In celebration of National Science Week 2020, Solubility is supporting the #InspiringAustraliaInitiative by profiling five dynamic scientific careers.
First up in our daily interview series is Dr Anabela Correia.
Why do you do what you do?
Livac is a surgical devices company focused on the development of novel products that reduce trauma caused during surgery. Our devices improve patient recovery times, reduce length of stay and overall procedure costs.
At Livac we focus on the patient and improving the costs associated with healthcare. I enjoy challenging work and the feeling that as a small company, we are making a difference in providing meaningful healthcare solutions.
Would you tell me, please, which way I ought to go from here? – Alice (in Wonderland)
What is the best piece of advice you have for aspiring founders?
The best advice I received was just make a start! Starting can be the most difficult/challenging part of the process. Also, every decision you make, should increase your options.
What would you have done differently?
There is so much! Perhaps the biggest thing we should have done differently, was taken full control of our manufacturing processes and associated systems, rather than outsourcing them to others. Typically, ownership of these functions needs to be returned to the full control of the company – as they can impact a commercial exit.
What are the most significant challenges for start-up companies?
Usually the most significant challenge for a start-up is the constant need to secure and access capital. Second to that it is the ability to attract key personnel, who are at the top of their game in your industry sector. It can be tough to access this expertise when competing against large multi-nationals, but not(?) impossible. Increasingly skilled people are willing to consider smaller companies that offer more flexibility and provide an environment where they can make a difference and/or influence the direction of the company.
Grace under pressure, that’s what the old man said. – Paul Kelly
How do you handle pressure?
Lock myself away, break it down, focus on the most important task and get it done – remove all distractions.
For fast-acting relief, try slowing down. – Lily Tomlin
How do you maintain balance in your life?
“Work hard play hard” has been a consistent theme in my life. While I put in considerable hours and work effort during the week, to balance things out, I spend most weekends at the beach with family and friends. We enjoy surfing, which is the “ultimate” opportunity to clear the mind, connect with nature and focus on the “now”.