Hi and happy new year! In this first episode of 2021, I bring you a story you may in part know. A story of changing countries and cultures and of finding new horizons for yourself in the process – in my guest’s case, leading to his transition from basic research into business development.
Fabrice worked as a research scientist in medtech for more than 12 years in top-tier institutes worldwide. He was deeply involved in the entrepreneurial scene leading to multiple startup successes including one IPO. He setup from scratch and led MonacoTech, the first and only innovation program founded by the Monaco Government and French billionaire Xavier Niel. In less than a year, he created a portfolio of 12 hand – selected companies valued over 100M€. He then founded with Brian Frederiksen Monaco Foundry with the ambition to revolutionize the way we turn ideas into global commercial successes. Within a few months they assembled a remarkable team of Serial Entrepreneurs, former Senior Government Advisors and Fortune 500 Executives combining strong corporate expertise with entrepreneurial mindsets.
What you’ll learn about in this episode:
- What you can gain by going abroad for the entirety or part of your graduate studies
- Different countries have different research cultures
- The importance of knowing your “Why” in graduate school and in life, of finding what drives you
- Technical aspects of deeptech startup incubation
- Why you should start building your network today
This episode’s pearls of wisdom:
“I think it’s more about creating an environment where people trust each other, can be truthful with each other. And there is no shortcut to that – there’s no tricks. And I feel that’s something that’s very true with anything – I’m deeply convinced of that. Especially today where we live in an instant gratification society where where you have all these snake oil sellers giving you hacks and tricks and shortcuts. This is bullshit. All the real things in life take time and effort. Hard work. That’s it.”
“What I’ve learned as a PhD and as a scientist was being patient and diligent. Things take time to develop. Being patient enough in the short run to really make sure that you execute on that roadmap as fast as possible.”
X’s links: LinkedIn – Linkedin.com/in/Fabrice-Marquet; Twitter – @FabriceMarquet.; Website – MonacoFoundry.com.
You might also like the following episodes:
Chris Humphrey – Career Counseling: PapaPhD.com/73
Chris Kent – Biomed Startup CEO: PapaPhD.com/11
Emily Roberts – Finance for PhDs: PapaPhD.com/8
Margaret Magdesian – Biotech Startup CEO: PapaPhD.com/21
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2 comments on “Going From Research to Business Development With Fabrice Marquet”
I want to commercialize my PhD research and this podcast was a lovely catalyst to dig my heels in and follow this path
Thank you Albertha! I’m glad Fabrice’s experience resonated with you. Even if it’s just a small nudge towards your goal, it makes me really happy 🙂
What would you say the main take-away was for you?