Current in Entrepreneurship Blog

Have you ever dreamt of turning your research into something tangible that directly helps patients? Many researchers grapple with the exciting, yet daunting, prospect of becoming an entrepreneur. But you don't have to go it alone! This article explores the path to becoming a successful innovator-entrepreneur, with valuable insights from the University of Colorado Anschutz Medical Campus (CU Anschutz).

Deep Expertise is Your Launching Pad

Dr. V. Michael Holers, a professor with experience co-founding multiple healthcare companies, emphasizes the importance of a strong academic foundation. "You need to be a passionate expert," he says. Understanding your field inside-out allows you to navigate challenges and convince investors of your idea's value.

Building on a Strong Foundation: Resources at CU Anschutz

The CU Anschutz Department of Medicine recognizes the need to support researchers in their entrepreneurial endeavors. Their Research Achievement Highlights (REACH) forum provides a platform for experts like Dr. Gali Baler, from CU Innovations, to share valuable guidance. CU Innovations plays a crucial role in this journey. They assist researchers in various ways, from protecting intellectual property to securing funding through programs like SPARK|REACH. This program offers grants to help researchers move their projects forward.

Beyond Company Creation: Different Paths to Impact

The good news is that becoming an entrepreneur isn't the only option. Dr. Baler highlights the flexibility researchers have. You could license your technology to established companies or even act as a consultant. The key is to choose the path that aligns with your risk tolerance and desired level of involvement.

Embrace the Journey: Resilience is Key

Dr. Holers' story exemplifies the importance of perseverance. His company, Taligen Therapeutics, faced initial setbacks but ultimately achieved success through adaptation and a shift in focus. Remember, the road to bringing your innovation to life might have bumps, but with determination and the support of resources like CU Innovations, you can make a real difference.

Ready to take the first step? Explore the resources offered by CU Innovations or your university's technology transfer office. Remember, with the right guidance and a spirit of innovation, you can turn your research into something truly impactful.