From a university licensing executive's perspective
Are you finding it more difficult these days to move your backlog of promising bioscience invention disclosures off your
desk and into the hands of worthy licensees for commercialization? If so, perhaps we can help you!
We can take your most promising technology, launch it as a start-up, and make potential
investors or corporate partners take notice. We will become your company’s
professional part time management team. We bring long established credentials
to the table, will conduct the necessary due diligence on all aspects of the business opportunity, and will produce an extremely
detailed “real world” operating plan for the business. Once your
business plan is ready, and a solid due diligence package is available to support it, we will head-out to top level meetings
with prospective VC investors and/or potential corporate partners. We will help
you decide exactly which vendors should be employed to develop the product or service and, ultimately, what sort of permanent
management team will be needed to operate the venture.
Our mutual objective is
to move your existing raw technology forward from the invention stage to the fully evaluated and fundable stage as a
company with an exciting future. History has shown that even in the best of times,
this sort of advancement in the stage of an opportunity will significantly enhance its pre-financing valuation (meaning
a greater share of equity and economic returns for your institution as well as for your inventors). A tenfold increase in pre-money valuation would not be unusual. And in the tough economic times that prevail
today, it could make the difference between commercialization and not getting anywhere at all!
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“I was once a director of a biotech company that Reed’s team had been brought in to
lead and to fix, and I was very impressed with their performance. I only wish that the company’s academic founders
could have had access to a service like Mackinaw Bioscience Management back at the time of the company’s founding.
Perhaps then, things might have been better structured for long term economic viability, thus eliminating the need for remedial
restructuring later on. I would strongly recommend Reed and his team to any university inventor or licensing office
seeking leadership for a new bioscience startup. I believe that they can help you get the company organized, focused, and
financed optimally from the beginning” -- John R. Silber, Ph.D., President Emeritus
and University Professor, Boston University
As a young man, Gary Stroy started LifeScan to develop a home glucose test; it became a huge business and societal
success. Since then, Gary, on a steady and regular schedule, brought many new innovative life sciences products and
concepts to the world using his canny ability to see market trends before anyone else -- Jean Deleage, Ph.D., Founding
Partner & Managing Director, Alta Partners
