Poland is now symbol of innovation and PFR Ventures – operates fund of funds, offering financing for innovative SMEs.
They are looking for GP teams that will be able to rightly manage technology investments and raise funds to match their stake into the venture. Following successful DD process we are fundraising with an excellent team of local managing partners. See Redbreek Investments Sp. z o.o.
Poland is growing faster then other EU countries and there is good base to build a winning life science cluster. ±€5 bil in pharma/y, ±€1bil in medical devices/y, 8000 local life science companies, about 1000 Hospitals and 20k clinics or 6H beds /000 (2x than the USA and 1.5x then CH) is a good start. Bioengineering MSc degrees are issued in english in more than one University and this adds more skills and specialized staff in the market; however all this needs a boost as there is yet not enough concentration of interconnected businesses, free contractors, associated institutions and startup wins to evidence a clear self regeneration. Some of Poland new round of grants (±€5 bil /year in development) could help if intentionally directed to this sector and partially adapted to the special requirements life science early stage projects need to achieve commercialization.
Eliza Kruczkowska, Shimi Azaria, and David G. Vita; moderator: Roi Ben Daniel.
Poland’s Emerging Biotech Sector: The Time Is Right for Startups
Poland has Billions of € to be granted for innovation; such money must be spent in Poland and you need to open a “nexus” (Polish R&D subsidiary). This is good for Poland, and will increase foreign direct investments (FDI), and for the Israeli companies that can find matching R&D skills there. We are now launching the first “nexus” to develop a small non-invasive ear-VNS treatment of cognitive impairment degeneration / Alzheimer’s Disease @ Home.
Animal studies are conducted in Lodz. .. http://pulsinnowacji.pb.pl/4638514,20557,ojciec-start-upow-inwestuje-w-polsce
opened new Poland Ventures offices in: Natolin 15, 92-703 Łódź, Poland
Makwa is in tight business contacts with Polish and Israeli technology managers to raise funds from BSD GROWTH a self managed fund based in Gibraltar. Our role will be as a GP running for PFR Venture & NCBiR tenders in Poland while (if winners) use the BSD GROWTH Fund as a support investment vehicle (LP) to choose, manage and escort the targeted companies from as early as a post proof of concept (POC) stage well through the commercialisation stage and possibly to exit.
Yigal Erlich, Adam Broncel and David Vita @ Bioforum in Lodz 2016
…we are experienced interim managers that work in the trenches with our customers. Our independent high ethical standards, continuous search for innovative thinking combined with a inside-out implementation process is at the base of our success ! …
....we push your business beyond its current boundaries.
We tailor services with the main goal being the management of change and distinguish between several type of business services. Our experience is in both old and new economy segments. To receive a short presentation on Makwa please write us a few words: firstname.lastname@example.org
Makwa officially represented in Israel the State of Massachusetts and Massport for many years and with the unique support of the NEICC pushed Israeli companies to invest their future on “Rd128”. “Massachusetts was the trailblazer as the first US state to open a representative office here for trade and investment promotion under the auspices of the Massachusetts Office of Trade & Investment, a cabinet position of then governor William Weld with David Vita acting is the officer’s local director.
(Link to full Report) For Massachusetts the investment here paid off handsomely”.
David quoted to say: “For every dollar’s worth of intellectual property a foreign company brings to the country (the value of which is determined by authorities), the government provides $3 in grants. And they are really interested in Israeli technologies,” http://www.timesofisrael.com/israel-poland-ready-to-do-business-despite-past-expert/
… from receivership to the TASE in 14 month for a medical equipment company dealing in the optimization of acute kidney care and fluid management.
….and finally the company was acquired by Baxter in September 2013.
1. What is an interim manager ? He / she is like a samurai; bound by duty and honour.
2. Why should you hire a “samurai” for a business >> Because you feel (may still not know) you are heading towards a “change situation” that can be negative (a downturn) or positive (new business development, new financing…)
3. When should you hire the samurai ? >> Before the problem arises.
4. How should you choose samurai ? >> Essentially, we are talking about a person that would excel in his assignment and from day one push out of his/her own boundaries: honest, transparent with a hands-on approach. You need to “feel” their potential to work out the details bottom up from the trenches while defining and making the change happen. Also they must be excellent in communication.
5. How do you measure the success ? >> By jointly defining and continuously refining the assignment parameters: financing raising amounts, sales increase, profitability increases, mitigation strategy potentials, new candidates, new suppliers or new potential customers fit to the business, etc… Finally the success should always be > 10x of the “hire” efforts (total expenses of the “hire”).
The Bushido Code
When you need to monitor a large corporation you also need to identify the right parameters and then make sure you are gathering the information bottom up. In a nutshell you need: 1) a process: to define the key performance measurements and design 2) a dashboard of the key indicators that will point and align the business to its goals.
Not forgetting that all this must be aligned into the guidelines and the corporate strategy of each SBU.
Helped finance and push unique innovative drug delivery device up to become a public shell.