Arizona Republic profiles "Serial Entrepreneur" Lindsay
September 20, 2012
In a recent article in the Arizona Republic, reporter Jeff Marshall profiles entrepreneurs who are 55 and over. These 'serial entrepreneurs' include Biodesign's Stuart Lindsay, who is hoping to turn nanotechnology into another successful ASU spinout enterprise.
As a companion piece to the article, Biodesign and ASU Public Affairs have created a new video series, called "Bench Talk" that will focus on Biodesign's translational efforts.
From the Arizona Republic:
Joy in 'making something useful work'
by Jeff Marshall
Molecular biophysicist and serial entrepreneur Stuart Lindsay is hoping to turn the infinitesimally small into big business, again.
Recognition Analytix, Lindsay's tentatively named startup, will build proteomic diagnostic devices for the medical community. The instruments will be designed to support a burgeoning area of medical research that attempts to identify a patient's individual proteins and design treatments particular to their molecular makeup.
Lindsay's newest venture follows the success of Molecular Imaging Corp, a similar instrument company he co-founded in 1993 and sold to Agilent Technologies in 2005.
Lindsay, 61, credits his entrepreneurial success to his applied physics background and practical nature.
"I get a great deal of pleasure from making something useful work," Lindsay said. "A common mistake of entrepreneurs is being too pleased with an idea for which there is no market."
Lindsay received his doctorate in applied physics from the University of Manchester in '76 and soon after accepted a position as a physics professor at Arizona State University. He has worked there ever since and now directs the Center for Single Molecule Biophysics at the Biodesign Institute.
"The quality of the programs at the university have improved dramatically, and (ASU President) Michael Crow has motivated people to be entrepreneurial," he said. "The only disadvantage is I'm reaching an age that I'm starting to have to stop and catch my breath, but Michael just keeps you working hard."
Working hard is one of the three main attributes he sees in successful entrepreneurs, along with not being high bound by conventional traditions and involving yourself in partnerships.
Lindsay pointed to Bill Hewlett and Dave Packard, also founders of a scientific-instrument company, as the embodiment of those attributes and his entrepreneurial heroes.
"Apple's story is another great one," he said. "Those companies did things that at the time didn't seem particularly smart or clever but resulted in amazing accomplishments. They changed the way we live."
Lindsay is also hoping to change the way we live by allowing us to live longer, healthier lives.
"I want to put cheap, simple and powerful proteomic diagnostic devices into every single doctor's office."