Beginner's Mind

#50: Dimitrios Tzalis - Insights Into Building CROs in Asia and in Europe

October 14, 2021 Christian Soschner Season 2 Episode 19
Beginner's Mind
#50: Dimitrios Tzalis - Insights Into Building CROs in Asia and in Europe
Show Notes

In this conversation, we discuss the development of the European Pharma Eco-System, different business models, and what it takes to lead a company to success.

Today’s speaker is Dimitrios Tzalis.
In the 90s, he received a Ph.D. from the University of California, San Diego, a Master of Science in Chemistry from the University of Chicago, and a Master of Science in Biochemistry from Ball State University in Muncie, Indiana USA.

1998 he returned to Germany to found Taros Chemicals GmbH & Co. KG.

Questions we discuss in the show:

  • When and why did Dimitrios decide to found a novel company?
  • How did Dimitrios find the Right Business Model?
  • How did the industry evolve in India and Germany over the last two decades?
  • How do you see the future of the life science industry globally after the push that it got with Sars Cov 2?
  • And more…

Timestamps:
00:00 Introduction
04:25 Introduction Dimitrios Tzalis
05:45 How to Start a Life Science Company During the Dot.com Bubble Times
08:15 The Decision to Start a Company Rather Than Applying for a Job
10:15 How did the European Life Science Eco-System Look Like in the 1990s?
12:54 Where to Get Inspiration for Writing a Business Plan?
16:54 The Structure of the Pharmaceutical Industry in the 90s/early 2000s
20:15 The  Life Science Economy 
22:55 The Different Mindsets  to Bringing an Idea to Market
31:05 How to Fund Early-Stage Development Companies
36:30 From Founding a Company in Germany to  India
41:10 How Technology Changed Collaboration in the Last Two Decades
44:25 Development of Cultural Similarities and Differences Between India and Germany Since 2000
47:00 Is there a Global Convergence of Business Culture?
52:17 The Pharma Industry in India – 2000-2021
55:20 The Future of the Pharmaceutical Industry in India
57:40 How Are Problems Approached in India vs. Europe?
01:01:20 How Entrepreneurs Approach Problems
01:03:15 Entrepreneurship & Passion
01:06:00 The Role of Passion
01:10:20 The Role of Leadership 
01:12:26 Teamplay in Companies
01:14:54 Life Science Business Models
01:20:10 The Private and The Public Life Science World
01:25:00 The Future of the Life Science Industry 
01:42:50 The European Culture Around Entrepreneurship
01:50:00 Short-Term Thinking and Long Term Planning
01:54:30 What is the Most Important Advice to First Time Founders

Follow Dimitrios Tzalis and Taros:

Shownotes:

Podcast Links:
Podcast Website: https://www.lifescienceget2gether.com/
Community Partner: https://linktr.ee/lsg2g
Christian Soschner: https://linktr.ee/soschner
LSG2G Twitter: https://twitter.com/LGet2gether
LSG2G Linkedin: https://www.linkedin.com/company/life-science-get2gether
Podcast Episodes: https://pod.link/1493847125
Episodes on YouTube:  https://www.youtube.com/playlist?list=PLlZfrwd6iXrQ3LIANISUpP22seS2CsCEV

Support the show (https://lsg2g.substack.com/subscribe?)