Trends like RNA-based therapy, AI, and tissue engineering are making waves in the biotech industry. As we continue moving past the pandemic, industry experts predict that the U.S. biotech industry alone could reach a whopping $183.1 billion by 2024, with a staggering global projection of $465.9 billion.
Innovative startups are at the heart of this expansion. They’re pushing the boundaries of innovation every day. However, these pioneers also face unique challenges, especially when it comes to creating cost-effective, flexible workspaces.
Imagine if the leaders of these startups could focus solely on establishing their presence, attracting top talent, and creating life-saving solutions. Wouldn’t that be ideal? CORT can make this happen. We handle your workspace needs with flexible solutions tailored for the biotech industry. This allows you to focus on what you do best – changing the world.
Flexibility: A Non-Negotiable for Biotech Startups
Flexibility and speed are the name of the game in the biotech industry. Unlike some industries, biotech companies often need to be flexible from the get-go. You want to establish quickly and start producing your groundbreaking products. But even before you can do that, you might already be facing rapid growth. While growth is a positive sign, navigating it on a startup budget can be tough. That’s where CORT steps in.
CORT provides scalable furniture solutions that adapt as your company grows. Renting furniture and other fixtures allows biotech startups to expand their workspace without committing to permanent, high-cost investments.
Shannon Miles, a CORT regional sales manager, emphasizes the value of this flexibility in a recent interview. She says, “Being able to scale is where we’re able to really solve a lot of challenges and issues for these companies.”
When your company outgrows the space, CORT is right there with you, ready to adjust as needed.
Budget Management: Making Every Dollar Count
The biotech industry is known for its rapid advancements and need for immediate flexibility.
“Startups in this field are laser-focused on maintaining low costs and operating within budget constraints, all while trying to launch their operations as swiftly as possible,” points out Shannon Miles.
As reported by GEN magazine, a biotech startup can anticipate allocating around 30% of its budget on capital equipment, supplies, and other operational costs associated with running a lab. The time commitment is substantial too, with up to 32 hours needed just for researching and purchasing a single instrument. It’s a common pitfall for startups to underestimate the amount of time and financial investment required in the early stages of their business. That’s why office setup shouldn’t exacerbate your financial strain.
This is where CORT steps in to make a difference.
By providing rental options for furniture and other fixtures, CORT enables biotech startups to expand their workspace without the burden of permanent, high-cost investments. As your company grows and evolves, CORT remains a steadfast partner, ready to adapt and scale with organizations.
Simplifying Workspace Setup: Addressing a Major Hurdle for Biotech Startups
In the initial stages of a startup, the leadership often finds themselves juggling multiple responsibilities. From product strategizing to investor meetings, the to-do list can seem never-ending. During these times, focus should be on the core aspects of business, not on space planning and furniture selection. This is where CORT can step in as a valuable partner.
CORT: Your Ally in Design and Space Planning
CORT provides expert support in design and space planning, relieving your startup team of extra stress. “We offer assistance with design and space planning. Usually, startups don’t have a dedicated facilities or operations expert, or someone skilled in setting up spaces. We step in as that consultant, helping to get their space up and running” noted Miles.
With CORT’s comprehensive support, office environments can be established quickly and efficiently. This allows teams to focus on what truly matters – driving business forward.
Creating Attractive, Collaborative Workspaces: The Key to Talent Attraction
As startups grow, attracting top talent becomes a priority. This requires creating work environments that are not only innovative but also foster collaboration. Prospective employees visiting an office for an interview look for a comfortable space that encourages teamwork and reflects a positive work culture. Thus, crafting an enticing workspace is crucial.
Many biotech startups establish their office spaces near innovation hubs and universities to access a pool of talent and foster collaborative opportunities. For these situations, a workspace that is appealing, flexible, and offers short-term solutions is vital. CORT offers just that.
CORT: Your Partner for Flexible, Short-Term Office Furniture Solutions
CORT provides flexible, short-term office furniture solutions, perfect for spaces near universities and research parks. Additionally, our design and space planning expertise help with shaping appealing, collaborative environments. This ensures workspaces are both functional and appealing, catering to the need for agility and adaptability in workspace layouts.
Partner With CORT for a Flexible, Cost-effective Biotech Workspace
CORT Workplace understands the unique challenges biotech startups face. We offer solutions that deliver flexibility, cost management, and expert consultation. With CORT as your partner, you can equip your workspace to support growth and innovation.
The CORT Furniture-as-a-Service™ (FaaS) model is specifically designed to help the technology industry navigate these challenges. But our mission goes beyond furniture. We empower businesses to redefine their workspaces for operational success, cost-effectiveness, and talent acquisition.
Ready to create the ideal work environment for your startup? Don’t wait. Contact CORT today and discover how we can transform your workspace to drive success.
