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Christian Tidona, Managing DirectorIn 2012, Christian Tidona, Managing Director of BioMed X witnessed a tremendously high failure rate of biomedical start-ups worldwide, a majority of which were failing because their research results did not generate sufficient interest of big pharma companies. Tidona collaborated with Ulrich Betz, Vice President of Innovation at the German Merck’s Biopharma Division and Bernhard Kirschbaum, who was the Global Head of Research & Development at the time. They embarked on a concept for a ‘boot camp’ that brought together young talented academic scientists from around the world to participate and contribute toward innovative ideas in biomedicine. Thus began the journey for BioMed X, which grew on to become the ground zero of interdisciplinary project teams conducting exceptional biomedical research in an open-innovation lab facility on the campus of the University of Heidelberg. Under the guidance of experinced mentors from academia and industry, these teams expand their scientific network and recieve training in entrprenuership and leadership.
A Unique Program
For the founder of BioMed X, the first endeavor of developing the BioMed X program was to ensure the three different success factors to increase the probability of success in innovation. First one was ‘the local density of talent.’ The second was the ‘local diversity of talent’ - which meant having different people in one spot that look upon the same problem from completely different perspectives and lastly the third one, which was having a local environment, that is conducive to innovation, where scientists can experiment without the fear of failure and administrative burden.
We are trying to bring together the best of two worlds – the freedom of curiosity-driven research, and a strict focus on products and deliverables in an environment that can foster unparalleled innovation
At Heidelberg, the selected individuals participate in a ‘five-day-long’ boot camp as they associate into five competing groups that are provided with appropriate mentorship to convert their initial ideas into a full-fledged project proposal. On the last day, the shortlisted candidates present their proposals in front of the jury, which usually consists of senior management of a sponsoring pharma company that decides the ultimate winner of the boot camp. The winner then receives a research budget between 3 and 4 million Euros for a project period of up to four years in Heidelberg. “Through paying a pre-negotiated fixed success fee, the sponsoring pharma company has the first right to acquire all the intellectual property (IP) that came out of the project otherwise the IP stays at BioMed X,” states Tidona.
Testaments of Success
Citing some of the successful projects that came out of BioMed X, Tidona mentions German Merck’s project on the topic of the immuno-suppressive microenvironment of tumors that focused on one specific cell type - myeloid-derived suppressor cells (MDSCs). These systems are currently used by Merck to identify novel compounds that can be used to control MDSCs and ensure that the immune system can recognize tumors. Another successful project by BioMed X was in the field of diagnostics, where the company collaborated with Roche Diagnostics to create a next generation point of care diagnostic. The new diagnostic was required to be a low-cost and easy-to-use disposable, which can measure all kinds of analytes in the blood of patients fast, reproducibly and with high accuracy. Within only four years, BioMed X’s project team was able to successfully design an entirely new field effect transistor layout, which checked most of the boxes in the list of criteria. Currently, this intellectual property is being transferred to Roche Diagnostics, which might take the project from an early prototype stage to a scaled up, novel point of care diagnostics platform.
Currently, equipped with around 60 employees working across a 2000 square meter lab facility situated in the heart of Europe’s largest biomedical research campus, BioMed X is focused on getting Heidelberg to critical mass. The company also plans to execute on its scaling strategy of moving into other technology fields such as such as medtech or health IT. BioMed X has been creating early IP for big corporations for more than five years now as the company looks forward to further developing this successful innovation model. One of the option could be to use BioMed X’s crowdsourcing process as a targeted approach to produce more startups that can fill specific gaps in the portfolio of venture capitalists. “At the end of the day, we are trying to bring together the best of two worlds – the freedom of curiosity-driven research, and a strict focus on products and deliverables in an environment that can foster unparalleled innovation,” concludes Tidona.
