Biotech in the Garage
Much like the costs of sequencing the human genome,1 the cost of founding a biotech startup is dropping precipitously.2 If current trends continue, biotech companies will soon be founded in garages, funded off their founders’ credit cards.
The exact same trend that happened in software over the last decade and happened in hardware over the last 5 years or so is happening in biotech now. A smart software developer can build and launch a web or mobile app and get paying customers for under $2,000. The same will soon be true for biotechnology.
Here are a number of trends that are fueling the steep drop in the costs of founding a biotech startup.
1) Biohacking spaces & shared wet labs.
Research intensive companies used to have to either grow out of a university lab or spend quite a lot of capital on their own lab. Now, they can get off the ground in biohacking spaces like Counter
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