Business
In this conversation, we discuss the development of the European Pharma Eco-System, different business models generally accepted in the industry, and what it takes to lead a company to success.Today’s speaker is Dimitrios Tzalis.In the 90s, he received a Ph.D. from the University of California, San Diego, a Master of Science in Chemistry from the University of Chicago, and a Master of Science in Biochemistry from Ball State University in Muncie, Indiana USA.1998 he returned to Germany to found Taros Chemicals GmbH & Co. KG, one of Europe’s leading chemical CRO companies for drug discovery chemistry and custom synthesis services.Questions we discuss in the show:When and why did Dimitrios decide to found a novel company?How did Dimitrios find the Right Business Model?How did the industry evolve in India and Germany over the last two decades?How do you see the future of the life science industry globally after the push that it got with Sars Cov 2?And much more…Timestamps:00:00 Introduction04:25 Introduction Dimitrios Tzalis05:45 How to Start a Life Science Company During the Dot.com Bubble Times08:15 The Decision to Start a Company Rather Than Applying for a Job10:15 How did the European Life Science Eco-System Look Like in the 1990s?12:54 Where to Get Inspiration for Writing the Content of a Business Plan?16:54 The Structure of the Pharmaceutical Industry in the 90s/early 2000s20:15 The Networked Life Science Economy – From the 90s to 202122:55 The Different Mindsets Needed to Bring an Idea to Market31:05 How to Fund Early-Stage Development Companies36:30 From Founding a Company in Germany to Founding a Company in India41:10 How Technology Changed Collaboration in the Last Two Decades44:25 Development of Cultural Similarities and Differences Between India and Germany Since 200047:00 Is there a Global Convergence of Business Culture?52:17 The Pharma Industry in India – 2000-202155:20 The Future of the Pharmaceutical Industry in India57:40 How Are Problems Approached in India vs. Europe?01:01:20 How Entrepreneurs Approach Problems01:03:15 Entrepreneurship & Passion01:06:00 The Role of Passion in Entrepreneurship01:10:20 The Role of Leadership in Building a Team01:12:26 Teamplay in Companies01:14:54 Life Science Business Models01:20:10 The Private and The Public Life Science World01:25:00 The Future of the Life Science Industry in Europe01:42:50 The European Culture Around Entrepreneurship01:50:00 Short-Term Thinking and Long Term Planning01:54:30 What is the Most Important Advice to First Time FoundersFollow Dimitrios Tzalis and Taros:Linkedin Dimitrios TzalisLinkedin TarosShownotes:Das Netzwerkunternehmen, Elgar FleischThe Infinite Game, Simon SinekEpisode on other podcast PlatformsVideo to the EpisodeSupport the show (https://lsg2g.substack.com/subscribe?)