⚠️ 1. Funding and Capital:
Securing adequate funding for research, development, and clinical trials is a constant challenge. Biotech companies often rely on investors, grants, or partnerships.
⚠️ 2. Telling the story of your innovation:
If you want to get investors on board, your story must be clear and compelling. Presenting your innovation in a clear and coherent way can be challenging, particularly when you’re deeply involved in the project and may overlook the need for explanations.
⚠️ 3. Prioritizing your innovation over your company’s image:
You are dedicated to your innovation, and you prefer to use your time and resources here, rather than polishing your company’s image. While a professional image is important for establishing credibility and trust, you see it as secondary to the core value your innovation brings to the market.
Did you know that 90% of potential investors will visit your website before making a decision?
⚠️ 4. Talent Acquisition:
You rely on skilled researchers, scientists, and other professionals. Therefore, attracting top talent is critical for the success of your company. Creating an inspiring employer brand is essential for attracting the talent you need, and your website plays a significant role in their career search.
⚠️ 5. Complexity of Content:
Visualizing scientific concepts can be challenging, as biotech information can be intricate, making it complex to present it in a user-friendly manner. Creating illustrations and animations are not your expertise.
⚠️ 6. Intellectual Property:
Protecting intellectual property and ensuring it isn’t infringed upon is crucial, as innovations and discoveries are valuable assets. It can be challenging to get your story across if part of it is confidential.
⚠️ 7. Sensitive Data and Security Concerns:
You may want to provide segmented, user-specific information on your website, accessible through a secure log-in or download. It’s crucial to ensure the secure storage of sensitive data, preventing unauthorized access and protecting your website from cyber threats.
⚠️ 8. Regulatory Compliance:
Regulatory requirements in the biotech industry are subject to frequent changes. Companies must stay up-to-date with evolving guidelines from agencies like the FDA, EMA, and others. Adherence to strict regulatory guidelines for data privacy and medical content is essential. Accurate and secure data collection, storage, and reporting are critical, particularly for clinical trials and post-market surveillance.
⚠️ 9. Integration with Systems:
Integrating your website with existing databases, CRMs, or other systems can be complex. If this is of importance to your business, you need a digital partner with the required expertise.
⚠️ 10. Content Management:
Managing and regularly updating content can be a time-consuming task, particularly given the dynamic nature of research and development. Having a flexible, fast responding Content Management System (CMS) is crucial to help you keep your website up-to-date and regularly share updates about your innovations!