Making money at all in biology requires being a therapeutics company, which requires you to do something exciting
Illumina has a market cap of 22,77 billion. There was a time when Theranos had a high market cap even if they ultimately didn’t manage to develop the technology for it.
It’s possible to make a lot of money building tools, it’s just that most of the capital is therapeutics-focused instead of tool-focused. However, theraputics-focus vs. tool focused is not the same thing as boring/interesting. Neither Illumina nor Theranos are boring. Alpha Fold was exciting but there’s still a reason why it was developed at Google and not at a big pharma company.
If we look at the question of incubators, there’s probably a company that sells the incubators and the software that runs them is closed-source so it’s hard for someone besides the incubator company to provide software to control it.
The first sales page I found for an incubator is https://www.thermofisher.com/order/catalog/product/51031528?SID=srch-srp-51031528 . If you want to create an incubator startup, building an incubator that can do all the things that the incubator from Thermo Fisher can do and additionally has WLan and an app, you have to do a lot of work to match the features of the existing incubator. Even if you could produce the product, I expect it will not easy to sell it and get people to trust you to have a better product than Thermo Fisher.
Thermo Fisher likely does market analysis and would build build an app for their incubator if they would think that their customers want that but currently sees no demand.
It might be inherent, in idea of having an app to control the incubator being boring, that it’s hard to sell it incubators with it.
Illumina has a market cap of 22,77 billion. There was a time when Theranos had a high market cap even if they ultimately didn’t manage to develop the technology for it.
It’s possible to make a lot of money building tools, it’s just that most of the capital is therapeutics-focused instead of tool-focused. However, theraputics-focus vs. tool focused is not the same thing as boring/interesting. Neither Illumina nor Theranos are boring. Alpha Fold was exciting but there’s still a reason why it was developed at Google and not at a big pharma company.
If we look at the question of incubators, there’s probably a company that sells the incubators and the software that runs them is closed-source so it’s hard for someone besides the incubator company to provide software to control it.
The first sales page I found for an incubator is https://www.thermofisher.com/order/catalog/product/51031528?SID=srch-srp-51031528 . If you want to create an incubator startup, building an incubator that can do all the things that the incubator from Thermo Fisher can do and additionally has WLan and an app, you have to do a lot of work to match the features of the existing incubator. Even if you could produce the product, I expect it will not easy to sell it and get people to trust you to have a better product than Thermo Fisher.
Thermo Fisher likely does market analysis and would build build an app for their incubator if they would think that their customers want that but currently sees no demand.
It might be inherent, in idea of having an app to control the incubator being boring, that it’s hard to sell it incubators with it.