Drummond created Venture OEM to address the limited resources available to early-stage companies. We become a stakeholder through the investment of design engineering services and/or cash.
This partnership allows the investee to obtain the products it is developing at volume pricing, while also providing an incented partner who is capable of scaling with the company’s growth. It is our belief that this model will allow start-up companies to more efficiently leverage the limited capital they have, thus creating a bridge over which more technologies can traverse the “Valley of Death.”
Dr. Strohsahl is a classically trained biophysicist with expertise in the fields of biotechnology, nanotechnology, organic chemistry and molecular biology; he has spent the better part of the last decade working at the interface of academia and industry. His specific expertise centers on device development and assay design, oligonucleotide modeling, DNA surface chemistry, PCR assay development and several aspects of clinical sample preparation. As a result of his professional pursuits, he has also gained significant experience in small business development and management, including the determination of market needs and freedom to operate.
After receiving his doctorate from the University of Rochester in 2005, Dr. Strohsahl and a group of colleagues founded Lighthouse Biosciences, a start-up focused on commercializing the oligonucleotide-based diagnostic arrays he had developed as a graduate student. From that time working in the company, he developed a wealth of knowledge, experience, and connections, which he now leverages as Drummond Scientific’s Director of New Product and Venture Development. In this position, Strohsahl serves as the company’s primary liaison to academic institutions and private companies, using a number of different engagement mechanisms to match emerging diagnostic technologies with the engineering and manufacturing expertise needed to competitively enter their intended marketplace.
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