Services for Business Incubators
Business Incubators are to start up/early stage companies as water is to fish - a very necessary and vital natural resource. By providing space that is tailored for these companies at an affordable rate, some operational and financial guidance, along with contacts and networking support, your tenant companies are much better positioned for success. As a former startup healthcare entrepreneur, I am well aware that management guidance and money are the two main drivers of success.
Third Trimester was formed to compliment an incubator's program by providing an additional linkage to management, investment and industry contacts. We would welcome the opportunity to assist your efforts in any way you may deem appropriate. If you would like to learn more about our services, allow us to participate in an executive forum or industry round table for your biotechnology, healthcare and life science tenants. please contact us. A brief summary of our services for incubator housed companies are listed below.
Early Stage Funding
Third Trimester's approach to the venture market is unique. By using our management interactions as a filter, we identify organizations that have the technology, teams and discipline to be successful. These are the companies that we look to invest in by providing early stage angel funding. This approach provides a seamless transition for early stage funding and allows for little to no interruption from the business development focus. Our early stage investments range between $100,000 and $500,000.
Interim Executive Management
Early stage biotechnology, life sciences, and healthcare companies often need interim management support as they transition into an operating company. During this transition period, the type of management support needed depends upon the required short-term objectives. Some organizations need an experienced interim CEO to provide an executive presence to assist with investment development. Others may require operational management support as they launch manufacturing and marketing efforts. Still, others may need financial management support via an interim CFO to assist with the development of good financial reporting and disciplines.
To meet these needs, Third Trimester has developed a stable of former corporate executives and entrepreneurs who have the bandwidth of knowledge and experience to provide leadership and guidance to early stage biotech and medical device companies across all functional, creative and operational areas.
Strategic Consulting
There is no shortage of "strategic consultants" today. Third Trimester takes the view that while the development of strategic goals and objectives is important, it is the execution of the strategy that creates results.
Third Trimester will not only assist in developing a short term and long term strategic plans, but will work with our client companies to execute the strategy. Due to our experience in the biotechnology and life sciences arena, we are uniquely positioned to provide leverage and support from a wide area of resources that are available. From universities and corporations to state supported development funds and grants, we will help maximize the opportunities that are available to our client companies to achieve strategic success.
As former entrepreneurs and senior corporate executives, the Third Trimester team knows how to balance creativity, inspiration and risks with financial discipline, operational focus and resource leverage to help our clients create and deliver results. Because of our collective experiences, we are able to facilitate the building of corporate relationships and resource linkage.