This project has not been easy, and the price tag it came with hasn't helped matters. Starting a research and development company from ground zero requires a lot of start-up money, said the doctor. Fortunately, the state and federal government have been infusing these small companies with grants so they can get off the ground. The government has begun supporting small research and development companies because large companies just aren't putting money into research anymore, Dr. Mandecki said. Large companies take a risk when they attempt to come up with the next big thing in an industry, he said.
Product development takes a lot of preparation time and quite a bit of investment.
This is why big companies are beginning to rely more on smaller start-up companies, said Dr. Mandecki. The conglomerates wait for the small companies to develop the technology necessary to create the next big thing, and acquire the new discoveries for a price. Dr. Mandecki marvels at the success his tiny company has had since he created it a little more than two years ago. There we were among some of the top 50 companies in the world. The idea that PharmaSeq is rubbing elbows with industry giants gives Dr. Mandecki a chuckle whenever he thinks about it.