Diagnostics, IP, and Insurance Advice: the inQbator continues covering what matters to the start-ups

During this atypical Swiss summer, we haven’t stopped offering mentorship to the start-ups who have joined our programs. The goal is always to help them grow through our workshops with specialized  mentoring in different topics!

 

At the beginning of the summer, we prepared a 1 hour in-depth deep dive one-on-one session. The aim was to discuss with the start-ups their projects and identify the real reasons behind their ideas, perform a road mapping of the project, decide on next steps, and find the areas where the founder believed they might need some assistance. A single hour gave the chance to Arthur Redpath, a senior strategic business consultant, to ask diagnostic questions and formulate a good impression of where the project stands, which are the current needs of the start-up, and identify if any gaps exist to therefore give a prescription for the services or capabilities needed for their plan forward. 

 

“Occasionally, it’s good to put your start-up through a diagnostic check-up, just like a routine medical or snapshot diagnostic on yourself. Taking time to look at the vital signs of the project and business and then decide upon the next steps to keep on target becomes important as the project faces challenges and successes alike. It can be a wise and useful action to take, like a visit to the medical specialist taking time to do a diagnostic with an outside eye and brain”.-Arthur Redpath

 

 

 

In the middle of the summer, we organized a workshop to address intellectual property (IP). The main purpose of the workshop was to clarify the requirements for patent applications. Philip Marchant, an IP consultant, gave very interesting insights on the activities done by bigger companies to protect their products. Most importantly, the start-ups looked deep into how to identify new claims and how to structure them, as this determines the scope of the patent. During this workshop, they spoke about how to become inventive with a selection invention and discussed some essential terminology, such as vendor lock-in and patent infringement. Philip explained cross-licensing and clarified which kind of content must be written in the claims and which categories there are.

 

“Inura Medical is a pharmaceutical company developing a new administration route with a generic drug. Before going into the clinical phase, we aim to re-evaluate our patent strategy. The workshop at inQbator provided a great overview of the requirements for a patent application. Most importantly, we had a deep look into how to identify new claims and how to structure them. As this determines the scope of your patent. Thanks a lot, Philipp!”- Vanja Ivancevic, Inura’s CEO

 

The last workshop our team organized at the end of the summer was about insurance. Insurance is sometimes a complex but critical part of the foundation of any risk management program. The workshop covered the basics of insurance, terms, and concepts necessary to be understood by the management team of a start-up. Philip Bischof, sales manager at Mobilar, gave a workshop where he clarified the three-pillar system in Switzerland to the start-ups. How does the Swiss social security system work from the employers and employees point of view? What to do when actively hiring? What does business property insurance mean? What types of insurance do startup needs?

All these questions and more were answered by Philip. He effectively conducted a 1-hours workshop where the start-ups had the opportunity to ask him any concerns about business interruption, general and product liability insurance to protect financial interest, or a currently hot topic — cyber insurance.

“Philip is the expert when it comes to describing mandatory and voluntary benefits such as daily allowance in HR, or business interruption, which is very important and often forgotten. Moreover, the start-ups could learn about cyber risk with Philip. It was surprising to discover how much damage can do to a company financially, on data protection, and even reputational. Therefore, it is very important to be aware of its weaknesses which could sometimes be human factor, but also e-mails, the cloud and the web, or even the wi-fi you choose to have at the office” – Mohamed Hussien, Project Manager at the inQbator.

 

We are looking forward to the next workshops! If you’d like to participate as a start-up, join one of our inQbator’s programs! Schedule a meeting with us; we will be more than happy to talk to you.

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