Introduction
Last updated
Last updated
BioDAO is a global decentralized community which supports and funds promising early stage biotechnology projects from university tech transfer offices and academic lab benches to fully formed biotech companies. BioDAO members will make operational and strategic decisions. Members can join BioDAO by earning BIO tokens through contributions of work or intellectual property.
To participate and learn more, join the Discord, follow BioDAO on twitter @BioDAOxyz, and check out BioDAO website!
Our mission is to create a global democratic biotech ecosystem focused on identifying, funding, and supporting real-world biotech projects to accelerate biotech innovation and solve humanity’s most pressing challenges
BioDAO’s initial focus will be on funding and developing therapeutics (i.e., new therapies and drugs) and techbio (e.g., AI/ML in biotech & healthcare), later expanding to diagnostics (e.g., early disease detection) and broader biotech applications (e.g., lab grown meats).
For society, our goal is to initiate 25-30 projects per year for the next five years which, given typical rates of attrition and regulatory requirements, will result in 3-5 new therapies per year in the next 6-10 years. This rate of success will effectively double the number of life saving therapeutics available to patients over the next 10 year.
For BioDAO members, our goal is to build and empower a community of biotech innovators that have a reliable funding source for the ecosystem and democratized access to talent.
BIO token is a valueless governance token which will allow members to participate in governance and can be earned through various contributions (e.g., deal flow, due diligence, DAO ops).
The BIO token serves 4 key purposes:
Fosters an environment for creative collaboration and innovation. Blockchain-enabled DAO structure makes it possible to involve a large number of participants from diverse backgrounds on a global scale.
Creates an ecosystem with aligned incentives. BioDAO members can contribute and participate in decision making enabled by token ownership.
Enables democratization of biotech development and funding on the global scale. Anyone in the world can participate in BioDAO, irrespective of their nationality or socio-economic status.
Bridges Web3 with real world innovation.
Being a BioDAO member means, first and foremost, being part of the community and having long-term alignment with the organization's goals and mission to improve healthcare. Engagement with BioDAO can be of multiple forms:
Participate in working groups: BioDAO will allocate resources for specific services inside the community. People willing to provide these services usually end up organizing into a working group and formally requesting a budget from the DAO.
Contribute specialized skills: BioDAO may engage with experts on a temporary basis for services which cannot be found inside the community (e.g., deep domain expertise in a particular disease area). We hope that the engaged experts would eventually become part of the BioDAO community but they are not required to. Specialists and freelancers who join the community can form a working group (aka committee) to continue doing their work on a regular basis.
