Establishing an Irish Biotech Company, Kieran Curran, CEO of Gen Cell, at Bank of Ireland's Enterprise Breakfast Seminar at Thomand Park

1. Establishing an Irish Biotech Company
23rd May 2014
Kieran Curran, CEO

2. Overview
1. GenCell Overview
2. Professional Background
3. The Problem, Opportunity and Solution
4. Technology
5. Spreading the Word
6. Funding the Journey
7. Future Plans

3. GenCell develops advanced genetic testing equipment
… we turn the science of biology into engineering for the
improvement of human, animal and plant health …

4. I I I II I I
US Subsidiary
Professional Background
Tech Startup Tech Consultancy Tech StartupPh.D.
II II I

5. Top 10 Facts About GenCell
1. Company is 3 years old
2. Employs 55 people – 50 in Limerick + 5 USA
3. Propelled by local talent
4. 25% of our employees hold a Ph.D.
5. 20,000 ft2 base in Raheen Business Park
6. US sales & support offices in Madison, Wisconsin
7. Our customers are global market leaders
8. Now exporting our products worldwide
9. Changing how genetic sequencing is performed
10. We have big plans for the future…

6. Most approaches are:
1. Cumbersome
2. Expensive
3. Time consuming
Agriculture Drug Discovery Inherited Diseases Infectious Diseases
The Problem
The world has yet to fully benefit from the genetics revolution

7. 25% Large Sequencing Centers
75%
Specialized Hospitals and Smaller Labs
N. America Europe Asia S. America
15% Growth
The Opportunity in a Growing Market

8. Small & Mid-sized
Sequencing Centres
Large Genomic
Centres
GenCell’s Technology Complements the Existing Sequencing Market
~ 25%
~ 75%
In excess of 7,700 sequencing machines
installed in academic and research
institutions globally1 …
… significant growth >15% p.a. arising
from sequencing “coming of age”
1Source: BCC “DNA Sequencing: Emerging Technologies and Applications”,

9. Our Solution: CLiCTM
… an Irish Technology Transforming Genetic Testing
Launched
Feb 2014
Launching
Early 2015

10. GenCell Technology
US Patent Awarded Feb 2013 Best New Product Award 2013

11. GenCell Technology
Best New Product Award 2013
US Patent Granted

12. Spreading the Word
AGBT Florida:
World’s Premier Genetics Conference
Competing with multi-billion dollar
corporations
First Irish company to launch a product
at this event
Returning in 2015 with new product
CLiC Product Launch
2014

14. Spreading the Word

15. Compete with Imagination not Cash
Guerilla Marketing
Social Media

16. 1. Profitability
2. Fully Realizing Staff Potential
3. Competitive Pricing
4. Product Roadmaps
Strategic Priorities

17. Funding the Journey
Blue Chip Customers + Angel Investment
Note: Contract amount includes billed and agreed amounts
2011
2012
2013
2014+ additional
follow-on
contracts
(Other) Top 3
Global AgBio
Company
US-based
Cancer
Research
Institution
Imminent
Research
Focused US
Medical
Clinic
Asian
Genome
Research
Institution
Academic
Institution
with Sequencing
Focus
Top 3 Global
AgBio
Company
(Other) Top 3
Global AgBio
Company
+ additional
follow-on
contracts
Top 3
Global Animal
Health
Company
Brazilian
Health Ministry
Europe’s
Largest
Genome
Institution

18. Future Plans: GenCell Today
Raheen Business Park, Limerick

19. Future Plans: GenCell Today
High Tech Production

20. Expanded GenCell Facility (Q3 2015)
A Vision for the Future of Irish Biotech

21. A Few Words of Acknowlegement

22. Thank You