How Biotech Startups are Getting the Most Out of Their Seed Funding

Posted by Steven Vigeant on 5/16/13 5:10 PM

Biotech startups have a lot to take care of after securing their initial round of funding. Laboratory space has to be found, equipment has to be purchased, and qualified researchers and admin staff have to be recruited. This process is flush with opportunity and excitement, but important considerations can easily be overlooked. Every biotech startup needs some kind of IT setup, but successful biotech companies invest in an IT infrastructure that can accommodate the unique challenges of biotech data storage, data types, and the management of this data. The most valuable thing you are producing with your angel investor's money is your experimental data, which means that you will need to have IT tools in place that can maximize the value and protect all of this information.

IT needs to be an important consideration for any biotech company that is trying to secure a second round of funding. In order to make the most of the money that your investors have initially given you, be sure that your IT services provider can implement a system with the following elements:

Read More

Topics: IT Outsourcing, IT Support, Biotechnology Startup, Biotech, ITO, Big Data

4 Reasons Biotech Startups Can't Afford to Skimp on IT

Posted by Steven Vigeant on 5/9/13 6:47 PM

As a biotech company, the data that you produce could be your greatest asset. This constitutes the bulk of your intellectual property, and any advancements in your funding and potential partnerships will ultimately flow from experimental data. That is why for biotech startups, IT is such an important consideration. If your company is not equipped to store, protect, and access the data that you generate, you will end up wasting time and money. Information technology must be a top priority for any biotech startup that hopes to succeed.

Here are four reasons that biotech startups must think carefully about their IT investment:

Read More

Topics: IT Outsourcing, Biotechnology Startup, ITO

What You Need to Plan for in Your Biotech IT: Security, Speed, Scalability

Posted by Steven Vigeant on 12/12/12 8:15 AM

A mistake biotech startups often make is trying to run expensive equipment on a cheap IT infrastructure. I’ve had biotech companies brag about building their IT infrastructure for a lot less than what may have been proposed by an IT outsourcing company.  They don’t understand why they should buy a more expensive corporate level wireless access point when they can get a $70 one from Staples.

Read More

Topics: IT Outsourcing, Biotechnology Startup, ITO

What to Look for in an IT Partner for Your Biotech Start-up

Posted by Steven Vigeant on 12/6/12 7:42 AM

The moment when your startup gets its seed funding is one of the most critical in the life of your business.  In any industry, but particularly in biotech, one of the most important decisions you make at this moment is how to manage your IT needs.  Even if you have employees with IT expertise, you’ll benefit from a consultation with an IT outsourcing provider (ITO), a company which employs experts in a range of different platforms and technologies and has experience in designing and managing IT systems.  You’ll be calling on your ITO more than you might expect in the first couple of years, here’s what to look for to find a trustworthy partner.

Read More

Topics: IT Outsourcing, Biotechnology Startup, ITO


 Comments