<s>[INST] I have a Ph.D. in Science, and I am trying to start my own business selling a product created from my own research, but I'm stuck. I have about $200,000 in foundation and government funding in my lab to work on my research, but I don't have the money to get to market.
I have already had a successful lab to market transition in the past. In this previous life cycle, I span off an intellectual property from my university, license it, then formed a company, raised capital with VCs (venture capital), found a manufacturer, and started buying from them, and we grew from $1 million to $100 million in revenue in the first five years. I have a team of nine full-time Ph.D.s and researchers that I need to fund to complete the regulatory hurdles required to take this product to market.
I am seeking advice on how to finish the transition from lab to market through funding in support of regulatory hurdles, manufacturing, and commercialization efforts.
I need a plan to secure the funding, find a manufacturer, and get my product to consumers. What are my options to transition from the lab to market?[/INST]