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Womack agrees: “A lot of biotech is done virtually until the human clinical testing stage.” He confirms that NanoVec spent about 50%of its cash flow in outsourcing its lab work and about 40%in legal fees to protect intellectual property. And a summer 2008 study by biotechnology analysts with the investment firm Turner Investment Partners in Berwyn, Pennsylvania, revealed that contract and clinical research outsourcing is projected to reach $29.4 billion by 2011, up from $16.3 billion in 2006.
Medical devices in demand
Further advances in surgical apparatuses and the discovery of safer and more flexible synthetic materials for implanted equipment are among the factors driving the growth in medical devices, according to Matthew Gardner, president and CEO of BayBio, a life science advocacy group in San Francisco.
“A lot of investment is going into high-reliability devices such as circuit boards and mainframes for medical devices that are not likely to be outsourced,” says Julian Harris, a research analyst with the consulting firm Frost & Sullivan in San Antonio. “These devices are found in minimally invasive surgery equipment and cardiovascular regulatory devices and have stricter quality standards.”
Gardner says that even in a bad economy, the development of new equipment remains resilient because product development takes a great deal longer than an economic cycle. And research funding from government agencies, such as the National Institutes of Health, that sustain medical research allows such development to continue on a positive growth curve. However, he adds that regulatory processes significantly prolong the time-to-market.
“Diagnostic devices often enjoy faster returns on investment and less regulatory restrictions than devices for surgery or treatment,” Gardner says.
I have an ultrasonic rodent repeller which I designed. It works pretty good. I mass produce them myself in my house. I have sold over 40 machines here in ny with a 95% good feed back from my customers. I need help in getting these machines on the market. Can you help me?
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Derrick McArthur Reply:
January 9th, 2009 at 9:18 pm
@robert simpson,
Hello Mr. Simpson,
My name is Derrick McArthur and I am a Public Relations consutlant and co-owner of PowerDriven Communications in Washington, DC. PowerDriven specializes in Intellectual Property marketing and promotion, and I read the comment you post on BE and was wondering if you were interested in marketing your product here in the DC Metro Area. If you recieve this message, please get in contact with me as soon as possible. My email is powerdriven@hotmail.com
I really hope to hear from you soon.
Best Regards,
Derrick McArthur
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I would like to share to the many entrepreneurs out there that energy is a great industry to get into know. There is becoming an increasing demand for it and it's a great opportunity to build wealth and be in total control. Specifically you capitilize on the deregulation of energy. There is a transfer of weatlth that is taking place and it's 500 billion opportunity that is up for grabs. Individuals with the drive and vision or able to get a piece of the pie. Don't miss out http://www.energygoldrush.com/kdawkins This opportunity is perfect for entreprenneurs because you are to leverage your money and not trade time for money.
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@robert simpson,
My name is Derrick McArthur and I am a Public Relations consutlant and co-owner of PowerDriven Communications in Washington, DC. PowerDriven specializes in Intellectual Property marketing and promotion. Have you thought about marketing in the DC Metro Area? If you recieve this message, please get in contact with me as soon as possible. My email is powerdriven@hotmail.com
I really hope to hear from you soon.
Best Regards,
Derrick McArthur
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I was wondering, I'm trying to go into business for myself, one day. I have a(n) degree in Funeral Service Administration. Could you please e-mail me a phone number for the enterpreneurs starters kit. The blackenterprise.com/starterkit site is down, and I'm trying to find out how to get one.
Thanks!!!!!!!!
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No I haven't. I don't have time right now!!!!!
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I read the news about video conferencing been installed in hotels. This is very useful for Diplomats and VIPs to keep them up to date with their routine work back at home.
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Hi my name is Corey Cooper i am From Mobile,Al i am a young inventor looking for some start up capitol as soon as possible. I own a patent to a safty product that will save many lives. I promise if you seen you would beleive. My Contact info is 251-432-0606 or 251-509-3229.
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I'm looking for a company interested in taking our product to market. It is a medical devise for women that has a Utility Patent on file with the U.S. Patent and Trademark Office. We are a start-up company lacking core competencies/resources that would allow us to develop scale. If you're looking for a great product idea that is also considered appealing to the global market, please contact me directly.
(440) 409-1891.
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As a welder since 1995 this is a trade that is still seeing a shortage in the work force. I am looking for investors in a welding school that would specialize in tig welding of aluminum and stainless steel. This is primary in the production of solar systems and wind power production. Not only would i train them but also assist in employment. This is a trade that has many opportunities for women and young people of all races.
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applications that increase efficiency, reduce operating costs, and streamline business processes will always have a market.
I agree. This is why we created a self service ad platform called trafficspaces.
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My Name is Terrell Clayton, I am a college student stationed here in Miami, Florida and I really want to own my own business. I am a strong believer that I should'nt attend college for four years just to work for someone else. I am a broadcast journalism major and I believe that I have a great idea that will promote young people in the inner city that has great talent but not enough resources to market themselves. My problem is that I dont know anything about writing a business plan or where I will get the capital to start this company. All I am asking for at this time is some advise on where I should start.
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Q Reply:
September 8th, 2009 at 9:06 pm
Terrell,
How you doing man? Im in miami as well. Ive acquired quite a few businesses over the years. Two things that i can tell you to help you. 1) join your local chamber of commerce, as a great networking source, and 2) theres different ways to go about your business plan, but i will say, be very careful if u decide to have someone write it for you for a variety of reasons! I know! I learned the hardway.
Hit me up, we may can politic and work some things out. Im currently in school too, but maybe we can collab on some ideas, who knows.
Ttyl
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Q Reply:
September 8th, 2009 at 9:07 pm
Slottaceo@gmail.com
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Hi, I can
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My partner and I have an adolescent counseling program. We work with boys ages 13-25 and soon girls the same ages. We do youth enrichment, empowerment, activities, mental health and substance abuse wrap around case management services. We have been in business for about a year and a half but out of our own pockets. I write grants, bids, RPQ's and RPF's and am exstaticly exhausted from writing. What other ideas do you have to help us locate funding for this arena. We have pretty much covered most rocks and stones that we know of such as contacting our law makers in Arkansas, wrote a email/letter to the President and First Lady, contacted banks, charitable committees and etc. Please direct us further to winning more grants, contracts, and funding. Thanks, Pamela Randolph & Robert Myles, Jr.
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My partner and I have an adolescent counseling program. We work with boys ages 13-25 and soon girls the same ages. We do youth enrichment, empowerment, activities, mental health and substance abuse wrap around case management services. We have been in business for about a year and a half but out of our own pockets. I write grants, bids, RPQ's and RPF's and am exstaticly exhausted from writing. What other ideas do you have to help us locate funding for this arena. We have pretty much covered most rocks and stones that we know of such as contacting our law makers in Arkansas, wrote a email/letter to the President and First Lady, contacted banks, charitable committees and etc. Please direct us further to winning more grants, contracts, and funding. Thanks
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My name is Mareese L Johnson. I have recently launched my own website armorwear.org. I specialize in Christian and custom designed apparel. I'm trying to learn ways to get my website advertised without going bankrupt. Also, how to get stores interested in carrying my line.
Thanks
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HELLO BE MY NAME IS ADAJ PERRY, I WAS READING BRIEFLY THREW THE ARTICLE YOU HAD ON FINANCING FOR ENTREPRENEURS, IT TOLD ABOUT THE INDUSTRIES THAT THEY NORMALLY GO FOR, BUT I WAS LEFT STILL AT A LOST, I'M A FASHION DESIGNER WITH A REALLY ECLECTIC CLOTHING LINE, I HAVE DRESSED RECORDING ARTISTS, BUT STILL HAVE YET TO ESTABLISH FINANCING OR PARTNERSHIP, COULD YOU PLEASE DIRECT ME INTO THE RIGHT DIRECTION, SIGNED DESPERATE DESIGNER.... PLEASE I NEED HELP...
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Hello my name is Occonor Baker, I am an independent Amsoil Dealer, (the leader in synthetic oil) I am interested in starting a mobile oil change business, i already bought a vehicle, all the tools and equipment needed, I would like to know how i can get the funds or any help for marketing and advertising, i have a degree in Automotive Engineering, which helps me a lot because i am very familiar with the process of my field. How can i get commercial contracts? how do i supply large fleets with my products/ service? Please help me get my business off the ground.
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I am an event planner and have come up with a unique bridal show for brides with larger brides. The bridal market is one of the few markets not impacted by the recession and is multi billion dollar business. The banks are scared to lend and were advised to seek out an investor. We are in need of a minimum 40k investment; however, we are having challenges finding an investor to invest because its not real estate, technology, or biotechnology. We have a sound business plan and 35% rate of return. Please contact me if you are a potential investor interested in more information.
Send inquiries to info@intimatedetailsinc.com
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I am an event planner and have come up with a unique high end bridal show for brides with larger budgets. The bridal market is one of the few markets not impacted by the recession and is multi billion dollar business. The banks are scared to lend and were advised to seek out an investor. We are in need of a minimum 40k investment; however, we are having challenges finding an investor to invest because its not real estate, technology, or biotechnology. We have a sound business plan and 35% rate of return. Please contact me if you are a potential investor interested in more information.
Send inquiries to info@intimatedetailsinc.com
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Hello!
I have a patent for a severely attractive bag designed to store female's intimate products; oh so neat and discrete! Looking for Commission Salespersons!! Salespersons with experience selling to hospitals or hotels, high end boutiques, military, girls camps, drugstores and international soft product buyers preferred. Interested? Contact thefemibag@yahoo.com
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Hello. My goal is to own a Concrete Recycling Business. I have had a business plan for some time. I have researched this business and actually operated a business like this for fou (4) years, worked there for a total of six (6) years. I was a material specialist for 91/2 years before tha. In this business, you would collect concrete from demolished houses and buildings and crush it into crush & run stone that can be used for foundations, driveways, and to raise land. My husband is a heavy equipment operator who has operated all the equipment in this business for over eighteen (18) years. Our problem now is finding financing. We only get the run around---nothing that we could use to get us pointed in the right direction. Anyone know we need to do next? Any help is appreciated. Thanks, Sarah Davis
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To my knowledge,I am the only minority (Black) who manufactors car wax.The car wax industry is a $500 million dollar a year business.There is a 18 to 35 year old market that has not been targeted,I have the passion and the vision to accomplish this goal. If there is a venture capitalist looking for a viable business venture,I will appreciate any leads.
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Hello Future and Present Millionaires
I am a 25 year old young entreprenuer who has started my own Branding company called Clear Vision Marketing or CVM. My company specializes in expanding brands through untraditional marketing concepts, and my target clientel will consist of All National Multiracial and Traditional Greek Organizations,NCAA,MLB,NHL,NFL,and the NBA . I seek Open Minded and Profit Driven investors looking to make up to 100%, 200% and 300% ROI. Please don't let this opportunity pass you by, because Clear Vision Marketing will be millionaire business by the end of 2010. Please contact LaRon Moore at 678-516-3044 or email me at laronmoore@gmail.com for more exciting information.
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Mr. Moore This sounds like a plan, I'm interested in learning more about your company, I'll be in touch with you this week.
-Keep up the Good Work Young Man
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100%, 200%, 300% ROI Are you serious, I gotta hear more about this young man, sounds like you got some serious plans at the returns you quoted!
I want to see your plan and learn about your company sir. Expect an email by 4:00 ET
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What investor wouldn't want these ROI'S LaRon!
seems like your building a little buzz on BE, I too want to see your Business Plan..who knows with that Target clientel it seems like you might have something?
I have a partner in Branding and he's in California doing Very Well, Let's see what you got!
- Jonathan Krane
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I am a 50-year-old African American male who would like for you to consider my story as a part of a regular feature in your magazine to inspire your readers.
I know firsthand about the need for healthcare and how expensive it can be. I had bad eating habits. I ate what I wanted, when I wanted, and as much as I wanted. As a result, I was diagnosed with Colon Cancer on March 31, 2005, where eighteen inches of my colon was removed. So, after months of radiation, chemotherapy, surgery, and then more chemotherapy, I became one of the fortunate ones, a cancer survivor. Thanks to the successful treatment I received from doctors at Cedars-Sinai Medical Center, I believed I had been given another chance to change my lifestyle for the better. I am convinced that if I had cleansed my colon, I could have saved over $350,000 in medical bills and this would not have been my story. My goal now is to help people avoid the pain, discomfort, and costs of cancer treatment. This is what inspired me to design and market the Lifedriven Cleanse the only all natural, antioxidant-enriched colonic and body detox treatment that is specially formulated by a Colon Cancer Survivor.
The idea behind cleansing your colon is to remove toxins, boost your digestive immune system, help you lose weight, and increase your energy. Because of the rising costs of health care, 47 million people in this wealthy country have little or no healthcare coverage at all. Colon cancer kills 17% more African Americans each year, than whites, despite its preventable nature. I challenge every American, especially African Americans, in 2010 to cleanse their colon. By eliminating toxins from the body you help reduce the risk of preventable disease and thereby, help lower the costs of healthcare.
By sharing this story, I hope to help decrease the diagnosis of preventable diseases in African Americans
Chris Angelo Word
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Hello:
I want to find out how I can license a concept that is currently in existence in the medical arena. The concept will expand the market use and boast sells. However, I want to protect
My concept for this existing product, you help on this matter is greatly appreciated.
Martha Collier
mcollier@northwestern.edu
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Hello Black Enterprise
I am working on a Womens Talk show to uplift Inspire many Women. what kind of advice would you give me to get sponcers for my show? and what would some topics you could suggest?
I have many Women and Men who want to share their stories with the audience. My show is to some how build up a stronger Women to come together and talk about life inspiring one another.
Your input would be greatly appeated
God bless, Tia
hefilms7@yahoo.com
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Greetings,
I am the Publisher of AABoomers.com, an on-line magazine for and about African American Baby Boomers, those born between 1946-1964.
I would like assistance in increasing the number of readers to our site monthly, which would in turn help us monetize the site.
Our demographic of 9.1 million has the spending power of over $200 billion and represents the bulk of the Black middle class.
Our goal is to have 10-25% of the demographic as regular readers each month.
I wpild greatly appreciate your input and look forward to hearing from you.
Thank you,
Lois-Ann Clark
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I am a professional software developer with over 10 years experience developing desktop applications and web applications. I reviewed your site after reading your post and the first thing that I notice about your website was the look and feel. The look and feel of site did not appear to be professional looking. Secondly, there is anything that brings the user back to site (stickiness effect). So, I think if you had the site redesigned and added something that keeps the users involved and coming back to site you should have better success monetizing the site.
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Oh well, my colleagues have introduced an women's handbags discount online store. They said that price and quality are very good. Can you give me more suggestions?
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We have certainly seen a substantial increase in funding for these fields, however one thing that this article failed to mention is many VC are beginning to focus on synergies between these different industries, allowing you to leverage the growth of more than one of them.
One great example is m-commerce or mobile commerce. Here you are combining both software and telecommunications and then making it mobile. Our company FanGo Software Systems has been is this space for more than 5 years, but we now see growth between 300-500% per year. Look for m-commerce to become a major industry in the near future.
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My name is Kim and I'm interested in opening my own business. I have been making natural skin care products for two years now and getting very good reviews from customers and family friends. However Im ready to go main stream and really branch out, unforunately I know nothing about running a business and marketing my brand. If I can get some pointers on how to grow mu business i would deeply appreciate it.
Thank you
Kim Moore
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Hello, JESUS JUICE COATURE is a premium, urban outerwear collection started in Harlem 2009. Our pieces consist of choice leathers, suedes and fabrics distinctly unique to any other brand in the marketplace. We are interested in dynamite PR consultants who will create extreme awareness for JJC. In addition to PR reps, we are interested in meeting with cutting edge boutique and store buyers WORLDWIDE. Please log onto http://www.jesusjuicecoature.com AND Google us. Due to our inability to patent or trademark designs, we have purposefully limited our pieces on our site until we are physically in stores. Contact us for look books and showings. Thank you.
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