If you only learn one thing from Vikram and George, it should be…
Don’t be an aspiring entrepreneur; be an entrepreneur. Make the necessary mistakes for future success, because you learn best by doing. Instead of thinking about starting a company, just go for it! Starting to talk to people and building a startup will teach you a lot more and faster than just reading secondary sources. Also, having a good combination of persistence and flexibility is critical on the entrepreneurship journey.
When Vikram Krishnamoorthy (C’20, W’20) and George Pandya (E’20, W’20) saw the first FDA approved cell-therapy technologies come out of Penn, they were excited by the possibilities this breakthrough could have. However, the treatment was not without a cost—in fact, it came with a rather hefty price tag. They used this as inspiration to create a better way to reengineer cells, and that technology turned into their startup: CytoFoundry.
CytoFoundry uses a new method of genetically engineering cells for cell therapy to make cures that are unique on the market for a variety of diseases. There are many problems in the currently existing abilities of cell therapy, such as a limitation on the number of lines of biological code that is able to be inputted. The two founders have dedicated themselves to unlocking the full potential of this type of innovation as well as to allowing patients to overcome the inhibitive expenses of this technology.
As student entrepreneurs, one of the biggest challenges Vikram and George have to face is time management. Both startups and school are very time-consuming, and trying to coordinate these two at a reasonable pace is in no way an easy task. However, the founders mentioned that it is definitely doable. In the biotech industry, capital is an essential part of the startup process. The demand for funding to invest in materials creates a barrier entry that companies in this field must overcome. Vikram and George have effectively utilized new technologies, ones that may speed up the prototyping process or cut corresponding costs, to maneuver around this. They said that the Weiss Tech House has also provided great resources, mentorship, and funding opportunities to help with their startup. Even though they have only worked on CytoFoundry for one year, they have already accumulated multiple notable accomplishments, such as being finalists in the Y-Prize Competition and winning second place at Pennvention, just to mention a few.
Check out the full interview here: CytoFoundry