Start-Ups

With its experienced engineering and manufacturing staff, Panacis often takes on major portions of its venture customers’ R&D organization charts.

Venture companies typically start out with a small amount of funding and a big product development challenge. Staffing levels become a core budgetary question, with a prevailing need to outsource non-core activities. The timely achievement of business and technical milestones is often paramount for satisfying stakeholders and investors.

Panacis possesses an entrepreneurial spirit and a deep understanding of the needs of its venture customers. With a wide range of capabilities that can be brought to bear throughout the product lifecycle, we make an ideal partner for technology start-ups. With our talented and broadly skilled engineering and manufacturing staff, we often takes on major portions of the venture customer’s research and development organization charts.

Panacis has an innovative, flexible business model that aligns well with the needs and business objectives of start-ups. Many of our customers have found that investors and external stakeholders find assurance in having Panacis as a primary product development partner, as we can reduce many of the risks associated with product development. In fact, some have attributed the ability to secure favourable financing terms to our involvement.

Panacis identifies and protects intellectual property at all stages of the product and company life cycle. We draft, file, and manage the intellectual property portfolios for selected venture companies. Panacis has negotiated licensing agreements for both in-licensing and out-licensing of a variety of technologies.

Venture customers have been co-located in Panacis facilities, enabling truly collaborative product development efforts.

Examples

  • A high speed, low volume instrument for conducting DNA analysis: Panacis brought this product from concept to production in less than a year,
  • A miniature digital imaging system for endoscopy: Panacis designed and produced a range of functional prototypes for use in research studies,
  • A wireless home energy cost monitor: Panacis undertook the majority of the R&D effort, created prototypes, and provided post-production support, and
  • A low-cost, battery-powered LED light: Panacis designed the electronics of this product which is sold by major retailers.