship</h1>
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<h3>Best Supporting Entrepreneurship Special Prize</h3>
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In previous years, iGEM had an entrepreneurship track. Teams were encouraged to build projects and focus on commercializing their work. We have now moved to an award as the best work in this area may come from teams who are not solely focused on entrepreneurship.  
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<p>The Best Supporting Entrepreneurship award recognizes exceptional effort to build a business case and commercialize an iGEM project. This award is open to all teams to show that entrepreneurship is something all teams can aspire to do with their project. This award can go to an new project, or to a previous project that a team aimed to commercialize. Have you filed a provisional patent on your project/device/process? Have you raised money to build and ship products? Have you pitched your idea to investors and received money? As always in iGEM, the aim is to impress the judges!
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        <title>Entrepreneurship </title>
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<br><br>
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        <meta name="description" content="Hardware Award">
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To compete for the <a href="https://2018.igem.org/Judging/Awards">Best Supporting Entrepreneurship prize</a>, please describe your work on this page and also fill out the description on the <a href="https://2018.igem.org/Judging/Judging_Form">judging form</a>.
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You must also delete the message box on the top of this page to be eligible for this prize.
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<h3>Inspiration</h3>
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                            <h1 id="Teamtittle">Entrepreneurship </h1>
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<p>You can look at what other teams did to get some inspiration! <br />
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Here are a few examples:</p>
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                            <h4>When technology meets social needs </h4>
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<ul>
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                            <p class="lead mt--2">The sense of initiative and entrepreneurship should take into account a number of complementary factors. The essence of profitability has many sides, as a dice.</p>
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<li><a href="https://2016.igem.org/Team:Sydney_Australia">2016 Sydney Australia</a></li>
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                            <p class="lead">We would love to run fast enough to chase this sort of elegance!</p>
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<li><a href="https://2016.igem.org/Team:Pasteur_Paris">2016 Pasteur Paris</a></li>
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                            <p class="lead nomargin">We believe there is an iGEM mindset: any prospective benefits should take into account social improvement, sustainable development goals, and finally, progressive scalability oriented to contribute to humanity as a whole.</p>
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<li><a href="https://2014.igem.org/Team:UCC_Ireland">2014 UCC Ireland</a></li>
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                            <p class="lead">We would love to contribute to spreading these ideas as a competitive player in the market. That is why we are founding a startup based on what we have learned last year at iGEM.</p>
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<li><a href="https://2014.igem.org/Team:Imperial">2014 Imperial College London</a></li>
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</ul>
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                            <h4 class="mt--2">Enabling an entrepreneurial network </h4>
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</div>
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                            <p class="lead mt--2">Within the iGEM competition, we have been generating the business network that we will need to found a challenging and ambitious startup. Our roadmap is categorized into three main sections.</p>
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                            <h3 class="ourtittle">Talking to the future investors: HAX programme</h3>
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                            <img  class="figureimage mt--2" alt="Image1" src="https://static.igem.org/mediawiki/2018/b/b6/T--Madrid-OLM--Awards--HAX.png" style="width:80%;"/>
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                            <p class="lead mt--2">We have introduced our project to the leading Hardware accelerator in the world: HAX.</p>
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                            <p class="lead"><a href="http://hax.co/">HAX</a> is the Hardware branch of the global hedge fund SOSV and it is located in the Silicon Valley of the Hardware, Shenzhen (China). The HAX programme is divided into two stages: </p>
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                                <li><p class="lead">The first one where you obtain 100.000$ and a place to work within 6 months in Shenzhen to develop the most suitable manufacturing network for the product.</p></li>
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<h3>Patents and intellectual property</h3>
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                                <li><p class="lead">The second one is based on San Francisco and covers the development of the commercial structure for the startup.</p></li>
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                            <p class="lead nomargin">We had applied to HAX and we have been successfully selected for the first stage with the condition that all the biotech subsystems should be developed.</p>
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If your team is seriously considering commercializing and looking into building a company after the competition, you may want to look at how you are going to protect your work and secure investment. Investors will usually require some form of intellectual protection, so you may want to investigate how to apply for a patent or provisional patent in your country and region before disclosing your project at iGEM. Remember that you can only be evaluated in iGEM based on what you share on your wiki and at the Jamboree, so any work you don't present can't count towards your project. </p>
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                            <p class="lead nomargin">Throughout the iGEM competition, we had proved that our device measures correctly the target protein. Therefore, we had recovered the conversation with HAX.</p>
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                            <p class="lead nomargin">Once we are back from Boston we will prepare our travel to Shenzhen.</p>
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<p>This is an area where we are different as we care about sharing, openness and contributing to the community and investors don't always agree with these values. It is up to you and your team to decide what to do. Remember that most universities have a commercialization department and that you can talk to them before coming to a decision.  
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                            <h3 class="ourtittle">Making commercial agreements with Spanish biotech startups</h3>
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                            <img  class="figureimage mt--2" alt="Image1" src="https://static.igem.org/mediawiki/2018/7/74/T--Madrid-OLM--Awards--Aptus.png" style="width:60%;"/>
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                            <p class="lead mt--2">Although we have developed a discovery system for new aptamers, we have established a commercial agreement with an <a href="http://aptusbiotech.com/"></a>Spanish leader on the field, to integrate five of their working aptamers in our initial device.</p>
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                            <p class="lead">This agreement enables us to start implementing our system. Now we can escalate our device to five additional molecules, adding them to our initial protein: OLE1 (the most common allergen in olive pollen). </p>
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                            <h3 class="ourtittle">Customer development</h3>
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                            <p class="lead mt--2">Within our Integrated Human Practices, we have stepped out of the lab and gathered the opinion of the users on the system. In this way, we have followed a typical Customer Development process of the Lean Startup methodology, a standard way of testing customers.</p>
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                            <p class="lead">Following this direction, we have coordinated three actions:</p>
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                            <ol class="ourlist">
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                                <li><p class="lead">First we have diagnosed the pollen allergy to 14 persons, with a standard Prick test. Our 14 first potential members of our community!</p></li>
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                                <li><p class="lead">Then we showed them the platform that we have developed, gathering their opinions about the ease of use of our app interface. </p></li>
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                                <li><p class="lead">Finally, we have made some analysis and statistics about the profile of the users that have shown interest in our platform. With this analysis, the objective is to understand better our target archetype.</p></li>
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                            </ol>
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                            <p class="lead">Overall, coming across iGEM has been great. We have developed a product focused on a high social impact and development. We are founding a startup based on what we have learned. </p>
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                            <p class="lead">This experience has shown us the path to follow to love what we do and to become what we believe.</p>
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{{Madrid-OLM/footer}}

Latest revision as of 03:59, 18 October 2018

Madrid-OLM

Entrepreneurship

Entrepreneurship

When technology meets social needs

The sense of initiative and entrepreneurship should take into account a number of complementary factors. The essence of profitability has many sides, as a dice.

We would love to run fast enough to chase this sort of elegance!

We believe there is an iGEM mindset: any prospective benefits should take into account social improvement, sustainable development goals, and finally, progressive scalability oriented to contribute to humanity as a whole.

We would love to contribute to spreading these ideas as a competitive player in the market. That is why we are founding a startup based on what we have learned last year at iGEM.

Enabling an entrepreneurial network

Within the iGEM competition, we have been generating the business network that we will need to found a challenging and ambitious startup. Our roadmap is categorized into three main sections.

Talking to the future investors: HAX programme

Image1

We have introduced our project to the leading Hardware accelerator in the world: HAX.

HAX is the Hardware branch of the global hedge fund SOSV and it is located in the Silicon Valley of the Hardware, Shenzhen (China). The HAX programme is divided into two stages:

  1. The first one where you obtain 100.000$ and a place to work within 6 months in Shenzhen to develop the most suitable manufacturing network for the product.

  2. The second one is based on San Francisco and covers the development of the commercial structure for the startup.

We had applied to HAX and we have been successfully selected for the first stage with the condition that all the biotech subsystems should be developed.

Throughout the iGEM competition, we had proved that our device measures correctly the target protein. Therefore, we had recovered the conversation with HAX.

Once we are back from Boston we will prepare our travel to Shenzhen.

Making commercial agreements with Spanish biotech startups

Image1

Although we have developed a discovery system for new aptamers, we have established a commercial agreement with an Spanish leader on the field, to integrate five of their working aptamers in our initial device.

This agreement enables us to start implementing our system. Now we can escalate our device to five additional molecules, adding them to our initial protein: OLE1 (the most common allergen in olive pollen).

Customer development

Within our Integrated Human Practices, we have stepped out of the lab and gathered the opinion of the users on the system. In this way, we have followed a typical Customer Development process of the Lean Startup methodology, a standard way of testing customers.

Following this direction, we have coordinated three actions:

  1. First we have diagnosed the pollen allergy to 14 persons, with a standard Prick test. Our 14 first potential members of our community!

  2. Then we showed them the platform that we have developed, gathering their opinions about the ease of use of our app interface.

  3. Finally, we have made some analysis and statistics about the profile of the users that have shown interest in our platform. With this analysis, the objective is to understand better our target archetype.

Overall, coming across iGEM has been great. We have developed a product focused on a high social impact and development. We are founding a startup based on what we have learned.

This experience has shown us the path to follow to love what we do and to become what we believe.