What is Bio Strategy?

TL;DR. Bio strategy is a framework to incorporate biology, biotechnology into your business. “At the dawn of the 21st Century, strategy seems to have gone out of fashion.” – Chet Holmes, Certain to Win The word “strategy” has become so overused that most people have forgotten what strategy really means. We were inspired to write What’s Your Bio Strategy? because it was clear that few businesses understood the impact that biology was having – even among those who could benefit from the technologies. The phrase “knowledge is power,” is commonly attributed to Francis Bacon, the father of the scientific method and visionary for the first scientific institution, the Royal Society of London for Improving Natural Knowledge. Understanding how biotechnology will change your business is knowledge managers need. So before we define bio strategy, let’s review the definitions of strategy. Strategy defines your destination, not the road to get there. Strategy is a guiding framework. Strategy, according to Kenichi Ohmrae of McKinsey’s Toyko office, “isn’t about beating the competition. It’s serving customers’ real needs.” Harvard Business School professor Gary Pisano says, “Strategy is nothing more than a commitment to a set of coherent, mutually reinforcing policies aimed at achieving a specific competitive goal. Good strategies promote alignment among diverse groups in an organization, clarify objectives and priorities, and help focus efforts around them.” Martin Reeves, the managing director of Boston Consulting Group’s New York...

Read More

Life Science Leader Reviews What’s Your Bio Strategy

Over at Life Science Leader, editor Rob Wright posted a positive review of What’s Your Bio Strategy? Says Rob: Today we stand on the precipice overlooking a new frontier — the century of biology, and businesses of all kinds need to be prepared to not only embrace what is coming, but have a strategy for how to leverage biology for the betterment of their businesses and the good of the planet. He continues: When I finally had the opportunity to sit down and read it, my … mind … was … blown. Because though the authors interview 25 innovators about how biology is presently impacting a variety of industries, as well as what they think could happen in the very near future, it is even more telling to ponder what they haven’t thought of as being possible, which I found myself doing while reading. As I came across company names (pay attention to highlights) I pondered which might soon rival one of the three “As” of internet commerce (i.e., Alibaba, Alphabet [formerly Google], and Amazon) which have a combined value of about $1.6 trillion. The book discusses concepts such as using DNA for data storage or how the future of fashion may reside in garments being grown in vats (i.e., biofabrication) not woven on looms. To read the full review, click here. The book goes on sale November 3. In...

Read More

Eleonore Pauwels on the Intersection of Genomics, Synthetic Biology, Artificial Intelligence, and Security

As part of our new book “What’s Your Bio Strategy?” we’ve interviewed dozens of entrepreneurs, business leaders and academics working on synthetic biology. The following is an excerpt from one of those interviews. To find out when the book goes on sale subscribe to our newsletter here. Eleonore Pauwels is the director of Science Innovation with the Science and Technology Innovation Program at the Wilson Center in Washington, D.C. She studies the intersection of genomics, synthetic biology, artificial intelligence, and intellectual property. As biological technologies become digitized, they will face the same security issues as information technologies. KARL SCHMIEDER:...

Read More

Andras Forgacs: Design And Biofabrication Is Revolutionizing Materials

As part of our new book “What’s Your Bio Strategy?” we’ve interviewed dozens of entrepreneurs, business leaders and academics working on synthetic biology. The following is an excerpt from one of those interviews. To find out when the book goes on sale subscribe to our newsletter here.   When you look at the synthetic biology community, there are companies manufacturing genes, developing computational tools, and creating cloud labs and automation tools. Others are engineering organisms and developing applications using living materials. The definition includes companies that use biology to fabricate things – biofabrication companies. Brooklyn-based Modern Meadow grew out of the ground-breaking tissue and organ printing company,...

Read More

Why You’ll Soon Be Using Synthetic Biology to Manufacture Everything

Image: The Factory of Love | Fajar P. Domingo | Source: https://www.pinterest.com/pin/338755203205216484/ As part of our new book “What’s Your Bio Strategy?” we’ve interviewed dozens of entrepreneurs, business leaders and academics working on synthetic biology. The following is an excerpt from one of those interviews. To find out when the book goes on sale subscribe to our newsletter here. The bioeconomy is much bigger than recombinant insulin or genetically modified corn. Increasingly, ordinary industries outside medicine or agriculture will be transformed through the adoption of biological technologies… Intense small scale innovation, coupled with biotechnology, has allowed microbrewers to gain a share of the beer market and be...

Read More
  • 1
  • 2