biotechnology business plan example

How to Write a Business Plan for Your Biotech Startup

Last Updated on 

August 9, 2022

Do you always need a written business plan? Keeping track of every part of your business in your head is an impossible task, and the components of cash flow–sales, costs, expenses, assets, liabilities, capital, and profits–are much easier to understand and manage when laid out in an organized way.

Not only that, having everything documented will help show others that you have a good idea on your hands, one worthy of investment—whether that be labor or capital.

There are many different types of business plans, however, each type generally falls under one of two categories: traditional or lean startup. Whichever you choose, writing a business plan can give you a roadmap, guiding you through each stage of starting and managing your company, and can help convince people to invest in or lend to you.

That said, does a business plan guarantee success? Sadly, it does not. If all you needed to succeed was a business plan, then everyone with a business plan would be successful. Nonetheless, it is an excellent exercise and decision-making tool, and will help you flesh out a solid business strategy. In fact, scientific studies have shown that many successful businesses planned ahead.

In this article, we’ll review the traditional business plan format used to outline the company’s mission statement, structure, products or services, growth strategy, and more—information that will all be necessary if you’re going to secure outside investment, such as investor funding and business loans. Furthermore, we’ll provide a few examples of business plan templates we stand behind.

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How Does a Business Plan Help?

If you’e starting a small business, your business plan can be a highly useful tool to help you run your business. It can be the blueprint for how you structure, run, and grow your company.

They’re also an excellent way to flesh out key elements of your company, such as capital needs, product-to-market fit, competition, marketing plans, and potential to make a profit. Documenting all this will give you a much better grasp on your chances for success.

Most importantly, traditional business plans are an essential part to securing funding or bringing on new business partners. By providing in-depth detail on how you plan to operate your business, you make it that much more attractive to prospective investors or lenders.

This is because any investor is more likely to put their money and resources into someone who has made the effort to think out and document how the business will run—the business owner is more likely to be viewed as committed, thoughtful, and strategic.

Furthermore, creating a business plan lets you spot opportunities and challenges as you grow. This is due, in large part, to the fact that business plans have become less static.

(It used to be the case that many business plans were long, formal, and static documents that did not change much.)

Nowadays, many business owners revisit and revise their business plan as the company grows, as they gather new and different information and experience, and as the market changes. This allows for more flexibility and strategic planning and pivoting.

Now, some people may see writing a business plan as a chore or necessary “evil” required to attract financing or investors.

It may be seen as a chore, but it should also be seen as a low-cost—if not free—way to explore the viability of your potential business and avoid costly mistakes. At the end of the day, it’s not just about funding, it’s about the process.

By writing a plan out, you show not only yourself but those around you that you have a good idea on your hands, one worthy of time, effort, and money.

What Does Your Business Plan Need to Include?

Traditional business plans, or standard business plans, are highly detailed and provide a comprehensive look at the inner workings of your business.

These types of plans are necessary when requesting funding from an prospective investor or lender. They can be dozens of pages long, and usually take more time to write than other types of business plans, such as a lean startup plan.

Lean startup plans are typically shorter, focusing on key elements from a high-level. They are useful tools for measuring performance regularly and tracking your financials and milestones against what you projected so you can respond to opportunities and react to challenges quickly.

This type of business plan is faster to write, but doesn’t always provide enough information to potential investors or lenders. Nonetheless, it is a great option for startups looking to move quickly and decisively.

When writing a traditional business plan, the outline should include these topics:

Executive summary

Company description.

• Company structure & management
• Products or services
• Market analysis
• Sales & marketing plan
• Funding request
• Financial plan & projections

The order in which the topics are included is not incredibly important. The level of detail is what investors are looking at. Let’s briefly review each section.

This is one of the most important sections of your business plan, as many investors will make a decision to invest in your business based on this summary.

Often, these investors won’t read the rest of the business plan unless your executive summary is convincing enough. It shouldn’t be longer than one page, and should provide a high-level overview of your business idea that persuades an investor to continue reading.

Your executive summary should include every section described below, but condensed to include the most important information so a busy reviewer can get the idea quickly.

This is where you’ll go into detail about your business concept and company, explaining what you do, why you do it, and the problems you plan to solve.

You should include information regarding your business’s structure, goals and objectives, as well as the consumers or businesses you plan on serving. You can also include your cultural philosophy, principles, and ideals.

All this should be written to explain why your business is a good investment bet.

Company Structure & Management

If you plan on raising money from investors, they will want to know how you structure your business and who runs it. This means determining how your business is structured legally, and including that information in your business plan.

State whether or not you are or plan to incorporate as a C-corporation, S-corporation, or limited liability company (LLC), and show who will be running each part of the business and describe how each member will contribute to the company..

Documenting the legal structure and management team in your business plan regardless of fundraising strategies will ultimately be helpful, as you will have all your business entity information recorded for any future needs.

Products or Services

Explain what you plan to sell and why. How will it benefit your customers or the businesses you plan to serve? In the life sciences sector, sharing how you plan to handle intellectual property is incredibly important.

If you’re performing research and development, you’ll want to include comprehensive details.

Market Analysis

Many investors will want to know an analysis of your target market, the size and growth of that market, and why you’re targeting it.

Market research—specifically, researching your competitors—should give you a good idea of what your target industry and market looks like. It will show you what other businesses are doing and whether or not it’s working.

This type of competitive analysis will also help you understand their strengths and weaknesses, and how you can position yourself.

Looking for themes and trends can help you get an idea of what successful companies do, why they do it, and how you can improve on it. Including this information in your business plan will help investors see how your business fits into the target market, and whether or not you have any competitive advantages.

Sales & Marketing Plans

Creating these two documents is extremely important because it will define how exactly you will market to customers, as well as how you will convince them to purchase the product or service you’re offering.

While sales strategies and marketing strategies are somewhat different, they are often talked about together, as sales and marketing departments work closely to achieve business goals.

Although there is no single way to approach creating a marketing strategy, there are some best practices that many entrepreneurs in various industries typically follow. These best practices include:

Include your marketing and sales strategy in your business plan by outlining your current marketing plan. Explain what your ideal customer demographics are and why, show how your strategy fits that actual or potential customer, and include your value propositions. Incorporate how you plan to attract and retain their business as well.

As well, this section should also describe how you’ll actually make a sale. Refer back to this section when describing your financial projections.

Funding Requests

If you’re looking for outside investments to fund or finance your company, you’ll need to include a funding request section. If you’re not planning to ask, you can skip this section entirely.

Although investors are an excellent resource (large cash injections, wide network to leverage), there are other ways to fund your business without using investors.

Use this section to include important information on your business’s funding needs, as well as future financial plans and projections.

Include how much funding you may need and when you’ll need it, whether you prefer equity or debt, the terms you’d like, and the length of time this request will cover. Furthermore, describe how you’ll use your funds.

Specify whether it’s for hiring and salaries, equipment and supplies, or bills that need to be paid. (It could be for all of these.)

Include a description of your future financial plans. It should include any loan repayment schedules and plans to sell the business. You’ll also want to include your exit strategy , letting investors know how they will be able to exit the deal should they wish.

An exit strategy can be a number of things, from initial public offering (IPO) or merger and acquisition (M&A) to a management buyout.  

Financial Plan & Projections

The financial plan section is used to illustrate your projected financial position, as well as a number of financial statements.

It can be used to supplement your funding request and should show your company’s stability.

You’ll want to include the most important views of your financials, to showcase your business’s financial health. If you have income statements , balance sheets , and cash flow statements you can provide, make sure you do.

Depending on your audience, it may also be helpful to provide a financial forecast for the next five years. Include projected income statements, balance sheets, cash flow statements, and capital expenditure budgets, and describe your projected cash-flow statement.

It can identify gaps or negative cash flow, helping you adjust your operations accordingly. Lastly, match these projections with your requested funding so investors understand why you’re requesting that specific amount.

Business Plan Template Examples

You can use a business plan template to write an effective business plan. These templates typically provide step-by-step instructions, or enough detail about each section, to help guide you through the process.

We’ve gone ahead and collected a few resources we believe in, and have provided them here for you:

• USBA Business Plan Template
• Bplans Business Plan Template for Small Business and Entrepreneurs
• Shopify Free Business Plan Template
• My Own Business Free Business Plan Template
• Score Business Plan Template for Startup Businesses

In conclusion

As tedious as it may sound, writing a great business plan can help convince others that you have a viable business idea on your hands.

With an excellent business plan, you’ll likely have an easier time getting people to work with you, whether as a fellow founder, an employee, or as an investor.

Lastly, even if you’re not actively seeking out funding, it’s an excellent exercise that will leave you understanding your business inside and out.

These articles are designed to be informational and do not represent legal advice. Before making any legal or financial business decisions, you should consult with a professional who can advise you based on your individual situation.

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Home » Sample Business Plans » Technology

A Sample Biotech Company Business Plan Template

Are you about starting a biotech company? If YES, here is a complete sample biotech business plan template & feasibility report you can use for FREE . Okay, so we have considered all the requirements for starting a biotech company.

We also took it further by analyzing and drafting a sample biotech company marketing plan template backed up by actionable guerrilla marketing ideas for biotech companies. So let’s proceed to the business planning section.

Why Start a Biotech Company?

No matter the profession you find yourself in, you can still become your own boss, as there are several business opportunities available in your field of study / training. In essence, if you are a scientist and you wish to start your own business, you can decide to start your own biotech company; it is an industry that is still green and open to creative scientist cum investors.

Starting a biotech company requires trainings, experience, creativity, reasonable startup capital, license and detailed business plan. The truth is that you can’t just wake up and launch your own biotech company; you must follow establish protocols.

This industry is highly regulated because of the potential risk involved; it is all about making use of living organism and system to develop new products. To start with, one might want to ask, what does biotech companies produce?

There are several fields that need the input of biotech companies. Fields like medicine and pharmacy, agriculture (hybrid food production, hybrid bird production and hybrid animal production et al.) and non-food industries (used in the production of biodegradable plastics and bio – fuels et al).

Although some people still have their reservation when it comes to the use biotechnology in agriculture, but the fact remains that it has contributed in no smaller measure in the increase and ease of cultivating crops and rearing of birds and animals.

If you are sure this type of business is what you truly want to do after you must have undertaken your research, the next step to follow is to write a good business plan. Below is a sample biotech company business plan template that will help you successfully write yours without much stress;

1. Industry Overview

Companies that operate in the Biotechnology industry primarily make use of living organisms or molecular and cellular techniques to provide chemicals, food and services that meet human needs. It is important to state that the Biotechnology industry does not include companies that are involved in developing small-molecule pharmaceuticals, performing contract research or manufacturing biological equipment.

A close study of the Biotechnology industry shows that the industry is growing rapidly, with revenue increases over the last five years driven by rising use of ethanol, demand for improved crop yields and the increasing medical needs of an aging population.

Even though the industry has grown, a consolidation trend has emerged as large pharmaceutical companies have increasingly targeted industry firms for acquisition, to expand their product portfolios ahead of impending patent expirations. Sustained spending on research and development, including by the federal government, will benefit the industry going forward, driving growth in revenue generation and of course profit.

The Biotechnology Industry is indeed a thriving sector of the economy of countries like Israel, Japan, India, China, United Kingdom, Germany and the united states of America. Statistics has it that in the United States alone, the industry generates a whooping sum of well over $109 billion annually from more than 2,230 registered and licensed biotechnology companies scattered all around the United States of America.

The industry is responsible for the employment of well over 218,610 people. Experts project the industry to grow at a 1.8 percent annual rate from 2011 to 2016. AbbVie, Amgen Inc., Genentech Inc., Monsanto and Gilead, have the lion share of the available market in the Biotechnology industry in the United States of America.

A recent report published by IBISWORLD shows that in the Biotechnology industry’s short history, its diversity of product offerings, markets, company sizes and funding sources have largely buffered it against major volatility from market fluctuations.

The report further stated that, high labor costs and the need for significant upfront investment in research and development (R&D) render the industry somewhat vulnerable to declines in venture capital and government funding. In the years following the recession, cutbacks across these funding sources caused industry revenue to fall.

However, growth boomed in 2015 as companies began to experience returns on their research, which can take years to develop into fully approved products. Capital markets have recovered from the recession, moderately improving the availability of industry investment capital.

The bottom line is that; the Biotechnology industry is still very much open for new entrant; the competition within the industry is not as stiff as similar industry. If your product is good, it can gain fair share of the available market in any country or region you intend launching the business.

2. Executive Summary

Bennie Polestar® Biotechnology, LLC is a licensed and standard generic biotechnology company that will be located in an industrial area in Saint Paul – Minnesota. We have been able to secure a long-term lease agreement for a facility in a strategic location with an option of a long-term renewal on an agreed terms and conditions that is favorable to us.

The facility has government approval for the kind of production business we want to run and the facility is easily accessible and we are deliberate about that because we want to facilitate easy movement of raw materials and finished products.

Bennie Polestar® Biotechnology, LLC is in the biotechnology industry to make use of living organisms or molecular and cellular techniques to provide chemicals, food and services that meet human needs. We will engage in DNA coding, mapping and sequencing, processing biotechnologies, sub cellular organisms engineering, cell and tissue culture engineering, protein sequencing, and synthesis and engineering.

We are also in business to make profits at the same to give our customers value for their money; we want to give people and businesses who patronize our biotech products the opportunity to be part of the success story of our brand.

We are aware that there are several big scale and small scale biotechnology companies scattered all around the United States and Canada whose products can be found in every nooks and crannies of The United States and Canada, which is why we spent time and resources to conduct our feasibility studies and market survey so as to enable us locate the business in an area that can easily accept our products and brand.

We ensured that our facility is easy to locate and we have mapped out plans to develop a far-reaching distribution network for wholesalers of biotech products all around Saint Paul – Minnesota and throughout the United States of America.

Much more than producing quality, effective and safe biotech products, our customer care is going to be second to none. We know that our customers are the reason why we are in business which is why we will go the extra mile to get them satisfied when they purchase any of our biotech product and also to become our loyal customers and ambassadors.

Bennie Polestar® Biotechnology, LLC will ensure that all our customers (wholesale distributors) are given first class treatment whenever they visit our factory. We have a CRM software that will enable us manage a one on one relationship with our customers (wholesale distributors) no matter how large the numbers of our customer base may grow to.

We will ensure that we get our customers involved when making some business decisions that will directly or indirectly affect them.

Bennie Polestar® Biotechnology, LLC is a family business that will be owned and managed by Dr. Bennie Polestar (PhD) and his immediate family members.  Dr. Bennie Polestar who is the Chief Executive Officer of the Company has PhD in Biotechnology.

He has well over 20 years of experience working in related industry as a senior production manager prior to starting Bennie Polestar® Biotechnology, LLC. He will be working with a team of professionals to build the business and grow it to enviably height.

3. Our Products and Services

Bennie Polestar® Biotechnology, LLC is going to run a standard and licensed biotechnology company whose products will not only be sold in Saint Paul – Minnesota but also throughout the United States of America and Canada. We are in the Biotechnology industry to make profits and also to give our customers value for their money.

We will ensure that we do all that is permitted by the law in the United States of America to accomplish our business goal and objective. These are some of the products that we will be offering;

• DNA coding, mapping and sequencing
• Processing biotechnologies
• Sub cellular organisms engineering
• Cell and tissue culture engineering
• Protein sequencing, synthesis and engineering
• Human health technologies
• Animal health, marine and terrestrial microbial technologies
• Environmental remediation and natural resource recovery
• Agriculture and aquaculture technologies
• Industrial technologies

4. Our Mission and Vision Statement

• Our vision is to establish a standard Biotechnology Company whose products will be not only be sold in Saint Paul – Minnesota, but also throughout the United States of America and Canada.
• Our mission is to establish a standard and world class Biotechnology Company / brand that in our own capacity will favorably compete with leaders in the industry. We want to build a business that will be listed amongst the top 20 biotechnology companies in the United States of America and Canada.

Our Business Structure

Bennie Polestar® Biotechnology, LLC is a business that is established with the aim of competing favorably with other leading biotech product brands in the industry. This is why we will ensure that we put the right structure in place that will support the kind of growth that we have in mind while setting up the business.

We will ensure that we only hire people that are qualified, honest, hardworking, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders (the owners, workforce, and customers).

As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more depending how fast we meet our set target. In view of that, we have decided to hire qualified and competent hands to occupy the following positions;

• Chief Executive Officer (Owner)

Senior Research Fellow / Biotech Scientist

Human Resources and Admin Manager

Merchandize Manager

Sales and Marketing Manager

• Laboratory Assistant / Plant Breeder / Glass washer
• Accountants / Cashiers
• Customer Care Executive
• Distribution Truck Driver

5. Job Roles and Responsibilities

Chief Executive Officer – CEO (Owner):

• Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
• Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
• Responsible for fixing prices and signing business deals
• Responsible for providing direction for the business
• Responsible for signing checks and documents on behalf of the company
• Evaluates the success of the organization.
• Responsible for research and development in collaboration with others on projects. He or she makes detailed observations, analyzes data, and interprets results. Research associates prepare technical reports, summaries, protocols, and quantitative analyses. An incumbent maintains familiarity with current scientific literature and contributes to the process of a project within his or her scientific discipline, as well as investigating, creating, and developing new methods and technologies for project advancement.
• Responsible for identifying patentable inventions and acting as principal investigator in conducting his or her own experiments.
• Performs a variety of greenhouse research tasks and experiments. He or she may be required to make detailed observations, detecting horticultural or pest problems, and instituting corrective action.
• Determine optimal cultural requirements and perform tasks related to disease and pest prevention; they often are required to collect, record, and analyze data, as well as interpret results. In addition, a greenhouse assistant may be called upon to perform troubleshooting and equipment maintenance.
• Participates in scientific conferences and contribute to scientific journals.
• Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
• Ensures that the plant meets the expected safety and health standard at all times.
• Responsible for overseeing the smooth running of HR and administrative tasks for the organization
• Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
• Enhances department and organization reputation by accepting ownership for accomplishing new and different requests; exploring opportunities to add value to job accomplishments.
• Defines job positions for recruitment and managing interviewing process
• Carries out staff induction for new team members
• Responsible for training, evaluation and assessment of employees
• Oversees the smooth running of the daily office and factory activities.
• Manages vendor relations, market visits, and the ongoing education and development of the organizations’ buying teams
• Responsible for the purchase of raw materials and packaging materials
• Responsible for planning sales, monitoring inventory, selecting the merchandise, and writing and pricing orders to vendors
• Ensures that the organization operates within stipulated budget.
• Manages external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
• Model demographic information and analyze the volumes of transactional data generated by customer purchases
• Identifies, prioritize, and reaches out to new partners, and business opportunities et al
• Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
• Develops, executes and evaluates new plans for expanding increase sales
• Document all customer contact and information
• Represents the company in strategic meetings
• Helps to increase sales and growth for the company

Accountant / Cashier

• Responsible for preparing financial reports, budgets, and financial statements for the organization
• Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
• Responsible for financial forecasting and risks analysis.
• Performs cash management, general ledger accounting, and financial reporting
• Responsible for developing and managing financial systems and policies
• Responsible for administering payrolls
• Ensures compliance with taxation legislation
• Handles all financial transactions for the organization
• Serves as internal auditor for the organization

Client Service Executive

• Welcomes guests and clients by greeting them in person or on the telephone; answering or directing inquiries.
• Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
• Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services
• Manages administrative duties assigned by the manager in an effective and timely manner
• Consistently stays abreast of any new information on the company’s products, promotional campaigns etc. to ensure accurate and helpful information is supplied to clients
• Receives parcels / documents for the company
• Distributes mails in the organization
• Handles any other duties as assigned by the line manager

Laboratory Assistant/ Plant Breeder / Glass washer:

• Responsible for performing a wide variety of research laboratory tasks and experiments, making detailed observations, analyzing data, and interpreting results. He or she maintains laboratory equipment and inventory levels for laboratory supplies. He or she may also write reports, summaries, and protocols regarding experiments.
• Performs limited troubleshooting and calibration of instruments.
• Responsible for the design, development, execution, and implementation of plant breeding research projects in collaboration with a larger research team. He or she may be responsible for project planning and personnel management within the project. Plant breeders may use exotic germ plasma and work with various mating systems and integrate them with biotechnology as needed to enhance selection methods and accelerate product development.
• A plant breeder’s diverse responsibilities can include making contributions to and developing good public relations with scientific and other professional communities. He or she may also act as an adviser to company management about long-range goals for a plant breeding department. He or she may participate in the development of patents or proposals and assist with the management and development of a plant breeding group.
• Performs routine maintenance of glass-washing equipment and performs other related duties as required

Distribution Truck Drivers

• Assists in loading and unloading biotech products
• Maintains a logbook of their driving activities to ensure compliance with federal regulations governing the rest and work periods for operators.
• Keeps a record of vehicle inspections and make sure the truck is equipped with safety equipment
• Assists the transport and logistics manager in planning their route according to a delivery schedule.
• Local-delivery drivers may be required to sell products or services to pharmaceutical stores and businesses on their route, obtain signatures from recipients and collect cash.
• Transport finished goods and raw materials over land to and from manufacturing plants or retail and distribution centers
• Inspect vehicles for mechanical items and safety issues and perform preventative maintenance
• Complies with truck driving rules and regulations (size, weight, route designations, parking, break periods etc.) as well as with company policies and procedures
• Collect and verify delivery instructions
• Reports defects, accidents or violations

6. SWOT Analysis

We are quite aware that there are several biotechnology companies both large and small in the United States of America and Canada which is why we are following the due process of establishing a business so as to compete favorable with them. We know that if a proper SWOT analysis is conducted for our business, we will be able to position our business to maximize our strength, leverage on the opportunities that will be available to us, mitigate our risks and be welled equipped to confront our threats.

Bennie Polestar® Biotechnology, LLC employed the services of an expert HR and Business Analyst with bias in start – up business to help us conduct a thorough SWOT analysis and to help us create a Business model that will help us achieve our business goals and objectives.

This is the summary of the SWOT analysis that was conducted for Bennie Polestar® Biotechnology, LLC;

Part of what is going to count as positives for Bennie Polestar® Biotechnology, LLC is the vast experience of our management team, we have people on board who are highly experienced and understands how to grow business from the scratch to becoming a national phenomenon.

So also, our state of the art biotech machines and equipment, the wide varieties of biotech products that we produce, our large national distribution network and of course our excellent customer service culture will definitely count as a strong strength for the business.

A major weakness that may count against us is the fact that we are a new biotech company in the United States and we don’t have the financial capacity to engage in the kind of publicity that we intend giving the business especially when big names like AbbVie, Amgen Inc., Genentech Inc., Monsanto and Gilead et al are already determining the direction of the market both in the United States and in the global market.

• Opportunities:

The opportunities available to biotech companies with a wide range of products that cuts across many industries are enormous. As a result of that, we were able to conduct a thorough market survey and feasibility studies so as to position our business to take advantage of the existing market for biotech products and also to create our own new market. We know that it is going to requires hard work, and we are determined to achieve it.

We are quite aware that just like any other business, one of the major threats that we are likely going to face are economic downturn and unfavorable government policies. It is a fact that economic downturn affects purchasing power. Another threat that may likely confront us is the arrival of a new biotech company in same location where ours is located and where our target market exists.

7. MARKET ANALYSIS

• Market Trends

A close study of the trends in the Biotechnology industry shows that the industry is growing rapidly, with revenue increases over the last five years driven by rising use of ethanol, demand for improved crop yields and the increasing medical needs of an aging population.

The fact that there are several fields that need the input of biotech companies boost production makes it an industry that is worth paying attention to. Fields like medicine and pharmacy, agriculture (hybrid food production, hybrid bird production and hybrid animal production et al.) and non-food industries (used in the production of biodegradable plastics and bio – fuels et al).

8. Our Target Market

When it comes to selling biotech products, there is indeed a wide range of available customers. In essence, our target market can’t be restricted to just an industry, but all the industries that make use of biotech products. In view of that, we have conducted our market research and we have ideas of what our target market would be expecting from us.

We are in business to engage in developing and producing biotech products, marketing and distributing biotech products and gaining regulatory approval for biotech products. Hence our target markets are;

• Medicine and pharmaceutical manufacturing companies
• Hybrid food processing and production companies
• Hybrids crops cultivators
• Hybrid animal breeders
• Hybrid bird / poultry farmers
• Non – food industries (used in the production of biodegradable plastics and bio – fuels et al).

Our competitive advantage

A close study of the biotech industry reveals that the market has become much more intensely competitive over the last half decade. As a matter of fact, you have to be highly creative, customer centric and proactive if you must survive in this industry.

We are aware of the stiffer competition and we are well prepared to compete favorably with other biotech companies in Saint Paul – Minnesota and throughout the United States and Canada. Bennie Polestar® Biotechnology, LLC is launching a standard biotech product brand that will indeed become the preferred choice of residence of Saint Paul – Minnesota and every city where our biotech product will be sold.

Part of what is going to count as competitive advantage for Bennie Polestar® Biotechnology, LLC is the vast experience of our management team, we have people on board who are highly experienced and understands how to grow business from the scratch to becoming a national phenomenon.

So also, our state of the art biotech production machines and equipment, the wide varieties of biotech products that we produce our large and far reaching national distribution network and of course our excellent customer service culture will definitely count as a strong strength for the business.

Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category (startups biotech companies) in the biotechnology industry, meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives. We will also give good working conditions and commissions to freelance sales agents that we will recruit from time to time.

9. SALES AND MARKETING STRATEGY

• Sources of Income

Bennie Polestar® Biotechnology, LLC is established with the aim of maximizing profits in the biotech industry in both the United States of America and Canada and we are going to go all the way to ensure that we do all it takes to sell a wide range of biotech products to a wide range of customers.

Bennie Polestar® Biotechnology, LLC will generate income by selling the following biotech products;

10. Sales Forecast

One thing is assured when it comes to biotech company, if your products are meet the expected industrial standard and if your production plant is centrally positioned and easily accessible, you will always attract customers cum sales and that will sure translate to increase in revenue generation for the business.

We are well positioned to take on the available market in Saint Paul – Minnesota and every city where our biotech products will be sold and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow the business and our clientele base.

We have been able to critically examine the biotechnology industry and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projections are based on information gathered on the field and some assumptions that are peculiar to similar startups in Saint Paul – Minnesota.

Below is the sales projection for Bennie Polestar® Biotechnology, LLC, it is based on the location of our business and other factors as it relates to small scale and medium scale biotech company start – ups in the United States;

• First Fiscal Year-: $250,000
• Second Fiscal Year-: $550,000
• Third Fiscal Year-: $950,000

N.B : This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor manufacturing same biotech products and customer care services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.

• Marketing Strategy and Sales Strategy

Before choosing a location for Bennie Polestar® Biotechnology, LLC and also the kind of biotech products we will produce, we conduct a thorough market survey and feasibility studies in order for us to be able to be able to penetrate the available market in our target market locations.

We have detailed information and data that we were able to utilize to structure our business to attract the numbers of customers we want to attract per time and also for our products to favorable compete with other leading biotech brands in the United States of America and Canada.

We hired experts who have good understanding of the biotechnology industry to help us develop

In other to continue to be in business and grow, we must continue to sell our biotech products to the available market which is why we will go all out to empower or sales and marketing team to deliver our corporate sales goals. In summary, Bennie Polestar® Biotechnology, LLC will adopt the following sales and marketing approach to sell our biotech products;

• Introduce our biotech products brand by sending introductory letters to Medicine and pharmaceutical manufacturing companies, Hybrid food processing and production companies, Hybrids crops cultivators, Hybrid animal breeders, Hybrid bird / poultry farmers, and Non – food industries (used in the production of biodegradable plastics and bio – fuels et al) and other stakeholders in Saint Paul – Minnesota and other cities both in the United States of America and Canada
• Engage in road show in targeted communities from time to time to market our products
• Advertise our products in community based newspapers, local TV and radio stations
• List our business and products on yellow pages ads (local directories)
• Leverage on the internet to promote and market our biotech product brands
• Engage in direct marketing and sales
• Encourage the use of Word of mouth marketing (referrals)
• Join local chambers of industry and commerce with the aim of networking and marketing our products.

11. Publicity and Advertising Strategy

In spite of the fact that our biotech manufacturing plant is a standard one with a wide range of biotech products that in few years from now will favorably compete with other leading brands in the industry like AbbVie, Amgen Inc., Genentech Inc., Monsanto and Gilead we will still go ahead to intensify publicity for all our products and brand. We are going to explore all available means to promote Bennie Polestar® Biotechnology, LLC.

Bennie Polestar® Biotechnology, LLC has a long-term plan of distributing our biotech products in various locations all around the United States of America and Canada which is why we will deliberately build our brand to be well accepted first in Saint Paul – Minnesota before venturing out. As a matter of fact, our publicity and advertising strategy is not solely for selling our products but to also effectively communicate our brand.

Here are the platforms we intend leveraging on to promote and advertise Bennie Polestar® Biotechnology, LLC;

• Place adverts on both print (community based newspapers and magazines) and electronic media platforms
• Sponsor relevant community programs
• Leverage on the internet and social media platforms like; Instagram, Facebook, twitter, et al to promote our biotech product brand
• Install our Bill Boards on strategic locations all around major cities in the United States of America and Canada
• Engage in road show from time to time in targeted communities
• Distribute our fliers and handbills in target areas
• Position our Flexi Banners at strategic positions in the location where we intend getting customers to start patronizing our products.
• Ensure that our products are well branded and that all our staff members wear our customized clothes, and all our official cars and distribution vans are customized and well branded.

12. Our Pricing Strategy

When it comes to pricing for products such as biotech products, there are two sides to the coin. We are aware of the pricing trend in the biotech industry which is why we have decided to produce various sizes of biotech products as regulated by the industry.

In view of that, our prices will conform to what is obtainable in the industry but will ensure that within the first 6 to 12 months our products are sold a little bit below the average prices of various biotech product brands in the United States of America. We have put in place business strategies that will help us run on low profits for a period of 6 months; it is a way of encouraging people to buy into our generic pharmaceutical product brands.

• Payment Options

The payment policy adopted by Bennie Polestar® Biotechnology, LLC is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.

Here are the payment options that Bennie Polestar® Biotechnology, LLC will make available to her clients;

• Payment via bank transfer
• Payment with cash
• Payment via credit cards / Point of Sale Machines (POS Machines)
• Payment via online bank transfer
• Payment via check
• Payment via mobile money transfer
• Payment via bank draft

In view of the above, we have chosen banking platforms that will enable our client make payment for biotech products purchase without any stress on their part. Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash or make online transfer for the purchase of our products.

13. Startup Expenditure (Budget)

Starting a standard biotech company is indeed a capital – intensive business. This is so because the amount required in setting up a biotech production plant is not a piecemeal. The bulk of the start – up capital will be sent on leasing or acquiring a facility, acquiring license and in purchasing biotech lab machines and equipment.

Aside from that, you are not expected to spend much except for purchase and servicing of distribution trucks, purchasing raw materials, paying of your employees and utility bills. These are the key areas where we will spend our start – up capital;

• The total fee for registering the Business in the United States of America – $750.
• Legal expenses for obtaining licenses and permits as well as the accounting services (software, P.O.S machines and other software) – $1,300.
• Marketing promotion expenses for the grand opening of Bennie Polestar® Biotechnology, LLC in the amount of $3,500 and as well as flyer printing (2,000 flyers at $0.04 per copy) for the total amount of – $3,580.
• The cost for hiring Business Consultant – $2,500.
• The cost for insurance (general liability, workers’ compensation and property casualty) coverage at a total premium – $2,400.
• The cost for payment of rent for 12 months at $1.76 per square feet in the total amount of $105,600.
• The cost for construction of a standard biotech lab / production plant – $100,000.
• Other start-up expenses including stationery ( $500 ) and phone and utility deposits ( $2,500 ).
• Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $100,000
• The cost for start-up inventory (mixing, blending, compounding and packaging equipment, raw materials, and packaging materials et al) – $80,000
• Cost for store equipment (cash register, security, ventilation, signage) – $13,750
• Cost of purchase of distribution vans – $60,000
• The cost for the purchase of furniture and gadgets (Computers, Printers, Telephone, Fax Machines, tables and chairs et al) – $4,000.
• The cost of launching a website – $600
• The cost for our opening party – $10,000
• Miscellaneous – $10,000

We would need an estimate of $500,000 to successfully set up our biotech company in Saint Paul – Minnesota. Please note that this amount includes the salaries of all the staff for the first 3 month of operation.

Generating Funds / Startup Capital for Bennie Polestar® Biotechnology, LLC

Bennie Polestar® Biotechnology, LLC is a family business that is owned and financed by Dr. Bennie Polestar (PhD) and his immediate family members. They do not intend to welcome any external business partner which is why he has decided to restrict the sourcing of the start – up capital to 3 major sources.

These are the areas we intend generating our start – up capital;

• Generate part of the start – up capital from personal savings and sell of stocks
• Source for soft loans from family members and friends
• Apply for loan from my Bank

N.B: We have been able to generate about $200,000 ( Personal savings $150,000 and soft loan from family members $50,000 ) and we are at the final stages of obtaining a loan facility of $300,000 from our bank. All the papers and document have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount.

14. Sustainability and Expansion Strategy

The future of any business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop.

One of our major goals of starting Bennie Polestar® Biotechnology, LLC is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running. We know that one of the ways of gaining approval and winning customers over is to sell our biotech products a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

Bennie Polestar® Biotechnology, LLC will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List / Milestone

• Business Name Availability Check: Completed
• Business Registration: Completed
• Opening of Corporate Bank Accounts: Completed
• Securing Point of Sales (POS) Machines: Completed
• Opening Mobile Money Accounts: Completed
• Opening Online Payment Platforms: Completed
• Application and Obtaining Tax Payer’s ID: In Progress
• Application for business license and permit: Completed
• Purchase of Insurance for the Business: Completed
• Leasing of facility and construction of standard biotech lab / production plant: In Progress
• Conducting Feasibility Studies: Completed
• Generating capital from family members and friends: Completed
• Applications for Loan from the bank: In Progress
• writing of business plan: Completed
• Drafting of Employee’s Handbook: Completed
• Drafting of Contract Documents and other relevant Legal Documents: In Progress
• Design of the Company’s Logo: Completed
• Graphic Designs and Printing of Packaging Marketing / Promotional Materials: In Progress
• Recruitment of employees: In Progress
• Purchase of the needed biotech machines and equipment, furniture, racks, shelves, computers, electronic appliances, office appliances and CCTV: In progress
• Creating Official Website for the Company: In Progress
• Creating Awareness for the business both online and around the community: In Progress
• Health and Safety and Fire Safety Arrangement (License): Secured
• Opening party / launching party planning: In Progress
• Establishing business relationship with Medicine and pharmaceutical manufacturing companies, Hybrid food processing and production companies, Hybrids crops cultivators, Hybrid animal breeders, Hybrid bird / poultry farmers, and Non – food industries (used in the production of biodegradable plastics and bio – fuels et al): In Progress

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Biotech Business Plan Template

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Are you interested in starting your own biotech Business?

When starting a biotech business, it is important to first identify your target market. This can be done by considering who will be most interested in your product or service. For example, if you are developing a new cancer treatment, your target market may be hospitals or oncologists. Once you have identified your target market, you can begin to market your product or service to them. This can be done through advertising, public relations, or other marketing channels.

There are a few key things you need to consider when developing a business model for your biotech startup. First, you need to have a clear understanding of the problem you are solving and the market opportunity. What unmet needs does your product or service address? What is the size of the potential market? Who are your target customers? Second, you need to think about your value proposition. What makes your product or service unique and better than what is already out there? What will you be able to charge for your product or service? Third, you need to have a clear go-to-market strategy. How will you reach your target customers? How will you generate demand for your product or service? Fourth, you need to think about your financial model. What are your startup costs? How will you generate revenue? What are your operating expenses? What is your break-even point? Finally, you need to put together a strong team. Do you have the right mix of skills and experience on your team to execute on your business model? Do you have the necessary financial backing to sustain operations until you reach profitability? By answering these key questions, you will be on your way to developing a sound business model for your biotech startup..

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Business Plan Content

• Executive Summary
• Company Overview
• Industry Analysis
• Consumer Analysis
• Competitor Analysis & Advantages
• Marketing Strategies & Plan
• Plan of Action
• Management Team

The financial forecast template is an extensive Microsoft Excel sheet with Sheets on Required Start-up Capital, Salary & Wage Plans, 5-year Income Statement, 5-year Cash-Flow Statement, 5-Year Balance Sheet, 5-Year Financial Highlights and other accounting statements that would cost in excess of £1000 if obtained by an accountant.

The financial forecast has been excluded from the business plan template. If you’d like to receive the financial forecast template for your start-up, please contact us at [email protected]. Our consultants will be happy to discuss your business plan and provide you with the financial forecast template to accompany your business plan.

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To complete your perfect biotech business plan, fill out the form below and download our biotech business plan template. The template is a word document that can be edited to include information about your biotech business. The document contains instructions to complete the business plan and will go over all sections of the plan. Instructions are given in the document in red font and some tips are also included in blue font. The free template includes all sections excluding the financial forecast. If you need any additional help with drafting your business plan from our business plan template, please set up a complimentary 30-minute consultation with one of our consultants.

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• Strategic Planning
• Published: June 2002

Writing your business plan

• Lorin Cohen 1  

Nature Biotechnology volume  20 ,  pages BE33–BE35 ( 2002 ) Cite this article

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Lorin Cohen describes what you need to include in your business plan to ensure that it is an effective tool for fundraising.

You have full access to this article via your institution.

After three years in the laboratory, your research team has made an unprecedented scientific breakthrough. Further evaluation confirms the value of this discovery, the potential of which is even greater than you first expected. In fact, the research has so much potential, you are certain investors and angels will be falling over themselves to fund your work and turn it into a commercial venture. Think again.

Like many other bioentrepreneurs, you are now about to experience one of the most challenging aspects of product development—securing the capital and resources needed to bring a technology to market. Although there will always be investors interested in exciting opportunities, you will have to be well prepared and patient to successfully raise capital today.

Commercialization of science, especially the development of a new drug, costs hundreds of millions of dollars and can take 15 years or more. The majority of these expenses are typically underwritten by outside sources, which must be solicited and secured by the management team. Whether you are soliciting venture capitalists, strategic partners, investment bankers, or private equity, you will need a business plan with which to initiate the dialogue.

However, most “professional” investors see more than a hundred plans every week—so if your plan does not grab the reader's interest, you may not even make it to the initial analysis round. To that end, it is imperative that your plan provide potential investors with confidence that your technology will lead to revenue, profit, and significant market share, based on the company's fundamentals and the marketplace.

Although each plan is as unique as the business it describes, there are key elements that should be present in any plan. Here we offer an overview of the most common topics and key strategic elements that should be included in your business plan. These suggestions are based upon a proven methodology that has been used to successfully complete hundreds of business plans over the past two decades (see also “ Business plan do's and don'ts ”).

Executive summary

Your plan should start with a brief (two- to five-page) summary providing the reader with a solid overview of your business. The opening paragraph should be strong, giving the reader an instant understanding of your ultimate goals. An effective summary should be able to stand alone, and should entice the reader without giving too much proprietary detail away. Specifically, an executive summary should include an overview of the technology, the company's near- and long-term objectives, the key points of the strategic plan achieve those goals, the revenue model, and summary financial projections.

The market section should discuss the parameters of the key sector in which the company operates. There may be many potential applications of your innovation, but if your parameters are too broad, most investors will see the flip side—that you will be spread so thin that you will not have enough resources to apportion a sufficient amount to each goal. Therefore, limit your efforts to one or two objectives in the near term.

It is also important that these sectors be well defined. Is the target market substantial and sustainable? Who are the customers—are they patients, doctors, drug manufacturers, clinical research organizations (CROs)? What trends and regulations might influence this sector in the future: for example, are certain brand-name pharmaceuticals soon to come off patent?

If there are no figures available for the size of the market in question, you can lead the reader to the appropriate conclusion using anecdotal information. For example, a client developing a new diagnostic for Alzheimer's disease cited the increasing size of the population of people over 65 years of age, as baby boomers reach the age of onset of the disease, as an indicator of the projected market.

Competition

Investors will expect you to be well informed about the competitive environment. Do not make the mistake of stating that you have no competitors—you certainly do. Your customers are already meeting their needs in some manner, even though they may not be achieving the level of satisfaction or efficacy that your new solution will provide. For example, the drug they take today may provide some relief for their symptoms, whereas your pill will eliminate them. Perhaps your diagnostic is accurate in 98% of cases, as compared with the competition's 87% accuracy rate.

Your objective in the business plan is to illustrate the current unmet need within the market and how your product fills this gap. Specifically, explain how your product is, for example, faster, more reliable, and more cost-effective than what is already available and how those advantages will benefit the user and other members of the market, making a clear case that there is a demand for this benefit. For example, you would not be justified in taking five years and $100 million to develop a digital thermometer for consumers that is accurate to the thousandth of a degree. It is also important that you indicate how long you anticipate maintaining your competitive advantage; for example, you may hold a patent that puts you 18 months ahead of the competition.

You are probably thinking, “At last, science, that's the easy part”; but remember your audience. You are writing a business plan, not a white paper or peer-reviewed journal article. Whereas you want to generate interest in, and support for, your work, the readers of this business plan are looking for evidence that your technology could generate income—the more, and the sooner, the better.

You will certainly need to describe your technology within the business plan; however, it should be explained in clear, familiar terms. Like most bioentrepreneurs, you are likely quite passionate about your technology, having lived with it for quite some time. It might be best to have a “detached” party read the science section before you submit your plan. Make sure they can understand it and can recount it to you accurately.

A strategy for growth

The strategy for the growth of the company is the essence of your business plan. How are you going to achieve your goals? How will you differentiate your product from the competition? What efforts are you going to undertake in the pursuit of these objectives? Common activities include the sale of a product in less regulated international markets, pursuit of licensing agreements in unrelated sectors, securing “fee-for-service” research contracts, establishing joint ventures with strategic partners, and the like. Each campaign must be geared toward achieving the company's long-term objectives.

Be specific—establish milestones that can be measured. Investors will want to know how long their financial contributions will last you, and what they will be used for. Your chance of success with investors improves substantially if they feel you can account for the funds. Thus, if you tell investors you need $2 million to hire a manager to take a product into phase 3 trials, recruit patients, and commence manufacturing of the product for these trials, and you achieve those objectives within the budget, they are far more likely to provide you with additional capital when you move on to the next phase of development. If you miss the mark and do not accomplish your goals, you will have to return to your supporters hat in hand, and spend much time explaining your shortcomings rather than your successes.

Investors will also want a detailed account of how much capital you need, the timing of the infusions, and your intentions for “their” money. Be sure that all items discussed in your growth strategy are accounted for in the projections. What will additions to the management team cost (e.g., benefits, stock options, advisor fees)? What are the expenses associated with engaging an experienced CRO? What type of travel will be required to oversee your operations in, say, the Pacific Rim? What will it cost you to manufacture your product under Good Manufacturing Practice guidelines so that you can complete phase 3 trials? If you are fortunate enough to have an application that is or will soon be generating revenue, what is or will be your revenue model (product sales, licensing fees)?

Often the best way to get a handle on these expenses is to tie them together in a flow chart. Map out each of the activities necessary to achieve your goal and assign a cost to every one. This will enable you to visualize and prioritize all the efforts that must be undertaken to reach your goals. Do not forget to include the day-to-day expenses, or “burn rate,” associated with running your operation. Often companies underestimate these needs during a time of growth. How much space will you need for another laboratory to initiate testing of a new compound, and can a team of three truly oversee your national sales drive effectively?

It may be a cliché, but it is true that whereas some investors bet on the horse, others bet on the jockey. You should therefore show that you have a management team with the skill set necessary to execute the action plan, and that they have the necessary commitment to succeed. Provide short biographies of key members of senior management and key advisors, including all relevant experience and associations. It is not, however, necessary to provide a 12-page résumé on each board member; that information can be forwarded to interested parties on request.

Financial projections

The financial projections essentially present your business plan in dollars and cents. You should include three- to five-year “Statements of Operations and Cash Flow.” If your company is beyond the research and development stage (that is, it is operational and is generating revenue), you will also want to include a balance sheet.

Potential investors will want to see financial projections; however, they may be equally interested in the underlying assumptions. An investor reviewing your plan may have questions regarding your projections, and if they have to contact you to ask questions and review figures, that may be enough of an inconvenience to stop the process. It therefore is critical that your plan include a comprehensive overview of the factors used to generate your projections. These figures do not need to be refined down to the cent, but they should enable the reader to determine, for example, your pricing, units sold, operating expenses, and items included in research and development costs.

This information enables the reader to challenge the projections provided, adjusting the assumptions based on their own experience. For instance, a potential strategic partner might evaluate your projections differently knowing that their purchasing capabilities would reduce the price of raw materials by 25%.

Final thoughts

Raising capital is a difficult and time-consuming task. Investors will not typically provide you with funding much beyond a 12–18 month horizon. They will likely feel that their funds will perform better under their own management rather than in your bank account. Because the expenses associated with the commercialization of a new technology typically range into the hundreds of millions of dollars, it is likely that you will have to go back to the “well” several times during your development process. Even if you find a powerful strategic partner with deep pockets, you will regularly have to justify your budgets. This process can be daunting, even for experienced business professionals, but a clear and concise business plan will serve you well in many ways. The mere exercise of creating one should provide you with insight into your company's strengths and weaknesses.

Be sure to get the input of key personnel in the various divisions of your business in writing the business plan, because if they do not “buy into” the plan, your chances of success are reduced. If you do not feel that your team is capable of developing an effective plan in a timely manner, do not hesitate to contract a professional to manage the project on your behalf. Professionally written plans are common within all industries and will serve you far better than an internally generated plan that is incomplete.

Finally, remember that this is a business plan —it is not scientific document and it is not written in stone. With an open mind and an aptitude for flexibility, you will be able to raise capital and pursue viable opportunities. The resulting document not only will be a valuable tool in raising capital, it can be used to secure strategic partners, recruit, and serve as an internal roadmap for growth.

Box 1: Business plan do's and don'ts

• Highlight the business opportunities associated with the venture's science

• Be realistic in establishing milestones

• Create the plan around “moderate” assumptions

• Plan an infrastructure that will accommodate growth

• Write clearly and use graphics when appropriate

• Mistake an exciting technology for a business

• Ignore the weaknesses in your company or plan

• Overlook the competition

• Include untruths, semi-truths, or wishful thinking

• Write anything you cannot defend in meetings with investors

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Cohen, L. Writing your business plan. Nat Biotechnol 20 (Suppl 6), BE33–BE35 (2002). https://doi.org/10.1038/nbt0602supp-BE33

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Best 20 Biotechnology Business Ideas with High Profit

• November 19, 2023
• by Next What Business Research Team

Biotechnology, a transformative field at the intersection of biology and technology, is driving innovation and reshaping industries. Entrepreneurs keen on venturing into the dynamic realm of biotechnology have a spectrum of opportunities to explore. From healthcare breakthroughs to sustainable solutions, here are some of the best biotechnology business ideas poised to make a significant impact:

What is Biotechnology?

Biotechnology is a dynamic and interdisciplinary field. It harnesses the principles of biology and technology to manipulate living organisms, cells, and biological systems for the betterment of humanity. The field of biotechnology involves a wide spectrum of applications, ranging from healthcare and agriculture to industry and the environment. Here’s an overview of the fundamental aspects of biotechnology:

a) Genetic Manipulation

Biotechnology often involves the alteration of genetic material, whether in microorganisms, plants, or animals. This can be achieved through techniques like genetic engineering, CRISPR-Cas9, and gene cloning.

b) Cell Culture and Tissue Engineering

Biotechnologists cultivate and manipulate cells in controlled environments to study their behaviour or create tissues for medical applications. This is crucial in regenerative medicine and the development of artificial organs.

c) Protein Expression

Biotechnology plays a vital role in the expression and production of proteins, including enzymes and therapeutic proteins. Recombinant DNA technology is commonly used to introduce foreign genes into host organisms for protein synthesis.

Applications of Biotechnology

Some of the major applications of biotechnology are the following:

• Pharmaceuticals: Biotechnology contributes to the development of biopharmaceuticals, including vaccines, monoclonal antibodies, and gene therapies.
• Diagnosis and Treatment: Molecular diagnostics, personalized medicine, and targeted therapies are outcomes of biotechnological advancements.

Agriculture

• Genetically Modified Organisms (GMOs): Biotechnology enhances crop traits for improved yield, resistance to pests, and adaptation to environmental conditions.
• Biofertilizers and Biopesticides: Microbial biotechnology provides eco-friendly solutions for soil fertility and pest management.
• Enzyme Technology: Industrial processes benefit from biocatalysts, such as enzymes, for efficient and sustainable production.
• Bioprocessing: Fermentation and other bioprocessing techniques are employed for the production of biofuels, chemicals, and materials.

Environmental Management

• Bioremediation: Biotechnological approaches aid in the cleanup of pollutants and contaminants in soil, water, and air.
• Waste Treatment: Microbial biotechnology contributes to the treatment of wastewater and the conversion of organic waste into useful products.

Research and Development

• Genomic Studies: Biotechnology facilitates genomic research, allowing scientists to sequence, analyze, and understand the genetic makeup of organisms.
• Stem Cell Research: Advances in biotechnology play a crucial role in stem cell research, with implications for regenerative medicine.

Why Start a Biotechnology Business?

Starting a biotechnology business is not merely a business venture. It is a commitment to shaping the future of science, healthcare, and sustainability. Entrepreneurs in the biotechnology sector are driven by a confluence of factors that make this field uniquely compelling. Here are compelling reasons to consider starting a biotechnology business:

• Biotechnology has the power to revolutionize industries
• Provide medical solutions
• Biotechnology in agriculture offers solutions for sustainable farming, crop improvement, and environmentally friendly practices.
• Provide cleaner, greener Solutions
• Biotechnology businesses can contribute to global health by developing vaccines, treatments, and diagnostic tools that address prevalent diseases and health disparities.
• Intellectual Satisfaction
• High growth potential

List of 20 Biotechnology Business Ideas

1. genetic testing services.

Offering genetic testing services that provide individuals with insights into their genetic makeup, health risks, and ancestry. This can include testing for hereditary diseases, personalized nutrition plans, and even genealogy services.

• Empower individuals to make informed health decisions.
• Taps into the growing interest in personalized medicine.

2. Precision Medicine Development

You can focus on the development of precision medicine, tailoring medical treatments to individual characteristics. It can be genetic makeup and targeted therapies for cancer and other diseases.

• Enhances treatment efficacy while minimizing side effects.
• Positions the business at the forefront of medical innovation.

3. Agri clinic

A small-scale Agri clinic or agribusiness centre is one of the best businesses in the biotechnology industry to start on agricultural land. Establishing agri clinics that provide agricultural consultancy services to farmers. This can include crop management advice, soil testing, nutrient deficiency charts, seed testing, pest control strategies, and the introduction of innovative farming techniques.

• Supports farmers with expert guidance.
• Creates a channel for disseminating agricultural innovations.

4. Biopharmaceutical Manufacturing

Establishing a biopharmaceutical manufacturing unit to produce biologics, including monoclonal antibodies, vaccines, and other therapeutic proteins. This is a critical sector within the pharmaceutical industry.

• Addresses the increasing demand for biologically derived drugs.
• Offers opportunities for collaboration with pharmaceutical companies.

5. Biodegradable Plastics Production

Leveraging biotechnology to develop and produce biodegradable plastics as an eco-friendly alternative to traditional plastics. This contributes to the reduction of plastic pollution.

• Aligns with global sustainability goals.
• Addresses environmental concerns associated with plastic waste.

6. Biofertilizer Manufacturing

This is one of the best-emerging businesses in the biotechnology industry. Biofertilizers are living microorganisms of bacterial, fungal, and algal origin. The awareness of using biofertilizers, among farmers is increasing rapidly. Biofertilizer manufacturing is very popular among profitable biotech business ideas in the agriculture sector. Apart from this, biofertilizers are essential items for organic farming. Some of the most popular biofertilizers are Rhizobium, Azotobacter, Azospirillum, Blue-green Algae, Phosphate solubilizing microorganisms, etc.

• Improves soil health and fertility.
• Reduces reliance on chemical fertilizers.

7. Biopesticide Manufacturing

Biopesticides are Plant Protection Products that contain Biological Control Agents (BCAs) as microbial, pheromones, and plant extracts. They are typically used in combination with conventional chemical pesticides in the framework of the Pest Integrated Management (IPM) to safeguard the health of the roots, the plant growth, and the quality of the crop, to reduce the occurrence of resistance and to lower residue levels.

• Addresses environmental concerns associated with chemical pesticides.
• Promotes integrated pest management.

8. Compost Fertilizer Production

You can initiate a compost fertilizer production unit in small towns, rural areas, and urban areas. You can start this business with crop waste, vegetable waste, and kitchen waste. Additionally, you can start the unit with a small capital investment. Read More…

• Converts organic waste into valuable fertilizer.
• Enhances soil structure and water retention.

9. Synthetic Biology Applications

Exploring synthetic biology applications to engineer biological systems for various purposes, such as biofuel production, industrial processes, and environmental remediation.

Offers innovative solutions to complex challenges. Explores the potential of bioengineering in diverse industries.

10. Stem Cell Therapy Clinics

Establishing clinics that specialize in stem cell therapies for various medical conditions. This includes regenerative medicine applications for tissue repair and disease treatment.

• Capitalizes on the growing interest in regenerative medicine.
• Addresses a range of medical conditions with innovative therapies.

11. Bioinformatics Services

Overview: Providing bioinformatics services that analyze and interpret biological data, especially in genomics and proteomics. This can include data management, analysis, and interpretation for research institutions and biotech companies.

Supports advancements in genomics and personalized medicine. Serves as a crucial component in drug discovery and development.

12. Agricultural Biotechnology Solutions

Developing biotechnology solutions for agriculture, such as genetically modified crops for enhanced yield, disease resistance, and nutritional value. This can also include sustainable agricultural practices.

Addresses food security challenges. Promotes environmentally friendly farming practices.

13. Microbial Bioremediation Services

Offering services that utilize microbial bioremediation to clean up environmental pollutants. This can include the remediation of oil spills, wastewater treatment, and soil restoration.

• Provides eco-friendly solutions to environmental challenges.
• Aligns with sustainability and corporate responsibility initiatives.

14. Neurotechnology Innovations

Venturing into neurotechnology to develop innovations such as brain-machine interfaces, neurostimulation devices, and diagnostic tools for neurological disorders.

• Contributes to advancements in neuroscience and neurology.
• Addresses the growing prevalence of neurological conditions.

15. Biodiesel Production

Bio-diesel production units can be established on a small-scale basis at any place where the main raw material Jatropha oil is easily available. Setting up a biodiesel production unit that utilizes crops or waste to produce biofuels. This promotes sustainable energy sources and reduces dependence on fossil fuels.

• Contributes to renewable energy solutions.
• Utilizes agricultural resources efficiently.

16. Food Processing

You can consider integrating biotechnological processes into food processing units. This can include developing genetically modified crops for enhanced nutritional content or using enzymes for food preservation.

17. Hybrid Seeds

The production of high-yield seeds is one of the most profitable businesses in the biotechnology industry. Good quality vegetable seeds, fruit seeds, and flower seeds are in high demand.

• Addresses the demand for high-yielding and resilient crop varieties.
• Supports sustainable agriculture practices.

18. Specialty Medicine Manufacturing

A Medicinal product is defined as any substance or combination of substances presented for treating or preventing disease in human beings. Any substance or combination of substances that may be administered to human beings to make a medical diagnosis or to restore, correct, or modify physiological functions in human beings is likewise considered a medicinal product.

• Provides targeted healthcare solutions for livestock.
• Explores the potential of biopharmaceuticals in animal health.

19. Vaccine Manufacturing

You can think of establishing a vaccine manufacturing unit for livestock to prevent and control diseases. This contributes to the overall health and productivity of agricultural animals. This business demands substantial capital investment even to start on a small scale.

• Enhances animal welfare and productivity.
• Addresses health challenges in the agricultural sector.

20. Vermicompost Production

You can Create a vermicompost production facility that utilizes earthworms to convert organic waste into nutrient-rich vermicompost. This supports organic farming practices. It is sometimes superior to chemical fertilizers for better crop growth and safe food production. The business is very profitable. You can start with a small capital investment.

• Produces high-quality organic fertilizer.
• Promotes sustainable waste management.

Related:  Top Agriculture Business Ideas 

Frequently Asked Questions

What qualifications or expertise do i need to start a biotechnology business.

Answer: While a background in biology, biochemistry, or related fields is advantageous, an entrepreneurial spirit and a passion for innovation are key. Collaborating with experts and staying informed about the latest advancements in biotechnology is essential.

How can I secure funding for a biotechnology startup?

Explore various funding options, including venture capital, government grants, angel investors, and partnerships with research institutions. A robust business plan outlining the potential impact of your biotechnology solution can attract investors.

Are there regulatory considerations for launching a biopharmaceutical manufacturing unit?

Yes, regulatory compliance is crucial. Work closely with regulatory authorities to ensure adherence to safety, quality, and ethical standards. Engage with professionals experienced in navigating the regulatory landscape.

What challenges might I face in the production of biodegradable plastics?

Challenges may include finding sustainable raw materials, achieving cost-effective production, and ensuring the biodegradability of the final product. Research and development are key to overcoming these challenges.

How can I stay updated on the latest advancements in bioinformatics for my services?

Subscribe to scientific journals, attend conferences, and engage with online forums and communities in the field of bioinformatics. Establish collaborations with researchers and institutions to stay at the forefront of advancements.

Is there public acceptance of genetically modified crops in agriculture?

Public acceptance can vary. Transparent communication about the benefits, safety measures, and ethical considerations of genetically modified crops is essential. Engaging with communities and addressing concerns contributes to public trust.

What are the ethical considerations in stem cell therapy clinics?

Ethical considerations include informed consent, patient privacy, and responsible use of stem cells. Adhere to ethical guidelines and collaborate with healthcare professionals to ensure ethical practices in stem cell therapies.

How can I ensure the environmental safety of microbial bioremediation services?

Conduct thorough research on the specific microorganisms used in bioremediation, their environmental impact, and potential risks. Collaborate with environmental scientists and regulatory bodies to implement safe and effective bioremediation solutions.

Are there intellectual property considerations in biotechnology businesses?

Yes, protecting intellectual property is crucial. Consider patents for novel inventions, trademarks for branding, and trade secrets for confidential processes. Consult with intellectual property professionals to safeguard your innovations.

How can I navigate the challenges of launching neurotechnology innovations?

Neurotechnology faces challenges related to ethical concerns, regulatory approval, and the complexity of the human brain. Collaborate with neuroscientists, ethicists, and regulatory experts to address these challenges responsibly.

• Business Templates
• Sample Plans

FREE 8+ Biotech Business Plan Samples in MS Word | Google Docs | Apple Pages | PDF

You, like many other bio entrepreneurs, are going to face one of the most difficult elements of product development : obtaining the finance and resources necessary to bring a technology to market. Despite the fact that investors will always be interested in interesting ideas, you will need to be well prepared and patient in order to obtain funds today. A new drug can cost hundreds of millions of dollars and take up to 15 years to develop. The majority of these costs are usually covered by outside sources, which the management team must seek out and secure. Most investors, on the other hand, examine over a hundred plans per week, so if yours does not pique the reader’s interest, you may not even make it to the first round of scrutiny. To that end, it’s critical that your business plan convinces potential investors that, based on the company’s fundamentals and the market, your technology will generate revenue, profit, and significant market share.

Biotech Business Plan

8+ biotech business plan samples, 1. biotech business plan template, 2. biotech business plan, 3. biotech startup business plan, 4. biotech executive business plan, 5. biotech development business plan, 6. biotech management business plan, 7. biotech career business plan, 8. biotech business continuity plan, 9. biotech final business plan, reasons why you need a biotech business plan, what are the aspects of your company that you should include in your business plan, why do we need a business plan.

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Biotechnology has made a difference in the lives of millions, if not billions, of people all over the world. The strong demand for biotech products and services has led to a surge in the number of people interested in working in this field. If you choose to go down this path, you should employ a specialist to draft a professional biotech business plan for you.

• It scales up existing business – If you already have a firm but want to focus on biotechnology in order to expand it to new heights, you may do it by employing a business plan as a road map to success. The plan will specify the number of resources you should devote to the new venture, as well as assist you in developing a winning approach to reach your short- and long-term goals and objectives . Our team of skilled business analysts, researchers, and writers will collaborate to create a high-quality business plan that will propel the company forward.
• It supports loan application – It is not a guarantee that submitting loan application papers to a financial institution or an individual lender will result in you being approved for a loan. You must demonstrate to the bank or investor that you have the necessary skills to ensure that the biotech firm succeeds and becomes profitable. Finally, the bank will expect you to service the loan, and the investors will expect a return on their investment in the form of a business plan after a certain amount of time.
• It has chronologic steps in creating a business – One of the most difficult challenges that businesses have when starting a new firm is determining the particular actions they need to follow to avoid errors and regrets along the way. You will be able to identify the proper measures to take throughout the first phases and even after the firm is fully operating if you entrust your plan to a legally authorized and respected business writer.
• It provides guidance when hiring professionals – It is impossible to start a biotech firm on your own. You’ll need a team of specialists to assist you in making sound judgments that will rocket and lead your company in the proper direction. To handle any legal concerns, the corporation will need a crew of legally licensed and renowned attorneys. You will be able to identify the pros you should hire if you have a team of dedicated, highly trained, and well-educated business plan biotech writers and consultants on your side.
• It brings more business partners – The perfect partners should share your business aims and objectives and be dedicated to ensuring that the company achieves its objectives. You’ll be able to discuss all of the business ideas with the partners before signing the agreement if you use a biotech startup business plan roadmap. Many businesses will approach you with offers to join you as business partners once your company is up and operating. It is vital to make sure that such partnerships are created methodically and properly to ensure that all the decisions decided upon in the boardroom meets are informed and incapable of spelling doom for your organization.
• You will get a chance to know the investor audience – This is one of the most important factors, but a surprising amount of people interested in biotechnology ignore it. The two techniques to determine your target audience are to assess the investor’s firm and the partner, in this example, you. Over the last four years or so, the ideal investment firm should have at least managed to establish a fund. If not, there’s a good chance they’re only looking to meet you in order to stay current and respectable in the market.
• It makes you understand your strengths and weaknesses – Today’s most successful businesses are owned and managed by business specialists who are familiar with their strengths and shortcomings. You must have a clear mental picture of yourself and know what you are and are not. In this sector, attempting to accomplish everything is unproductive and will almost certainly result in resource waste.

It includes opportunity, product, market, competition, IP, team, business model, exit strategy , and executive summary.

Your company’s business plans have both internal and external value. There are numerous values within the company. It enables you to have a solid plan in place that can propel a team forward rapidly while also allowing you to simply convey your priorities. A SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis should be included in any company plan.

The most common mistake in biotechnology business plans is a lack of quantification of market potential, as certain Biotech products have a very small market and investors are aware of this. Another significant impediment is a focus on deep technical elements without respect for the company’s business side, such as the commercialization of a go-to-market plan.

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Biotech Business Plan Sample

Published Jul.15, 2016

Updated Apr.19, 2024

By: Noor Muhammad

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Table of Content

Biotechnology has helped to improve the lives of millions if not billions of people from all across the globe. The high demand for biotech products and services has resulted in an influx in the number of individuals want to venture into this industry. If you are planning to travel this road, it is important that you hire an expert to write a professional business plan for biotech for you.

For many years, OGSCapital has been helping entrepreneurs like you who have a goal and a dream to run a profitable business succeed. One of the corner pillars that our biotech startup business plan service packages are founded on is professionalism. Over the years, we have worked smart to come up with a set of protocols and processes that enable us to deliver nothing but the best biotech startup business plans to our clients. Our team undertakes regular training courses that help them to stay abreast of the new business plan writing techniques. Unlike other business writing firms, we do not use or have any business templates in our possession. Instead, we use our deep understanding of the business world and inherent ability to write quality biotechnology business plans.

Here are the primary reasons why you need an expertly written biotechnology business plan.

Scale up existing business.

If you already have a business already, but you want to focus on biotechnology to scale it to greater heights, you can do that by using a business plan as the roadmap to your success. The plan will clearly articulate the specific amount of resources that you should allocate to the new business as well help you create a winning strategy to help you achieve your short and long-term goals and objectives. Our professional business analysts, researchers, and writers will come together and write a quality business plan that will elevate the business to the next level.

Support Loan Application

Submitting loan application forms to the financial institution or individual lender does not guarantee you financing. You need to show the bank or investor that you have what it takes to ensure that the biotech business takes off successfully and becomes profitable. Ultimately, the bank will need you to service the loan, and the investors will want a return on the investment group with a business plan after a given period.

When you contact us, we will carefully evaluate your business proposal and come up with a plan that you can present to the finances as proof that you are committed and capable of establishing and running the business like a professional in the biotech industry. The business plan for biotech company will cover all the main point and explain why your idea is feasible to the investors.

Chronologic Steps of Creating a New Business

One of the major hurdles that companies are faced with when launching a new business is knowing the specific steps that they should take to avoid pitfalls and regrets along the way. By trusting a legally accredited and reputable business writer with your plan, you will be able to identify the right steps that you should take during the initial stages and even after the business is fully operational. For instance, we will use of expertise, knowledge, and skills to determine the specific resources that you will need at every stage of the business. We will also go an extra mile and explain to you some of the scenarios that you can expect along the way and how you should respond to them.

Guidance When Hiring Professionals

It is not possible to biotech company on your own. You need to have a team of experts to help you make solid decisions that will catapult and point your business in the right direction. For example, you need accountants to help you budget and file tax returns at the end of the financial year correctly. The company will also need a group of legally accredited and reputable attorneys to deal with all legal matters. With a group of committed, highly trained and well-educated business plan biotech writers and consultants on your side, you will be able to know the professionals that you should hire.

The plan will also give you clear guidelines on how to go about the hiring process to get the best candidates from the job market. If you need expert assistance to interview applicants, our experts can come to your rescue and conduct the interviews for you without charging you a fortune.

Bring On Board Business Partners

If you want to scale up the business faster and more conveniently, it is recommended to look for business partners who can work with you to establish and grow the business. The ideal partners should have similar business goals and objectives as you, and committed to ensuring that the business achieves the set goals and objectives. With a biotech startup business plan roadmap, you will be able to discuss all the business strategies with the partners before signing the agreement. To avert any inconveniences along the way, our team can come in and collect all the views and recommendations put across by the partners and use them to come up with a comprehensive and implementable plan for the company.

Cementing New Business Deals and Alliances

Once the business is up and running, many enterprises will present proposals to join you as business partners. It is paramount to make sure that such alliances are made diligently and carefully to ensure that all the decisions agreed upon in the boardroom meets are informed and incapable of spelling doom for your business.

We take pride in the fact that we have a task force of professionals who have the past helped oversee alliance business meetings. Using their vast knowledge and understanding of the process, they will help you make intelligent decisions. We will also give you a detailed plan on how to set targets for the new partnerships as well as recommend the most appropriate channels that you should use to communicate with the alliances to foster good co-existing and a favorable working environment.

Propose Professional Ways of Dealing with Displacement

Displacement is a valuable and an essential business concept that you need to understand and deal with professionally at different stages of the business growth. Our business experts will help you to understand the plausible active and negative impacts that this concept could have on your business. They will also give you a set of clear recommendations to help you deal with displacement like a professional. All this information will be chronologically included in the business plan. For more details about this practical business concept, contact us today. We will also give you a few biotechnology business plan examples to help you understand the concept better and how it can affect your business.

Raising enough capital to meet all the business operating costs is a major problem to most startup in the biotechnology industry. We can assist you to jump this hurdle by not only giving you ideas on where you can get financing. Our financial experts will also help you manage the capital that you get from investors and financial institutions in form of loans well.

Here are tips for raising startup capital for your new biotech startup business. We have tested and used them in the recent past to secure capital for our clients.

Get to Know the Investor Audience

This is one of the most crucial yet a staggering number of people who want to venture into the biotechnology pay little attention to. The two ways of knowing your audience are by evaluating the investor’s firm and the partner which in this case is you. The ideal investment firm should have at least managed to raise a fund over the last four years or so. If not, there is a high probability that they are just out to meet you to stay relevant and credible in the market. Our professionals will give you a list of investment firms that are trusted and reliable. We also help you write a credible business plan to increase your chances of getting funding.

Understand your Strengths and Weakness

Excellent work.

excellent work, competent advice. Alex is very friendly, great communication. 100% I recommend CGS capital. Thank you so much for your hard work!

The most successful companies in the world today are owned and managed by business experts who understand their strengths and weaknesses. You need to have a vivid mental picture and understanding of what you are and what you are not. Trying to do everything in this industry is counterproductive and will most likely result in wastage of resources. Focus on one thing and be true to it. Unlike other business writing firms that shoehorn business plan biotechnology templates to a conventional biotech startup script with the hope that it will appeal the investors is a prescription for failure.

Our expert business plan writers will help you to discover your strengths and weakness. They will work smart and hard to come up with a script that is based on an in-depth understanding of the target audience and your capabilities.

Base your Business Valuation Expectations on the Current Economy

Just a few years ago, the world economy collapsed and depressed virtually all valuations of biotech startups business. Luckily, the current lively IPO market is encouraging investors to channel money to the future biotech businesses across the globe. The current market clearing price is the right valuation for your startup. That said; it is important to note that the current market trends are very volatile. They can change at any time, and so it is imperative to put in place plans for ensuring that your business stands the test of time when the economic tide changes course. We will help you come up with an accurate valuation that will promote sustainability of your business. To do this, our professionals will spend time evaluating the current economy and the various factors that have a direct impact on the success of companies in this niche.

How you introduce the Business to Venture Firms Matters

Gone are the days when cold calling would help a new business to get funding. Another strategy that is no longer relevant is hiring an investment advisory firm to help you raise your first round of financing in a bid to get to the top level venture firms. Use your creativity and zeal to come up with a unique and exciting way of introducing your business idea to the trading partners or investment firms that you want. This being probably your first time to try this new method of presenting your company to venture firms, it is understandable to be confused at first. However, that should not hold you back. We will help place you miles ahead of the competition by giving you tested and proven ways of introducing yourself to venture firms.

Consider the Long Term Capital Needs of your Business and its Liquidity Paths

If you look at the biotech startup business plan example that we sent you, you will clearly see the great lengths that our teams go to create a long-term business plan for our clients. In addition, we make sure that the plan puts into consideration the liquidity paths. One of the strategies that we use to ensure that the plan is as close to reality or the situation on the ground as possible is by coming up with plausible descriptive scenarios of a liquidity event that could rock your business such as an IPO. Our business consultants will carry out liquidity and funding analysis and use the results to come up with a solid plan that you can count on to safeguard the financial stability of your business.

Focus on Science and Research Studies Data

One of the main reasons why most biotech business plans fall short of expectations is because they concentrate on discussing why particular conditions such as heart failure and Alzheimer are “big” diseases that need to be resolved. The venture firms that you want to engage most likely have this information. To avoid your proposal being rejected, you should focus more on the investment decisions. The investor needs to know that the company will have a real positive impact on patients. We will help you do this by professionally framing your business plan. We will also collect, analyze, and layout the data supporting your business idea in a thoughtful and easy to understand way.

Take Legal Advice Seriously

Skimping on legal advice when laying out the foundations for your business will make it difficult to achieve your entrepreneurial skills. Nothing compromises a new biotech business fundraising momentum during the initial stages than weak corporate fundamentals, cap tables, unusual structures, and poorly designed licensed agreements. By hiring us, we will make sure that all legal matters are well-taken care of. Over the years, we have fostered good working relationships with experts in the biotechnology industry whom we reach out to for advice when writing business plans.

Also, our legal team of experts will carefully review the options and the proposed license framework before submitting it to the venture firms to ensure that it meets all the requirements. Doing so will greatly help in ensuring that your business succeeds and eliminate unnecessary hurdles along the way.

Laser Sharp Understanding of Risk Management and Mitigation Mechanisms

Just like any other business venture, you will need to take calculated risks once in a while. Knowing how to mitigate the risks will help your business to stand the test of time. Our risk management experts will help you come up with the plans. We will also create a “de-risking” timeline to encourage investors to come on board and invest in your company before the next risk reduction phase. Concisely, we will craft a business plan that will paint a thoughtful image of your company to the venture firms.

In a nutshell, here is what you can expect from us:

• A team of hired trained business consultants and business plan writers who are committed and determined to ensure that you succeed
• Unbiased, professional, and diligent engagement
• Accurate and implementable recommendations
• Timely completion and submission of the business plan to investors
• In-depth research and market analysis before we make any recommendations or embark on writing the business plan

Indeed, when starting a biotech business, it is paramount to have a team of reliable, experienced, and professional business consultants, OGSCapital, on your side to make the right decisions. We do not outsource projects to third parties as we have the skills and ability to get the job done not only within the agreed timeframe but also correctly. For more details about the company and the services that we offer, do not hesitate to contact our able support team by filling the contact us form. Feel free also to request for a biotechnology business plan example to get a clearer understanding of our capabilities.

Download Biotech Business Plan Sample in PDF

Professional OGS capital writers specialized also in themes such as budget planning, hi-tech technology business plan , business plan technology model , web hosting company business plan , semiconductor business plan , computer store business plan and many others.

OGSCapital’s team has assisted thousands of entrepreneurs with top-rate business plan development, consultancy and analysis. They’ve helped thousands of SME owners secure more than $1.5 billion in funding, and they can do the same for you.

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Sample Biotech Business Plan

Biotech company business plan sample.

Do you want to build a biotech company? I believe you are a scientist who wants to venture into starting his own business. Well, I guess starting a biotech company may just be best for you.

In this article you will learn the various steps you will need to take before starting a biotech company anywhere.

The biotech industry is one that is strictly regulated because of the high risks involved in the business. Basically, the biotech business is concerned with making use of living organisms and systems in developing new products.

The industry is one that is open to all creative scientists who are innovative and want to start their own business.

Starting a biotech company is no daunting task at all. Nevertheless, it will require you to be very creative, together with some dose of experience and training.

Are you ready to start a biotech company? Let us take the steps one at a time.

Carry out a thorough Research on the Industry

Before you can venture into starting a biotech company, you must understand the nature of the biotech business first. You must be able to know the recent developments in the biotech business before you even start your biotech company.

This business entails far more than being a scientist who produces products. This business is very dynamic, and as such, you must make sure you always keep abreast with the latest developments as regards to the development of your products.

When you carry out a diligent research about the biotech business, you stand to benefit a lot, far beyond your expectations. Researching will also help you make good decisions in your business.

Choose a Good Location

After you are fully sure you have enough information about the business, you can go ahead to start the legal processes, but first you must obtain a very good location for your biotech company.

You must be aware that there are various zoning regulations as regards to choosing the location for your biotech company. It is very critical that you contact a real estate agent to help you choose the best location for your biotech business.

Nonetheless, the location you choose has a very critical bearing on the success or failure thereof of your biotech company. The optimum location is one that is close to the source of raw materials, energy, target market, good road network, etc. However, because of zoning ordinances, you may not be afforded an optimum location for your biotech company.

Get the Legal Processes Done

Now is time to get the legal processes done properly. First, you must choose a name for your biotech business.

Choose a name and proceed to getting your biotech business registered with the relevant authorities in your area.

Also, you will have to obtain a business license and the necessary business permits before you can start up a biotech company in your area. It is wise to seek the services of an attorney to help you with this process.

Choose Where to Specialize On

This is where having done a proper and thorough research has a very grand role to play. If you have done your research well about the biotech business, you will realize that there are a number of niches you could specialize on.

Amongst the many niches are: medical industry / pharmacy (i.e. drugs production); agricultural industry; food industry; etc.

Having carried out a very thorough research on the biotech business, you will have come to a conclusion as to which biotech business niche you would love to focus on. Go ahead and make your decision, as long as you are sure it will guarantee you an advantage, and also make it easy for you to achieve your business goals.

Determine the Target Market

Having carried out a proper and thorough research, you should be able to determine who your prospective customers will be. Your good ideas are not enough, no matter how good they may be. You will need a market that will be in need of the products you are developing.

I know you must have realized that there are very good and exciting technologies that have no market demand; you must not let this happen in your biotech business.

Be very certain that there is a ready market demand for the products you are producing. Depending on the biotech niche you decide to choose, the following fields are some of the target markets of the biotech business: medicine and pharmacy; hybrid animal production; hybrid bird production, etc.

Also, you must make sure that your technologies must be protected by Intellectual Property (IP).

Organize a Strong Team

The strength of the team you build is very crucial to the success of your biotech company. You must make sure you organize a team where the individuals that make up the team possess complementary set of skills. Without a good and strong team, you may likely not be able to achieve your business goals.

Write a Business Plan

Go ahead and draft a business plan once you are done with the legal processes of your biotech company. In the course of writing a business plan for your biotech company, you will have to do an in-depth research on the industry.

You must truly know who your competitors in your chosen location are; you must also establish your business goal and set out business objectives to achieve your business goal. Also, you must write out the sales and marketing strategies you intend to utilize in promoting your biotech company.

Your biotech business plan must be made concise as much as possible, carrying the relevant information about your biotech company.

BIOTECH COMPANY BUSINESS PLAN EXAMPLE

Here is a sample business plan for starting a biotechnology company.

If you are certain that you want to start a biotech company, then you will need a business plan. You do not have to go far to get a business plan because that can be gotten on this page. Below is a biotech company business plan sample.

Read on and get the needed tips on how to write a business plan for a biotech company.

BUSINESS NAME: TT & P Biotech Company

Executive Summary

Our Products and Services

Vision Statement

Mission Statement

Business Structure

• Market Analysis

Sales and Marketing Strategy

• Financial Plan

Competitive Advantage

TT & P Biotechnology is a biotechnology company with its main facility located in Chicago. The facility we intend to make use of has been approved by the government. As a result of this, we are ready to run all types of productions that are associated with biotechnology companies. We at TT&P have come into the biotechnology business to make available the needed chemicals and services by humans through the use of cellular techniques and living organisms.

We are not just interested in profit making. We are also looking to ensure that our many esteemed customers get value for whatever money they spend.

TT & P Biotechnology Company is into the biotechnology business not just to make profits but to satisfy our customers. This, we will achieve by making use of standard facilities that have the approval of the government.

Some of the products that will be coming from our firm include

• Antibiotics
• Nutritional supplements
• Pesticide Resistant crops
• Pest resistant crops

Our vision is to set up a biotechnology firm that will produce products that will be used in and other parts of the United States.

At TT &P, our mission is to startup a top notch biotechnology firm that is capable of standing the test of time as well as competing with more established biotechnology firms.

We at TT& P are not content with just running a biotechnology firm. We want much more than that. We want to comfortably make it to the list of the top 50 biotechnological companies in the United States. Although all this might seem quite a task, we have plans in place to achieve this.

Some of these plans include hiring only individuals that are qualified to work at the highest level.

As far as hiring people is concerned, we are not just interested in hiring very skilled individuals. We are also on the lookout for other factors such as honesty, communication skills, the readiness to work , and the ability to meet very tight deadline.

Market Analysis Market Trends

In the last five years, there has been a rapid growth in the biotechnology industry. This has been powered by the demand for an improvement in agricultural and medical science. Although in the biotechnological field, lots of more established companies have made it a habit to swallow up smaller companies, their still abounds enough space for all to co-exist.

This is possible because of the need for biotechnological inputs by various fields. Examples of some of the fields that require biotechnological input are pharmacy, agriculture, medicines and food industries.

Target Market

We are not denying the fact that there is a high level of competition in the biotechnological business. However, what matters is the availability of ample customers. As a result of this, we are not targeting just a single industry.

Some of our target industries include:

• Medicine manufacturing firms
• Food production and processing firms
• Non-food processing industries

In order to make great sales in this business, we have decided o carry out the following

• Give discounts to our first set of clients
• Advertise our products frequently
• Take full advantage of networking

Financial Plan Source of Startup Capital

Biotech companies are very capital intensive. As a result of this, the bulk of the amount that will be needed to start this company will be sourced from the bank. We and all our partners have been able to come up with 20% of the amount for this business which amounts to $100,000. The remaining 80% which is about will be gotten from the bank.

The high level of competition in the biotechnology industry is quite obvious. At TT&P, we are prepared to survive in this very competitive environment.

This is a biotechnology business plan for TT&P Biotechnology Company. It is a firm owned by James Blacky and is based in Chicago.

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Biotech Startups Strategic Plan Template

• Great for beginners
• Ready-to-use, fully customizable Subcategory
• Get started in seconds

When it comes to biotech startups, having a solid strategic plan is the key to success in the fast-paced and ever-evolving industry. ClickUp's Biotech Startups Strategic Plan Template is the ultimate tool for founders and executives to map out their journey to commercial success.

With this template, you can:

• Define your vision, goals, and action steps for launching and scaling your biotech startup
• Strategize your approach to securing funding and attracting top talent
• Streamline your research and development processes to drive innovation
• Navigate the complex landscape of regulatory processes with ease

Whether you're just starting out or looking to take your biotech startup to the next level, ClickUp's Biotech Startups Strategic Plan Template has got you covered. Start planning your path to success today!

Benefits of Biotech Startups Strategic Plan Template

Launching and scaling a biotech startup requires careful planning and execution. With the Biotech Startups Strategic Plan Template, you can:

• Define your vision, mission, and core values to guide your company's growth
• Set clear, measurable goals and outline the steps to achieve them
• Identify and analyze your target market, competition, and potential risks
• Plan your research and development efforts, ensuring efficient use of resources
• Strategize your fundraising efforts, attracting investors and securing funding
• Develop a roadmap for navigating regulatory processes and obtaining necessary approvals
• Attract and retain top talent by outlining your hiring and talent development strategies
• Monitor and evaluate your progress, making adjustments as needed for optimal success in the biotechnology industry.

Main Elements of Biotech Startups Strategic Plan Template

When it comes to strategic planning for your biotech startup, ClickUp’s Biotech Startups Strategic Plan template has you covered with a comprehensive set of features:

• Custom Statuses: Keep track of the progress of your strategic plan with 5 different statuses, including Cancelled, Complete, In Progress, On Hold, and To Do.
• Custom Fields: Use 8 custom fields, such as Duration Days, Impact, Progress, and Team Members, to capture important information about each strategic initiative and easily analyze your data.
• Custom Views: Access 6 different views, including Progress, Gantt, Workload, Timeline, Initiatives, and Getting Started Guide, to gain different perspectives and effectively manage your strategic planning process.
• Collaboration Tools: Collaborate with your team by assigning tasks, setting due dates, and monitoring progress using features like task dependencies, task comments, and file attachments.
• Automation: Automate repetitive tasks and workflows with ClickUp's powerful Automations feature to save time and increase efficiency in your strategic planning process.

How to Use Strategic Plan for Biotech Startups

If you're a biotech startup looking to create a strategic plan, follow these steps to effectively use the Biotech Startups Strategic Plan Template in ClickUp:

1. Define your mission and vision

Start by clearly defining your company's mission and vision. What problem are you solving in the biotech industry, and what are your long-term goals? This step will lay the foundation for your strategic plan and help guide all future decision-making.

Use a doc in ClickUp to document your mission and vision statements.

2. Assess the industry landscape

Conduct a thorough analysis of the biotech industry. Identify market trends, potential competitors, and key opportunities for growth. Understanding the external factors that can impact your business will allow you to make informed strategic decisions.

Create tasks in ClickUp to research and analyze the biotech industry landscape.

3. Set specific goals and objectives

Based on your mission, vision, and industry analysis, set specific goals and objectives for your biotech startup. These goals should be measurable, achievable, and aligned with your long-term vision. Whether it's achieving a certain market share or developing a groundbreaking product, be clear about what you want to accomplish.

Use Goals in ClickUp to set and track your strategic goals and objectives.

4. Develop strategic initiatives

Once you have your goals in place, develop strategic initiatives to achieve them. These initiatives are actionable steps that will move your company closer to its goals. Whether it's expanding your research and development team or forging strategic partnerships, each initiative should have a clear purpose and timeline.

Create tasks in ClickUp to outline and assign responsibilities for each strategic initiative.

5. Allocate resources and create a timeline

Determine the resources needed to execute your strategic initiatives and allocate them accordingly. This includes financial resources, human capital, and technology. Additionally, create a timeline that outlines when each initiative will be implemented and completed. This will help keep your team accountable and ensure progress is being made.

Use the Gantt chart in ClickUp to visualize your timeline and allocate resources.

6. Monitor progress and make adjustments

Monitor the progress of your strategic plan regularly and make adjustments as needed. Track key metrics, review milestones, and assess whether your initiatives are driving you closer to your goals. If necessary, make changes to your plan to adapt to evolving market conditions or internal factors.

Use Dashboards in ClickUp to track and monitor the progress of your strategic plan.

By following these steps and utilizing the Biotech Startups Strategic Plan Template in ClickUp, you'll be able to create a comprehensive and effective strategic plan for your biotech startup.

Get Started with ClickUp’s Biotech Startups Strategic Plan Template

Biotech startup founders and executives can use the Biotech Startups Strategic Plan Template to streamline their planning and execution processes, ensuring a clear roadmap to success.

First, hit "Add Template" to sign up for ClickUp and add the template to your Workspace. Make sure you designate which Space or location in your Workspace you'd like this template applied.

Next, invite relevant members or guests to your Workspace to start collaborating.

Now you can take advantage of the full potential of this template to develop and execute your strategic plan:

• Use the Progress View to track the overall progress of your strategic plan and ensure alignment with your goals
• The Gantt View will allow you to visualize and manage the timeline and dependencies of your strategic initiatives
• Utilize the Workload View to balance and allocate resources efficiently across different projects and tasks
• The Timeline View gives you a high-level overview of key milestones and deadlines to keep everyone on track
• Use the Initiatives View to break down your strategic plan into actionable initiatives and assign responsible team members
• The Getting Started Guide View provides a comprehensive overview of how to effectively use this template and get started on your strategic planning journey
• Organize tasks into five different statuses: Cancelled, Complete, In Progress, On Hold, To Do, to keep track of progress
• Update statuses as you progress through tasks to keep stakeholders informed of progress
• Monitor and analyze tasks to ensure maximum productivity and successful execution of your strategic plan

Related Templates

• Business Consultants Strategic Plan Template
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Biotechnology Business Plan

Prospectus.com team has written, edited or assisted with investment introductions for scores of Biotechnology Business Plan proposals.  If your company is considering conducting a private offering or a public offering or listing with a stock exchange for a biotechnology project Business Plan has the team, knowledge and experience to assist you with your document needs and custom structure your business plan offering documents to ensure regulatory protections and attractiveness to investors. Our firm offers the following collaboration and custom writing business plan services and can assist in the writing of your biotechnology Business Plan:

• Bio Technology Custom Tailored Written Business Plan
• Biotech Custom Tailored Written Business Plan
• Bioengineering Custom Tailored Written Business Plan
• Genetic Engineering Custom Tailored Written Business Plan
• Nanotechnology Custom Tailored Written Business Plan
• Nanotech Custom Tailored Written Business Plan
• Genetic Technology Custom Tailored Written Business Plan
• Biodegradation Custom Tailored Written Business Plan
• Biotransformation Custom Tailored Written Business Plan
• Bioremediation Custom Tailored Written Business Plan, and more

For issuers considering selling stock in the company or selling debt securities to investors a well-tailored and written business plan is mandatory, particularly in light of the current economic conditions. A business plan offering document can bring added protection to your business and is often required to raise either debt or equity capital in the public and private markets. A well written business plan will tell the story of the company, from the minute details of the types of securities being offered, e.g. stock versus bonds, to the management team, the market, the risk factors and the overall business plan model of the company, among many other features. The final part of the business plan is reserved for the subscription agreement, which is an essential component of any business plan as the subscription agreement is the contract between the issuer and the person buying the debt or equity securities.

Although the business plan is first and foremost a document used to raise capital, the structure and presentation of the business plan can add value to a company’s products and services and team by portraying them in a well-polished format. A business plan shows an investor that one is serious and has gone the extra length to ensure regulatory compliance and good business practices. Without a formal document that outlines the company’s business plan and securities structure it is often difficult to raise capital from any serious investor.

Our team at prospectus.com has years of experience writing business planes for hundreds of varying industries and businesses. We work one on one with our clients during the business plan drafting process and take it upon ourselves – in almost obligatory fashion –  to assist our clients with their quest for growth once our services our complete.

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17 Slides You Need in a Biotech Investor Pitch Deck

Take your pitch to the next level

Your big moment has arrived – you find yourself pitching your idea to the Mark Cubans, Barbara Corcorans, and Robert Herjavecs of your industry’s Shark Tank. While presenting your idea with enthusiasm, clarity, analytic approach and professionalism might attract general investments, appealing to life science entrepreneurs takes something special. It requires an investor slide deck, also known as a pitch deck.

A slide deck is aptly named because it typically features a collection of PowerPoint slides that communicate your ideas to investors. Capital is the lifeblood of all ventures, including your company. Your investor pitch presentation is the one of the best ways to secure the capital you need to get your product out of the laboratory and onto the shelf.

An investor pitch deck for life science entrepreneurs is different from pitch decks for projects in other industries because biotechnology products typically have lengthier development timelines, higher development costs, stringent regulatory requirements, and the need for highly skilled workers.

Keep your pitch deck clear, concise and compelling. Adapt your investor slide deck design to the audience and the venue. Craig Shimasaki, President & CEO of Moleculera Labs, says “you should always tailor your slide deck to the particular audience and their interests; whereas the number of slides and the depth of information surrounding any particular topic are dictated by the time allocated for that meeting.”

Create a compelling pharma website design before developing a presentation. Integrate many of the key points presented on your website into your presentation, especially any novel pharmaceutical marketing communications strategies used there. During your pitch deck, though, give your investors information about your product or service that they cannot get from your website.

Good advice never gets old, and that is especially true when you apply the phrase, “You never get a second chance to make a first impression” when capturing the attention of biotech entrepreneurs. A pitch deck helps you make a great first impression and get the investor excited about your business. For best results, hire an ad agency or design professional with experience in creating investor pitch decks.

Include These 17 Slides for a Winning Biotech Investor Pitch Deck

1. pain point slide.

2. Bio Slide

3. Team Slide

4. Validation Slide

5. Elevator Pitch Slide

Best-selling author Seth Godin Seth once said, “The purpose of an elevator pitch isn’t to close the sale. The goal isn’t even to give a short, accurate, Wikipedia-standard description of you or your project. And the idea of using vacuous, vague words to craft a bland mission statement is dumb. “No, the purpose of an elevator pitch is to describe a situation or solution so compelling that the person you’re with wants to hear more even after the elevator ride is over.”

6. Market Size Slide

7. Competition Slide

8. Selling Point Slide

9. Intellectual Property Slide

10. FDA Slide

11. Revenue Model Slide

12. Investment Spending Slide

13. Financial Slide

14. Reimbursement Slide

15. IPO / Acquisition Slide

16. Risk Scenarios Slide

17. Timeline Slide

Sources: https://www.linkedin.com/pulse/what-put-biotech-investor-pitch-deck-craig-shimasaki https://mannerofspeaking.org/2012/03/12/quotes-for-public-speakers-no-121/ https://www.accessdata.fda.gov/scripts/cdrh/cfdocs/cfcfr/cfrsearch.cfm?fr=880.6230 http://www.nature.com/bioent/2003/030101/full/nbt0901-813.html

50 Best Biotech Business ideas You Can Start Today

By: Author Tony Martins Ajaero

Home » Business ideas » Technology Industry » Biotech Business

Do you want to start a biotech related business but lack ideas? If YES, here are 50 best profitable biotechnology small business ideas & opportunities.

Biotechnology businesses are businesses that harness biological processes to come up with new products and equipment in areas like medicine, agriculture, food production and environmental protection.

These businesses are getting all the attention and a lot of funding from angel investors and grants from the government right now because they are considered essential for improving the quality and continuous existence of human life.

However, to be able to harness these funds or profit from this industry, you need innovative business ideas . Here is a long list of lucrative business ideas in the biotechnology industry that you can choose from:

Best Biotech Business ideas

1. bio-fertilizer production.

Bio-fertilizers are favored among organic farmers because unlike other fertilizers that contain chemicals which may be harmful to health, bio-fertilizers contain living organisms which can help plants to grow and thrive without negatively impacting the health of consumers.

2. Bee Apiary

You can start a business that involves helping farmers with pollination through your apiaries. You can also harvest and sell honey from your bees.

Apart from harvesting and selling honey from bees, bee keepers also make money from other by-products from bees such as beeswax, bee pollen, bee venom, and royal jelly which are all used in diverse capacities to better human health.

3. Animal Feed Manufacturing

Humans keep a lot of pets and animals for commercial purposes. These animals need to consume balanced diets in order to grow and thrive properly. You can set up an animal feed manufacturing business where you can produce healthy animal feeds for fish, chicken, cattle, dogs, and birds amongst others.

4. Bird Hatchery

Commercial bird farmers cannot afford to wait for birds to hatch naturally so they rely on specially designed machinery created by biotechnologists to help hatch the eggs laid by their birds in a speedy and profitable manner.

If you live in an area where there are a lot of bird farmers, you can make a lot of money from setting up an industrial hatchery as not many of these farmers are able to afford their own hatching equipment.

5. Fish Hatchery

Fish hatchery is also very profitable. There is a high demand for fish in the market and there is only so much the ocean can supply so most fish marketing companies rely on bio-technologically engineered fish hatcheries to supply fingerlings in large quantities that they can now breed and sell.

6. Plant Protection Services

You can also start a pest surveillance, control and diagnostic service to help farmers monitor their plants and protect them from pesticides, fungicides and insects using advanced tools, and chemicals.

7. Plant Tissue Culture Laboratory

Another lucrative business idea to consider is cultivating plant tissues in laboratories. You would use your professional skills and knowledge to collect cells and tissues of plants and use it to produce cloned versions of plants through a method known as micropropagation.

These are some of the techniques that bio-technologists are using to prevent world hunger by ensuring that there’s always food crop for people to consume.

8. BioGas Production

We all know that traditional gas is expensive and created from materials that are at risk of depletion. Bio-gas on the other hand is made from fermenting organic waste which is less likely to go into extinction as long as humans and animals continue to exist.

Bio-gas is the future as predicted by a lot of industry experts so you might want to jump on the trend now that it is still fresh so that you can make a lot of money before the industry becomes over-saturated.

9. Bio-gas Equipment Manufacturing and Selling

If you don’t want to produce bio-gas, you can opt for selling bio-gas equipment such as biogas plant equipment, bio-gas stove, and other household or industrial equipment powered by biogas. You’ll make a lot of money especially from people looking to reduce the amounts they spend on gas every month.

10. Seed Processing Services

You can start manufacturing and selling bio-technologically engineered seeds to help farmers earn more profits from their business.

11. Soil Water Quality and Input Testing Laboratory

Soil and water play very important roles in determining the growth of crops so farmers always need the help of soil water quality and input testing professionals to help them decide on the best spots to plant their crops.

12. Bio-pesticide Manufacturing

You can start your own brand of plant protection products that contain biological control agents (BCAP) such as plant extracts, microbial extracts or pheromones. BCAP pesticides can help to enhance plant growth, and reduce resistance to pesticides in plants.

13. Compost Fertilizer Production

You can also consider starting a compost fertilizer production business which involves using human wastes to produce fertilizer.

14. Vaccine Manufacturing

Vaccines are very important for human survival as they help to prevent the spread of deadly diseases. There are hundreds of vaccines that you can start producing and you’ll earn a lot of money from supplying your products to the government who often buy these vaccines and give them to citizens for free.

15. Artificial Human Parts Production

You can start a business of manufacturing prosthetic hands, limbs and other human parts that can be biotechnologically engineered. You’ll be able to put a smile on the faces of people suffering from physical challenges, and also make money in the process.

16. 4D Ultrasound Laboratory

The latest technology in ultrasound for pregnant women is a 4D scan that can help expectant mothers see their developing babies in colors. 4D scans can help expectant parents prevent birth defects in their kids.

17. Cryobank

These days, assisted reproduction have become very popular especially amongst people with fertility problems, gay couples who cannot birth children naturally, or people who want children marital commitments. You can make a lot of money from starting a cryobank where sperm donors and egg donors can safeguard their eggs and sperm for future harvest.

18. Vegetable Processing Plant

A lot of people around the world consume vegetables on a daily basis because they are healthy and nutritious. However, farmers alone cannot handle the huge demand for these vegetable which is why there are a lot of vegetable and tomato processing plants to artificially cultivate these products for sale and supply to the market.

19. Blood Bank

A lot of people donate blood regularly which has to be kept in blood banks until it is needed by a patient. This type of business requires a huge capital outlay but you’ll earn a lot of profits from it.

20. Medical Transportation Services

Medical transportation services is usually done by biotechnologists because transporting human parts needed for transplants require professional skills and experience and a lot of equipment.

21. Equipment for the Visually Impaired

Another lucrative business idea is manufacturing and selling products for the visually impaired such as mounted magnifiers, braille creation machines, writing equipment, telephones and personal care equipment to make life easier for the visually impaired.

22. Handicapped Car Manufacturers

You can also consider a business of producing modified cars for the physically challenged or the visually impaired so that they can also have a chance to drive themselves.

23. Smart Wheelchairs

Gone are the days when wheelchairs were boring and required some measure of human assistance. These days, wheelchairs are created to be smart so that the physically challenged can take care of themselves without relying excessively on caregivers.

Smart wheelchairs come with buttons that allow the user control anything from light switches to cable televisions. You can start manufacturing or selling one of those.

24. Non-Invasive Diagnostic Tools

You can start manufacturing and selling tools that allow for non-invasive diagnosis such as Electrocardiograms (ECG), Computerized Axial Tomography (CAT) and MRI (Magnetic Resonance Imaging) scanning tools.

25. Food Supplements

Food supplements are very popular now because a lot of people now understand the importance of getting all the essential nutrients that the body requires, which they may not be getting enough from foods that they consume. The food supplement industry is worth $278 Billion and it still has a lot of room for new entrants.

26. Breast Implant Manufacturing

Breast silicone are selling fast now due to the increase in the number of people getting breast augmentation procedures. You’ll make a lot of money from selling or manufacturing and supplying breast implants.

27. Laser Hair Removal

Not very many people can stand painful hair waxing procedures. Laser hair removal is a less painful and more effective procedure that many people are opting for these days. You can set up your own laser hair removal clinic or start selling portable laser hair removal tools that people can use at home.

28. Platelet Rich Plasma Injections (PRP)

Speaking of hair, there is a group of people who need to grow their hair especially people suffering from alopecia. Scientists have discovered that Platelet rich injections can help to stimulate hair regrowth.

You can consider setting up a business that involves manufacturing or selling these injections. There are also a number of other hair regrowth technologies that you can make money from.

29. Stem Cell Processing Laboratory

Stem cells are used to treat a number of blood and bone marrow diseases. Recently, they have been used to carry out beauty procedures. You can start a stem cell laboratory to service this growing medical industry.

30. Minimally Invasive (Endoscopic) Surgical Equipment

Another way that biotechnologists have helped to advance the medical field is by inventing tools and equipment that make it possible for surgeons to perform surgical procedures without opening up a patient. You can starts manufacturing or selling such equipment.

31. Electrical Bone Simulation Devices

You can also consider a business of making or selling electrical bone stimulation devices that help to promote healing of bone fractures and spinal injuries.

32. Artificial Food Sweeteners

A lot of people are avoiding sugar and aspartame for sweetening their foods because they are considered unhealthy. You can consider setting up a business that involves manufacturing of genetically modified food sweeteners or healthy food sweeteners like Xylitol, Stevia, Erythritol, and Yacon Syrup. This is a very huge industry right now with a lot of profit potentials.

33. Genetically Modified (GMO) Food Processing

Another lucrative business idea is to start manufacturing and selling genetically modified foods like Sugar Beets, Soy, Milk, Corn, and Canola.

34. Consultancy Services

You can also consult for people who wish to invest in the biotechnological industry. You can make money off showing them lucrative ideas to invest in, help them write grant proposals or business plans to raise money from the government or other investors.

35. Bio-Feedback Therapy Services or Equipment Supply

Biofeedback therapy is used to help people regain control over normal involuntary functions by attaching electrodes or sensors to send signals to targeted organs in the body, in order to treat or prevent a number of health conditions including high blood pressure, incontinence, headaches, and other diseases.

Bio-feedback is a growing field in the biotechnological industry and you can make a lot of money from selling equipment or starting your own laboratory to offer therapy services to interested patients.

36. Water Extractors

There is an undeniable water crisis in the world with an estimated 1.2 billion people in the world living in areas prone to water scarcity. Devices like the water extractor are some of the innovations that bio-technologists have come up with to solve water scarcity problems.

Water extractors can help to extract water from the atmosphere so that people no longer have to rely on groundwater for survival. This is an emerging technology that you can invest in, and make money from.

37. Wastewater Treatment Plants

You can start your own wastewater treatment plant to remove solid and chemical wastes from water so that they can be recycled for reuse. This is another solution for world water scarcity.

38. Training School

You can consider the idea of setting up a training school to train students on how to research, develop tools and products in the emerging biotechnological industry.

39. Biodegradable Plastic Production

Biodegradable plastics are made from organic matter like non-castor plants and corns. Biodegradable plants are essential for solving world pollution problems because they can decompose faster, and be absorbed by the environment without causing harm.

40. Personal Testing Kits and devices

Self-testing kits are also a growing trend. People are able to use these kits and devices to monitor their health and perform emergency diagnostics. You can earn good income from manufacturing or selling test kits such as high blood pressure monitors, ovulation detector kits, HIV and STD test kits, pregnancy test strips, and alkaline test strips to mention few.

41. Biometric Capturing Centers

Biometric capturing is used across different business industries. You can make money from setting up your own biometric capturing center to capture and process biometric data on behalf of private clients or the government.

42. Lie Detecting Equipment

Biotechnology has also helped to improve crime fighting in the world especially through the creation of lie detectors that can help to determine when suspects are telling lies or saying the truth. You can start manufacturing, or selling these tools, or providing consultancy services to security agencies.

43. Forensic DNA Analysis Tools

You can also start a forensic analysis lab or start selling equipment to security agencies, and forensic analysis service providers.

44. Biotechnology Business Incubator

Yet another way to profit off the emerging biotechnology industry is to set up a business incubator to help people with brilliant biotech business ideas to find funding for brilliant business ideas and innovations.

45. Security Devices

You can start making and selling biotechnology devices that promote security such as fingerprint locks, eyelid scanners, and several others.

Related Posts:

• Biotech Company Business Plan [Sample Template]
• How to Start a Biotech Business

Black and Pink Biotech Business Plan

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• Size Letter (8.5 x 11 in)
• File type PNG, PDF, PowerPoint

The Black and Pink Biotech Business Plan Template is perfect for promoting your business idea in the biotech industry. Customize this sleek design to suit your needs - add vibrant colors, adjust sizes and select the best photos or icons from our free stock libraries. With Venngage, create your ideal design to make a great impression and get the word out about your plan!

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Biotech Business Plan Template

Download this Biotech Business Plan Template Design in Word, Google Docs, Apple Pages Format. Easily Editable, Printable, Downloadable.

One of the distinctive factors you need to consider when putting up a biotechnology business is the significant amount of money it can consume. Create a professional business plan with our Biotech Business Plan Template. It has well-written suggestive content that’s easy to edit using different editing programs. You need not worry if you can’t have access to a desktop computer because you can download this template on other devices as well. Why download it you ask? It’s convenience, versatility, and user friendliness all rolled into one template. So, what else are you waiting for? Get this Biotech Business Plan Template now while it’s still available for download!

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