Hardware Podcasts

#005 - The tough journey of building a biotech company, with Federico Bürsgens of GNA-Biosolutions, Germany

The Hardware Entrepreneur · 21 Dec 2016 · 35m

What this episode covers

Federico Bürsgens, Managing Director of Finances, Hardware & Software at GNA-Biosolutions, explains the journey of spinning out a biotech company from the University of Munich to develop ultrafast DNA analysis technology. He details the progression from federal grants and seed funding to a €6 million Series B led by Robert Bosch Venture Capital, highlighting the challenges of validating immature technology for the heavily regulated biomedical market. Bürsgens discusses the strategic decision to hire an external CEO for industry expertise and the choice to outsource manufacturing to manage regulatory burdens while focusing on core R&D.

Most relevant to

companies scaling up

Topics

Mentioned

Companies
GNA-Biosolutions, University of Munich, Robert Bosch Venture Capital, Kayogene
Also
Thinking Fast and Slow

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