
This is a Related Course of the MOT program.
Entrepreneurship in Biotechnology will provide students an introduction to
the complexities and unique problems of starting a life sciences company. It
is designed for both entrepreneurs and students who may someday work in a biotechnology
or medical device startup. Students will be exposed to the topics most critical
for successfully founding, financing and operating a life science company,
and will be expected to perform many of the same tasks that founders would
normally undertake. Discussions with life-science entrepreneurs, case studies
of recent companies and hands-on work developing entrepreneurial endeavors
will all be utilized.
The first classes will provide an overview of the industry based on current
trends and those of the past 20 years as well as on how to recognize fundable
opportunities. The middle section of the course will focus on functional and
operational issues facing small life science companies including obtaining
financing, working with venture capitalists, bringing ideas to the clinic,
intellectual property, and business development and strategic partnering. The
final portion of the course will be oriented to the preparation and presentation
of actual business plans. Well in advance of the project’s final due
date, teams will be asked to provide a written executive summary and one or
more oral presentations. These exercises will help teams understand the strengths
and weaknesses of their new venture, and help them to prepare a more successful
plan.
This class is appropriate for students who would like to start their own enterprise, and just as importantly, those who believe that they may someday work in a small life science-based company. In both cases, you will learn what drives the start up and on-going operations of these fascinating and exciting enterprises.
Course Syllabus (pdf)
