mentoring, consulting and counselling for biotech management and boards
DESCRIPTION
Mentoring, consulting and counselling for biotech management and boards. Introducing the services of BioMentoring Australia. BioMentoring Australia. Established by mature ex and current biotech CEOs with international experience Partners: Tom Williams – Glaxo, HSBC, BioDiem - PowerPoint PPT PresentationTRANSCRIPT
Mentoring, consulting and counselling for biotech
management and boards
Introducing the services of BioMentoring Australia
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BioMentoring Australia
Established by mature ex and current biotech CEOs with international experience
Partners: Tom Williams – Glaxo, HSBC, BioDiem Rudi Michelson – Monsoon
Mentors: Peter Molloy – Pharmacia & Upjohn, Biota Ian Nisbet – CSL, Millennium, Xenome
Tom Williams – Glaxo, HSBC, BioDiem
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The challenge and promise of biotech in Australia
Below Tier 1Promising projects (not yet products) and
• Funding issues• Sub critical mass company size• Management and board capabilities• Investor education challenges• Local infrastructure and support service gaps
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A new set of support services for biotech management and boards
• Mentoring for CEOs and other execs• Consulting on a range of topics • Interim CEO services• Meeting services• Career conversations• Database of Director candidates
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Mentoring for CEOs and other execs
• Biotech CEOs have a particularly broad and demanding set of competency requirements • Peer-to-peer mentoring from independent ex and current CEOs can make a difference to individuals and companiesResearch undertaken at Monash during Postgrad Mentoring and Coaching course identified:• Leadership qualities• A Set of Competencies
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Mentoring
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Mentoring can help to adapt
Mentoring can help to develop
Influences on effective leadership and management
Desirable characteristics for a biotech CEO
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Qualities
• Perseverance• Vision• People person• Effective communicator• Emotional intelligence• Authenticity
Competencies
• Technical skills• Interpersonal skills• Conceptual and analytical skills• Communication skills• Decision making skills• Self management skills
Desirable qualities for CEOs are similar outside of biotech – but many of the competencies are specific to biotech
Biotech CEO competency requirements
• Technology assessment – of the science, the IP, the market potential and its value
• Business plans/models/strategy/goals/execution• Entrepreneurship• Communication: Fund raising/Angel/VC/IPO• Drug/device development/project management a) preclinical, b) clinical, c) regulatory• IP management• Valuations• Negotiating/Licensing/other legal matters
Even a partial list stretches the bounds of what one person can be expected to be competent at
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Competency requirements cont.• Board matters• Investor relations• Financial management• ASX Reporting/Governance• Alliance management: academic, industry• Mergers and acquisitions• Business and staff management, cultural change• Risk management/problem solving/decision making• Personal productivity/balance
Even the competencies that appear general to all businesses often turn out to have specific biotech relevant operating principles for their effective management
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Mentoring for biotech CEOs
• Any CEO has a tough job – particularly biotech• Australian biotech companies are too small for internal mentoring• There are benefits from having an external mentor – detached from close involvement and the review of CEO performance• Appropriate independent senior or ex biotech execs can provide both competency related mentoring and an experienced ‘sounding board’ for CEOs to benefit professional development and company performance
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Mentoring topics• Assessing personal strengths and expanding competencies• Specific life science learnings about fund raising• Negotiating licences, M&As, migrating business models• Strategic issues for drug or device development and for IP• Counselling on company strategy, goals and execution• Productive relationship management – with boards, staff,
academics, industry partners and investors• Project and business risk management• Coaching on behaviours for performance improvement
and professional development• Acting as a confidant in times of crises, or opportunities
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The mentoring process• Selecting a mentor• Written agreement – goals, guidelines• Induction• Mentoring for a defined period – generally
for 6 months• Reflection and evaluation• Refinement or separation • Oversight of process
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Consulting servicesCurrent and ex biotech CEOs are available for a
range of consulting services including:• Reviewing and reinvigorating Business Plans, Vision
and Strategy• Market and business case assessments• Prioritising and valuing product pipelines• Licensing and other partnership transactions• Mergers and acquisitions• Effective presentations and alternatives for capital
raisings• Leadership coaching and cultural change
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Interim CEO servicesEx biotech CEOs are available for short term
assignments• If you need someone to step in for 2 to 6 months
while you’re reassessing the business or searching for a new permanent CEO we can help
• Ex CEOs have real experience in business planning and commercial strategy, international licensing and partnership transactions, fund raising and other critical functions
• Ex CEOs are currently available in Australia and the USA
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Meeting servicesEx biotech CEOs are available for key meetings• If you need someone to facilitate an important meeting
we can help, for example at:• Annual strategy meetings – to act as an independent
facilitator guiding debate, or an independent observer providing experienced opinions at the conclusion
• Issue resolution meetings – to facilitate a discussion about concerns where there are differences of opinion, leading to resolution and a more productive future
• Problem solving or brainstorming sessions - where an appropriate outside point of view can expand thinking outside the group’s current paradigm
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Career conversations (for CEOs and other execs)
Current and ex biotech CEOs are available for conversations about your career
• If you want to have a confidential discussion with someone about your current job or your next job we can help
• Such conversations can include assistance in assessing your competencies, identifying strengths and how to maximise career opportunities based on those strengths. For non CEOs, insights into what it takes to be appointed as a CEO, or what CEOs look for when making appointments to other senior positions, or what the right niche for you might be
• Conversations can also provide assistance with resolving issues at your current workplace and finding a satisfactory work/life balance
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Database for Director candidatesWe’re providing a free service for experienced people who are
interested in being considered for company directorships• The site will be a source for any biotech boards to search for
new non-executive directors• Write to us with a half page biography and photo with full
contact details if you wish to be listed• At the end of your bio, list in order of priority the top 6 areas of
your expertise from the following: accounting, clinical trials, commercialisation, communication, drug development, device development, fund raising, governance, human resources, innovation, IP, legal, licensing, management - biotech, management – other, mergers and acquisitions, regulatory affairs, scientific research, strategy
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BioMentoring Australia
Purpose: support individuals,
improve organisations and build industry capability
Contact: Tom WilliamsPh: 0419 868 911
Eml: [email protected]
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