What educational, entrepreneurial or business development programs, if any, have you taken advantage of?
Ann Arbor SPARK and BIOTECHNOLOGY Business Consultants
programs.Who was your first customer and where did you find them?Abbott
, which we had an established relationship with through the University of Michigan.Where did you find your first employee?University of Michigan Office of Tech Transfer
.Have you promoted an intern to employee status, and if so how many times have you done it?
We have not.Where have you turned to find capital to grow your company and which institutions have provided it?
We launched with seed funds from Ann Arbor SPARK
. In 2007 Compendia Bioscience was awarded $2.4 million SBIR Fast Track Award from the National Cancer Institute to support the project entitled Development of Oncomine Professional as a Platform for Biopharmaceutical Research and Development. In 2009 Compendia was awarded $1.75 million from the Michigan's 21st Century Jobs Fund, along with matching funds provided by private investors. In 2010 Compendia was awarded $1.3 million in SBIR Fast Track funds to incorporate micro-RNA data and analyses into the Oncomine platform.What are some of the advantages to doing business here?
The industry and scientific talent in Ann Arbor is phenomenal.It's often said that Metro Detroit and Michigan need to reinvent their economies to be competitive. Are we making those changes, and if so are we making enough of them or doing it fast enough?
In general, we have an excellent labor pool, which is key to our success. If the life science community were stronger, then it would be considerably easier to attract outside talent.