Difference between revisions of "Team:Leiden/Entrepreneurship"

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      <h1 class="SectionTitle">Entrepreneurship</h1>
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      <p>During the development of our 50S.O.S. bacterial cell stress screening kit we have come to the conclusion that a company would be the best method for the distribution of 50S.O.S., based on conversations with a variety of researchers
 +
        currently researching novel antibiotic therapy approaches. This page will showcase how we would approach the development of this company. 50S.O.S. will be sold as an easy to use kit, which we will develop ourselves. The first years of
 +
        research
 +
        will be used for product development, after which we will begin a start-up and start producing the 50S.O.S. kit. With the revenue we will pay back our investors and simultaneously invest in our own research into new antibiotics, thereby
 +
        creating a hybrid business.</p>
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    </div>
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    <section class="popout chapter">
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      <div class="collapsible"> Why a commercial product?</div>
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      <div class="collapsibleContent">
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        <h2 class="SubSectionTitle"></h2>
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        <p>There are many options for distributing our stress detection system to future users. Whilst we worked on the development of our stress receptor cell lines, we realised that to simplify the use of our system, creating <span class="blobs"><a
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              href="https://2018.igem.org/Team:Leiden/Human_Practices" class="popoutBlob" target="_blank"> Read more about this decision on our Integrated Human Practices page</a><span> a kit would be the best option.</span></span> The main advantage
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          of a kit is that it requires little preparation before use by a researcher, contrary to for example just a cell line. After our visit to the start-up company Karveel, we realised that the kit should be easy to use, compatible with current
 +
          devices, and affordable. Based on these requirements, we have developed <span class="blobs"><a href="https://2018.igem.org/Team:Leiden/Applied_Design" class="popoutBlob" target="_blank"> Read more about our 50S.O.S. kit on our Product
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              Design page</a><span> the 50S.O.S. stress detection kit.</span></span> Selling this kit would make it available for researchers all over the world and simplify the search for antibiotics. <br><br>
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          After patenting the kit, we have several options. We can sell the patent to an established company which already has the means to produce the kit or we can keep the patent rights to produce the product ourselves. We prefer the latter
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          option since the chance that a large company will buy patent rights in this early stage of development is very small and because our technology is very innovative, it has the capacity to grow from a small start-up to a large company.</p>
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      </div>
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    </section>
  
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    <section class="popout chapter">
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      <div class="collapsible"> Unique selling point and Patenting</div>
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      <div class="collapsibleContent">
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        <h2 class="SubSectionTitle">Current antibiotic discovery methods</h2>
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        <p>There are currently only a few methods to test compounds for their ability to function as an antibiotic. For natural compounds, such as those originating from fungi or streptomyces, screening focuses on bacterial lethality or growth
 +
          inhibition. For example, to discover antibiotics produced by streptomyces, streptomyces are dotted onto a plate. After a colony of streptomyces has formed, a layer of soft agar is added which contains the bacteria to test the antibiotic
 +
          potential. Similar to disk diffusion, a dark halo will form if the streptomyces produce a compound which kills surrounding bacteria<sup>[1]</sup>. <br><br>
 +
          Alternatively, specific compounds can be tested by adding them to a growth culture of bacteria. Subsequently, growth of these bacteria is measured to determine whether growth is being inhibited or if bacteria are being killed by the added
 +
          compound. Such methods are often used to test slightly altered versions of existing bactericidal compounds, with the goal of improving effectiveness. Once a candidate antibiotic is found, the minimal inhibitory concentration can be
 +
          determined as a measure of bacterial susceptibility to this compound<sup>[2]</sup>. <br><br>
 +
          The considerable downside to both methods is that only death and growth inhibition are measured. If there is only minor damage - which does not inhibit growth -, it does not show in the tests. Although these damaging compounds may not be
 +
          lethal, they could still contribute to the effectiveness of other antibiotics or be lethal together with another stressful compound. Additionally, the previously discussed methods are either relatively simple and do not require special
 +
          compounds, or require a large variety in specific life forms - such as streptomyces -, making kits for these tests ineffective. <br></p>
  
<div class="column full_size">
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        <h2 class="SubSectionTitle">Unique selling point</h2>
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        <p>Contrary to existing systems, 50S.O.S. uses specific components, namely our stress detecting cell lines, which are easier to use when prepared in a kit. This will aid in the discovery of new antibiotics which is needed in order to
 +
          decrease the rate of resistance. The unique selling point of our kit is the ability to not only detect bacterial death or growth inhibition, but also bacterial stress. This allows for the detection of much lower concentrations of lethal
 +
          compounds and the identification of non-lethal, stressful substances, which can be used in lethal combination therapies. Additionally, our kit indicates the type of stress being experiences by the bacteria. Knowing the specific form of
 +
          stress gives an insight into the mode of action of the compound, thereby accelerating drug development pipelines. As such, 50S.O.S. can be used in both research and drug development. </p>
  
<h1>Entrepreneurship</h1>
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        <h2 class="SubSectionTitle">Patents</h2>
 +
        <p>To obtain information regarding the legal aspects of our product development, we spoke to <span class="blobs"><a href="https://luris.nl/" class="popoutBlob" target="_blank">Luris is a department of Leiden University which aims to connect
 +
              the university to the market and helps researchers with the legal challenges that come with patenting and start ups</a><span> Luris.</span></span> After this meeting, we realised that in the development of kits such as 50S.O.S., it is
 +
          common practice to patent the kit in order to protect it's free use. This means that it would protect the use of the cell line in the form of a kit, while the cell line itself is still open source. This patent would not be defended or
 +
          upheld, but it prevents others from patenting our product. This allows companies to freely use our product, while at the same time allowing us to keep producing the kit. The patenting will be done in consultation with Luris, which is
 +
          specialised in patents.</p>
  
</div>
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        <div class="smaller refs">
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          <h3>References</h3>
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          <p id="Ref1">[1]: Shetty et al.(2014). Production of polypeptide antibiotic from Streptomyces parvulus and its antibacterial activity. Brazilian Journal Of Microbiology, 45(1), 303-312. doi: 10.1590/s1517-83822014005000022
 +
          </p>
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          <p id="Ref2">[2]: Dafale et al. (2016). Selection of appropriate analytical tools to determine the potency and bioactivity of antibiotics and antibiotic resistance. Journal Of Pharmaceutical Analysis, 6(4), 207-213. doi:
 +
            10.1016/j.jpha.2016.05.006
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          </p>
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        </div>
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      </div>
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    </section>
  
<div class="column two_thirds_size">
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    <section class="popout chapter">
<h3>Best Supporting Entrepreneurship Special Prize</h3>
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      <div class="collapsible"> Support and Partners</div>
<p>
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      <div class="collapsibleContent">
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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        <h2 class="SubSectionTitle"></h2>
</p>
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        <p>Any good product needs support to get onto the market. Our main partner would be Leiden University through university programmes such as Luris, which help start-ups from the university and can be very useful in the initial stages.<br><br>
 +
          We should also work with partners outside of the university in order to maximize our network. We already have contact with Sarstedt and Karveel. Additionally, we have a collaboration with the programme <span class="blobs"><a href="https://www.sciencemeetsbusiness.nl/"
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              class="popoutBlob" target="_blank"> Science meets Business aims to connect scientists and entrepreneurs by giving strategic advice and linking start-ups with investors.</a><span> 'Science meets
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              Business'</span></span>. They have a large network which we
 +
          can use to find investors. They have expressed in a <span class="blobs"><a href="https://static.igem.org/mediawiki/2018/5/5a/T--Leiden--EntrepreneurshipLetterOfInterest.pdf" class="popoutBlob" target="_blank"> Click here to view Science meets
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              Business' Letter of Intent</a><span> letter of intent</span></span> that they will help
 +
          us with the business development and finding suitable investors.
 +
        </p>
  
<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!
+
        <h2 class="SubSectionTitle">Subsidies and Funding</h2>
 +
        <p>In order to finance our research, we have looked into different funds. The NWO - a dutch organisation for scientific research - funds many different universities and companies which aim to solve societal problems. The maximum amount of
 +
          the fund is € 2.500.000,-. Our company would be a perfect fit for this fund, since antibiotic resistance is a rapidly growing problem. Investing in a solution now will save a lot of money in the future<sup>[3]</sup>. <br><br>
 +
          Further funding could be received from the Egberts Stichting, which funds medical research<sup>[4]</sup>. In addition to this, the RIVM has informed us that the Dutch government intends to invest more money in the future, to help solve the
 +
          antibiotic resistance crisis. Also, <span class="blobs"><a href="https://2018.igem.org/Team:Leiden/Human_Practices" class="popoutBlob" target="_blank"> Read more about our dialogue with the Dutch ministry of Healthcare on our Integrated
 +
              Human Practices page</a><span> the Dutch ministry of Healthcare</span></span> has expressed the intent to invest in projects like ours. <br><br>
 +
          Our product would also be eligible for international funding. During our meeting with Kees de Joncheere, who works at the <span class="blobs"><a href="https://nadp.nl/" class="popoutBlob" target="_blank"> The Netherlands Antibiotic
 +
              Development Platform (NADP) facilitates the collaboration between public and private organisations aimed at developing new antibiotics and alternative therapies, from initial idea to final product.</a><span> NADP</span></span>, we were
 +
          told the EU invests in many projects such as ours. Another possibility is funding from Carb-X in Boston, which is a large fund aimed at research into antibiotic resistance.
 +
        </p>
  
<br><br>
+
        <div class="smaller refs">
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>.
+
          <h3>References</h3>
<br><br>
+
          <p id="Ref3">[3]: NWA Startimpuls. (2018). Retrieved from https://www.nwo.nl/financiering/onze-financieringsinstrumenten/nwo/nwa-startimpuls/nwa-startimpuls.html
You must also delete the message box on the top of this page to be eligible for this prize.
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          </p>
</p>
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          <p id="Ref4">[4]: Egbers Stichting. (2018). Retrieved from https://www.finportal.nl/egbers-stichting-stimuleringsfonds-voor-medisch-wetenschappelijk-onderzoek
</p>
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          </p>
</div>
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        </div>
 +
      </div>
 +
    </section>
  
<div class="column third_size">
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    <section class="popout chapter">
<div class="highlight decoration_A_full">
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      <div class="collapsible"> Marketing</div>
<h3>Inspiration</h3>
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      <div class="collapsibleContent">
<p>You can look at what other teams did to get some inspiration! <br />
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        <h2 class="SubSectionTitle">Market assessment</h2>
Here are a few examples:</p>
+
        <p>Potential buyers of 50S.O.S. are businesses and researchers who are interested in the development of novel antibiotics, combination therapies or those who want to improve their previously developed drugs. As it is expensive to look for
<ul>
+
          entirely novel drugs, it is expected that companies will mostly use the kit to improve previously discovered drugs. Additionally, researchers can use 50S.O.S. to study stress in bacteria and the development of resistance. </p>
<li><a href="https://2016.igem.org/Team:Sydney_Australia">2016 Sydney Australia</a></li>
+
        <h2 class="SubSectionTitle">Market interest</h2>
<li><a href="https://2016.igem.org/Team:Pasteur_Paris">2016 Pasteur Paris</a></li>
+
        <p>50S.O.S. is a simple kit that can be used by any modern lab. Any lab that aims to detect stress in bacteria may buy our kits. This might apply to academic, commercial or educational laboratories. Pharmaceutical companies will want to
<li><a href="https://2014.igem.org/Team:UCC_Ireland">2014 UCC Ireland</a></li>
+
          determine the effect of antimicrobial compounds on bacteria. Similarly, academic researchers investigating antimicrobial compounds and peptides will want to use 50S.O.S. to easily determine bacterial stress being induced by their
<li><a href="https://2014.igem.org/Team:Imperial">2014 Imperial College London</a></li>
+
          substances of interest. We have already spoken to a variety of such researchers, <span class="blobs"><a href="https://2018.igem.org/Team:Leiden/Human_Practices" class="popoutBlob" target="_blank"> Read more about these researchers on our
</ul>
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              Integrated Human Practices page</a><span> who have expressed their interest in our technique.</span></span> </p>
</div>
+
      </div>
</div>
+
    </section>
  
 +
    <section class="popout chapter">
 +
      <div class="collapsible"> Exploitation Strategy</div>
 +
      <div class="collapsibleContent">
 +
        <h2 class="SubSectionTitle"></h2>
 +
        <p>During the development of an exploitation strategy for our company, we discussed our approach with <span class="blobs bottom"><a href="https://luris.nl/" class="popoutBlob" target="_blank">Luris is a department of Leiden University which
 +
              aims to
 +
              connect the university to the market and helps researchers with the legal challenges that come with patenting and start ups</a><span> Luris.</span></span>. Based on these discussions, we decided that the company should work with a
 +
          hybrid business plan for the sale of 50S.O.S. This means the company will consist of two main elements. The first is the production of the kit itself, which will be the company’s main source of income. This element includes further product
 +
          development, finding the necessary machinery and a suitable company site. After these stages of business development have been completed, production is initiated and income will be generated. The next two steps are continuous improvement
 +
          of our 50S.O.S. stress detection kit and initiating the second aspect of our company.<br><br>
 +
          This second element will be research into new antibiotic combinations therapies. With our own stress detection technology, we will try to find new antibiotic compound combinations which can serve as novel antibiotics. A share of the
 +
          company’s income will be used to finance this research. Once such a combination is found, this will again contribute to the revenue to support further research.<br><br>
 +
          We have chosen this particular strategy for multiple reasons. First of all, we want to distribute our stress detection system around the globe and in order to achieve this, a company was the best option. This way we make sure that 50S.O.S.
 +
          reaches the market and is not lost among the other ideas of large companies. The second element of our business strategy to discover new antibiotic compound combinations originates from the idea that we want to solve the antibiotic
 +
          resistance crisis. Established companies are hesitant to invest in research towards antibiotics because they are afraid their investment will not be returned. The two reasons for this are the fear that the company is obligated to keep the
 +
          antibiotic at a low price and the significant chance that novel antibiotics will be shelved and only used as a last resort drug, thereby leading to low sales figures. Therefore, we intend to engage in the search for new antibiotic compound
 +
          combinations ourselves, to help ensure that the antibiotic resistance crisis is averted.<br>
 +
        </p>
 +
      </div>
 +
    </section>
  
 +
    <section class="popout chapter">
 +
      <div class="collapsible">Realisation Schedule</div>
 +
      <div class="collapsibleContent">
 +
        <h2 class="SubSectionTitle"></h2>
 +
        <p>We have estimated a realisation schedule for the first years of the company. The first important task will be product development, this will take approximately two years. The product will be further developed in a lab supplied by our
 +
          partner, Leiden University. Simultaneously, the patent rights for the system will be acquired.<br><br>
 +
          The third and fourth year will be the transition time from a small lab at Leiden University to a larger production location. At the same time, the marketing will be started. After a total of four years, the facilities should be ready for
 +
          production. From here on, we will sell our kits while continuing development of 50S.O.S. and starting research into finding novel compound combinations.<br><br>
 +
          The time it will take to find a new compound combination is hard to predict. We estimate it will take around 4 years of research.
 +
        </p>
  
<div class="clear"></div>
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        <figure id="realisationPic">
 +
          <img src="https://static.igem.org/mediawiki/2018/7/7a/T--Leiden--EntrepreneurshipTimeline.png">
 +
        </figure>
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      </div>
 +
    </section>
  
<div class="column full_size">
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    <section class="popout chapter">
<h3>Patents and intellectual property</h3>
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      <div class="collapsible">SWOT Analysis</div>
 +
      <div class="collapsibleContent">
 +
        <p></p>
  
<p>
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        <h3 class="SubSectionTitle center" style="width:100%;border-color:var(--accent2)">Internal analysis</h2>
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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          <figure class="resultfig wide" style="margin:10px auto 30px">
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            <div class="FigFlexbox">
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              <div class="flexText">
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                <ul class="dashed"> <b>Strengths</b>
 +
                  <li>Our product is easy to use in any laboratory</li>
 +
                  <li>The kit is quantifiable and more sensitive than current techniques, while also providing information on the mode of action of tested compounds</li>
 +
                  <li>It is an innovative system </li>
 +
                  <li>A strong proof of concept already exists </li>
 +
                </ul>
 +
              </div>
 +
              <div class="flexText">
 +
                <ul class="dashed"> <b>Weaknesses</b>
 +
                  <li>A third party will be needed to upscale production of 50S.O.S. kits</li>
 +
                  <li>Further development to improve the kit is still needed </li>
 +
                </ul>
 +
              </div>
 +
            </div>
 +
          </figure>
  
<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="SubSectionTitle center" style="width:100%;border-color:var(--accent2)">External analysis</h2>
</p>  
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            <figure class="resultfig wide" style="margin:10px auto 30px">
</div>
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              <div class="FigFlexbox">
 +
                <div class="flexText">
 +
                  <ul class="dashed"> <b>Strengths</b>
 +
                    <li>Governments are investing increasing amounts of money into antibiotic research</li>
 +
                    <li>A lack of novel antibiotics combined with a growing need for new antibiotics results in a growing market for this kit </li>
 +
                    <li>The kit can be used for other research focused bacterial cell stress</li>
 +
                  </ul>
 +
                </div>
 +
                <div class="flexText">
 +
                  <ul class="dashed"> <b>Weaknesses</b>
 +
                    <li>Companies are withdrawing from antibiotic research and development</li>
 +
                    <li>The stress detection cell lines will be open source</li>
 +
                  </ul>
 +
                </div>
 +
              </div>
 +
            </figure>
  
<div class="clear"></div>
 
  
 +
            <h2 class="SubSectionTitle">Conclusion</h2>
 +
            <p>50S.O.S. is a sensitive and easy to use product. Our market research has shown that there is substantial interest in the product and with the help of various funds, as well as national and international support, our product can aid in
 +
              the
 +
              battle against antibiotic resistance. </p>
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      </div>
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    </section>
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Revision as of 17:36, 14 October 2018

Although the mobile version has the same content, this wiki is best viewed on larger screens

Entrepreneurship

During the development of our 50S.O.S. bacterial cell stress screening kit we have come to the conclusion that a company would be the best method for the distribution of 50S.O.S., based on conversations with a variety of researchers currently researching novel antibiotic therapy approaches. This page will showcase how we would approach the development of this company. 50S.O.S. will be sold as an easy to use kit, which we will develop ourselves. The first years of research will be used for product development, after which we will begin a start-up and start producing the 50S.O.S. kit. With the revenue we will pay back our investors and simultaneously invest in our own research into new antibiotics, thereby creating a hybrid business.

Why a commercial product?

There are many options for distributing our stress detection system to future users. Whilst we worked on the development of our stress receptor cell lines, we realised that to simplify the use of our system, creating Read more about this decision on our Integrated Human Practices page a kit would be the best option. The main advantage of a kit is that it requires little preparation before use by a researcher, contrary to for example just a cell line. After our visit to the start-up company Karveel, we realised that the kit should be easy to use, compatible with current devices, and affordable. Based on these requirements, we have developed Read more about our 50S.O.S. kit on our Product Design page the 50S.O.S. stress detection kit. Selling this kit would make it available for researchers all over the world and simplify the search for antibiotics.

After patenting the kit, we have several options. We can sell the patent to an established company which already has the means to produce the kit or we can keep the patent rights to produce the product ourselves. We prefer the latter option since the chance that a large company will buy patent rights in this early stage of development is very small and because our technology is very innovative, it has the capacity to grow from a small start-up to a large company.

Unique selling point and Patenting

Current antibiotic discovery methods

There are currently only a few methods to test compounds for their ability to function as an antibiotic. For natural compounds, such as those originating from fungi or streptomyces, screening focuses on bacterial lethality or growth inhibition. For example, to discover antibiotics produced by streptomyces, streptomyces are dotted onto a plate. After a colony of streptomyces has formed, a layer of soft agar is added which contains the bacteria to test the antibiotic potential. Similar to disk diffusion, a dark halo will form if the streptomyces produce a compound which kills surrounding bacteria[1].

Alternatively, specific compounds can be tested by adding them to a growth culture of bacteria. Subsequently, growth of these bacteria is measured to determine whether growth is being inhibited or if bacteria are being killed by the added compound. Such methods are often used to test slightly altered versions of existing bactericidal compounds, with the goal of improving effectiveness. Once a candidate antibiotic is found, the minimal inhibitory concentration can be determined as a measure of bacterial susceptibility to this compound[2].

The considerable downside to both methods is that only death and growth inhibition are measured. If there is only minor damage - which does not inhibit growth -, it does not show in the tests. Although these damaging compounds may not be lethal, they could still contribute to the effectiveness of other antibiotics or be lethal together with another stressful compound. Additionally, the previously discussed methods are either relatively simple and do not require special compounds, or require a large variety in specific life forms - such as streptomyces -, making kits for these tests ineffective.

Unique selling point

Contrary to existing systems, 50S.O.S. uses specific components, namely our stress detecting cell lines, which are easier to use when prepared in a kit. This will aid in the discovery of new antibiotics which is needed in order to decrease the rate of resistance. The unique selling point of our kit is the ability to not only detect bacterial death or growth inhibition, but also bacterial stress. This allows for the detection of much lower concentrations of lethal compounds and the identification of non-lethal, stressful substances, which can be used in lethal combination therapies. Additionally, our kit indicates the type of stress being experiences by the bacteria. Knowing the specific form of stress gives an insight into the mode of action of the compound, thereby accelerating drug development pipelines. As such, 50S.O.S. can be used in both research and drug development.

Patents

To obtain information regarding the legal aspects of our product development, we spoke to Luris is a department of Leiden University which aims to connect the university to the market and helps researchers with the legal challenges that come with patenting and start ups Luris. After this meeting, we realised that in the development of kits such as 50S.O.S., it is common practice to patent the kit in order to protect it's free use. This means that it would protect the use of the cell line in the form of a kit, while the cell line itself is still open source. This patent would not be defended or upheld, but it prevents others from patenting our product. This allows companies to freely use our product, while at the same time allowing us to keep producing the kit. The patenting will be done in consultation with Luris, which is specialised in patents.

References

[1]: Shetty et al.(2014). Production of polypeptide antibiotic from Streptomyces parvulus and its antibacterial activity. Brazilian Journal Of Microbiology, 45(1), 303-312. doi: 10.1590/s1517-83822014005000022

[2]: Dafale et al. (2016). Selection of appropriate analytical tools to determine the potency and bioactivity of antibiotics and antibiotic resistance. Journal Of Pharmaceutical Analysis, 6(4), 207-213. doi: 10.1016/j.jpha.2016.05.006

Support and Partners

Any good product needs support to get onto the market. Our main partner would be Leiden University through university programmes such as Luris, which help start-ups from the university and can be very useful in the initial stages.

We should also work with partners outside of the university in order to maximize our network. We already have contact with Sarstedt and Karveel. Additionally, we have a collaboration with the programme Science meets Business aims to connect scientists and entrepreneurs by giving strategic advice and linking start-ups with investors. 'Science meets Business'. They have a large network which we can use to find investors. They have expressed in a Click here to view Science meets Business' Letter of Intent letter of intent that they will help us with the business development and finding suitable investors.

Subsidies and Funding

In order to finance our research, we have looked into different funds. The NWO - a dutch organisation for scientific research - funds many different universities and companies which aim to solve societal problems. The maximum amount of the fund is € 2.500.000,-. Our company would be a perfect fit for this fund, since antibiotic resistance is a rapidly growing problem. Investing in a solution now will save a lot of money in the future[3].

Further funding could be received from the Egberts Stichting, which funds medical research[4]. In addition to this, the RIVM has informed us that the Dutch government intends to invest more money in the future, to help solve the antibiotic resistance crisis. Also, Read more about our dialogue with the Dutch ministry of Healthcare on our Integrated Human Practices page the Dutch ministry of Healthcare has expressed the intent to invest in projects like ours.

Our product would also be eligible for international funding. During our meeting with Kees de Joncheere, who works at the The Netherlands Antibiotic Development Platform (NADP) facilitates the collaboration between public and private organisations aimed at developing new antibiotics and alternative therapies, from initial idea to final product. NADP, we were told the EU invests in many projects such as ours. Another possibility is funding from Carb-X in Boston, which is a large fund aimed at research into antibiotic resistance.

References

[3]: NWA Startimpuls. (2018). Retrieved from https://www.nwo.nl/financiering/onze-financieringsinstrumenten/nwo/nwa-startimpuls/nwa-startimpuls.html

[4]: Egbers Stichting. (2018). Retrieved from https://www.finportal.nl/egbers-stichting-stimuleringsfonds-voor-medisch-wetenschappelijk-onderzoek

Marketing

Market assessment

Potential buyers of 50S.O.S. are businesses and researchers who are interested in the development of novel antibiotics, combination therapies or those who want to improve their previously developed drugs. As it is expensive to look for entirely novel drugs, it is expected that companies will mostly use the kit to improve previously discovered drugs. Additionally, researchers can use 50S.O.S. to study stress in bacteria and the development of resistance.

Market interest

50S.O.S. is a simple kit that can be used by any modern lab. Any lab that aims to detect stress in bacteria may buy our kits. This might apply to academic, commercial or educational laboratories. Pharmaceutical companies will want to determine the effect of antimicrobial compounds on bacteria. Similarly, academic researchers investigating antimicrobial compounds and peptides will want to use 50S.O.S. to easily determine bacterial stress being induced by their substances of interest. We have already spoken to a variety of such researchers, Read more about these researchers on our Integrated Human Practices page who have expressed their interest in our technique.

Exploitation Strategy

During the development of an exploitation strategy for our company, we discussed our approach with Luris is a department of Leiden University which aims to connect the university to the market and helps researchers with the legal challenges that come with patenting and start ups Luris.. Based on these discussions, we decided that the company should work with a hybrid business plan for the sale of 50S.O.S. This means the company will consist of two main elements. The first is the production of the kit itself, which will be the company’s main source of income. This element includes further product development, finding the necessary machinery and a suitable company site. After these stages of business development have been completed, production is initiated and income will be generated. The next two steps are continuous improvement of our 50S.O.S. stress detection kit and initiating the second aspect of our company.

This second element will be research into new antibiotic combinations therapies. With our own stress detection technology, we will try to find new antibiotic compound combinations which can serve as novel antibiotics. A share of the company’s income will be used to finance this research. Once such a combination is found, this will again contribute to the revenue to support further research.

We have chosen this particular strategy for multiple reasons. First of all, we want to distribute our stress detection system around the globe and in order to achieve this, a company was the best option. This way we make sure that 50S.O.S. reaches the market and is not lost among the other ideas of large companies. The second element of our business strategy to discover new antibiotic compound combinations originates from the idea that we want to solve the antibiotic resistance crisis. Established companies are hesitant to invest in research towards antibiotics because they are afraid their investment will not be returned. The two reasons for this are the fear that the company is obligated to keep the antibiotic at a low price and the significant chance that novel antibiotics will be shelved and only used as a last resort drug, thereby leading to low sales figures. Therefore, we intend to engage in the search for new antibiotic compound combinations ourselves, to help ensure that the antibiotic resistance crisis is averted.

Realisation Schedule

We have estimated a realisation schedule for the first years of the company. The first important task will be product development, this will take approximately two years. The product will be further developed in a lab supplied by our partner, Leiden University. Simultaneously, the patent rights for the system will be acquired.

The third and fourth year will be the transition time from a small lab at Leiden University to a larger production location. At the same time, the marketing will be started. After a total of four years, the facilities should be ready for production. From here on, we will sell our kits while continuing development of 50S.O.S. and starting research into finding novel compound combinations.

The time it will take to find a new compound combination is hard to predict. We estimate it will take around 4 years of research.

SWOT Analysis

Internal analysis

    Strengths
  • Our product is easy to use in any laboratory
  • The kit is quantifiable and more sensitive than current techniques, while also providing information on the mode of action of tested compounds
  • It is an innovative system
  • A strong proof of concept already exists
    Weaknesses
  • A third party will be needed to upscale production of 50S.O.S. kits
  • Further development to improve the kit is still needed

External analysis

    Strengths
  • Governments are investing increasing amounts of money into antibiotic research
  • A lack of novel antibiotics combined with a growing need for new antibiotics results in a growing market for this kit
  • The kit can be used for other research focused bacterial cell stress
    Weaknesses
  • Companies are withdrawing from antibiotic research and development
  • The stress detection cell lines will be open source

Conclusion

50S.O.S. is a sensitive and easy to use product. Our market research has shown that there is substantial interest in the product and with the help of various funds, as well as national and international support, our product can aid in the battle against antibiotic resistance.