What are some startup ideas with low investment in pharmaceutical business ?

Startup ideas with low investment in Pharmaceuticals

The pharmaceutical sector has brought number of opportunities for the one who is looking for their future in this rapidly growing sector. Providing Business opportunities in number of functional area such as R&D, Manufacturing, Distribution and Retail, investment in this business is always profitable if you have right kind of money, contacts and domain specific knowledge. Being part of this sector is undoubtedly, the best idea but the truth is you will face lot of competition and higher risk well, if you successfully manage these two problems than nobody can keep you away from the higher profits. Before starting your business in this sector you should know about the ongoing trends and the current scenario. Well you will appreciate the fact that Pharma industry in India today successfully ranks 4th in volume and 13th in value in the global pharmaceutical market with exports worth US Dollars 2.6 billion besides domestic sales of over US Dollar 4 million worth. The two most important points that Startups need to consider are the risk and cost. Big Pharma companies can easily manage the risk but the startups have not yet reached that stage of luxury so, you cannot play with the risk. To be a successful startup launch in Pharma sector you need to reduce the risk. The major difference between startup and highly successful business is that lots of hard work, time, vision and obviously pinch of luck. The fact is that all the successful business was once a startup, the only thing is that they reliably overcome each and every obstacle.

Well,  the tips for startup usually depends  upon your investment  some might be looking for  investing lower whereas on other hand some might be ready to take higher risk so here are some tips depending upon the kind of your investment:

Low investment - The one who is investing extremely lower amount can start a Company that plays the role of Traders. Well, your role must be to become the mediator between the two different type of companies .The one is which only market the medicines and the another one is that only manufacture the medicines  so as per your  role you have to bridge the gap between these two  and ease the transaction for the percentage cut.

Medium investment- This investor is the one who does not want to start with too  low and does not even want to take higher risk. These investors can become a regional manufacturer that is they can start catering the needs of the small manufacturing setup and the doctors of their areas who usually dispense their own medicine to its patient. Further as per your investment you can go for options such as distributorship, international marketing and API marketing (Active Pharmaceutical ingredient).

High Investment-  well, if you are investing a really good amount you can go for three big opportunities set up R&D lab, set up manufacturing company and become a third party vendor, or set up  a marketing company. Hence there will be risks involved, however, if you get it right it will be equal to jackpot.

Pharma sector is largely in trend but if you want to startup in this sector positively expect competition and clutter and ensure you are the different one.