The Life Sciences (Bioscience /Biotechnology) industry is one that is creating a lot of value for those in this sector for business and for society in general. From a purely business perspective for example, it is projected that the worldwide processing of bio based products that include biofuels, renewable chemicals and bio based polymers will have a $400 billion market share by 2020 worldwide. The Life Sciences sector in addition to financial attractiveness is directly responsible for improving the quality of life for many through the production of critical life saving drugs and the introduction of new ways of feeding the hungry.
The Life Sciences sector is therefore one that has a lot of potential and a lot of people particularly the young are being drawn to it either as employees or as entrepreneurs. The entrepreneurship route in life sciences however is one that has certain challenges compared to other forms of entrepreneurship. The “bio-entrepreneur” is faced with complex regulatory, economic and knowledge hurdles that must be overcame in order to be successiful.The challenges of bio-entrepreneurs are universal and the same is true even for these individuals in Zimbabwe.
It is against this background that Science Inc., a virtual biosciences incubator has been established to facilitate the formation and growth of innovative Bioscience startups. Science Inc. seeks to help early stage startups dealing in food technology, pharmaceuticals, nutraceuticals, renewable energy, industrial biotechnology, conservation, the environment and medical devices / applications find their footing and establish their business.