Start with the Idea: Licensing and Protecting Core Assets
Where do biotech product ideas come from? How do biotech companies get started? Biotechnology companies typically spawn from basic research ideas originating at universities or nonprofit research institutions. Product ideas arise when scientists and professors conducting basic research envision that some aspect of their scientific work could possibly lead to a potential biotechnology product. Research is perpetual; therefore, universities and academic institutions usually have multiple licensing opportunities looking for a good home. Occasionally biotech companies also arise from spin-outs and technology licenses with origins from other biotechnology or pharmaceutical companies. Wherever these ideas originate, all biotechnology companies are usually conceived on the foundation of a good product idea. To move forward in the company building process, a license must be secured from the organization that owns the intellectual property.