Brown2020

Here are the slides from Steve Brown’s keynote presentation at the Bio-VC BIT Life Sciences’ Bio-Venture Capital Forum 2008, Dalian China, October 11, 2008. The Presentation discussed how to create a winning Life Sciences Innovation Strategy in an Era of Scarcity.

Abstract:

In the last century, technological innovation was propelled by a race to conquer nature and spread a modern lifestyle premised on an unspoken belief in unlimited resources. Now we find with ourselves with depleting resources and unsustainable systems for healthcare, energy, agriculture, water, and the environment. As Plato wrote over 2000 years ago, “Necessity is the mother of invention.” The great unmet needs of the current century relate to sustainability: How can we create sustainable systems for quality healthcare, agriculture, energy, and other sectors? These challenges are uniquely appropriate for innovation in life sciences, with new solutions enabled by the convergence of biotechnology and information technology. With the new challenges of our time, a new generation of entrepreneurs, scientists, and inventors will be inspired to apply their energy and ideas by starting new ventures. This talk will describe an entrepreneurial approach to life sciences innovation and will discuss how to create and foster an innovation culture targeting the great needs and challenges of our time.

Bio-VC Innovation Transcript

• Slide 1: Creatng
a
Winning
Life
Sciences Innovation
Strategy
in
an
Era
of
Scarcity; Steve
Brown,
Chairman,
Billionlights
Foundation; Founder
and
Former
CEO,
Health
Hero
Network (acquired
by
Robert
Bosch
GmbH);
Saturday,
October
11,
2008
 Dalian,
China
• Slide 2: Necessity, who is the mother of invention.
Plato,
360
B.C.
• Slide 3: Creatng
a
Winning
Innovation
Strategy; An
Entrepreneur’s
Perspective; Roots
of
Life
Sciences
Innovation: 1. Identify
Great
Problems; 2. Seek
New
Connections; 3. Tap
Into
Passion; Questions
to
ask
Innovative
Companies
• Slide 4: Health
Hero
Network
Story;
We
recognized
a
problem: Too
much
effort
spent
treating
the
complications
of
chronic
disease,
and
not enough
on
preventing
them; We
had
an
idea: A
technology
platform
to
enable
a
better model
of
care
based
on
identifying problems
early
and
changing
behavior
• Slide 5: We
Filed
Some Patents
• Slide 6: Raised
Capital
and
Built
a
Technology
Platform
• Slide 7: Won
Key
Customers
and Proved
the
Idea
Worked
• Slide 8: Lobbied
Government
to
Recognize Remote
Monitoring
• Slide 9: Showed
Promise
in
Medicare,
• Slide 10: Then
a
Large
Company
Acquired
Us.
• Slide 11: We
Also
Had
Some
of
This
in
Between…
• Slide 12: Innovation Key #1: Identify Great Problems
• Slide 13: This
is
a
New
Era
with
New
Necessity;
20th
Century:
 Conquer
Nature;  Assume
Unlimited
Resources;  Physical
Sciences
and Industrial Technology; 21st
Century:
 Respect
Nature; Assume
Limited
Resources; Life
Sciences
and Information
Technology
• Slide 14: Emerging
and
Drug
Resistant
Disease
• Slide 15: Lifestyle
that
Begets
Chronic
Disease
• Slide 16: The
Most
Basic
Needs:
Food
and
Water
• Slide 17: Sustainability:
Promise
and
Peril
• Slide 18: Not
Everyone
Agrees
on
Solutions
• Slide 19: Solutions
Include
Technology
and
Behavior
• Slide 20: Every
Problem
is
Part
of
a
Network
• Slide 21: Innovation Key #2: Seek New Connections
• Slide 22: Innovation
Happens
at
the
Connections
• Slide 23: Multiple
Paths
Address
Same
Problems: Both
innovations
improve
diabetes
care; Both
combine
preexistng
elements
in
new
ways; One
is
a
chemical
entity,
the
other
IT; One
treats
the
human
body,
the
other
behavior
• Slide 24: Life
Science
is
Information
Science
Part
of
the
DNA
code
to
determine
eye
color… Part
of
the
binary
code
to
make
an
eye
image…
• Slide 25: Valuable
Innovations
Simplify
Complexity… and
Stand
on
Many
Shoulders
• Slide 26: Beauty is truth, truth Beauty, ‐ that is all ye know on earth, and all ye need to know. John Keats
• Slide 27: Innovation Key #3: Tap Into Passion
• Slide 28: Is
it
Popular
Passion
or
Real
Passion?
• Slide 29: Barometer
of
Popular
Passion
• Slide 30: Pusng
Popular
Passion
in
Perspective
• Slide 31: Pusng
Popular
Passion
in
Perspective
• Slide 32: Pusng
Popular
Passion
in
Perspective
• Slide 33: New
Connections
are
Stirring
• Slide 34: People
Desire
Connection…Passion
is
Infectious
• Slide 35: Why Passion Matters
• Slide 36: Questions
to
ask
Innovative
Companies: What
is
the
big
idea? Does
this
company
address
a
big
problem,
or
is
it
a
 “tuck
in”
to
someone
else’s
big
idea? What
is
the
new connection? Where
is
the
solution
on
the
overall
network
of
 approaches
addressing
the
problem? Do
innovators
stand
on
many
shoulders
to
find
new connections
and
simplify
complexity? Where
is
the
root
of
the
passion? Is
there
a
source
of
passion
strong
enough
to
attract the
best
people
and
enable
them
to
persevere?
• Slide 37: What Passion Looks Like