Postdoc Industry Consultants (PICO)
When was PICO established?
-PICO was established in 2011 by four MCW postdocs looking for industry experience in an academic setting.
How many companies/projects has PICO completed?
-Since our establishment, we have completed over 25 projects for 14 biotechnology and pharmaceutical companies. Our results have had a deep and meaningful impact for our clients who range from start-ups through well-established corporations.
How much does PICO charge for its services?
-Nothing. PICO services are pro bono. Our payment is considered full-filled by providing our consultants with hands-on experience and networking opportunities in exchange for actionable business recommendations. On occasion, some clients have been asked, or have offered, to present a workshop to the group on a variety of business related topics.
How does PICO train its consultants?
-In addition to hands-on training in consulting projects, PICO regularly brings in guest speakers from various areas of business and biotech to speak on topics such as product valuation, finance, intellectual property, project management, regulatory affairs, etc. Knowledge and best practices are also shared among members in monthly meetings, which insures the flow of knowledge from senior members to new consultants.
-PICO has also supported its members in attending national business-related meetings such as BIO, AUTM, and Bioforward. Through extensive networking and training, former PICO members have gone on to high impact positions in both industry and academia. Check out the former members tab!