Singapore, Jun 29, 2009: A group of experienced international biotechnology professionals have established BioMentoring Australia, a program to provide skilled and dedicated peer-level support for Australia’s life science CEOs.

A first in the industry, BioMentoring Australia will provide highly skilled mentors who have real experience in key areas such as strategy, product development, deal-making and commercialization. Each mentor has been at the forefront of international licensing negotiations and the everyday operations of biotech companies.

The service will aim to provide CEOs with the chance to discuss issues and explore ideas with a seasoned professional who can take an independent view of the demanding ups and downs of biotech business management.

Founder Mr Tom Williams emphasized the importance of mentoring and its positive impact upon those involved in such programs.

“Many company CEOs describe their mentoring experiences as one of the most powerful influences in their careers, both on the way to the top and equally once they get there.”

“Biotech CEOs have to straddle both science and business and can be burdened with unrealistic expectations. With an experienced mentor we believe we can recognize and build upon the strengths and manage any weaknesses faced by the company and CEO.”

BioMentoring Australia will provide Chairmen and CEOs a choice of mentors, enabling them to select one with the most relevant and compatible knowledge and skill set to empower CEOs to reach their company’s and their own key objectives.