I am forming a new business with two other colleagues here in Boston. The firm will be called the Coherence Group. We are in the middle of putting up a web site that will describe our service offerings and the markets that we will target. At least initially we are focusing on Life Sciences, Phamaceuticals, Biotechnology and the non-profit or social sector. I had a series of excellent interviews with the Omidyar Foundation in Palo Alto recently and I am very intrigued with knowledge sharing and collaboration in the social sector. I think there is extraordinary potential to empower people and drive positive social change.
In Life Sciences there is an economic imperative to collaborate better with alliance partners and internally among scientists. Information about conclusions about the data in the Discovery and Development does not get shared aggresively enough within organizations. Thus the cost of developing and bringing new drugs to market is skyrocketing. Focusing productivity efforts on facilitating interaction and knowledge sharing electronically can yield benefits. Companies will compete better if internally information is shared quickly and the company can sense the external environment.
So watch for more on the Coherence Group!
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