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In This Issue
Capital fundraising strategies for biopharmaceutical companies
November TECH Talk
Lessons Learned at Altor Bioscience
Innovators Digest
StartUp Xchange
Tampa Bay Innovation Center Events


October 19, 2011
University of Tampa

Vaughn Center 

Tampa, FL  




October 19, 2011

3:00 - 5:00 pm

University of Tampa

Vaughn Center 

Tampa, FL



Florida Defense & Technology Showcase

November 8, 2011

St. Pete Beach, FL



TECH Talk 


November 15, 2011

9:00 - 11:00 am

Moffitt Cancer Center

Stabile Research Building Auditorium 

Tampa, Florida


Partner Events   

Understanding Quickbooks

October 25, 2011

12:00 - 2:00 pm

Clearwater, FL


SCORE Tampa Chapter

Going Into Business Workshop

October 22, 2011

9:00 am - 12:00 pm

Tampa, FL 



Tampa Bay Inventors Council (TBIC) 

Monthly meetings

October 12 & 26, 2011

7:00 - 9:00 pm

Largo, FL 



8th Annual Industry Achievement Awards Gala

November 4, 2011

6:00 - 11:00 pm

A La Carte Event Pavilion 

Tampa, FL


Community Events

 Tampa Bay Technology & Leadership Association(TBTLA)  
TBTLA 10th Anniversary Celebration
 5:00 - 7:00 pm
October 19, 2011
Kona Grill
Tampa, FL 
14th Annual Conference
Marriott Tampa Waterside
October 23-25, 2011
Tampa, FL  



NEW Altorr logo April 2011



Field Forensics Logo

HIT Logo


military parts

NuEnergy Tech

Ready Alert Logo

talent sprocket


Wildbright Logo

WELCOMETonya 2011

We're looking forward to seeing you at our fifth annual conference, Innovation '11, on Wednesday, Oct. 19, 2011 at the University of Tampa's Vaughn Center, 401 W. Kennedy Blvd., Tampa.  With registration and breakfast at 8 a.m., the conference runs until 3 p.m., followed by a special StartUp Xchange from 3 p.m. to 5 p.m.

This year's conference is fast-paced and interactive, with 20-minute presentations by some of the area's most successful entrepreneurs.  The morning begins with a welcome and opening remarks from Tampa Mayor Bob Buckhorn and an opening keynote address by Kurt Long, founder and CEO of FairWarning, Inc.  

Lunch will be a session you won't want to miss.  Kevin Harrington, chairman and founder of TVGoods, Inc. and an investor "Shark" on ABC's "Shark Tank," will speak at lunch and conduct a mini Shark Tank with several pre-selected entrepreneurs, providing primary feedback with the assistance of two local panelists.

Registration is $39. An agenda, presentation topics and registration information are available at or by calling 727-547-7340.


Tonya Elmore





Capital fundraising strategies for biopharmaceutical companies
        By Hing C. Wong, Ph.D.   Hing Wong

As challenging as capital fundraising is in almost any industry, fund raising in the biopharmaceutical industry is unique from other industries due to its long path reaching the exit strategy as well as its lengthy product development cycles.  Let's discuss these fundraising obstacles in turn.  
    Exit strategies in the biopharmaceutical industry are typically through an initial public offering (IPO), merger & acquisition (M&A) activity or a sale; although the traditional IPO approach has become increasingly rare.  Biopharmaceutical companies are a long-term investment for investors- sometimes requiring as long as eight to ten years - with capital requirements of up to $70 million, so its appeal to investors may be somewhat limited.  (More...)  


November TECH Talk
new TECH Talk LOGOTECH Talk is a free monthly breakfast, networking and education event specifically geared to the interests of the Tampa Bay area's innovation and technology entrepreneurship communities.


Our November program will be held from 9 - 11 a.m. on Tuesday, November 15th, at, Moffitt Cancer Center, Stabile Research Building, 1st floor Auditorium, 12902 Magnolia Drive, Tampa FL 33612.  Hing Wong, Ph.D., founder and CEO of Altor Bioscience, will be the November speaker.  His topic is "Capital Fundraising Strategies for Biopharmaceutical Companies.

If you haven't yet attended TECH Talk, we hope you'll put this on your calendar. There is no fee to attend, but space is limited and advance registration is suggested at  Free valet parking is available in the parking garage next to the building (map).    

 Lessons Learned at Altor Bioscience

   By Hing Wong, Ph.D.

The lessons we learned at Altor Bioscience go well beyond how best to secure the most appropriate funding.  Here are a few of these lessons:
  • Don't go into the biopharmaceutical industry for the money.  It's a capital-intensive, long path with many risks and obstacles.  There is no easy money, so you must love what you're doing.
  • Do good science and be able to demonstrate results.
  • Don't become complacent.  In building a biopharmaceutical company from scratch, you must be willing to build the basics and adapt to market changes.
  • Make a commitment to grant writing.  It will be demanding and time consuming but will ultimately demonstrate its value.
  • Be able to demonstrate the results of your research in your grant applications.
  • Make non-dilutive funding a key part of your capital strategy.
  • Be persistent.  VCs receive hundreds of proposals and you cannot become discouraged when yours is rejected.  

 Innovators Digest

In case you missed them, here are some recent articles and blog posts. 


From BNET: Entrepreneurs: 6 Ways to Get Out of a Rut
As a business owner it's easy to get that "Same Stuff, Different Day" feeling. Here are six ways to break out of your SSDD rut. (More...)


 Should You Reward Bad Ideas?   By Drew Gannon for
Some ideas are crazy. Some are underdeveloped. Some will fail. How can you deal with them without squelching your employees' creativity?     (More...) 

Five Overlooked Legal Mistakes Entrepreneurs Make
By Lisa Girard for
Many common pitfalls of owning a business can be avoided with planning and execution. Here are five mistakes small-business owners make -and how to avoid them. (More...)

Via Innovation Daily: LinkedIn Explores What It Takes To Be an Entrepreneur    By Ben Par for
Where does the ideal startup founder come from? Whom is he or she connected to? LinkedIn decided to find out. (More...)

Via BNET: The No.1 Most Undervalued Startup Skill
By Penelope Trunk for
The best tool for building meaningful connections is vulnerability. (More...)

StartUp Xchange
Have questions about your next steps in entrepreneurship? Entrepreneurs at all stages are invited to attend the next StartUp Xchange from 3-5 p.m. on Wednesday, October 19, following Innovation '11 at University of Tampa's Vaughn Center.

This is a great informal opportunity for entrepreneurs, talent in transition, scientists, funders, innovators, technology professionals and engineers to make connections in the Tampa Bay area innovation marketplace and learn from each other and from the Tampa Bay Innovation Center mentors whose experience can help further their idea or startup company.  

Learn more and follow the StartUp Xchange Meetup Group here.  


Follow Us
Based in Largo, Florida,  Tampa Bay Innovation Center is an innovation and entrepreneurship center that assists emerging and entrepreneurial technology companies in accelerating their success


If you'd like to learn more about our services, click here for our website, email us or call 727-547-7340.


Tampa Bay Innovation Center 

7887 Bryan Dairy Road, Suite 220

Largo, FL 33777 


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