Difference between revisions of "Team:TAS Taipei/Entrepreneurship"

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<title>Entrepreneurship - TAS Taipei iGEM Wiki</title>
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<h3>★  ALERT! </h3>
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<p>This page is used by the judges to evaluate your team for the <a href="https://2016.igem.org/Judging/Awards#SpecialPrizes">Best Supporting Entrepreneurship award</a>. </p>
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<p> Delete this box in order to be evaluated for this medal. See more information at <a href="https://2016.igem.org/Judging/Pages_for_Awards/Instructions"> Instructions for Pages for awards</a>.</p>
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<nav style='font-family:Lato;font-size:22px;background-color:#1C77C3;-webkit-transform: translateZ(0);z-index: 100;position: fixed;box-shadow: 0px 0px 10px black;'>
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<ul style='margin-left:0px'>
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<li class="dropdown">
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<a href="https://2016.igem.org/Team:TAS_Taipei/Background"><h4 class="dropdown-toggle disabled" data-toggle="dropdown"><b>PROJECT</b></h4></a>
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<div class='subcategories_container'>
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<div>
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<h5><a href="https://2016.igem.org/Team:TAS_Taipei/Background">Background</a></h5>
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<div>
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<h5><a href="https://2016.igem.org/Team:TAS_Taipei/Achievements">Achievements</a></h5>
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<div>
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<h5><a href="https://2016.igem.org/Team:TAS_Taipei/Collaborations">Collaborations</a></h5>
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<div>
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<h5><a href="https://2016.igem.org/Team:TAS_Taipei/Parts">Parts</a></h5>
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</div>
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<div style='height:140px;'>
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<img src="https://static.igem.org/mediawiki/2016/1/11/T--TAS_Taipei--TAS_Icon_Project.png">
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<h4><b>Cataracts</b> - the leading cause of blindness. Find out how we can non-invasively <b>treat</b> and <b>prevent</b> cataract formation.</b></h4>
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</div>
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</div>
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</li>
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<li class="dropdown">
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<a href="https://2016.igem.org/Team:TAS_Taipei/Experimental_Summary"><h4 class='dropdown-toggle disabled' data-toggle="dropdown"><b>EXPERIMENTAL</b></h4></a>
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<div class='subcategories_container'>
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<div>
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<h5><a href="https://2016.igem.org/Team:TAS_Taipei/Experimental_Summary#lensmodel">Lens Cataract Model</a></h5>
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</div>
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<div>
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<h5><a href="https://2016.igem.org/Team:TAS_Taipei/Experimental_Summary#construct">Prevention and Treatment Constructs </a></h5>
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</div>
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<div>
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<h5><a href="https://2016.igem.org/Team:TAS_Taipei/Experimental_Summary#prototype">Delivery Prototype</a></h5>
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<div>
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<h5><a href="https://2016.igem.org/Team:TAS_Taipei/Notebook">Notebook</a></h5>
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</div>
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<div style='height:140px;'>
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<img src="https://static.igem.org/mediawiki/2016/b/b0/T--TAS_Taipei--TAS_Icon_Experiments.png">
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                        <h4>We build <b>constructs</b> to make our great ideas become reality. Follow along our discovery of exciting science!</h4>
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</div>
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</div>
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</li>
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<li class="dropdown">
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<a href="https://2016.igem.org/Team:TAS_Taipei/Model"><h4 class='dropdown-toggle disabled' data-toggle="dropdown"><b>MODEL</b></h4></a>
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<div class='subcategories_container'>
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<h5><a href="https://2016.igem.org/Team:TAS_Taipei/Model#GSRFunc">GSR Function</a></h5>
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<div>
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<h5><a href="https://2016.igem.org/Team:TAS_Taipei/Model#prototype">Prototype Delivery</a></h5>
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</div>
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<div>
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<h5><a href="https://2016.igem.org/Team:TAS_Taipei/Model#treatment">CH25H Treatment</a></h5>
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</div>
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<div>
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<h5><a href="https://2016.igem.org/Team:TAS_Taipei/Model#software">Calculator</a></h5>
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</div>
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</div>
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<div style='height:140px;'>
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<img src="https://static.igem.org/mediawiki/2016/c/ca/T--TAS_Taipei--TAS_Icon_Model.png">
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<h4><b>Computational Biology</b> provides us models that we cannot easily test experimentally. Click to find out the results of our modeling, and the math behind it!</h4>
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</div>
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</div>
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</li>
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<li class="dropdown">
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<a href="https://2016.igem.org/Team:TAS_Taipei/Human_Practices"><h4 class='dropdown-toggle disabled' data-toggle="dropdown"><b>HUMAN PRACTICE</b></h4></a>
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<div class="dropdown-menu">
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<div class='subcategories_container'>
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<h5><a href="https://2016.igem.org/Team:TAS_Taipei/Human_Practices#research">Research</a></h5>
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</div>
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<div>
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<h5><a href="https://2016.igem.org/Team:TAS_Taipei/Human_Practices#outreach">Outreach</a></h5>
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</div>
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<div>
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<h5><a href="https://2016.igem.org/Team:TAS_Taipei/Human_Practices#impact">Impact</a></h5>
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</div>
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</div>
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<div style='height:140px;'>
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<img src="https://static.igem.org/mediawiki/2016/b/b9/T--TAS_Taipei--TAS_Icon_HP.png">
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<h4>We don't just grow cool bacteria. We make a <b>difference</b>. Find out how we tackled <b>social aspects</b> of this project.</h4>
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</div>
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</div>
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</li>
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<li class="dropdown">
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<a href="https://2016.igem.org/Team:TAS_Taipei/Safety"><h4 class='dropdown-toggle disabled' data-toggle="dropdown"><b>SAFETY</b></h4></a>
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<div class="dropdown-menu">
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<div style='height:100px;'>
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<div class='subcategories_container'>
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<div>
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<h5><a href="https://2016.igem.org/Team:TAS_Taipei/Safety#overview">Overview</a></h5>
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</div>
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<div>
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<h5><a href="https://2016.igem.org/Team:TAS_Taipei/Safety#biosafety">Biosafety</a></h5>
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</div>
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<div>
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<h5><a href="https://2016.igem.org/Team:TAS_Taipei/Safety#riskreduction">Risk Reduction Methods</a></h5>
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</div>
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<div>
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<h5><a href="https://2016.igem.org/Team:TAS_Taipei/Safety#furtherquestion">Further Questions</a></h5>
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</div>
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</div>
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<img src="https://static.igem.org/mediawiki/2016/7/7e/T--TAS_Taipei--TAS_Icon_Safety.png">
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<h4><b>Safety first.</b> Especially in a lab. Here's how we maintained and investigated the integrity and security of our work environment.</h4>
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</div>
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</div>
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</li>
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<li class="dropdown">
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<a href="https://2016.igem.org/Team:TAS_Taipei/Team"><h4 class='dropdown-toggle disabled' data-toggle="dropdown"><b>TEAM</b></h4></a>
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<div class="dropdown-menu">
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<div class='subcategories_container'>
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<div>
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<h5><a href="https://2016.igem.org/Team:TAS_Taipei/Team#members">Members</a></h5>
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</div>
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<div>
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<h5><a href="https://2016.igem.org/Team:TAS_Taipei/Team#about">About</a></h5>
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</div>
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<div>
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<h5><a href="https://2016.igem.org/Team:TAS_Taipei/Attributions">Attributions</a></h5>
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</div>
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<div>
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<h5><a href="https://2016.igem.org/Team:TAS_Taipei/Wiki_Standard_Pages">Wiki Standard Pages</a></h5>
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</div>
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</div>
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<div style='height:140px;'>
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<img src="https://static.igem.org/mediawiki/2016/c/c6/T--TAS_Taipei--TAS_Icon_Team.png">
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<h4>Every iGEM project is the accumulation of an entire year's hard work by a group of cheerful students. <b>Meet the team!</b></h4>
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</div>
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</div>
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</li>
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</ul>
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</nav>
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<div class="row" style = "text-align:center;">
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<div class="col-sm-2">
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<a href="https://2016.igem.org/Team:TAS_Taipei" style='text-decoration: none'><img src="https://static.igem.org/mediawiki/2016/c/c6/T--TAS_Taipei--TAS_iGEM_Logo.png
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" alt="" style="width: 100px;"></a>
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</div>
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<div class="col-sm-8" style='text-align:center;'>
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<a href="https://2016.igem.org/Team:TAS_Taipei" style='text-decoration: none;'>
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<h2 style="font-family:'Lato';letter-spacing:10px;color: white; font-size: 60px;  margin-top: 0;  margin-bottom: 0;"><b>
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C&#9678;UNTERACTS</b></h2>
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</a>
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<div class="col-sm-2">
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<a href="https://igem.org/HS"><img src="https://static.igem.org/mediawiki/2016/6/6e/T--TAS_Taipei--TAS_Icon_Logo2.png" alt="" style="width: 100px;"></a>
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<div class="row card" id='bodycontainer' class='row'>
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<div class="col-sm-2" style='padding-left:8px;'>
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<div id="category_navbar">
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<ul class="nav nav-list" data-spy="affix" data-offset-top="160" style='-webkit-transform: translateZ(0);width:160px;margin-left:0' >
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<li><a href="#survey">Survey</a></li>
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<li><a href="#plan">Marketing Plan</a></li>
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                            <li> <a href="#synopsis">Synopsis</a></li>
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                            <li> <a href="#approach">Approach</a></li>
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                        </ul>
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</ul>
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</div>
  
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</div>
  
  
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<div class="col-sm-10" style="padding-right:5%">
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<h1>Entrepreneurship</h1>
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                                <h2 id='survey'>Survey</h2>
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                                        <br>
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                                    <p>
 +
                                        Based on our survey given to our school community and citizens of Taipei, we discovered that cost of cataract surgery, whether performed in humans or in pets, was a source of concern.  Many people said that if there was a safe, affordable option to surgery, that they would prefer that option.  With this information in mind, we ran a cost analysis to ensure that our solution would be affordable.
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                                    </p>
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                                </div>
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                          </div>
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                            <div class="row">
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                                <figure class = "col-sm-12">
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        <img src="https://static.igem.org/mediawiki/2016/f/f7/T--TAS_Taipei--EthicsPanel.png">
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                                </figure>                             
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                            </div>
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                                <div class="col-sm-12">
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                                    <h2 id='plan'>Counteracts Marketing Plan</h2>
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                                    <p>
 +
                                        With the help of our business and economics teacher, we developed a comprehensive marketing plan for our cataracts prevention and treatment products, in order to create a more profound impact in terms of public awareness of Cataracts.  Within this plan we performed a situational analysis based on market research, customer analysis, environmental/industrial considerations, and regulatory constraints (such as quality control and SWOT analysis). Furthermore, we statistically analyzed our products’ viability in the market by developing pricing and promotional strategies. Upon completion, we initiated discussions with several biotechnology investors and published our plan on business starter websites to garner interest.
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                                    </p>
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                                </div>
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                          </div>
  
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                                <br>
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                                    <h3 id='synopsis'></h3>
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                                    <br>
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                                    <h3>Marketing Plan Synopsis</h3>
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                                    <p>
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                                        There exists a significant market opportunity for cataracts treatment worldwide. Over 3 million cataract surgeries are performed in the United States every year, and cataracts have attributes to 51% of world blindness. Although cataracts surgery is the dominant procedure in this market, we have developed technology which provides distinctive advantages, and created a marketing plan which serves as a guide for establishing a successful business.
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                                    </p>
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                                </div>
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                                    <h3 id='approach'></h3>
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                                    <br>
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                                    <h3>Marketing Plan Approach</h3>
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                                    <p>
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                                        The total material cost of a 3 month supply is $7.88. 1 bottle contains 200 drops and can be used for both eyes for 3 months. 1 bottle contains 4.2 mg of proteins encapsulated in nanoparticles. Accounting for the protein encapsulation efficiency (72%) of our nanoparticles, we determined that we need to grow 160 mL of liquid culture in order to produce each bottle. Below is the material costs for making 1 bottle of our Counteracts eye drop. 
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                                    </p>
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                                    <br>
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                                    <a href="https://static.igem.org/mediawiki/2016/d/d5/T--TAS_Taipei--marketingplan.pdf"><button type="button" class="btn btn-primary btn-lg">Click to download our market plan!</button></a>
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                                    <br>
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                                </div>
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                                <figure class = "col-sm-6">
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        <img src="https://static.igem.org/mediawiki/2016/f/fa/T--TAS_Taipei--MarketPlan.png">
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                                                <tr>
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                                                    <th>Material</th>
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                                                    <th>Unit</th>
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                                                    <th>Price (NTD)</th>
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                                                    <th>Amount Needed</th>
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                                                    <th>Cost (NTD)</th>
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                                                    <th>Cost (USD)</th>
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                                                </tr>
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                                                <tr>
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                                                    <td>LB (LBL407)</td>
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                                                    <td>1000 g</td>
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                                                    <td>2700</td>
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                                                    <td>4 g</td>
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                                                    <td>15.56</td>
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                                                    <td>0.50</td>
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                                                </tr>
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                                                <tr>
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                                                    <td>Ampicillin Sigma Aldrich</td>
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                                                    <td>5 g</td>
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                                                    <td>3300</td>
 +
                                                    <td>0.00016 g</td>
 +
                                                    <td>1.52</td>
 +
                                                    <td>0.05</td>
 +
                                                </tr>
 +
                                                <tr>
 +
                                                    <td>Histag Column</td>
 +
                                                    <td>1 column purifies 2000 mg protein</td>
 +
                                                    <td>1581</td>
 +
                                                    <td>5.761 mg</td>
 +
                                                    <td>62.66</td>
 +
                                                    <td>1.99</td>
 +
                                                </tr>
 +
                                                <tr>
 +
                                                    <td>Xtractor buffer</td>
 +
                                                    <td>500 mL</td>
 +
                                                    <td>8280</td>
 +
                                                    <td>6.4 mL</td>
 +
                                                    <td>105.98</td>
 +
                                                    <td>3.37</td>
 +
                                                </tr>
 +
                                                <tr>
 +
                                                    <td>Wash buffer</td>
 +
                                                    <td>500 mL</td>
 +
                                                    <td>5041</td>
 +
                                                    <td>2 mL</td>
 +
                                                    <td>20.17</td>
 +
                                                    <td>0.64</td>
 +
                                                </tr>
 +
                                                <tr>
 +
                                                    <td>Elution buffer</td>
 +
                                                    <td>250 mL</td>
 +
                                                    <td>4931</td>
 +
                                                    <td>2 mL</td>
 +
                                                    <td>39.45</td>
 +
                                                    <td>1.26</td>
 +
                                                </tr>
 +
                                                <tr>
 +
                                                    <td>Sodium Tripolyphosphate</td>
 +
                                                    <td>500 g</td>
 +
                                                    <td>350</td>
 +
                                                    <td>20 mg</td>
 +
                                                    <td>0.01</td>
 +
                                                    <td>0.00</td>
 +
                                                </tr>
 +
                                                <tr>
 +
                                                    <td>Chitosan</td>
 +
                                                    <td>250 g</td>
 +
                                                    <td>6420</td>
 +
                                                    <td>60 mg</td>
 +
                                                    <td>1.54</td>
 +
                                                    <td>0.05</td>
 +
                                                </tr>
 +
                                                <tr>
 +
                                                    <td>Acetic Acid</td>
 +
                                                    <td>500 mL</td>
 +
                                                    <td>300</td>
 +
                                                    <td>200 uL</td>
 +
                                                    <td>0.12</td>
 +
                                                    <td>0.00</td>
 +
                                                </tr>
 +
                                                <tr>
 +
                                                    <td>Sodium Hydroxide</td>
 +
                                                    <td>500 g</td>
 +
                                                    <td>600</td>
 +
                                                    <td>0.4 g</td>
 +
                                                    <td>0.48</td>
 +
                                                    <td>0.02</td>
 +
                                                </tr>
 +
                                            </tbody>
 +
                                            <tfoot>
 +
                                                <tr>
 +
                                                    <td></th>
 +
                                                    <td></th>
 +
                                                    <td></th>
 +
                                                    <td></th>
 +
                                                    <td><b>&#36;247.48</b></th>
 +
                                                    <td><b>&#36;7.88</b></th>
 +
                                                </tr>
 +
                                            </tfoot> 
 +
                                               
 +
                                           
 +
                                        </table>
 +
                              </div>
 +
                          </div>
 +
<br>
 +
                          <div class="row">
 +
                              <div class="col-sm-12">
 +
                                  <figure class = "col-sm-4">
 +
                                        <img src="https://static.igem.org/mediawiki/2016/9/9c/T--TAS_Taipei--Impact1.png">
 +
                                        <figcaption>Alexander Kaufman, former intern at RA Capital</figcaption>
 +
                                        </figure>
 +
                                        <div class="col-sm-8">
 +
                                            <p>
 +
                                                Additionally,<b> Mr. Alexander Kaufman,</b> a former intern at RA Capital (a biotechnology investment firm), provided constructive feedback on our business plan. He suggested that we focus on long term cost projections, for it would put us in a better position to engage with venture capitalists. He also thought that our competitor analysis and initial market sizing was impressive. Furthermore, this plan was shown to Dr. Tai-Yuan Wang and he suggested that with an FDA approval and clinical trials, he would be interested in our products. Thus,we can conclude our products have the potential to compete in market.
 +
                                            </p>
 +
                                        </div> 
 +
                              </div>
 +
                          </div>
 +
                         
 +
                       
 +
                       
 +
                       
 +
                       
 +
                            <br><br>
 +
                       
  
−
<div class="column full_size">
+
                        </div> <!-- Container -->
−
<h2>Entrepreneurship</h2>
+
                    </div> <!-- Container -->
  
−
<p>
+
               
−
In previous years, iGEM had an entrepreneurship track. Teams were encouraged to build projects and focus around commercializing their work. We have now moved to an award as the best work in this area may come from teams who are not solely focused on entrepreneurship.
+
               
−
</p>
+
                   
 +
            </div>
 +
</div>
 +
    </div>
 +
 +
<br>
 +
<br><br>
  
−
<p>The Best Supporting Entrepreneurship award recognizes exceptional effort to build a business case and commercialize an iGEM project. This award is open to all teams to show that entrepreneurship is something all teams can aspire to do with their project. This award can go to an new project, or to a previous project that a team aimed to commercialize. Have you filed a provisional patent on your project/device/process? Have you raised money to build and ship products? Have you pitched your idea to investors and received money? Complete the entrepreneurship section on the 2016 Judging form and tell us what you did. As always in iGEM, the aim is to impress the judges! </p>
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 +
</body>
  
−
<h5>Inspiration</h5>
 
−
<p>You can look at what other teams did to get some inspiration! <br />
 
−
Here are a few examples:</p>
 
−
<ul>
 
−
<li><a href="https://2014.igem.org/Team:UCC_Ireland">2014 UCC Ireland</a></li>
 
−
<li><a href="https://2014.igem.org/Team:Imperial">2014 Imperial College London</a></li>
 
−
<li><a href="https://2013.igem.org/Team:UCL_E">2013 University College London Entrepreneurship</a></li>
 
−
<li><a href="https://2012e.igem.org/wiki/index.php/Team:MIT_E">2012 MIT Entrepreneurship</a></li>
 
−
</ul>
 
  
  
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        step: function() {
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            console.log(this.blurRadius);
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        /**if (NineLOCSnum < 68){ if (NineLOCSnum > 10) if(currentColor()=="RED" ||  currentColor() == "BLUE") $("#slideoutco").fadeOut(0); switchMessage("YELLOW","<b> Treating</b> your cataract with <b>25HC Eyedrops </b>", currentColor()=="RED");
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 +
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        <h5>25HC Eyedrop</h5>
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            <br> Eyedrops
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Latest revision as of 03:08, 20 October 2016

Entrepreneurship - TAS Taipei iGEM Wiki




C◎UNTERACTS

Entrepreneurship

Survey


Based on our survey given to our school community and citizens of Taipei, we discovered that cost of cataract surgery, whether performed in humans or in pets, was a source of concern. Many people said that if there was a safe, affordable option to surgery, that they would prefer that option. With this information in mind, we ran a cost analysis to ensure that our solution would be affordable.

Counteracts Marketing Plan

With the help of our business and economics teacher, we developed a comprehensive marketing plan for our cataracts prevention and treatment products, in order to create a more profound impact in terms of public awareness of Cataracts. Within this plan we performed a situational analysis based on market research, customer analysis, environmental/industrial considerations, and regulatory constraints (such as quality control and SWOT analysis). Furthermore, we statistically analyzed our products’ viability in the market by developing pricing and promotional strategies. Upon completion, we initiated discussions with several biotechnology investors and published our plan on business starter websites to garner interest.



Marketing Plan Synopsis

There exists a significant market opportunity for cataracts treatment worldwide. Over 3 million cataract surgeries are performed in the United States every year, and cataracts have attributes to 51% of world blindness. Although cataracts surgery is the dominant procedure in this market, we have developed technology which provides distinctive advantages, and created a marketing plan which serves as a guide for establishing a successful business.


Marketing Plan Approach

The total material cost of a 3 month supply is $7.88. 1 bottle contains 200 drops and can be used for both eyes for 3 months. 1 bottle contains 4.2 mg of proteins encapsulated in nanoparticles. Accounting for the protein encapsulation efficiency (72%) of our nanoparticles, we determined that we need to grow 160 mL of liquid culture in order to produce each bottle. Below is the material costs for making 1 bottle of our Counteracts eye drop.



Material Unit Price (NTD) Amount Needed Cost (NTD) Cost (USD)
LB (LBL407) 1000 g 2700 4 g 15.56 0.50
Ampicillin Sigma Aldrich 5 g 3300 0.00016 g 1.52 0.05
Histag Column 1 column purifies 2000 mg protein 1581 5.761 mg 62.66 1.99
Xtractor buffer 500 mL 8280 6.4 mL 105.98 3.37
Wash buffer 500 mL 5041 2 mL 20.17 0.64
Elution buffer 250 mL 4931 2 mL 39.45 1.26
Sodium Tripolyphosphate 500 g 350 20 mg 0.01 0.00
Chitosan 250 g 6420 60 mg 1.54 0.05
Acetic Acid 500 mL 300 200 uL 0.12 0.00
Sodium Hydroxide 500 g 600 0.4 g 0.48 0.02
$247.48 $7.88

Alexander Kaufman, former intern at RA Capital

Additionally, Mr. Alexander Kaufman, a former intern at RA Capital (a biotechnology investment firm), provided constructive feedback on our business plan. He suggested that we focus on long term cost projections, for it would put us in a better position to engage with venture capitalists. He also thought that our competitor analysis and initial market sizing was impressive. Furthermore, this plan was shown to Dr. Tai-Yuan Wang and he suggested that with an FDA approval and clinical trials, he would be interested in our products. Thus,we can conclude our products have the potential to compete in market.






Prevention

GSR Eyedrop

Treatment

25HC Eyedrop

LOCS: 0      


Eyedrops




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