Beginner's Mind
Beginner's Mind
Oct 14, 2021
#50: Dimitrios Tzalis - Insights Into Building CROs in Asia and in Europe
Play • 1 hr 56 min

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…

00:00 Introduction
04:25 Introduction Dimitrios Tzalis
05:45 How to Start a Life Science Company During the 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 the Content of a Business Plan?
16:54 The Structure of the Pharmaceutical Industry in the 90s/early 2000s
20:15 The Networked Life Science Economy – From the 90s to 2021
22:55 The Different Mindsets Needed to Bring an Idea to Market
31:05 How to Fund Early-Stage Development Companies
36:30 From Founding a Company in Germany to Founding a Company in 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 in Entrepreneurship
01:10:20 The Role of Leadership in Building a Team
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 in Europe
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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