2. Our venture lab project is a start-up
that will change the way you look at
your DNA.
We will offer services that tell you
about your ancestry history and your
susceptibility to certain diseases. We
want to offer it to the masses.
Our dream team consists of
Mohammad Al-Ansari, Emad Al-
Shihabi, Susan Ling and Francesco
Vallania
Photo credit / Flickr @ www.ruffrootcreative.com
3. Know more about your
ancestors – your family
tree, your origins.
Know about possible certain
hereditary or genetic diseases
that you are susceptible to.
Participate in research that will
help find the cure for incurable
or in-research rare diseases. Be
a part of the cure.
Photo credit / Flickr @mmmcrafts, @IYLIAAA
4. We created an online survey form using
Google Forms to gauge interest and
familiarity with the concept of DNA
sequencing, its benefits, and if customers
have used it before.
We shared this survey over
Facebook, Twitter, Email, other online
media outlets, including our Venture-Lab
blogs.
We also conducted phone interviews with
potential customers and recorded the
results in the survey form.
Photo credit / Flickr @odegaard library, Twitter, Facebook
5. We did not have a target
market set – we wanted to
see interest from all around
the world.
We received 86 responses
from North and South
America, Europe and Asia.
The market survey ran for
about 1 week.
Photo credit / Flickr @Doug88888
6. There is significant interest in
the subject.
Customers are familiar with the
concept, and a few have already
tried it.
Customers are interested in
knowing about susceptibility to
diseases and their ancestry
history.
Photo credit / Flickr @sean dreilinger
7. Data privacy is a MAJOR
concern (as we expected)
A large percentage of customers
are willing to participate in
research studies in lieu of
subsidized DNA tests (unlike
what we expected)
Most customers are also willing
to pay up to $1000 for the
service.
Photo credit / Flickr @Alan Cleaver
8. We revised our original model to focus on
subsidized testing offered through
partnership with clinical research
organizations.
We will focus on regulations and policies
for data privacy. We will implement
safeguards against data leakage or
unauthorized access as a top priority.
We will narrow down our target market
through a more in-depth survey to
prepare for more interviews.
Photo credit / Flickr @syntaxoflife
9. There is obviously a market for our
product, with very strong initial interest
and feedback from the market.
With a few business model changes we
can launch with a lucrative
The idea is still in its infancy and there is
huge potential ahead.
So the answer is an astounding, big, YES.
This project is a possible OEP candidate
and we will be moving forward with it.
Photo credit / Flickr @Joe Shlabotnik
10. Follow-us on
Twitter @SequenceYourDNA
Facebook http://www.facebook.com/SequenceYourDNA