Life Sciences consultancy NovusLife growing rapidly

11 December 2014 Consultancy.uk

NovusLife, a Boston-based biotech and life sciences consultancy firm has grown rapidly on the back of a booming biotech industry.

In recent decades, life science and its impact on human wellbeing have created a booming industry, with discoveries, applications and spinoffs in health, agriculture, medicine, the pharmaceutical and food science industries. Taking part in the boom is NovusLife, a young consultancy start-up which has tripled in size since its founding just eight months ago.

NovusLife

The company, with its offices in Waltham, Boston, started with six employees. It has since grown to employ 20 consultants, employing 16 directly while engaging four subcontractors. NovusLife advises its clients in biotech, pharmaceutical and medical device companies about project-based work, without their need to hire additional permanent employees. The company projects a revenue of $3 million next year on the basis of its rapid growth. The solid growth has meant it is expanding into the European market. It has hired Frederic Liegeois, based in Paris, to oversee its business affairs on the continent.

The rapid growth exceeding the anticipations of founder and CEO Andrew Young. "We thought this year was going to be to establish the company," he said. "We are in full swing." Young notes however that the rapid growth of the company is the result of a move by the biotech industry toward a consultancy based model. "I think outsourcing in general has been happening more and more in the last year and a half," he says. "A lot of people are becoming believers in this model."

Andrew Young & Frederic Liegeois

Andrew Young was inspired by his late father, an MIT trained nutritional biochemist, Vernon Young, to start up NovusLife. Andrew Young has worked for and founded a string of life science companies. He was a manager at Darwin Partners, a consulting firm for technology firms, in the 1990s, which “rode the wave of the early tech boom,” before being sold. He co-founded BioForce Solutions, in 2000, however, he said “he wasn’t totally happy there” and left in 2004. Before founding NovusLife he started BioBridges in 2005, which was a consultancy as well as a contract staffing firm, which he left at the end of last year.

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Robert Park on the launch of his consultancy RWG Enterprises

18 April 2019 Consultancy.uk

Following a lengthy spell as a General Manager at an international materials corporation, Robert Park was keen to rediscover his inner entrepreneur. With the launch of his new consulting firm, RWG Enterprises, Park spoke with Consultancy.uk to outline his hopes for the future of the company, and how he believes his boutique will be able to challenge the market.

Robert Park commenced his career in retail, taking up a string of General Store Manager positions with companies – including Poundstretcher and The Gadget Shop – before making the 2005 move that would lead him to a 13-year stay with Morgan Advanced Materials. First taking up a role as Production Supervisor with the organisation, Park quickly worked his way to the upper echelons of the group. By 2013, he held the role of UK Operations Manager for the company’s UK ceramic core business, Certech UK, before seeing out his final four years at the firm as General Manager, leading the senior management team and strategic direction of the business.

Despite his success with the firm, however, Park found himself getting itchy feet. A change of career seemed increasingly appealing, and by February 2019, the time to take a new path had arrived.

Park explained: “I was losing the ability to to use the entrepreneurial flair that I had enjoyed in the past; the organisation was moving more towards a structured and common approach for doing things, and that made me feel restricted. I also really enjoy the troubleshooting, problem solving side of my role. However, having been in my last post for four years, the troubleshooting and firefighting was long behind me. I realised that I am really energised by tackling difficult issues or turning around things that are clearly struggling.”

New consulting firm RWG Enterprises launches

His criteria for a new career seemed to point conclusively in the direction of management consulting, and while his CV has no formal experience in the sector, Park believes his career to date has provided him with a wealth of transferable skills. During his time with Certech at Morgan Advanced Materials, he became a Senior Manager at the age of just 21, and went on to succeed in a harsh factory environment where six former candidates had previously failed to deliver results.

Later, he became the group’s youngest General Manager in its history, and was involved in the turnaround of numerous departments. He also developed vast experience dealing with a wide range of ‘people’ challenges, including re-organisation, talent development, talent acquisition and leadership development. Along the way, Park noted that he learned to deal with large, blue chip organisations such as Rolls Royce, securing major long-term contracts worth upwards of £25 million.

Now, he hopes to take that know-how and apply it to the diverse world of consulting work. Park elaborated: “I really want to be able to help organisations that feel that there is no hope or have lost faith in the business… Having been there myself I know how helpful it would have been to have someone to refer to in times of crisis… The firm will also focus on leadership development, as I spent a lot of time with the global graduate program during my corporate career… and I was really motivated to see these individuals grow and develop… helping them to find their own way through challenging situations.

New enterprise

Park’s new Derby-based consultancy, RWG Enterprises, will focus on five key operational fronts. As stated, leadership development and business rescue will be two of these areas, as well as manufacturing – where the firm will tackle challenges such as new product introduction. RWG will also offer financial advisory services and strategic business planning offerings.

While Park is understandably guarded about the firm’s initial engagements, he revealed that he has been “speaking at length to a well-known university and business school about providing mentoring and coaching support to students.” In the long-term, the aim is for RWG Enterprises to take on engagements from clients across the industrial spectrum. He added that as “the company is very embryonic”, it would be “foolish” to become too focused on target clients at this stage.

When asked how RWG Enterprises intends to differentiate itself from the rest of the pack, in an ever-more-crowded UK consulting sector, Park is undaunted by the task ahead. He stated, “I think the main differentiator is that we are small... I have operated at a very senior level for many years but I have enjoyed a very diverse background having worked in most functions within my last organisation. I also won’t take on any work or clients that I feel I cannot deliver value for, I am honest and ethical and am really motivated by seeing others become successful… The main thing I am focused on is 'can I add value' and 'can I help?'”