{"id":7524,"date":"2016-08-30T09:59:09","date_gmt":"2016-08-30T07:59:09","guid":{"rendered":"http:\/\/news.embl.de\/?p=7524"},"modified":"2024-03-25T10:24:06","modified_gmt":"2024-03-25T09:24:06","slug":"1608-marc-zabeau","status":"publish","type":"post","link":"https:\/\/www.embl.org\/news\/events\/1608-marc-zabeau\/","title":{"rendered":"Fundraising dimensions"},"content":{"rendered":"\n<p>In this \u2018century of the life sciences\u2019, researchers are increasingly supported by governments, funders and private citizens to address some of humankind\u2019s most pressing challenges: preventing famine, mitigating global warming, protecting biodiversity, sourcing safe and renewable energy and meeting the biomedical needs of an ageing population.<\/p>\n\n\n\n<p>The inaugural <a href=\"http:\/\/www.embl.de\/training\/events\/2016\/LSF16-01\/\">European Conference of Life Science Funders and Foundations<\/a>, which took place in April, included talks from Leroy Hood, Tim Hunt and Mark Walport, and brought together life science researchers with representatives from business, foundations and research funding across Europe. The programme covered not only how research is changing, but also how funding is adapting in response \u2013 and what needs to change for Europe to remain competitive.<\/p>\n\n\n\n<p>The scale and complexity of these challenges demands a long-term view, and participants at the event heard a wide range of perspectives on the issue. Delegates at the conference discussed emerging schemes and explored how new models of financial support \u2013 underpinned by entrepreneurship, philanthropy and private investment \u2013 could be used to greatest advantage, transforming discoveries into meaningful applications.<\/p>\n\n\n<div class=\"vf-box vf-box--normal vf-box-theme--primary\">\n<h2 class=\"vf-box__heading\">Marc Zabeau: Europe needs more entrepreneurship<\/h2>\n<p class=\"vf-box__text\">\u201cIn Europe, we have great ideas and excellent scientists,\u201d says EMBL alumnus Marc Zabeau, who moderated a session of experts from venture capital and investment firms on \u2018Coping with complexity and keeping European biotech competitive\u2019. \u201cBut we\u2019re missing the financial strength that the US ecosystem has. We\u2019re also short on entrepreneurship.<\/p>\n<p class=\"vf-box__text\">\u201cYou need an ecosystem to build a biotech industry, and this takes more than one generation,\u201d continues Zabeau. \u201cYou need a critical mass of talent with young graduates who are excited in this field, you need entrepreneurs, and you need to learn from success stories.\u201d<\/p>\n<p class=\"vf-box__text\">Private investment and innovation can be risky \u2013 something that Zabeau has experienced first-hand. Within five years of leaving his position as an EMBL group leader in <a href=\"http:\/\/www.embl.de\/research\/units\/cbb\/\">Cell Biology and\u00a0Biophysics<\/a> (1978\u20131983), he had built his own biotech services company. He soon realised that interest in his products did not match people\u2019s willingness to pay for them, and the company went bankrupt. \u201cI didn\u2019t see this as a failure,\u201d Zabeau says. \u201cYou have to make this kind of mistake once in your life to understand what entrepreneurship is all about.\u201d<\/p>\n<h2 class=\"vf-box__heading\">Serial entrepreneur<\/h2>\n<p class=\"vf-box__text\">Rather than letting it stop him, Zabeau\u2019s experience pushed him to become a serial entrepreneur. In 2012, he founded Qbic, a venture capital fund that aims to transform technological discoveries in universities and research institutes into sustainable business \u2013 and he is optimistic European science can rise to funding and investment challenges. \u201cThe future is bright,\u201d he says. \u201cThe generation of my kids is more entrepreneurial than their parents. There are now more opportunities at universities. The number of companies created by young people now is amazing. Hence, I believe we can be competitive with the rest of the world.\u201d<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Alumnus and entrepreneur Marc Zabeau speaks at inaugural Life Science Funders and Foundations event<\/p>\n","protected":false},"author":43,"featured_media":7556,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[17595,4],"tags":[80,92,43,71,60],"embl_taxonomy":[],"class_list":["post-7524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-connections","category-events","tag-alumni","tag-event","tag-heidelberg","tag-industry","tag-science-and-society"],"acf":{"article_intro":"<p>EMBL\u2019s Heidelberg site hosts the inaugural European Conference of Life Science Funders and Foundations<\/p>\n","related_links":[{"link_description":"European Conference of Life Science Funders and Foundations","link_url":"http:\/\/www.embl.de\/training\/events\/2016\/LSF16-01\/"},{"link_description":"Marc Zabeau, Qbic Fund","link_url":"http:\/\/qbic.be\/team\/marc-zabeau\/"}],"article_sources":false,"vf_locked":false,"featured":false,"color":"#007B53"},"embl_taxonomy_terms":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - 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