A new start-up lab has a few business and legal requirements that need to be met before you can begin with laboratory testing and other pathological functions.
Many labs start-up as ventures to develop new medical technology, but regardless of the initial intention of the lab, here are a few important steps to take before you can begin operation.
Budget and Financing
The financial aspect is the first element to address at the beginning of any new business venture. You’ll need to budget for the rental or purchasing of lab space, employees, training and equipment and tools which can be purchased at https://cold-storage-solution.phcbi.phchd.com/.
In your business plan, you’ll need to include a section that addresses the budget, a prospective income trajectory and your funding requests. In order to receive funding, you’ll need to list your funding requirements and further argue for why and you’re your lab will grow and be successful in your market.
Selecting the Lab Space
The physical location of your laboratory will be an important consideration, because the space will need to meet certain requirements in terms of facilities and other lab regulations.
You might consider leasing a space with existing lab facilities which will save you the money and time it will take to create a new space that will meet the requirements in terms of incubators and other facilities.
You’ll need to do some research and find out from local organisations and advisory boards about the requirements and your options going forward. Keep in mind that the space you select will have a lasting financial impact.
Purchasing Equipment and Tools
Once your business plan and financing have been secured and you have selected a physical location for your laboratory, you will need to start the process of acquiring the necessary equipment.
As a medical lab, there are a few essential pieces of equipment you’ll need.
This includes preservation equipment such as controlled rate freezers or biomedical freezers. Incubation and sterilisation equipment will also be essential for operation. Further, you’ll want to invest in analysing equipment such as a clinical chemistry analyser, a blood bank analyser and a haematology analyser.
Other basic tools, such as sample containers, that will assist in sample collection and handling will also be necessary.
Hiring Medical Staff
Your staff hiring process is incredibly important. Making sure that you are working with qualified and experienced individuals in your medical lab is paramount to your success and the development of your lab.
It is also recommended that you become aware of employment and labour laws, and offer fair compensation to your employees.
You can find staff by putting job listings on various channels online, but be sure to go through a thorough screening process before offering any contracts of employment.
Before you can start operating, ensure that your laboratory is registered and compliant with any and all regulations stipulated by healthcare and medical boards in your area.
Once each of these steps is complete, you should be ready to begin lab testing in your start-up laboratory.