CAMBRIDGE, Mass., May 7, 2019 /PRNewswire/ — Science2Startup (S2S TM), an invitation-only symposium, convened close to 300 members of the biotech ecosystem at the Broad Institute of MIT and Harvard on April 23, 2019. The Symposium featured 12 university researchers and first-time entrepreneurs who presented their work to an audience comprised of biopharma investors, industry executives, and fellow academic researchers.
“Science2Startup aims to equip exciting young startups in the life sciences industry with the tools they need to build their companies and ultimately, to bring new therapies to patients,” said Ben Auspitz, Partner at F-Prime Capital. “The events at S2S were designed to equip participants for success by serving as both an educational opportunity and a forum to connect with investors, pharmaceutical executives, and all members of the biotech community.”
S2S was created and presented by Boston-area venture capital firms Atlas Venture, F-Prime Capital, RA Capital Management, and Osage University Partners. The presenting teams were selected from over 175 submissions from 64 institutions across three continents.
The agenda underscored the relevance and interdependence of all biotech ecosystem participants: scientists, entrepreneurs, embedded service providers, the pharmaceutical industry, and funding sources.
“A healthy biotech innovation ecosystem needs more than brilliant scientists, entrepreneurs, and capital. It requires all these constituencies to connect with one another to build momentum around the discovery and development of new therapeutics. Science2Startup is planting the seeds of connectivity to bring novel science, entrepreneurial spirit, and resources together,” said Bruce Booth, Partner at Atlas Venture.
In the keynote speech, Glenn Dranoff, Global head of Immuno-oncology at Novartis Institutes for BioMedical Research, discussed his experience as a medical student working with Nobel Laureate Gertrude Elion and the evolution of the immunoncology field from its inception to the enormous success it is today. He also discussed his personal role in the field both as an academic researcher at the Dana Farber Cancer Institute and as a current executive at Novartis.
A panel discussion titled “Maintaining the Innovation Funnel – Future Trends in Funding Translatable Science,” provided biotech, pharma, and venture investor perspectives on sustaining a healthy innovation ecosystem. S2S also featured a series of workshops presented by event sponsors Evotec, Deloitte, Goodwin, JLL, and SVB, which provided the researchers and university representatives in attendance with practical perspectives and tools for building successful biotech companies. In addition, Adam Rosenberg, CEO of Rodin Therapeutics and a serial biotech entrepreneur, shared his experience in building and leading various early-stage startups during an industry insights presentation titled “Startup Models.”
“The transformational science and high-quality presentations showcased during the day validated the importance of S2S in opening up the Boston biotech ecosystem to global innovation,” said Josh Resnick, Managing Director at RA Capital.
S2S attendees heard from presenters keen to further develop and build companies around therapeutic research for treating asthma and eosinophilic esophagitis, vitiligo, sleep apnea, various cancers, fibrosis, and other diseases.
“What separates S2S from other biotech events is the mentoring program, which allows academic researchers the opportunity to work one-on-one with experienced biotech executives to refine their startup ideas. This year’s presentations were a testament to the impact of the mentoring program, and we are excited to see what the future holds for 2019’s finalists,” said Bill Harrington, Managing Partner at Osage University Partners.
About Atlas Venture
Atlas Venture is a leading biotech venture capital firm. With the goal of doing well by doing good, we have been building breakthrough biotech startups for over 25 years. We work side by side with exceptional scientists and entrepreneurs to translate high impact science into medicines for patients. Our seed-led venture creation strategy rigorously selects and focuses investment on the most compelling opportunities to build scalable businesses and realize value. For more information, please visit www.atlasventure.com.
About F-Prime Capital
F-Prime Capital is a global venture capital firm investing in life sciences, healthcare, and technology. Since 1969, F-Prime has worked closely with entrepreneurs and academics to create innovative solutions to some of the world’s most significant challenges in healthcare and technology. For more information, please visit fprimecapital.com.
About Osage University Partners
Osage University Partners (OUP) is a venture capital firm focused on investing in startups that are commercializing pioneering university technologies. OUP partners with top research universities to invest in their most innovative startups, and OUP shares its investment profit with its partner institutions. The firm invests in life science, software, and hardware companies at all stages of company development. OUP has partnered with over 100 universities, including 41 of the top 50 U.S. institutions by research expenditures, and has invested in over 90 of their spinouts. For more information, visit oup.vc.
About RA Capital Management
RA Capital is a multi-stage investment manager dedicated to evidence-based investing in public and private healthcare and life science companies that are developing drugs, medical devices, and diagnostics. The flexibility of its strategy allows RA Capital to provide seed funding to startups and to lead private, IPO, and follow-on financings for its portfolio companies, both facilitating the crossover process and allowing management teams to drive value creation with fewer capital concerns from inception through commercialization. For more information, please visit www.racap.com.
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