Raising Health

From Faculty to Founder: Building Startups from Academia

Jun 20, 2023
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INSIGHT

When To Move Science Out Of Academia

  • Founders should move work out of academia when the project needs resources or expertise academia can't provide.
  • The right time balances de-risking key science with finding a team and investors who see the vision.
ADVICE

Bring In Resources And Complementary People

  • Raise or seek company resources when the project requires activities that R01 grants won't cover.
  • Recruit collaborators who complement your expertise and can execute beyond the lab.
ANECDOTE

Different Founding Roles Across Companies

  • Michelle described two companies that started very differently: one could be led by her students and she stayed hands-off.
  • She prefers staying in academia to work on many ideas rather than running a single company.
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