The Biotech business has expanded rapidly with a record numbers of PhDs entering the industry, but being a good scientist is not enough to run a good Biotech business, skilled management is needed to grow and develop the company. Being a relatively nascent industry, it lacks the basic skills for leadership, competitive analysis and budgeting.

To overcome the hurdles, one can go for some short courses. For example the University of California, San Diego offers a six- month leadership and management program.

Britain's Biotechnology Young Entrepreneur scheme, organized jointly by the University of Nottingham and the Biotechnology and Biological Sciences Research Council, has trained about 1,000 postgraduates in its ten-year history.

There are many paths for people who are in transit from lab to the boardroom.

Web Links:

1. San Diego State University Joint PhD MBA program

2. UAB Business School MBA

3. MIT Biomedical Enterprise Program

4. StockholmSchool of Entrepreneurship

5. Midlands Medici Fellowship Program

6. Biotechnology Yes

7. UC San Diego LAMP

8. EssecBusinessSchool