The latest webinar organised by BaseLaunch provided practical insights into the key financial priorities for biotech start-ups. Our experts in M&A and CFO services, Dr Urs Breitenstein, Simon Marti and Georg Estermann, presented 43 practical and actionable financial tips to help biotech founders prepare for investors and avoid common pitfalls.
Tip #1: Choose partners who can scale with you.
You need partners who understand venture-backed biotech and can support you from incorporation through Series A and ideally to exit. You want to avoid switching providers mid-journey. Knowledge gaps and delays could hurt your fundraising efforts.
Tip #2: Use a Swiss bank with startup experience.
Look for a bank with a startup desk or biotech experience, full banking services and potential fundraising support. You’ll also want automation potential with your accounting software down the line.
Tip #3: Find a financial service partner who understands R&D-driven companies.
This partner handles all your accounting needs. They have to have startup expertise across all development phases, CFO service capabilities for seed and Series A support and the ability to scale with you.
You can find all further tips and advice here in the article.
BaseLaunch is the partner in the Basel region for the further expansion of one of the world’s leading life sciences hubs.