Ep. 3 #Bioimpact Silicon Valley: Applying Science to Business & the Venture World w/ Richard Murphey
In March 2020, covid started to spread all around the world. Despite the immense damage, it brought to our society, it also positively raised the awareness of science and technology. I personally studied chemistry for 6,5 years across four different countries, and I will never regret this because our entire life is surrounded by chemical products such as shampoo, water treatment processes up to nanomaterials that keep our walls white all year long.
One of the biggest misconceptions about scientists is that we think about someone in the lab – like he/she is in a prison. However, in some cases, science can lead to freedom. Studying one topic can lead to many industries. For instance, artificial muscle (a polymer made of silicon), can lead to tons of applications; from medicine with heart valves to entertainment with gloves, we use for VR games. Therefore, you are never stuck in one particular industry. You could potentially change your field every 5 years and focus on different topics. Plus; with a scientific background, you can do any other job in society such as being president (Angela Merkel) or a businessman; investor, communicator. But we all know it, society doesn’t have enough scientists to solve and understand the world’s biggest problems. This is why I decided myself — along with scientific communicators all around the world — to also go on a journey and share the beauty of science. How? By interviewing experts in the field. I started with a Silicon Valley serie about #biompact. Understand the big WHY of biotechnology and why we need them to change the world.
I had the pleasure to interview Richard Murphey; founder of https://www.baybridgebio.com/. 5 questions to understand the big WHY of biotechnology!
Interview conducted in mid-2020 – In San Francisco. JUMP TO THE SECTION OF YOUR INTEREST
Introduction why this interview/speakers.
Question 1: what motivated you to pursue science and / or biotechnology?
Question 2 What is the problem you are trying to solve with the innovation hub? I have heard you are working on clean meat, can you tell us a bit more about this?
Question n*3: What is a big problem in society today that biotechnology can solve?
Question n*4 How do you see scientific communication before and after this pandemic? How can we improve it moving forward?
Question n*5: What is your advice to young people, where to start to solve a big problem? What is your advice to start small?
Richard Murphey has a financial background but was surrounded by healthcare enthusiasts at the early stage of his career. The impact science can have on humans and the passionate individuals he met; working in the field made him want to know more and be involved! He cited during the interview a few examples that biotechnology can solve: rare diseases, cancer research, producing palm oil without destroying a forest, and even producing collagen from the lab without the use of animals. However, he highlighted the fact that to solve more of these problems, we need to train scientists to know the path to business. There is a huge untapped pool of talented entrepreneurs.
” Now is by far the best time ever to found a biotech company no matter who you are ” – Richard Murphey
More money has been invested in biotech. Investors that previously invested in software technologies are now investing in biotech.
List of instituions providing biotech funding:
- Y Combinator
- https://www.dcvc.com/ . BIo section
- (IUVC – to be verified)
- https://www.forbes.com/sites/alexkonrad/2020/06/17/altman-brothers-launch-apollo-fund-to-back-startup-moonshots/ / https://apolloprojects.com/
- Other accelerators; incubators or CVCs
- Dozen of seed funds
” Capitals are there but this doesn’t change the fact that people don’t have the sort of education and expertise they need to feel confident starting a company ” – Richard Murphey
More is coming; Episode 4 for next week. Stay tuned!
Send me a message to firstname.lastname@example.org if you want to get in touch!