An organization not adapted for growth and lacking scalable processes and routines. That is the most common reason why good ideas do not turn into sustainable profit in young life science companies. Now Sparbanksstiftelsen Finn, Sten K. Johnson Centre for Entrepreneurship and Medicon Village join forces to help young companies grow in a sustainable way to commercial success.
How can great ideas be transformed into commercial successes? It is important to learn from each other and share knowledge. On three occasions starting in January, digital workshops will be conducted with entrepreneurs who face similar challenges. The workshops will be held by Anna Brattström, Associate senior lecturer, and Claudio Fassio, Senior lecturer, both at Sten K. Johnson Centre for Entrepreneurship.
The purpose of the workshops is to give the entrepreneur in Life science companies an understanding of how the best conditions are created to come out stronger after the Corona pandemic. Internationalization of all activities and collaborations, building trust and finding partners and investors that promote growth is crucial.
The development companies' focus is to reach milestones for the next capital round. This means that they usually do not focus on organizational development or promote professional growth. The effect is that the companies are not prepared for the next development phase. The consequence of this is devastating for Swedish life science in the long run with a need for successful commercial companies. Also, the success of small companies is often the key to success for larger companies.
In order to test and verify the structure of the training, the pilot with three workshops will be carried out during the beginning of 2021. Thereafter, the training will be evaluated and adapted to be completed later in 2021 in an adjusted version based on input from the participants in the pilot.