Incubator

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Guest:

Melinda Richter, Founder, Prescience Bio and Contact Info

Listen (10:28) How are you accelerating the commercialization of life science technology?

Listen (7:47) Innovation centers helping out startups

Listen (2:55) Educating entrepreneurs

Listen (8:27) Jumping the financial hurdle

Lying in a Beijing hospital bed waiting and waiting for a diagnosis, Melinda Richter, a telecom executive on assignment in Asia, had one of those look-death-in-the-face experiences. "We're here once only, and we have to live our time well," she says in today's interview.

This brush with her mortality propelled Ms. Richter to do something that made a difference to others. This led her to the life science industry, where she found much greater hurdles to entrepreneurship than she had seen in high tech. Asking herself what she could do to help startups and speed up the time for commercializing what is some great technologies led her to found Prescience International. Prescience runs two 'innovation centers', San Jose Biocenter and Janssen Labs in San Diego. In today's show, Melinda describes what these incubator spaces are doing to help lower the barriers for life science startups to get off their feet. Prescience also offers courses for entrepreneurs to get hands on training industry leaders.

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Guests:

Laura Frerichs, Director, University of Illinois Research Park Bio and Contact Info

Yi Lu, PhD ,Professor, University of Illinois Bio and Contact Info

Listen (3:49) What is the process for turning research into a successful startup?

Listen (10:53) Advantages to using the U of I Research Park

Listen (2:45) Trend is toward commercializing more research

Listen (1:46) Are there conflicts of interest here?

Listen (5:59) Dr. Lu is the founder of two companies at U of I Research Park

Listen (3:32) Decision to start a company

Listen (7:18) Leveraging existing glycometers to look for biomarkers

Listen (4:37) Does commercialization detract from research?

Listen (4:52) Why he's excited about digital health

Recently we’ve had on several guests who have created start-ups from technology developed at Stanford University. Today we have two guests on the program to talk about commercializing technologies developed at universities.

Laura Frerichs is the Director of the Research Park and Incubation Facilities at the University of Illinois. Laura discusses the programs that the Research Park has put in place to assist young businesses.

Later we talk with Dr. Yi Lu, a professor at the University of Illinois and founder of two start-ups, one of which has graduated from the Incubator.

Podcast brought to you by: Assay Depot - the world's largest cloud-based marketplace for research services. With Assay Depot, you can easily find the perfect research service provider and manage your project from anywhere in the world.