Biotech in the US happens either in Boston or the Bay Area and to a lesser extent in the DC/MD/NOVA hub. I have heard that Boston is more an old boy network and that the Bay Area biotech start ups are more receptive to hiring younger people (not MD or PhD) as early employees. For starting your own biotech company, it will be very difficult to garnish credibility without a terminal degree or board of big name collaborators.
A good approach to starting a business in this space is to pick your target audience, and find out if your team can easily fix any of their biggest problems. If not, iterate to a different target audience until you find a good problem for your team.
In the medical device realm, I know of a couple groups of undergrads that have developed technologies that attracted VC attention. Titles and credentials are not deal breaking obstacles.
A good approach to starting a business in this space is to pick your target audience, and find out if your team can easily fix any of their biggest problems. If not, iterate to a different target audience until you find a good problem for your team.
In the medical device realm, I know of a couple groups of undergrads that have developed technologies that attracted VC attention. Titles and credentials are not deal breaking obstacles.