Who say's biotech products have to go via the FDA? There are all kinds of potential markets with lower or non-existent barriers to market, eg my company which makes Glowing Plants. These are the areas which make more sense initially as you really can take a lean startup approach to them.
how's that going? You guys said you would deliver in april, but it looks like it's been pushed back to june. There are also very few lab-related blog posts, despite a promise by Mr. Drory in the reddit thread that all intermediate results, both good and bad would be disclosed. Also, he said a budget would be disclosed. I haven't seen one on the site yet.
>This will be totally transparent project - we will introduce a novel concept called "constant peer review" - In academia no one publish things that didn't work - we will publish everything.
>We take being a good Steward of our backers funds as #1 priority. Our budget will also be publish online and you can see where the money went.