In this conversation, we discuss the development of the European Pharma Eco-System, different business models, 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.
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 more…Timestamps:
04:25 Introduction Dimitrios Tzalis
05:45 How to Start a Life Science Company During the Dot.com Bubble Times
08:15 The Decision to Start a Company Rather Than Applying for a Job
10:15 How did the European Life Science Eco-System Look Like in the 1990s?
12:54 Where to Get Inspiration for Writing a Business Plan?
16:54 The Structure of the Pharmaceutical Industry in the 90s/early 2000s
20:15 The Life Science Economy
22:55 The Different Mindsets to Bringing an Idea to Market
31:05 How to Fund Early-Stage Development Companies
36:30 From Founding a Company in Germany to India
41:10 How Technology Changed Collaboration in the Last Two Decades
44:25 Development of Cultural Similarities and Differences Between India and Germany Since 2000
47:00 Is there a Global Convergence of Business Culture?
52:17 The Pharma Industry in India – 2000-2021
55:20 The Future of the Pharmaceutical Industry in India
57:40 How Are Problems Approached in India vs. Europe?
01:01:20 How Entrepreneurs Approach Problems
01:03:15 Entrepreneurship & Passion
01:06:00 The Role of Passion
01:10:20 The Role of Leadership
01:12:26 Teamplay in Companies
01:14:54 Life Science Business Models
01:20:10 The Private and The Public Life Science World
01:25:00 The Future of the Life Science Industry
01:42:50 The European Culture Around Entrepreneurship
01:50:00 Short-Term Thinking and Long Term Planning
01:54:30 What is the Most Important Advice to First Time Founders
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