What makes a successful entrepreneur | Dr. Philipp Baaske | NanoTemper Technologies

Welcome to the BCI Podcast, where we delve into the frontiers of biotechnology and innovation. Join Dr. Manish Kumar as he engages in a thought-provoking conversation with the visionary leader, Dr. Phillip Baaske, Co-founder and CEO of NanoTemper. From his humble beginnings in Bavaria to his groundbreaking work in revolutionizing disease treatment, Dr. Baaske’s journey is an inspiration.

In this episode, Dr. Baaske shares his insights on the intersection of biophysics, AI, and the fight against diseases like cancer and Alzheimer’s. His commitment to global innovation and unwavering advocacy for democracy and equality shine through his remarkable career. Learn about his zest for life, love for science fiction, and his latest quest to master the art of surfing.

Dr. Baaske’s accolades, including the German Founders Award and the title of ‘Top 40 under 40,’ speak to his impact on the biotech landscape. Tune in to gain valuable insights from this entrepreneurial luminary as he discusses his experiences and the remarkable journey that has positioned NanoTemper as one of Germany’s most innovative companies. Don’t miss this engaging conversation with a true pioneer in biotechnology and innovation.

#BCIPodcast #Biotechnology #Innovation #PhillipBaaske #NanoTemper #AI #CancerResearch #Alzheimers #GlobalInnovation #Entrepreneurship

Hello and welcome to biology career insights the podcast where we talk with experts from the field of biology to gain valuable insights into the careers and explore ways to navigate the job market in this ever evolving field I’m your host Dr Manish Kumar today we have a remarkable guest Dr Philip baser the

Co-founder and CEO of nanotemper he’s a visionary leader in the biotech World dedicated to revolutionizing disease treatment through biophysical and artificial intelligence based tools despite humble beginnings in a Bavarian Village Philip’s Journey led to him to found nanotemper a global biotech company his passions include developing cutting age

Tools for disease like cancer and Alzheimer’s promoting Global Innovation and championing democracy and equality Phillips Just For Life extens to his love for people learning and the beauty of life’s detail he enjoys running swimming soccer and science fiction and he’s even learning to serve academically Philip earned his diploma in biophysics from the

University of beuth in 2005 setting the stage for his remarkable career in 2008 he co-founded nanot temper Technologies gmba alongside Stef andur a company that has since made waves in the biotech wall Philip continued to shine academically receiving his Doctorate in biophysics from the Ludwick maximillan University in Munich in

2010 his accolades include being named one of Germany’s top talents under 40 receiving prestigious Awards and earning his Doctorate in biophysics we’re truly honored to have Dr Bas on our podcast today welcome to the BCI podcast philli and thank you so much for joining us today thank you too and

I’m very happy to be here with you and I’m looking forward to our conversation amazing amazing so let’s dive in straight away what inspired you to be a scientist and entrepreneur and how did you get started in the field it’s a very let’s say personal inspiration so my mother had the breast

Cancer also my youngest unle died because of breast cancer one of my good friends died very young with PR with cancer so as my family suffer so strongly from cancer I am very afraid of cancer but the other thing is also I don’t want to

Be a victim of the fate and the one thing is my mother has been saved by a truck is called Ruma 17 it’s a monoclonal antibody so it’s the biobase produ developed by R and this inspired me to end a biot field the bioh physics field and one thinking was okay I wanted

Do something I don’t want to be a victim of Fate what can I do can I develop a know truck and you all know how the how difficult it is to develop a truck absolutely you’re very very lucky you can develop one single truck in your whole

Lifetime so I was thinking what can I do and then I came to the idea about tools for scientists how about helping scientists a lot of scientists to do velop drugs and so is what we do now we have now more than 20,000 scientists using our tools to develop drugs also drugs

Against cancer but also against disease like Alzheimer and the think there really a big leverage do we really have an impact as we have 20,000 scientists be rock stars to be heroes will develop new trucks so I hope we develop some quick enough for for me amazing amazing so you were driven by

A say a personal purpose right so you encountered uh such say accidents you know in your family and then that inspired you that’s that’s you know that that is a purpose-driven life so tell us more about your educational background and you know also tell like when was the

Switch like when you got interested in pursuing biology as a career when was that yeah even as a kid I was always interested in biology enemy in animals I I grew up on a farm and there was in a small village from the countrys side in Bavaria so there was was always nature

Around me the thing was my my teachers in school the biology and chemistry teachers they were really bad so not at least not my way of learning but in phys sixs and mass they had good teachers and some attendant for for met for MTH and physics and because of this I ended for

Six because it was just mine my talent but I always have had an interest and still have an interest in nature and biology so it comes from very very early times wow so I mean when you say completed your abitur that’s uh you know

The plus two in uh Germany uh you had a choice to study many subjects why did you choose say biophysics in the in the very beginning I didn’t show speci six so indeed I started my studies in 2000 there was this it book so I I as my parents had no

Idea and also me not what can you do with the six was it be a job I mean I came from a blue Corner family so you need a job absolutely and if your mother Works in a kindergarten you can’t imagine what you do with the six may

Become a teacher so I started to I started to study software development it yeah and during the the studies when I had my first lecture on the six at University I said no it’s it software developer it’s not my way the zero and ones are fine but I’m

Much more interested in nature and then I quit studying software development stying informatics and showing physics and there was no bio physics at this time at University of bid was called physics also close to engineering you know you can find a job engineers get a job very important at this time but then

Two new professors joined the university and there was the opportunity to do something new to study this new thing called biophysics very new it’s just Diamond shy so I said okay I am interested in biology it’s still close to engineering med school for biophysics wow so that’s that’s an interesting story

And uh yeah tell us philli you know while studying when did you think about entrepreneurship or when did that entrepreneurship bug bite you you know like when did you think about starting something of your own I think I’ve always been an an entrepreneur always this this thinking in my

Mind what can I do with something and a somehow I think entrepreneurship is a lot of taking opportunities in after my my diploma Theses had the opportunity to join a lab in in gingan MH or a lab in in in Mich the lab in in Mich was was brown young scientist and

Topic was origin of Life wow very philosophic question so w origin of life that’s super cool let’s do it the other op was in him was Stefan hell and had big Stefan hell he later got the Nobel Prize for St microscopy yeah never ask me for any career

Advice I have strange choic but for me origin of life was just more interesting and setting up a St microscope but in in Munich it’s a chair of of of the Alman G where where de Browns from war there were a lot of startup M there was also n technology and EBD

And a cube and so we had some kind of startup entrepreneur spinit a spirit at this University and so somehow I got into this community into this network and then my mother got cancer in 2006 oh and then my whole thing into this direction was triggered them during during my

PhD and it’s it’s here that you met Stefan dur or so tell us about that story you know tell us the you know the beginning of nanotemper how did it all happen yeah was some kind of strange or at least funny but step and me work in the same

Lab in the same group MH but our was Supervisor was really about everyone should work on on his own project no team because to maximize the outboard mhm applications with at its best only two authors so we had separate projects Defan being a biochemist worked on a

Physical topic I’m coming from phys six worked on a biochemical topic wow and since there was this one day with a whole chair was keying in the IES in the mountains there were all the people in the lab in the old building went for skiing with the

Professors and then but Steph and me we stayed in the lab and said we did our own project and we we did a a whole day maybe 20 hours of measurements and then from this 20 hours we had our first publication together and so the started to work together or

Professor was not so happy about it because you know teamwork when one publication for three people differ me and in him but this is how we we started to work together and then we kept on working wow and so so you never knew Stefan before the lab

Right like it was it was at the you know at the lab that you first met him and then that’s how it happened yeah wow so that that that’s great so you know when you discover something or when you kind of have a publication in the university the univers

Also takes a lot of you know uh not only Pride but Equity from that research you know so how did you go about starting thenot temper tell us you know how how it all evolved yeah had opportunity to Jo from entrepreneurial C the university there were some students

Who had a course on the how to write a business plan mhm and it say time you know we we both were aware of that we are not but scientists we don’t want to stay in science we want to do something else and we thought it’s a good

Opportunity to write a patent to show that we can do some technical stuff so I wrote an email to my network saying okay I want to write a pattern as someone of you experience in it and as then I got an email back from Lars he told me no I don’t have any

Experience just this pent but you know I’m taking care of some economic students writing a business plan do want to join our business plan sessions said oh wow business plan is even better than just a patent so we did it and then we we we use the business

Plan we Ro to go to the Munich business plan competition and we made third place and then we got a lot of good feedback especially from a guy from a Ross who told us there might be potential in what we described about our one day measurement Technologies we did by the

Ass prestig and this is how the whole thing started wow wow so for for the audience I uh must say that you know nanotemper is bootstrapped company and we all know that and and Philip that you know and you come from a very humble background and I assume Stan too so you

Know how did you go about raising capitals you know please enlighten us you know because yeah if neither of you are very rich how did the capital came yeah it didn’t came so we tried to get it but it was in 2008 and there was this financial crisis after Lian

Brothers failed absolutely yeah so we were walking around going o Venture Capital but they didn’t want to give us any money I think we explained our technology not good enough just tried some o and no one yet but it’s also I think Philip it’s also about the timing

In the Venture world right like because especially if it’s 2008 crisis happening you know nobody it’s it’s a cycle right so yeah so yeah go ahead yeah but this was really good luck that we didn’t get an inventor Capital money so what we did is we we wrote a

Governmental gr application MH for some very scientific basic stuff to develop our product so we got it more or less granted only one thing missing we needed our own Financial measures to counter Finance it m so we had to find it we had a deadline in Autumn

2008 it was a deadline running we had we had to find a lot of money for it to count the finances governmental Grant and somehow it was difficult to find it was not a lot of money but we didn’t have it the family was not

Bri and it was far too much for us and S this also we just put ourself into places where we could meet people and there was a thing it’s the deut museum in Munich uh Big Technical Museum and there was some it was called Nano days where scientists were allowed to show

The setup MH we showed a setup and then F oldan came by he’s a salesmate entrepreneu from the chman W wonder he was sending cigarettes and then building his old real estate Imperial Empire IM mun and he stopped by and he was very interested in biotech because one of his sons has diabetes

Oh and S he in he invested in US was the counter financing of the ground it was not to the last minute but was the last day wow and we got this money and this is the own money we got and we needed and we we paid his stocks back in 2020

During the pandemic because it was already 80s there and now St me fully owns a business amazing amazing so that’s also like a bit of a luck right so you kind of met the right person at the very right time you know because you said it’s the last day right so wow

That’s that is so amazing you know so for the audience also now tell us about nanotemper what nanotemper does and what was the idea you know don’t please tell us about the technology here what we do is we Mak the invisible visible and we make it visible to drugs

UND drugable and I think all of you know aspirine against a headache especially after good party at University and this is a chemical drug and chemic Drug you know with with cancer is chemotherapies is chemical drugs there also a side effect they’re not good enough anymore we need some new things

And the chemical drugs are very simple I mean aspirine it’s a small molecule there a complexity of a bike when you look at this new antibody drugs this biologic they’re much more complex if aspirine is a bike under body something like an airplane like a Trumbo set really high

Complexity but still very very small only a few nanometers so you can’t see it even not with a microsc but you have to understand it you have to measure the interactions you have to measure the structure it’s folding ex segregation all the things but you are not allowed to touch

It you can’t see it it’s it’s below the defra limit of light so you have to make the invisible visible to somehow be able to develop something to improve it and so is what we do we we shoot bot on on assemble with a drug and get changes in in in

Floresent signal in Statics scattering in Dynamic light scattering in absorption in back reflection and all these things very abstract things and then we do a lot of let’s call it magic you can also call it data science we processes data we do the right positive and negative experiments for it and then

We have an outcome wow and our thing is so it sounds and it sounds difficult and I think you want those as biophysical setups a lot of buttons you can’t understand it and our thing is to make it usable it’s it’s a very robust instrument as PL and play and this is

All of our idea you know I said in the beginning what motivated me that I want to add scientist to develop PR and this is what our instrument should have to spend all your time in developing trugs for example if you say we we have

A usability is good and we improve it so that the scientist saves one hour per week it’s and you have 50 weeks a year you save one hour per week and we have 20,000 scientists using our instruments already so we save 1 million hours wow so that’s like when improving Say

Usability by 1 hour so it’s huge huge absolutely wow so you said it’s like you know it’s already used by 20,000 scientists say across the world so how was you know tell us the challenges of scaling up the company you know because I understand that you know starting a

Company is one thing and scaling up the companies another so how did you go about it we we tried to get a lot of the bi so we we try to find people other entrepreneurs other founders who have been through the same stages of skating up the company to learn from

Them and then also I also very strong people and I can remember once it was a very famous German seral entrepreneur owned very big German biotech companies and we asked him for advice and it was in the very beginning and he was willing to meet with us wow

He was already rich so we met in expensive hotel in Munich Hotel s okay and he was sitting in front of a fire place there on a chair really literally a little bit elevated what and he was listening to what we say and so he told us you will

Fail oh my God is entrepreneur I mean he was more El musk of German biot w w ask you will fail and he told us you will fail because what you try I already tried and I failed yeah but and we so convinced that it will work that we’ve moveed on and I

Think so there one advice I can give listen to everyone but do your own thing that’s that’s a great advice Philip and you know I I I mean that needs another level of conviction in your idea you know because somebody who is so successful somebody who has tried that

Idea idea if he advises you and says that you know you will fail that’s so disheartening you know and um I’m like so so inspired by you that you know kind of in spite of all these odds you and Stefan you both like stick to your plans and then you know made uh

Nanot temper a global company um so tell us more about these stories you know your your your challenges and you know your success stories tell us more about this uh incidents yeah that’s yeah so what we do is we makes it invisible visible so it’s kind of sounds it’s

Impossible so you have short people that it works and when you’re a young student you have no proof so you somehow have to build trust so you have to demonstrate your setups what you do your technology to others and this really all about trust because if you the only one

Who can do something there are no other methods to prove it and AB we thought about building trust and what we had was was it our first customer was I think it was customer 30 or triy 31 we tried 30 times we failed 30 times

And when we tried the C this first time this comy told us well we have here it was has been kindes mhm and so when when you measure SE was four or five more molecules we have we have their x-ray we have the 3D structure we know what they do if you

Can measure those and get the good the right results we will buy your device and I can remember when we measured it was there in 2009 23rd December 2009 we really measured us because next day is Christmas in in Bavaria so we wanted to go out of the lab and visit our parents

So we we really worked hard we got results we said it to them we went for Christmas and after Christmas they told us your results for good with buod Device wow and this was just to interrupt Philip this was when nanotemper was really small like you had

No employees or was it already like you had some employees we were six people six people so very very small okay wow that’s that’s that’s inspiring so that gave you a boost okay and then was that you know tell us about the scaleup journey so then yeah you had one success and then

How it happened yeah now we we proed what we did on an experim that up we didn’t have the product we sold yet so we got some money from this company from grock and from this money we bought the parts of the of the product then we buil the product

Business we delivered it we install it we got the rest of the money and with this money we we bought the parts for the next two devices this is like really product wow this is like you get so it was the company was profitable from day one yeah

Oh wow so unlike the companies that you know is build being built up now right like because I heard you have to make huge amount of losses to be profitable one day I I’m like okay yeah that’s interesting yeah it was the old days there was not so much money

Around I think a typical also German way to start small to move forward in in in small steps from device to device be profitable from the very beginning you really take care of the money keep the costs under control don’t spend the money Liv in very low condition and since put everything you

Have all your energy all your money everything in your company to grow it I think that’s the spirit that is really really wor of wisdom so you know to the to the broader scientific Community if you have to explain what nanotemper does to somebody who has never work in say the

Biophysical Arena or say does not make biologics you know then how would you go and explain about it one thing is the let’s say you want to find a new truck MH let’s say a drug against the growth factor in cancer so you have this grow factor and you want to block

It then we have let’s say several substances where you think it could be a truck yeah so you you suggest them against this this uh grow Factor mhm so they have to block to block it and you already see if you want to block it you

Have to get in touch with absolutely me if these proes get in touch with it and if yes which concentration which doses you need if you send a found the stru candidate a promising one I already told you it’s very complex absolutely yeah it only works when it has a certain

St structures like a fantasy origami and then you also you we use different Technologies to prove that it keeps a structure that it has the one good structure and we also s here help the scientist to find an optimal formulation I mean it’s it’s it it helps

You nothing it’s a struct only works if you can freeze it the whole time your minus 80° freezer you also have to get it to the patient so you have to find ways to stabilize it that you can transport it to the doctor can transport it under room temperature condition to

The patient and and and then apply it through a needle so we have to stabilize it and say is also what we do so we have different products and different parts of the value chain in the drug development and is also what what discriminates US Master startups we are not limited to

Our own techn technology we started with it’s really about helping scientists so we we have a lot of Technologies now and really try to understand what will help the scientists to develop new drugs better drugs quicker and in say we try to combine in the product which is very

Robust because I mean you have to work with it so the device has to work always the whole time and so where we put a lot of energy then absolutely wow no so you know now that you know your company is so successful and it is already you know a

Global company looking back Philip if you see you know what were the major challenges that you like faced in your journey that’s mostly a personal thing you know your your comedy is throwing listen and you as a leader you have to adapt in the beginning it was only

Stepan and me uhuh and it was stepan and me and our first employees in one single room MH where you get to know everything you know everyone very well you talking and saying you are in different rooms so you have to think about communication and send you in different

Cities send you in different cities in different time zones with different cultures we now have more than 30 three cultures L from W and we all have to understand each other and you go to through different faes and you always have to adapt what could be that the

Grow speed of the company is quicker than your own speed and you need coaches mentors you have to adapt could also be the other way around that your gross speed this quicker s the speed of your company so you get Fric with your people and you always and you also have to

Adapt mhm you always realize it when the friction increases everything is smooth and when well then you grow and then frictions are coming in and S thing you have to change absolutely so that is yeah that is one I mean growth is a challenge but

In a pleasant way right like it’s I mean you of course as a as a you know as a parent of the company you wanted to grow of course you can adapt and there will be these growth challenges but what were like did you had to face some setbacks

In the in the you know in the journey why I want to ask you because I know the entrepreneurial journey is never easy you know and you you have to have lot of perseverance you showed that in the earlier days but also in your good days you know when the company was growing

What were the setbacks or major challenges that you can remember now now I think as as an entrepreneur you f quite over F you feel most of the time you’re just good in standing up so big thing was in 2019 where we hire too many people to quick then we then the revenue

Was not coming so we had to let go people MH and it was also I think it was in August 2019 I still in in the comany I think they qu it’s a black day or so we had to let go 19 people which was a lot at this

Time and the thing was okay we let go everyone at just this one or two days so that the rest can be sure that this firing pirate is over otherwise people are afraid and this is the thing I mean everyone can hire but the tough decision is a good

Decisions is when you really mix the up once like Let Go people yeah you always pay a high price for it it was two months of sleepless night thinking okay who should go we had to let a lot of people go but it was our peoples we had a long journey with them

But we have to protect the common or baby it’s really about letting go 19 to protect 150 and this are really really hard decisions but one has to make those decisions right yeah you have you left wow so yeah I can I can just imagine you

Know you and you are a very empathetic person and you know and if you have to let go your own people it can be very challenging absolutely know so and you know of course you will have all these challenges and how do you overcome these challenges you know and what what would

Be say your advice to other entrepreneurs you know you have to deal with challenges yeah one thing is you you do it special and until you see a result it takes a long time so it’s tough because if you don’t get direct timely feedback so when to get some feedback

What I do is I go to the customers I visit the customers and I talk with them and I watch how they use our devices and when I see sit say with bright eyes the lights Byer eyes using our instrument I know we do something right and this is where I’m getting the

Energy from it’s from from our customers when I see that our devices are not just standing around and no one uses and know they are use and that they also give me honest feedback how we can improve it because if you give them if they give

You advice how to improve it it really means they care they would not give you advice how to improve it if they don’t want to use it MH so it’s really going out to the customer and really see an experience what your products do for them is it really generate value for

Them and helps them no that’s a that’s a very good advice and yeah moving forward uh Philip so what are the say key skills and qualities that makes a successful entrepreneur you know from your journey can you highlight those skills and say qualities see over time you develop a a

Good enhance the gut feeling because you you have to be aware that you were in your brain only around 10 to 20% of information you have were really aware of MH the rest is some process not so explicit way so you can really trust your God’s

Feeling you have to be Hest mhm and you have to walk the talk people have to trust you the thing is really if you’re alone you can’t do a lot it’s the ass of people who are your leverage so it’s really about hiring people who are better than you and this sounds very

Easy you know you read a lot of quotes about it but if you work at something and then you hire someone who is much better than you and you see how much better he does the thing and how much bigger she is it’s hard to see and some people have problems working together

With people who are better because they afraid of them yeah yeah they they have their own insecurities or you know you have to kill your ego and stuff like that so that that’s yeah that’s more difficult to practice than to you know as you said about the codes yeah reading

Quotes is fine but practicing it is a challenge yeah oh yeah there always every return wow and any other qualities that you know like perseverance for example you know that you have showcased yourself so any other things that you would say um is a must in an entrepreneur according to

You would say a good listener you have to get a lot of advice MH but somehow and you get a lot of advice which puts you in a different direction so you have to listen to everyone but but stay with your own curse and you have to take risk I mean

When you come with a technology in our case from University you come with technology with product and the technology gives you 1,000 possibilities what you can do Absolut but you can’t do them all at once so you have to take the risk not to do 999 things but Focus only

On one and this where a lot of people struggle they don’t take the risk to just do one thing and by not taking the risk risk they Risk Everything absolutely so prioritizing you know and that narrowing down of this is so so important yeah absolutely great so tell us um Philip

About you know the most exciting developments in your field right now and how do you see the future of Biotech especially in the you know German context or the European context yeah I’m very excited about still very excited about the MRNA technology proved so so so so valuable

During the pandemic I mean what what we can do now is we can go life it’s really about bringing a code into a cell and code for a protein and the cell builds the protein you code it for Wow and this will be for me it’s a it’s a

Singularity it’s really a start of a new thing I mean you can do now you have to solve the struct delivery problem it’s all about having something like a vector a transportation vehicle you can put in Mr neod Dania whatever has something on its outside maybe an

Antibody to Target a certain cell and then you can really it’s about engineering life so it’s I mean we we read and hear a lot about AI but AI will be a tool for biotech and we can really we will see great things in the future when we

Understand that and make it scalable with engineering tools we will have a tool set of Biotech tools we can put together and really engineer things because we will absolutely understand what we do so I think everyone who is Young know the next 30 Years I I see a

Gold Maj of biot coming amazing amazing and you see AI playing a major role in the future of Biotech right that’s a tool like this information we should just use it for us not be big Fanboys or whatever or only do wayi it’s a tool yeah and and life

Code of life life is a processing of information and AI will will help us to do so I mean you see say Alpha forward from Deep Mind is already a cool thing they can predict structures and this allows you to measure it quicker and to develop Tru

Quicker so we will see a lot more of these tools tools for scientists to focus on SEC creativity you don’t have to do boring things say I can do it for you you can really focus on creativity and develop the cool drugs so you’re mentioning about you know the future of uh biotech

Being you know golden stuff like that and I’m really excited about it however when I see the say the entrepreneurial ecosystem and compare it with the US you know North American uh entrepreneurial ecosystem I think we are much more lagging behind here right in Europe because I think in North America

It’s already mature you know the funding is easy to get and the ecosystem is more mature so what is your advice to improve say the startup or the you know the entrepreneur ecosystem in say Germany and in Europe well let’s say money if more let

Stick it the mou what it mean can move absolutely what we see is we see money from the USA moving to Europe because money is looking for good ideas there much more money than good ideas so ideas are limiting so you just have to put yourself in a situation where the money

Can find you and you to be aware of the of the different culture of of us style Venture Capital but they’re looking for you they’re looking for the good ideas for the entrepreneurs in we Global World believe even can be bigger so with also the Asian countries coming in and also

Africa and capital can move and it will move and you can stay where you are you can also visit the USA and it will find you and it will invest in you and yeah that that kind of you know uh makes me ask you another question so

What should an entrepreneur do you know because most of the entrepreneurs that I talk to they were always limited by you know this uh the capital raising is a big challenge for them you know raising Capital so what would be your advice to these entrepreneurs you know how to find good

Investors you have to be really aware of of of what you want and tell them make a plan and tell them what you want MH because they don’t understand your business or your technical business they are also it’s called Venture Capital but they are somewhat still

Afraid or of risks so I have to drisk it for them so have them have to give them the feelings that you really do understand what you do and make it simple for them they don’t understand scientifical things you really have to okay this is what I can do this is what

I will do with your money and this what can get back and I know what I do and I can also explain it to you in simple word I can also excite you with my storytelling and you also have to excite them because they have to believe you

They have to trust you and if they don’t understand your scientific details they will not invest because they afraid because they don’t understand you so you have to learn to adapt to them if you need some money you have to adapt to what they can understand absolutely and

You said the right thing that you have to drisk it for them right although they are vure capitalist but but they they are not like taking so much risk right exactly wow so you know another question you know similar to this line so what advice would you give to say young

Biology students you know who are considering say a career in biotech entrepreneurship and what are the most important things that they should keep in mind as they pursue this path and if you’re a student you’re young you’re your Dynamic you can just do it and one thing is you have to move out

From this scientific and development mindset it’s all about product and selling if you found a company it’s about earning money and I have three advices for for you it’s the first one is sell they can one is sell and third one is sell wow all about they stop to develop for out

Make a product and sell it wow that’s that’s great advice sell sell and sell wow yeah that’s it yeah that that’s amazing Philip so you know now that you are like you know successful your company is a global company now so I would ask you you know

So do you also invest in startups and if yes so for starting purposes you know for investing purposes what are the key criterias that you evaluate the incoming ideas on and is there any specific advice again in this direction that you give to you know people approaching you

Yes I invest as a business Angel mhm in one area so I have defined two areas one is the tools for Dr development and they invest in opto gentics because as as you said I love science fiction and controlling biological systems with light is science Fel for me and I’m very

Interested in it and the other one is I also invest into U and antibiotics MH because I think we we will get big problems in the future with also the resistance against anti antibiotics the for examp Western ACC company VRI they do bacteria fures against bacteria as an alternative to

Benan Al like and I always look at the team if they have a good team spirit if they can I mean that’s really we talked about it it’s a really hard CH as entrepreneur and there will be tough times there will be problems and there will be fights inside the team because

It’s tough decision absolutely they have to have mechanisms in the team to deal with conflicts because there will be conflicts and if the first conflict K the team the comany is dead and the money is gone so this is what I what I look at so good team and you know like

How one can approach you Ste uh philli you know how can one approach you and um is there like like you know is there like a business plan that you evaluate or how do you you know screen screen because you would receive many inquiries you know as a investor so how do you

Screen yet I look at the technology they have I look at how far they are with a product I look if they are if they understand that selling making money is important thing as an entrepreneur MH or is see at least willing to listen to some advises LS of singers are they

Willing to listen or or do they just move through the world like with closed eyes so they have to be good listeners and for the business plan I I rude Enough by myself I know how how you Mak the numbers so don’t look at the business plans it’s more about

Technology product and so I talk directly with the people wow and it’s it’s it’s mostly in areas where I where I know the market yeah like you are restricted to you know say the antibiotic and this tools uh sector but you you might be open to good ideas Say in any you know

Any biote right great and how can one reach so people seeing this you know and young entrepreneurs you know would like to kind of uh get in touch with say Philip how they can get in touch with you yes the easiest thing is we are LinkedIn just the right me PM we

LinkedIn and then we repeat it and I will I will put the link profile link on the podcast so that they can reach out to you very good yeah so so Philip also like you know uh tell us about your hobbies so when you do not do science

What else do you do I like to travel around and to meet people I also go do another of sports like running swimming biking bedminton soccer wow or also during my lunch breaks I like to run and do some sports to put myself into a good spirit because

When you when you have to do some tough decisions you have to be fit to do some absolutely it’s about making yourself putting yourself in a state where you are fit enough and has the right mindset and spirit to do this our decision and and the sport especially house I love to

Be in the nature to be in the mountains even more I love to be at the beach where where have an open space you walk here you run here you do Sports here you have this open space some opens my my mind for the Big Ideas wow that that’s amazing and you

Know one question that I’ve been lately asking uh many biotech entrepreneurs you know they all are I mean of course anti-aging Enthusiast you know they want to say be fit for you know increase their health span so you know and many many of these people they take some

Supplements and stuff like that so just asking for my own curiosity do you take any supplements except rad wine and beer be oh know I love to have a French and Italian food I love to enjoy life and I’m more about more about relaxing with my loved

Ones having a good time so is my way of of dealing with it and sitting in the evening there with a good wine MH that’s Co cool eyes for me so you don’t take any external other supplements that many many people these days are taking right to oh that’s amazing to hear

Wow wow so yeah you know Philip thank you so much for your time it was such a pleasure to have your insights with us today and yeah I’ll have to respect I could go on and on but I have to respect your I have to respect your time and to

The audience thank you for tuning to biology career insights don’t forget to subscribe to our podcast to get the latest episode delivered straight to your device see you next time bye-bye bye bye phip bye thank you so much bye you’re welcome