Written in an engaging and accessible style by a global team of multidisciplinary experts, "From Innovation to Cash Flows" contains realistic insights, examples, sample contracts, and frameworks to help entrepreneurs start up high-technology ventures. Readers will see, step by step, how to protect their scientific inventions, create business models, structure strategic alliances, license intellectual property rights, do patent searches, make patent maps, interpret competitive intelligence, and conduct due diligence. The book provides complete analysis of detailed transaction terms that cover the risks related to such alliances and investment deals. In addition to company valuation techniques, it explores evolving business models in biotechnology and biopharmaceuticals. Constance Lutolf-Carroll, MBA (Milan, Italy), is an equity investor, entrepreneur, and educator in strategy and finance. Antti Pirnes, MSc (Helsinki, Finland), is a patent analyst, entrepreneur, and experienced biotech researcher.
Pt. I Creativity and the Roles of the Inventor, Innovator, and Entrepreneur
Ch. 1 Creativity and the Entrepreneurial Process
Ch. 2 Protecting Your Invention
Pt. II Building Business Models
Ch. 3 Understanding Strategy Basics
Ch. 4 Strategies To Grow, Restructure, or Harvest your Business
Ch. 5 The Key Elements of a Business Model
Pt. III Crafting Strategic Alliances
Ch. 6 Introduction to Strategic Alliances
Ch. 7 Managing Alliances
Ch. 8 How Alliances Complete the Value Chain in Biotechnology and Pharmaceutical Business Models
Pt. IV Understanding Legal Agreements
Ch. 9 Contract Law, Key Legal Agreements for Business, and Incorporation Issues
Ch. 10 Investment Agreements
Ch. 11 The Intellectual Property Landscape
Ch. 12 The Basics about Patents
Ch. 13 General Patenting Strategies in High-Technology Industries
Ch. 14 Navigating Technology License Agreements
Pt. V Competitive Intelligence and Due Diligence
Ch. 15 Competitive Intelligence and Patent Searching
Ch. 16 Due Diligence
Pt. VI Valuing Company Cash Flows
Ch. 17 Valuation Using Discounted Cash Flow
Ch. 18 Valuation Using Market Multiples and Comparable Deal Transactions