Today connectUS 2016 had the chance to visit the headquarters of Biogen in Cambridge, Boston. The company was founded 1978 in Geneva and therefore it is a company with Swiss roots in the biopharmical industry.
Nowadays Biogen has strong affiliates in 30 countries and 50 additional distribution partners around the world. The company focuses on three areas namely: speciality, neurodegeneration and rare deseases. Biogen does a lot of effort in the field of multiple sclerose, not only developping treatments to stop progression of the desease, but also to reverse the progression.
The approach of Biogen is always following three steps; discover, develop and deliver. To increase their capacity especially in the production of alzheimer drugs they started to build up a new site in Solothurn, Switzerland which should be finished in January 2017.
Founded on innovation and pioneering the site in Solothurn, Biogen perceive itself as a a game changer, and basing their key to innovation and talent focus which is in the end their road to success.
After their presentation the connectUS 2016 project team presented the project and gave additional insights about the dual education system in Switzerland. The morning ended with a Q&A session, where representatives of Biogen could ask us questions and some delegates had the opportunities to share their own experiences.
In the afternoon the connectUS 2016 delegation went to MassChallenge a nonprofit organization based in Boston that is specialized in supporting startups. Their goal is to make entrepreneurs win, thats why they grand access to an extensive network community of cooperators and facilities that cover all needs to establish a company. Being a non-profit organization means that it needs to be backed up with financial support. Among others corporations like Microsoft, Nestlé, Honda and Pepsico, as well as foundations and governments are supporters of MassChallenge.
To benefit from the facilities mentioned, MassChallenge selects every year 128 startups with a jury to participate in the companies four-month accelerator program. The startups need to pass 3 stages until they are accepted: the online application, the pitch and in the end the 12 weeks accelerator program. During the whole selection process the startups are accompanied by experts like mentors and almuni.
Furthermore we had the great chance to hear a pitch of Hitesh Tolani, CEO of Virtudent and the winner of last years MassChallenge competition. He talked with the delegation about his experiences during the competition and shared his personal and very specific recomendations of how to benefit most of a collaboration with an organization like MassChallenge.
Being placed in Boston gives the startups the advantage of benefiting from the ecosystem in all its extend. This year MassChallenge opened a new office in Lausanne, Switzerland additionally to its offices in Boston, UK, Israel and Mexiko.
The day ended with a reflection session where the delegation could share their thoughts with the project team about how they have felt during the onsite seminar so far.