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Interview with ELabNYC Program Manager Mary Howard: Part 2

   

In the second part of our interview, ELabNYC program manager Mary Howard gives us some tips for transitioning from the research lab to the boardroom, assembling a successful biotech team, pivoting your company when necessary, and implementing financial metrics.


Transcript

Dave Plaskow: Welcome to EisnerAmper’s technology podcast series. With more than 500 hundred technology clients, we’re always exploring the latest industry developments, along with any related business and accounting issues. In part two of this interview, ELabNYC Program Manager Mary Howard gives us some tips for transitioning from the research lab to the boardroom, assembling a successful biotech team, pivoting your company when necessary, and implementing financial metrics. Any tips for softening the transition from academia or the research lab to forming your own biotech company?

Mary Howard: Yes. We are in a community that has many, many wonderful organizations that provide entrepreneurship seminars that allow you to hear from other entrepreneurs. Attending any of those – I mean, these are very, very high quality events that are put on by New York Bio, by the New York City Health Business Leadership Organization, by Xconomy. These organizations bring in individuals who can talk about what business is like. Now that’s not going to be distilled into how do you do it, but it’ll start giving you a flavor. That kind of exposure helps. Since most of the people coming from ELab, the majority are from research institutions, there’s much work that’s going on at these universities to learn through seminar series. Entrepreneurs come back and talk about what was involved for them. These are very, very useful for people to be able to get exposed to the ideas, motivations, personalities, process, timeframes and the effort that’s required to get a business launched.


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More Podcasts in This Series
Interview with ELabNYC Program Manager Mary Howard: Part 1

In part 1 of our interview, program manager Mary Howard discusses ELabNYC’s entrepreneur training and mentorship program, tells us about the different types of organizations it partners with, and shares a couple of interesting success stories.