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Sweet T (m)
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Hey my people, i have a dream of starting a Biotech Company in Nigeria in a short while. What do you think of its survival? Is DNA and Bio infos in effects in Nigeria yet?? Please feed me with info if you got any ideas as per Locations, supports or any informations. Thanks !
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4 Him (m)
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Dont worry, you'd be forced out of business in less than 5 years.
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wendymanda
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I honestly think that is an important investment the government should pursue and any scientific initiative as such. However since they won't I think others should start. All in all yes I think it would be a great idea. Maybe others will follow your footsteps and setup other science related things.
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Sweet T (m)
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@4him
Any evidence, please? This is a BIG goal of mine and i only want constructive dismissal or support.
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wendymanda
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Dont worry, you'd be forced out of business in less than 5 years.
But why???!! |
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4 Him (m)
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The first thing you shld ask yourself - where's your client base?
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wendymanda
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Universities and such. Also with such a venture could up for more research. The start of something good.
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4 Him (m)
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Wendy wake up from your slumber, which nigerian university is into research?
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Sweet T (m)
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@4him
But don't you think Nigeria society will need some kind of Biotechnology in the nearest future as our society is getting complex and health care systems is getting worrisome. For example I believe there are many Nigerian men that will want to know the paternity results for their children.
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wendymanda
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Wendy wake up from your slumber, which nigerian university is into research?
Don't you think at some point we need to start looking more into science in Nigeria? MAybe he has other Nigerian friends that were interested in funding. Look at North Korea even though they are cut off from so many countries they have nuclear weapons. If the Nigerian government would put more interest into science we could improve our country. Imagine if more people went aborad to do the sciences and then returned we would flourish so much more. |
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4 Him (m)
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you people are behaving as if you are from another planet. You know your leaders, they would rather steal money than act like the Koreans.
We can't generate more than 3000MW of power with all our oil, gas and dam and you are here talking of Biotechnology.
How many Nigerian university graduates can accurately define DNA?
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wendymanda
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you people are behaving as if you are from another planet. You know your leaders, they would rather steal money than act like the Koreans.
We can't generate more than 3000MW of power with all our oil, gas and dam and you are here talking of Biotechnology.
How many Nigerian university graduates can accurately define DNA?
We have to start at some point or atleast entertain and act on such an idea. There is a 50% chance it may work and another 50% it may not. I think the poster should get into with a university and tell them of this and go from their. He could even setup the business through the school and go from their. I just think it is really sad that we are not partaking something as important as science. |
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4 Him (m)
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Universities in Nigeria are appendages of government. These people don't generate their own revenue and thus don't have the incentive to undertake any form of research.
A couple of friends and I once floated this idea of a private science institute somewhere in Lagos, it died a natural death . . . the market is just not there. Where would you get the workforce? This halfbaked graduates?
Ok talk of infrastructure . . . will you run the company on generators? Remember that you need to operate controlled temperature rooms 24/7.
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wendymanda
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@ 4HIM You have very good points there but I think there are very many different ways of approaching it. It might ultimately make this idea not seem viable but if we are really interested in putting Nigeria on the map then we have to start somewhere.
Firstly on the point of energy include a solar energy initiative with this biotech agenda. Also a private institute which will not churn out a bunch of half baked scientists could be what this company is started on. If many of the wealthy Nigerians get involved this could work. If many Nigerians will realize the importance of wealth that is.
Also why not start such things somewhere other than Lagos to alleviate some of the craziness? If other states are given the opportunity things such as these may take off faster.
I know a professor that travels to Ghana annually with students as a study abroad but she does it more as a way to help the people in Ho. She takes money and the student and she invests it in hospitals, nursing schools and farms just things that will allow the money to rotate and churn out something good. In saying this if some other Nigerians with good business skills and belief in science look into this and participate it may work like this forum.
I bet some people laughed at Seun when he wanted to start this but now it has taken off.
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4 Him (m)
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@ 4HIM You have very good points there but I think there are very many different ways of approaching it. It might ultimately make this idea not seem viable but if we are really interested in putting Nigeria on the map then we have to start somewhere.
"putting Nigeria on the map" is not something that one man can unilaterally achieve. It requires the concerted effort of all and sundry starting from those we elect into office for this singular purpose. Unless you have billions of dollars to waste, your primary aim of setting up a business is to make profit and not to put nigeria on a map. Firstly on the point of energy include a solar energy initiative with this biotech agenda. Even in the US, serious multinational companies don't run on solar energy. Its not a viable source of power. Also a private institute which will not churn out a bunch of half baked scientists could be what this company is started on. Is the goal of this institute to become a private science university? Where will you import the lecturers from? Have you factored in the cost of equipment? If many of the wealthy Nigerians get involved this could work. If many Nigerians will realize the importance of wealth that is. History tells us Nigerians are only interested in looting the treasury. Also why not start such things somewhere other than Lagos to alleviate some of the craziness? If other states are given the opportunity things such as these may take off faster. It is foolhardy, Lagos is the economic nerve center of the nation. If your company is profit-oriented then you don't want to go site your company in Kebbi state. I bet some people laughed at Seun when he wanted to start this but now it has taken off. This is completely different. Any kid can set up a website with little or no start up cost. If NEPA takes light in Seun's house you will still be able to log into nairaland. |
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wendymanda
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"putting Nigeria on the map" is not something that one man can unilaterally achieve. It requires the concerted effort of all and sundry starting from those we elect into office for this singular purpose. Unless you have billions of dollars to waste, your primary aim of setting up a business is to make profit and not to put nigeria on a map. Well since we are aware that the government are not interested in necessary things such as these we can use other ways. Most of the major biotech companies I know of (in America) were not aided by the government. You're right, a business is to make a profit and not put Nigeria on a map but both can be achieved in the sense that if this works other African countries might take interest enough to work with this company. Other African countries that lack such technology would do business with this company. I say this because Jamaica lacks such but Barbados has it so Jamaica works together with Barbados. Even in the US, serious multinational companies don't run on solar energy. Its not a viable source of power.
Some companies have started using solar energy. Even a trash collection company has employed solar energy and if the investment is made early then it is better. Many American companies are getting into solar energy but not as quickly as one might think. Sweden and Germany I think have made major istrides in solar energy. Is the goal of this institute to become a private science university? Where will you import the lecturers from? Have you factored in the cost of equipment? If there are no Nigerian universities that are into Biotechnology then it might make more sense to start a private one that will churn out people who will use this technology. Also I find it really hard to believe that in the whole Nigeria there is no one that is knowledgeable at all in biotechnology. I also assume that the person who wants to start the business understands it and may know people willing to teach it but it is all assumptions. In the case of equipment that man who wants to start the business would have to factor it in himself. History tells us Nigerians are only interested in looting the treasury. And history is correct but I think the person who wants to start such a business would have known this and therefore must have thought of ways to thwart or limit the looting. It is foolhardy, Lagos is the economic nerve center of the nation. If your company is profit-oriented then you don't want to go site your company in Kebbi state. I think if everything is not congested in one congested place then maybe it will have a chance. The problem with Nigeria is that everyone wants to start something another person already thought of. Since the company will not begin as a mega firm if started somewhere not crazy then maybe it can be run in a less frantic nature. Many mega companies start out as small business ventures and reestablish when they begin booming This is completely different. Any kid can set up a website with little or no start up cost. If NEPA takes light in Seun's house you will still be able to log into nairaland.
While this might be different there are similarities like people constantly pronouncing things dead before it is born. |
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ayinba1 (f)
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@POSTER, Biotechnology is definitely feasible and profitable in Nigeria. I will however say that startup will be capital intensive, not only in Nigeria, anywhere. With a solid financial backing, good technical know how and great management skills, it is a gold mine. Source: Meself, being very interested in this field  |
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twiboy (m)
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what are you all talking about?
if you can not help then you should not take the time to post
the poster writes "biotechnology"
what area exactly?
what customers
what ends
products ? info , meds new generics, basic research
what do you mean?
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ayinba1 (f)
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 Shuo!!! Read the first post and take it easy
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obua (m)
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Bio Tech is a broad field.
Define your products and services . Are you going to service the medical or agro industry ?
Some Biotech firms are already here in Nigeria
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