Pre-Seed Workshop - New York
Pre-Seed Workshop - New York
Pre-Seed Workshop - New York
"The Pre-Seed Workshop is the best approach I have seen to the challenging issue of determining if academic researchers have an idea that can become a commercially successful venture."

Sean Boykevisch
Senior Licensing Associate
Stony Brook University, Long Island


Pre-Seed Workshop paves the path to success for Syrindicare

 

Since attending Pre-Seed Workshop in May 2014, alumnus Dr. Paul Lee (pictured right) has seen amazing growth for his company Syrindicare. The potential was always there, but according to Dr. Lee, he needed PSW to help him see the path to success. We touched base with Dr. Lee to learn a little bit more about Syrindicare and how attending PSW acted as a “launch pad” for moving forward.

Dr. Lee works in a healthcare clinic where many patients are self-administering their medications via at-home injections. According to Dr. Lee, a combination of healthcare law, improved technology and cultural trends for independence are driving more home injections. However, patients often struggle with using the syringe at home. In addition, it’s impossible for doctors to measure how frequently patients are injecting themselves. Dr. Lee and his family experienced the challenges of at-home injection firsthand when his wife was having a hard time doing them during her pregnancy. So, Dr. Lee decided to do something about it.

Syrindicare’s product is a user-friendly syringe that is designed to help patients more easily inject medications at home (shown right). The device also includes an accountability system that helps doctors monitor patient compliance. Ultimately, this decreases costs for patients because the ease of use enables them to administer their medication properly and with the right frequency.

Having worked with the Center for Entrepreneurial Leadership in Buffalo, NY, Dr. Lee knew that PSW could help him develop a plan for Syrindicare. “I wanted to force myself to be honest with my idea and ask myself the difficult questions. Is my product solving a bigger problem within society? Is it possibly to actually produce it?” Dr. Lee attended PSW at University at Buffalo in May 2014 and the experience helped him find answers to those questions. “Anyone can have ideas, but PSW makes you see the whole chain of activities that need to take place for a product to be realized. It gives you the framework to create something tangible,” he said.  The well-crafted rapid-fire format makes PSW a very efficient way to work through this reality check.

Dr. Lee used the foundation that the PSW helped him set as a springboard for success. He credits PSW with giving him the courage to move forward. “Having gone through that process makes you want to do more to get to the next step,” he said. “Since the workshop, we’ve filed more patents, built a team, and we’re moving full steam ahead.” Syrindicare also submitted its plans to the esteemed business competition 43North, and advanced to the semi-final rounds. According to Dr. Lee, only about 113 companies out of 3,000 were selected to advance. “It gives you validation,” he said.

We asked Dr. Lee if he had any advice for future PSW participants. “Don’t be afraid,” he said. “Letting your ideas go public is the only way to grow. Don’t stay in your comfort zone and drink your own Kool-Aid. Put it out there, go through the process, and take action.”

Want to learn more about Pre-Seed Workshop alumni, their experiences, and progress? Check out our Alumni Stories by clicking here.