Program areas at BioGenerator
As part of its proof of concept purpose, Biogenerator assists in the development of organizations, which meet the exempt purpose of Biogenerator by providing guidance/feedback on business strategies, presentations, business plans, fund-raising strategies, corporate partner negotiations, introducing companies to high quality professional service providers and assisting in preparation of financial projections, budgets and timelines. Biogenerator funded services to 20 new companies in 2022.
A subset of Biogenerator staff provide educational services and mentoring to prospective and inexperienced entrepreneurs with the intention of equipping the individuals with the knowledge to successfully develop a technology and bring that benefit to the community. This program, while still active, is integrated in all areas of Biogenerator support.
Biogenerator created a 17,150 square foot lab facility which is made available to client companies or entrepreneurs in the pre-company/earliest phases of commercialization to establish laboratory operations and initiate proof of concept studies without having to raise the capital required to purchase most equipment and rent laboratory space.
Biogenerator investment staff offers commercialization guidance and advice on a subset of more promising concepts originating from university faculty or entrepreneurs about the commercialization process, and working with the individuals, helps to formulate a development plan by providing support in the form of advice and mentoring. It connects new businesses to professional services including law firms and accounting firms, recruits scientific and management talent and direct entrepreneurs to management training programs.biogenerator staff continuously network to seek out commercially promising technologies. They meet with university faculty, including Washington university, saint louis university, and the university of missouri/st. Louis. They routinely network with corporations based in st. louis with a focus on life sciences, such as monsanto, sigma aldrich, and mallinckrodt. Biogenerator also works with a variety of development partners including biostl, cic@cet, the donald danforth plant science center, cortex innovation community, Missouri technology corporation, the city of st. louis, and st. louis county.as a result, Biogenerator staff invest considerable time in completing technical assessments on new technologies. This involves providing education to those involved on how to improve or further develop their technology, specifically as it pertains to meeting a need of the community. Biogenerator had over 100 technologies that were identified for consideration. The majority of these opportunities involved technologies licensed or emerging from universities or research institutions.