Entrepreneurship
Introductory Resources
- From a PhD in Microbiology to Entrepreneur/StartUp CEO, 10-min video.
- A day in the life of a science gaming entrepreneur, Science Careers.
- How a PhD turned his research into a thriving online business, 30-min video.
- How a side project became a book – a different type of entrepreneurship, After your PhD YouTube channel.
- Why PhDs make the best (and worst) startup founders, Cooper J. Galvin, PhD (4-min Medium read).
Venturing further in this career area
- Advice and stories from PhD entrepreneurs:
- From PhD to Startup Founder, A step-by-step guide for PhDs, CUBiO Innovation Hub (1-hour video).
- The pros and cons of entrepreneurship and resources to become an entrepreneur, JHU.
- Career stories of PhD graduates who transitioned into entrepreneurship, business development, etc., PhD Career Stories.
- Repository of short entrepreneur video interviews, Candid Career.
- Profit vs non-profit entrepreneurship, and capital raising:
- Wondering whether non-profit entrepreneurship would be a good fit?, Probably Good.
- The winding journey of biotech capital raising: deciphering the jargon, N. Frame et al., 2023.
- Three things veteran planetary health investors look for in a startup, TechCrunch.
- Leverage online resources and training opportunities:
- Resources for starting your own business as a PhD, After Your PhD, LLC.
- Online training opportunities on team building, management and engagement – example: Managing Talent.
Learning by doing job-related tasks
Job Simulations are job-related tasks that can be completed in a few hours, to help you assess how enjoyable and how much of a good fit a specific job could be for you. Intersect Job Simulations have been created by PhDs for PhDs, to support their career transitions into a wide range of careers. To make the most of job simulations, please set up SMART Goals to perform each simulation in a reasonable timeline. When you have completed the task, fill out the Self-Reflection Sheet, which will help you reflect on what you enjoyed (or did not enjoy) about the simulation, and how it can help inform your career exploration efforts.
- Market Insight Job Simulation.
- Write your first book – Job Simulation.
- User Experience (UX) Research – Job Simulation.
- Research a Commercial Product – Job Simulation.
- Venture and Business Builds virtual simulation with BCG.
Preparing your transition into this career area
- Explore and connect with BU support:
- Entrepreneurship office at Boston University – supports entrepreneurial researchers and innovators dedicated to creating commercial opportunity for their technologies via new ventures.
- Innovate@BU supports graduate students in their entrepreneurial projects.
- EPIC – Engineering Product Innovation Center at BU.
- Some organizations started offering fellowships to support advanced degree holders in venture creation, like the 5AM Fellowship from 5AM Ventures in Boston. Others, like Insight Partners Bio or the 2048 Ventures Fellowship from 2048 VC, can enable you to work on part-time projects with funders and investors, thus learning about the startup ecosystem.
- Lean on your unique PhD skills and more resources to support your transition towards entrepreneurship (Chris Smith, PhD, 2024, Carpe Careers).
- Look for and join relevant thematic groups on LinkedIn, online and local communities, like:
- ILSE Bio (Institute for Life Science Entrepreneurship) – provides a 13-week Entrepreneur Training Program for life scientists.
- Lab Central – Community lab space for biotech startups in Cambridge, MA.
- LaunchBio – National network of life science innovators.
- MassBio Drive – Innovation accelerator (BU is a member of Massbio, use your institutional email to register for their events).
- MassLifeSciences – resources and incubators for Massachusetts entrepreneurs.
- MassIncubators.
- Nucleate is a student-led organization that provides elevator pitch workshops and competitions for entrepreneurs.
- SciFounders (Offers a fellowship to support founders – SciFounders’ founders, Matt, Lucas, and Alex are scientists and company operators themselves (they started and are running Mammoth Bio – CRISPR Therapeutics, and Conception Bio – stem cell to egg) and want to help more technical founders who are working on important technologies. The easiest way to reach out is via hello@scifounders.com or to subscribe to their mailing list.)
- StartUp Boston – volunteer-based startup community, events, and resources.
- The Boston Entrepreneurs’ Network.
- Look for centers of innovation, like the University of Cambridge Center for Social Innovation, who share similar interests with you and could enable you to find collaborators, mentors, financial support, etc.
- Labiotech.eu – YouTube channel dedicated to Biotechs in Europe and advice for entrepreneurs.
- Growing your network and having informational interviews with PhDs who have transitioned into careers of interest to you will enable you to learn more about the job’s daily responsibilities, hiring process, career progression, etc., and the sector as a whole.
- Look for and join relevant thematic groups on LinkedIn, online communities, etc.
- Look for BU Mentors and Alumni who have transitioned into this career area.
- The Social Scientist enables early-career researchers to connect with folks who have transitioned in various career areas, including in communication and outreach.
- Seek relevant startup, VC (Venture Capital), Pharma CVC, etc. events and networking events on eventbrite, lu.ma, and other event platforms, to meet with potential mentors and funders. Keep track of the people you meet and their specialty (e.g., in a spreadsheet), in order to reach back out to them when the right opportunity/time comes.