Tuesday, June 26, 2007

Biotech Recruiting in Canada; Possibly looking to expand to USA??

What a strange year for Cortex Search Inc.

From December 2006-April 2007 it seemed like a serious rut had bubbled up. But the term "feast or famine" couldn't be more true for the "FormerScienceGuy". Since April 1st, 10 (ten) deals have closed, a close to record first quarter, and a sweet second quarter is brewing.

I implemented a $5000 engagement fee and this has been met with little hesitation from new clients. This engagement fee puts a bit more onus on the client to be responsive, engaging, and committed to work diligently on the process. I thought $10K was stepping more into the "retained" model, a business practise I'm not interested in.

This year has seen me acquire three new clients, two referral based, and one gained from attending a conference "biofinance", here in Toronto.

Now that I see some stability and a bit more of a confident market, coupled with a strong track record here in Canada, I am contemplating expanding my model, expertise and network throughout the US.

I am torn between setting up a number of formal networks in the US, or actually bringing on regional consultants to be part of Cortex Search.

Things I bring to the table:
  1. PhD in Genetics
  2. Running Cortex for 9 years
  3. Applicant Tracking System
  4. Record of Success in recruiting junior to C-level candidates

Things I am looking for in a network or new consultant:

  1. Experience recruiting in the biotech/pharma industry for at least two years
  2. Understanding of how to deal with scientists and executives
  3. Independent work philosophy
  4. Strong communicator
  5. Ability to manage both candidate and client
  6. An advanced degree in life sciences

Touch base with me