Weekly Biotech Resources from the Collaboratory Catalyst Community: Week of October 27th

Welcome to our weekly showcase featuring a curated selection of valuable resources shared by our community. We explore various topics, including professional development, diversity, equity, and mentorship. We enjoy sharing these resources and hope they will benefit you as much as they have benefitted us.

Our new blog post dissects compensation packages, making them approachable for job seekers new to the biotech industry. Learn the essential components like base salary, bonuses, equity, and benefits and why understanding each piece is vital for successful negotiations. We also emphasize the importance of asking questions and engaging with potential employers for an in-depth understanding of your offer. Armed with this knowledge, next week we'll discuss how to negotiate your offer. This is part one of a two-part series on job offer negotiations.

Looking to make your mark in the biotech startup world? This week, our expert Carina Clingman shared her valuable insights on how to navigate the challenging funding landscape and keep your company lean while still accessing essential expertise.

The key is to consider hiring fractional experts in critical areas such as Finance, Research and Development, Operations, Marketing and Branding, Human Resources, Talent Strategy, and Legal. These experienced professionals can provide strategic support without breaking the bank, allowing you to focus on what matters most: advancing your biotech innovation. In today's post-pandemic world, the rise of hybrid and remote work makes it easier than ever to tap into expert resources, no matter where they're located. Stay resourceful, stay innovative, and keep pushing your biotech startup forward.

In this Ted Talk, Heather C. McGhee delves into how racism affects economic policy and society. She illustrates how racism led to the destruction of public goods, contributed to the 2008 financial crisis, and hindered efforts to unionize workers.

On a positive note, she highlights a Maine town revitalized by diverse immigrants and urges us to reject divisive thinking and invest in our shared humanity.

Anxiety gets a bad rap sometimes, but it's important to know that it has its good side. Psychologists like Lisa Damour have long understood that anxiety comes in both healthy and not-so-healthy forms.

When it's the good kind, anxiety acts as your built-in alarm system, giving you a heads-up when something's amiss, helping you stay safe and alert. Anxiety really cranks up when we start thinking the worst-case scenario is a sure thing.

Lisa suggests asking yourself two questions: Are you blowing the risk out of proportion? Can you take more control than you're giving yourself credit for? By dialing down the catastrophic thinking, you can make anxiety more manageable. With a better understanding of its triggers and some nifty tricks, you can learn to keep it in check.

Diversity in biotech isn't just a buzzword. It's an untapped goldmine of innovation, growth, and resilience. Tiffany Summerville was gracious enough to sit down and share her story and her perspective on the Building Biotechs podcast, and Carina also summarized our key takeaways on the Recruitomics Blog this week. Her strategy hinges on DEEI - diversity, equity, engagement, and inclusion. That second E for Engagement is critical.

If you want to learn more about Tiffany, connect with her on LinkedIn!

Thanks for reading! If you have any interesting resources we should share in our next roundup, let us know at [email protected].