2. RAD Biomed Incubator The Israeli incubator program started in 1991 to provide a sheltered environment for scientists and entrepreneurs from the former USSR RBM was established in 1992 as general incubator, refocused in 1998 to biotech Located in Tel-Aviv Owned by the RAD group of companies Six active graduate companies InnoScent Ltd MaimoniDex RA
3. 9 Incubator companies The RAD Biomed Portfolio A RIO M EDICA T ouch M ed TissueDetect Drug-delivery pump Gene therapy Peripheral atherectomy Improved enzymes Molecular diagnostics Cord-blood harvesting Endoscopy Epidural-space detection Occu Pharma Opthalmic drug-delivery
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10. Task Oriented Management Team Idan Tamir, Ph.D. President & CEO Binah Baum, Ph.D. MBA Director, Business Dev Shoshi Keynan, Ph.D. Project Manager Drug development specialists RAD group of companies Medical device consultants project IP experts Clinical & regulatory experts
11. Handling The Maturing Company Building Value To The Next Level √ Demonstrating proof of concept – critical milestone √ Creating a strong IP position with freedom to operate √ Initiating regulatory procedures – what does the FDA look for? Initiating discussion with regulatory consultants √ Preparing succinct business plan for next investment round √ Creating a professional advisory board & appointing a medical director √ Initiating alliances with companies e.g. FP7 consortia √ Helping to secure follow-up financing / alliances with strategic partners
